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February 2021 - Lake County - Land

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ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

LAND

• The average number of Days on Market is up 129% in

February and down 5% year to date.

• New Listings are up 70%

• Closed Sales are up 337%

• The Average Sales Price is up 15% in February and up

21% year to date

• 89% of the Original Listing Price is received at closing

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Local Market Update | February 2021

Lake

County

Land

+70% +337% +15%

Change in

New Listings

February

Change in

Closed Sales

Change in

Average Sales

Price

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings 27 46 +70% 48 68 +42%

Closed Sales 8 35 +337% 22 59 +168%

Median Sales Price $77K $84K +9% $64K $840K 1,213%

Average Sales Price $137K $157K +15% $139K $168K +21%

Avg. % of Original List Price Received 79% 89% +10% 82% 92% +10%

Average Days on Market Until Sale 261 597 +129% 553 526 -5%

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

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