Waterfront sales of Flathead Lake real estate are trending towards a banner year based on the past several years of depressed sales during the recession. Sales continued at a brisk pace in September with a total of 7 reported sales of residential waterfront on Flathead Lake. There were no reported waterfront land sales. The month’s transactions showed a mix of value buys along with three sizable transactions over $1.3M.
Sales volume and transactions of Flathead Lake real estate are up significantly from last year. At this point in 2011, there had been only 20 transactions and just over $16M in sold volume. We have more than doubled those numbers 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, but at a slower pace.
Annual Sales Data: