Libby area real estate update - March 2015
by Guest article by Alice L. Hayes, Loveless Realty
March 8, 2015
The figures of the Current Activity and Past Activity show we are moving forward. The beautiful spring like weather in February has made people begin to think about selling and buying real estate.
In 2014 there was one more Residential SALES than 2013; Land SALES were three less than 2013, and there was one more Commercial SALES than 2013.
We are looking forward to keeping the SALES momentum moving through-out 2015!
2015—How is Lincoln County Real Estate Progressing in the New Year?
January 1, 2015 — March 1, 2015 Current Real Estate Figures:
SALES & PENDINGS
11 Residential SALES:
5 in Libby; 3 in Troy;
3 in Sanders
5 Land SALES:
1 in Libby; 4 in Troy
2 Commercial SALES:
2 in Libby
26 Residential PENDING:
10 in Libby; 6 in Troy; 1 in Yaak; 2 in Flathead; 7 in Sanders
15 Land PENDING:
8 in Libby; 1 in Troy; 1 in Yaak; 1 in Flathead; 4 in Sanders
0 Commercial/M-Family PENDING:
ACTIVE LISTINGS
266 Residential ACTIVES:
102 in Libby; 70 in Troy; 7 in Yaak; 17 in Flathead;
70 in Sanders
378 Land ACTIVES:
128 in Libby; 102 in Troy; 16 in Yaak; 32 in Flathead; 100 in Sanders
37 Commercial ACTIVE:
19 in Libby; 3 in Troy; 3 in Yaak; 2 in Flathead;
10 in Sanders
So How Did Our Market Actually Do? Let’s Compare
January 1-December 31, 2014
157 Residential SOLDS
53 Land SOLDS
8 Commercial SOLDS
January 1-December 31, 2013
156 Residential SOLDS
56 Land SOLDS
7 Commercial SOLDS
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
Interest Rates Remain at ALL Time LOWS. Inventory selections are growing. NOW could be a great time to buy!
As of 3/01/2015 Conforming & FHA Loans:
30-Year Fixed; Interest = 3.25%; APR= 3.99%
5-Year Fixed; Interest = 2.75%; APR=3.67%
Information obtained from Lincoln County MLS.
ALICE L. HAYES, Broker, LLC, ABR, CRS, GRI
JAMES W. HAYES, Sales, "Properties a Specialty"
PHONE: 406-293-8364; 406-293-1926
alice@alicehayes.com
jim@alicehayes.com
Webpage: http://www.alicehayes.com
Loveless Realty - 519 W. 9th - Libby, Montana
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