Lake County_LAND_May2021
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May 2021 Monthly Market Update<br />
<strong>Lake</strong> <strong>County</strong>- Land<br />
• The Average Days On Market Until Sale dropped by 581 days<br />
compared to May 2020<br />
• The Average Sales Price on Land rose by $68,000<br />
• Average % of Original List Price Received rose by 6%<br />
• Closed Sales are up 24 compared to May 2020<br />
3011 American Way Missoula, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROS.COM
Local Market Update | May 2021<br />
<strong>Lake</strong><br />
<strong>County</strong><br />
Land<br />
+3 +24 +68k<br />
Change in<br />
New Listings<br />
May<br />
Change in<br />
Closed Sales<br />
Change in<br />
Avg. Sales Price<br />
Year to Date<br />
2020 2021 +/- 2020 2021 +/-<br />
New Listings<br />
55<br />
58<br />
+3<br />
159<br />
236<br />
+77<br />
Closed Sales<br />
18<br />
42<br />
+24<br />
69<br />
216<br />
+147<br />
Median Sales Price<br />
$93k<br />
$112k<br />
+$19k<br />
$80k<br />
$89k<br />
+$9k<br />
Average Sales Price<br />
$143k<br />
$211k<br />
+$68k<br />
$168k<br />
$154k<br />
-$14k<br />
Average % of Original List Price Received<br />
92%<br />
98%<br />
+6%<br />
84%<br />
97%<br />
+13%<br />
Average Days on Market Until Sale<br />
843<br />
262<br />
-581<br />
643<br />
367<br />
-276<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS ®, Inc.
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