Winter of 2016-2017 in the Flathead has been deemed ‘epic’ by most locals. Significant snowfall and cold temperatures of this magnitude have not been seen in these parts for 20 years or more. The extreme weather has been a boon for local ski resorts who have enjoyed excellent snow conditions throughout the season.
There were two posted sales for January, both in the Lakeside area. Continued interest in waterfront through the harshest of winters demonstrates the demand for Flathead Lake waterfront properties.
Prices based on a per-waterfront-foot stabilized just over $4,000/ft for the entire lake after adjusting for improvements in the past few years. The two sales in the Lakeside area this year highlight the premium value of the Northwest region of the lake relative to the overall average of the entire lake.
Annual Sales Data:
Active Waterfront Listings
Residential waterfront listings for this month are down from the number of listings for this time last year at 84 listings, down from 98. The number of land listings is up to 36 from 28.
Total listings on the lake historically peak in August and bottom out between January and March. Not many land sales have been posted (only 6 out of 53 sales for last year), so land listings are holding steady while residential listings are down more significantly.
Median list prices for residential listings ticked up to $1.1M for two months, and have settled back to just over the $1M mark. With a higher percentage of properties under the $1M mark selling, the ratio of active listings above this price mark has shifted.
Median land prices have held relatively steady in the $600k range.