DAVID FETVEIT

Real Estate Broker

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Flathead Lake Real Estate Sales – January 2015

Waterfront Sales Stabilize in 2014
The first week of February has been unseasonably warm, with record-setting temperatures in the low 50s.  Unfortunately, the respite from the frigid winter season has been limited to weather as we have not recorded any Flathead Lake real estate transactions for the first month of the year.
This is not too surprising, as most years produce anywhere between 0-3 transactions for January.  There are several waterfront properties currently under contract that we expect to close in February.
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.
 
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 14% below last year’s inventory at this time.  Waterfront land listings are also down 9%, with very little movement in this segment.

Median list prices for residential listings have trended upward from $900k to the nearly $1.0M range over the course of the past six months.  The lower priced inventory has all but been depleted over the past 24-36 months, resulting in a higher-priced 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 for 2014.  With 19 units sold last year and 40 currently on the market, we have roughly 2 years of waterfront condominium inventory available.