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February 2021 - Lincoln County - Residential

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ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

• The average number of Days on Market is down 40% in

February and is down 29% year to date.

• New Listings are up 71%

• Closed Sales are up 56%

RESIDENTIAL

• The Average Sales Price is up 18% in February and up

56% 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

Lincoln

County

Residential

+71% +56% +18%

Change in

New Listings

February

Change in

Closed Sales

Change in

Average Sales

Price

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings 28 48 +71% 52 88 -40%

Closed Sales 18 28 +56% 35 55 +57%

Median Sales Price $225K $269K +20% $189K $275K +46%

Average Sales Price $292K $345K +18% $243K $379K +56%

Avg. % of Original List Price Received 92% 96% +4% 93% 96% +3%

Average Days on Market Until Sale 252 150 -40% 228 162 -29%

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

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