2015 Start Mirrors 2014 for Waterfront Sales
Spring is in the air as the first week of March has been one of the warmest in recent memory. There is still decent snow pack in the mountains and on the ski hills, which not many resorts in the west can say this year.
There were two Flathead Lake real estate sales posted for February, matching last year’s start for the first two months of the year.
The overall outlook for 2015 is positive. We are likely to average 150-200 waterfront listings around the lake during the warmer months, providing plenty of opportunities for buyers to find some great values on Flathead Lake.
February 2015 Sales for Flathead Lake Real Estate:
Annual Sales Date:
Active Waterfront Listings
The number of Flathead Lake real estate waterfront listings has dipped to its annual low point, and residential listings are 17% below last year’s inventory at this time. This marks a two-year low for residential waterfront inventory.
Median list prices for residential listings dropped to $897,000 after posting 5 months of upward trend. The expiration of several $3M+ listings, and their replacement with newer listings that are less than the median had an impact with the relatively low inventory. Median prices for waterfront land have held relatively steady over the past 12 months at around $600k.
Flathead Lake Condominium Market
With over a dozen waterfront condominium communities around Flathead Lake, there are 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 average sold prices so far this year.