DAVID FETVEIT

Real Estate Broker

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Flathead Lake Real Estate Sales – June 2013

Sold Waterfront Listings

 

Summer has arrived in the Flathead!  With warm weather and a beautiful 4th of July under our belts, the locals are remembering why we survive the long winters, and our seasonal residents are getting their money’s worth.
The Flathead Lake real estate market posted four sales for the month of June, continuing a positive trend for the start of the year.  Our sales trend is ahead of 2012 numbers.  Last year began with 24 sales through the month of June for a volume of $16M compared to 29 sales adding up to over $20M for this year.  The adjusted average price per foot also continued its upward trend.
The brisk activity on waterfront properties earlier in the year has waned somewhat as it typically does in mid-summer, but I expect to see continued strong sales as we go into late summer and fall.
June Sales:
Sold 7-2013
Annual Sales Data:

Frontage Tables 7-2013

 

Active Waterfront Listings 

New listings continued to inch up this month, nearly matching the number of residential waterfront listings on the market at the same time last year.  Land listings are down significantly however, with 16 fewer land listings than last year at this time.

Median home prices ticked up a bit with the new listings coming on for summer. However, I believe waterfront sellers are more realistic about the market value of their properties based on sufficient data provided by comparable sales.  The big question remains if value pricing of waterfront properties will bring the buyers this year as they did in 2012.  Median land prices have flattened out and stabilized with no significant change from last month.

Listings 7-2013

Prices 7-2013

Distressed Residential Waterfront Listings

Below is a list of all of the current residential REO and Short Sale waterfront listings on Flathead Lake.  Please give me a call or send me an email request for additional information on any of these listings.

Most distressed listings are purchased quickly off of the market.  The year over year data is also very telling with regards to the number of available and sold distressed properties on Flathead Lake.

REO Table 7-2013

REO Annualized Table 7-2013