Flathead Lake Real Estate Sales
Winter appeared to arrive and disappear in February over the course of 2-3 weeks. Frozen bays and snow cover has given way to spring-like conditions for the first week of March.
Flathead Lake real estate sales continue to post impressive sales numbers as demand for waterfront properties persists into the new year. February produced six waterfront sales averaging well over $1M.
The expectation for 2021 is that transactions will be fewer due to limited inventory, with continued price support from continuing demand.
February Sales:
Pricing and Sales Summary:
Significant Sale
42669 Montebello Ln
358 Feet of Flathead Lake Frontage
6.99 Acres
List Price: $1,385,000
SOLD FOR MORE THAN ASKING PRICE DUE TO MULTIPLE OFFERS. AWESOME FLATHEAD LAKE HOME includes 4 bedrooms, 5 baths, large bonus room and beautiful rock fireplace. Located on almost 7 acres with over 350 feet of level lake frontage, spectacular views, various fruit trees and includes covered boat dock.
Active Waterfront Listings
Residential waterfront listings for this month are down significatnly compared to the inventory at this time last year (27 vs 73). The number of land listings has dropped to 9 from 27. Total listings on the lake historically peak in August and bottom out between January and March. The residential inventory on the lake has dropped to record low territory. The combination of record sales over the past 18 months along with lack of motivation for sellers to give up their Montana real estate continues to put downward pressure on inventory.
Median prices for both residential (~$2.5M) and land (~$1.5M) have spiked due to lack of inventory, and remaining inventory at higher price points.
Flathead Lake Condominium Market
With over a dozen waterfront condominium communities around Flathead Lake, there has historically been plenty of options for buyers who want the waterfront lifestyle without having to worry about maintaining a lake home. Below is a list of all of the current condo listings for the various communities around the lake, along with a report of total sold units and average prices for the year.
