Flathead Lake real estate sales continued strong through November with four more waterfront residential sales posted to MLS during the period, and two waterfront land sales.
Sales volume and transactions are up significantly from last year. At this point in 2011, there had been only 28 transactions and just over $25M in sold volume. We have more than doubled the number of transactions year to date. I expect these trends to continue as long as there are values to be found on waterfront properties.
The adjusted average price per foot ticked into an upward trend over last year for the first time, and mean and median prices ticked up slightly over last month’s report. As inventory continues to be depleted, I expect prices to begin their upward trend.
Annual Sales Data: