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February 2021 Flathead Land

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ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND

• The average number of Days on Market is down 30% in

February and down 21% year to date.

• New Listings are up 16%

• Closed Sales are up 115%

• The Average Sales Price is up 51% in February and up

68% year to date

• 96% of the Original Listing Price is received at closing

211 Parkway Drive, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Local Market Update | February 2021

Flathead

County

Land

+14% +24% +51%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

February

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings 67 78 +16% 164 167 +2%

Closed Sales 46 99 +115% 82 182 +122%

Median Sales Price $113K $145K +28% $116K $173K +49%

Average Sales Price $176K $265K +51% $170K $285K +68%

Avg. % of Original List Price Received 93% 96% +3% 93% 97% +4%

Average Days on Market Until Sale 427 301 -30% 409 323 -21%

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2020 through 2/28/2021.

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