Lincoln County Real Estate
2013 at a glance—how is the market doing?
by Alice Hayes, Loveless Realty
August 14, 2013
The figures of the current activity and the past activity show that we are moving forward—not at in-credible speeds, but slowly moving forward. 2012 residential sales are the highest number since 2011. 2012 land sales are the same as 2009, and a little below 2011. 2012 commercial/multi-family sales are the same as 2009, better than 2010, and 1 less than 2011. Looks like we are on the "Up-Swing" in sales. If we keep up this pace, our SOLD figures will exceed the sales figures of the last several years.
January 1, 2013 – August 1, 2013
Current Real Estate figures:
SALES & PENDINGS
71 Residential
35 in Libby; Yaak; Flathead
31 Land
10 in Libby; Yaak;
4 Commercial
1 in Libby; Sanders
28 Residential
14 in Libby; Yaak;
9 Land
6 in Libby; Sanders
2 Commercial/PENDING: Troy
ACTIVE LISTINGS
337 Residential ACTIVES:
161- Libby; 76 - Troy;
20 - Yaak; 74 - Sanders;
6 - Flathead
380 Land ACTIVES:
123 - Libby; 113 - Troy;
22 -Yaak; 106 -Sanders;
16 –Flathead
31 Commercial ACTIVES:
14 in Libby; 8 in Troy;
0 in Yaak; 9 in Sanders
Market Comparison
January 1 – December 31, 2012
120 Residential SOLDS
33 Land SOLDS
6 Commercial SOLDS
January 1 – December 31, 2011
111 Residential SOLDS
37 Land SOLDS
7 Commercial SOLDS
January 1 – December 31, 2010
93 Residential SOLDS
28 Land SOLDS
0 Commercial SOLDS 1/
January 1 – December 31, 2009
82 Residential SOLDS
33 Land SOLDS
6 Commercial SOLDS
January 1 – December 31, 2008
98 Residential SOLDS
67 Land SOLDS
11 Commercial SOLDS
Conforming Loans as of July 30, 2013:
30-Year Fixed: Interest = 4.250%; APR= 4.463%
30-Year Fixed FHA: Interest = 4.125%; APR=4.707%
15-Year Fixed FHA: Interest = 3.625%; APR=4.332%
Information obtained from Lincoln County Multiple Listing Service (MLS)
For more information about Libby and Lincoln County area real estate, contact Team Hayes Realtors, Alice and Jim Hayes at Loveless Realty, 519 W. 9th in Libby, Montana, www.alicehayes.com, alice@alicehayes.com, jim@alicehayes.com.
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