With summer waning and the sights and sounds of early fall approaching, the month of August is already seeming like a distant memory. Flathead Lake real estate sales posted some strong numbers however, adding to the positive trend we have been tracking all year.
As strong as sales on the water were last year, Flathead Lake real estate sales are still ahead of 2012 numbers. Last year began with 40 sales through the month of August for a volume of $25.3M compared to 43 sales adding up to over $30M for this year. The adjusted average price per foot appears to be holding steady.
There several waterfront properties that are currently under contract that should close in the next 30-60 days. I expect the numbers we see posted through the fall to make 2013 one of the strongest sales years we have seen for over 6 years.
Annual Sales Data:
Active Waterfront Listings
New Flathead Lake real estate listings held steady this month. The number of residential waterfront listings on the market are up 11% from the same time last year. Land listings are still down, with 30% fewer land listings than last year at this time.
Median prices for homes and land ticked up a bit with the summer inventory. However, I believe waterfront sellers are more realistic about the market value of their properties based on sufficient data provided by comparable sales.