Real Estate in Libby, Troy & the Yaak
by Guest article by Alice L. Hayes, Loveless Realty
November 9, 2013
The figures of the Current Activity and the Past Activity show that we are moving forward—not at incredible speeds—but slowly moving forward. 2013 Residential sales to date are the highest number since the 144 sales for the entire year of 2007. 2013 Land sales to date are higher than the number for the entire year prior to 2008. 2013 Commercial/Multi-Family sales continue at a slow pace. Looks like we are on the "Up-Swing" in sales. We are looking forward to even better sales numbers throughout 2013.
January 1, 2013 – November 1, 2013 shows current Real Estate figures are:
SALES & PENDINGS
127 Residential SALES: 68 in Libby; 29 in Troy; 5 in Yaak; 24 in Sanders; 1 in Flathead
48 Land SALES: 18 in Libby; 16 in Troy; 3 in Yaak; 11 in Sanders
6 Commercial SALES: 2 in Libby; 3 in Troy; 1 in Sanders
27 Residential PENDING: 16 in Libby; 5 in Troy; 0 in Yaak; 6 in Sanders
10 Land PENDING: 8 in Libby; 1 in Troy; 0 in Yaak; 1 in Sanders
2 Commercial/M-Family PENDING: 1 in Libby; 1 in Sanders
ACTIVE LISTINGS
307 Residential ACTIVES: 140 - Libby; 66 - Troy; 15 - Yaak; 79 - Sanders; 7 - Flathead
373 Land ACTIVES: 120 - Libby; 100 - Troy; 30 -Yaak; 107 -Sanders; 16 –Flathead
36 Commercial ACTIVES: 19 in Libby; 8 in Troy; 2 Flathead; 7 in Sanders
2013 at a Glance—How Is Lincoln County Real Estate in 2013?
So how is our market actually doing? Let’s compare:
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
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
Interest Rates Remain at ALL Time LOWS—
Inventory Selection Offers Many Choices—
NOW Could be a Great Time to Buy!
As of November 1, 2013, Conforming & FHA Loans:
30- Year Fixed; Interest = 4.250%; APR= 4.421%
30- Year Fixed FHA; Interest = 4.125%; APR=5.640%
15- Year Fixed; Interest = 3.375%; APR=3.669%
_________________________________
Alice & Jim – Team Hayes Realtors, www.AliceHayes.com
406-293-8364 or 406-293-1926
Loveless Realty, 519 W. 9th - Libby, Montana
alice@alicehayes.com
jim@alicehayes.com
406-293-8364 or 406-293-1926
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