Flathead Lake Real Estate Sales
Flathead Lake is enjoying another glorious summer. A cooler, wet June broke into over a month of sunshine starting on the 4th of July. While fire danger is high; the smoke and fires have had a minimal impact on the Flathead this year.
There were four reported sales for the month of July, two each in Polson and Dayton. Waterfront sales typically dip in the month of July with another run of closings expected to take place August through October.
With 30 transactions totaling over $20M for the year so far, the market is trailing last year’s numbers at the same time with $22M in sales with 31 transactions. There has been increased activity reported by all waterfront brokerages, and the market is ultimately expected to outperform last year.
Cedar Hills Ln – Dayton
Premium stretch of Flathead Lake shoreline (204 ft) with perfectly planned medley of living space. With a true cottage feel, there is a 2 bedroom main house with covered deck right at water’s edge. The hot tub has a perfect front row view of the waterfront to watch your guests play at the lake or boating in to moor at the large dock. The boathouse not only houses your boat, but also features 2 guest bedrooms where you can hear the water lapping. Back from the main house is a 2 bedroom guest cottage with mini kitchen and bath. A south facing deck enjoys the expansive lawn and lake views. Lastly all can come to the Rec Room for evening games or work out in the extensive exercise studio. Finish the night by the lakefront fire as you view Wild Horse Island and Mission Mountains.
Prices based on a per-waterfront-foot have continued to increase to over $4,000/ft for the entire lake after adjusting for improvements in the past few years. This year’s average to date has dipped below this $4,000 mark, but it is expected to recover to last year’s mark by the end of the year.
Annual Sales Data:
Active Waterfront Listings
Residential waterfront listings for this month up compared to the inventory at this time last year (132 listings vs 120). The number of land listings has decreased from 42 to 39. Total listings on the lake historically peak in August and bottom out between January and March.
Median list prices for residential listings rose dramatically over the winter months fueled by a record low inventory. Prices peaked at $1.45M in February, dropping back below $1.3M in April due to new listings coming on the market.
Median waterfront land prices also rose during the colder months to the $800k range due to the lower inventory and have settled back to just over $600k.