Flathead Lake Real Estate Sales
Four Sales in January to Start the New Year
There were four reported Flathead Lake waterfront sales for the month of January, the most we have seen in this cold winter month since 2010. There were three residential sales and one land sale.
We are coming off a very strong sales year for lakefront properties in 2015. The expectation for 2016 is to continue this trend barring outside market forces such as rising interest rates, uncertainty in the stock market, and a big election year.
Price on an improvement-adjusted per foot basis are expected to hold or slightly increase depending on what kind of inventory we see come on the market over the spring.
January 2016 Sales:
Annual Sales Date:
Active Waterfront Listings
Residential waterfront listings for this month are up substantially compared to the number of listings for at this time last year at 98 listings up from 83. The number of land listings is down to 28.
It appears that more sellers are maintaining their active listings through the winter months compared to past years, likely due to the recent increased sales activity.
Median list prices for residential listings are holding just under $1M after posting a dip in March of last year. Median land prices have jumped significantly in the past two months. With a limited market size, a handful of high priced residential or land listings can have a significant impact on median prices.