Lincoln County Real Estate overview
November 2014
by Guest article by Alice L. Hayes, Loveless Realty
November 18, 2014
2014 at a Glance—How Is Lincoln County Real Estate in 2014?
January 1, 2014 – November 1, 2014 current real estate figures:
ACTIVE LISTINGS
298 Residential ACTIVES:
123 in Libby
73 in Troy
8 in Yaak
13 in Flathead
81 in Sanders
414 Land ACTIVES:
152 in Libby
108 in Troy
24 in Yaak
25 in Flathead
105 in Sanders
37 Commercial ACTIVE:
17 in Libby
5 in Troy
3 in Yaak
2 in Flathead
10 in Sanders
January 1, 2014 to November 1, 2014 Current Real Estate Figures:
SALES & PENDINGS
135 Residential SALES:
87 in Libby
26 in Troy
4 in Yaak
3 in Flathead
15 in Sanders
47 Land SALES:
16 in Libby
18 in Troy
4 in Yaak
9 in Sanders
6 Commercial SALES:
4 in Libby
1 in Troy
1 in Sanders
31 Residential PENDING:
10 in Libby
6 in Troy
1 in Yaak
3 in Flathead
11 in Sanders
15 Land PENDING:
7 in Libby
2 in Troy
1 in Yaak
1 in Flathead
4 in Sanders
1 Commercial/M-Family PENDING:
1 in Sanders
The figures of the Current Activity and Past Activity show we are moving forward—not at incredible speeds—but slowly moving ahead. 2013 showed the most residential SALES since 2007. And 2013 showed Land SALES were almost as high as 2008. So far, 2014 has been a busy year with a number of our long-time listings moving to new owners. We are looking forward to keeping the SALES momentum moving through-out 2014! Information obtained from Lincoln County MLS.
So How Did Our Market Actually Do? Let’s Compare
January 1 through December 31, 2013
156 Residential SOLDS
56 Land SOLDS
7 Commercial SOLDS
January 1 through December 31, 2012
120 Residential SOLDS
33 Land SOLDS
6 Commercial SOLDS
January 1 through December 31, 2011
111 Residential SOLDS
37 Land SOLDS
7 Commercial SOLDS
January 1 through December 31, 2010
93 Residential SOLDS
28 Land SOLDS
0 Commercial SOLDS
January 1 through December 31, 2009
82 Residential SOLDS
33 Land SOLDS
6 Commercial SOLDS
January 1 through December 31, 2008
98 Residential SOLDS
67 Land SOLDS
11 Commercial SOLDS
Interest Rates Remain at ALL Time LOWS—
Inventory Selections Are Growing
NOW Could be a Great Time to Buy
As of 11/01/2014 Conforming & FHA Loans:
30- Year Fixed; Interest = 4.06%; APR= 4.13%
15- Year Fixed; Interest = 3.21%; APR=3.34%
ALICE L. HAYES, Broker, LLC, ABR, CRS, GRI
JAMES W. HAYES, Sales, "Properties a Specialty"
PHONE: 406-293-8364; 406-293-1926
Webpage: http://www.alicehayes.com
Loveless Realty - 519 W. 9th - Libby, MT 59923
alice@alicehayes.com
jim@alicehayes.com
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