Flathead Lake real estate sales continued strong through October with four more waterfront sales posted to MLS during the period. Once again we saw a mix of value buys and one bank-owned sale.
Sales volume and transactions are up significantly from last year. At this point in 2011, there had been only 25 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 price per foot appears to continue its decline year over year – but 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: