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Sold Waterfront Listings
A beautiful Flathead Lake summer is beginning to wind down. Temperatures are cooling, although we are enjoying the warm September days that sneak in between cold fronts.
Flathead Lake real estate sales have continued at a steady pace this summer with several sales reported in the month of August. We are continuing to see the trend of fewer, higher-priced sales. Earlier in the year, total sales on the waterfront had been down as much as 40%. We have made up some of that ground over the past few months, with sales volume now down just 27% year to date compared to the same period last year.
Premium sales have pushed mean prices up slightly with average linear foot prices up over $4,000 for the entire lake.
August Sales:
 Annual Sales Date:
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Active Waterfront Listings
The number of Flathead Lake real estate waterfront listings is holding relatively steady compared to last year. There is typically a slight drop-off of summer season listings and we saw that again this year along with closing 6 listings in August.
Median prices for homes and land have held relatively steady over the past 12 months. The median price for waterfront land is around $600k. Median list prices for residential listings have slowly trended from the high $900s to the lower $900k range over the course of the year. It seems waterfront sellers are more realistic about the market value of their properties based on sufficient data provided by comparable sales.
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