How Is Lincoln County Real Estate in 2016?
by Guest article by Alice Hayes, Loveless Realty
August 17, 2016
2015 was a busy year and showed a number of our long time listings moving to new owners. Right now, housing inventory is pretty ‘picked over’ and inventory selections are low.
January 1, 2016 to August 1, 2016 Current Real Estate figures are:
SALES & PENDINGS:
92 Residential SALES:
57 in Libby
15 in Troy
4 in Yaak
4 in Flathead
12 in Sanders
48 Land SALES:
27 in Libby
7 in Troy
7 in Yaak
4 in Flathead
3 in Sanders
3 Commercial SALES:
2 in Libby
1 in Sanders
44 Residential PENDING:
22 in Libby
11 in Troy
1 in Yaak
3 in Flathead
7 in Sanders
13 Land PENDING:
7 in Libby
1 in Troy
3 in Yaak
1 in Sanders
1 in Flathead
1 Commercial/M-Family PENDING:
1 in Libby
ACTIVE LISTINGS:
225 Residential ACTIVES:
95 in Libby
59 in Troy
13 in Yaak
13 in Flathead
45 in Sanders
283 Land ACTIVES:
99 in Libby
95 in Troy
21 in Yaak
27 in Flathead
41 in Sanders
25 Commercial ACTIVE:
12 in Libby
4 in Troy
1 Yaak
1 in Flathead
7 in Sanders
Information obtained through Lincoln County MLS
"So How Did Our Market Actually Do? Let’s Compare"
January 1 to December 31, 2015:
143 Residential SOLDS: 58 Land SOLDS: 6 Commercial SOLDS
January 1 to December 31,2014:
157 Residential SOLDS: 53 Land SOLDS: 8 Commercial SOLDS
January 1 to December 31, 2012:
120 Residential SOLDS: 33 Land SOLDS: 6 Commercial SOLDS
January 1 to December 31, 2011:
111 Residential SOLDS: 37 Land SOLDS: 7 Commercial SOLDS
January 1 to December 31, 2010:
93 Residential SOLDS: 28 Land SOLDS: 0 Commercial SOLDS
January 1 to December 31, 2009:
82 Residential SOLDS: 33 Land SOLDS: 6 Commercial SOLDS
Interest Rates Remain at ALL Time LOWS
NOW Could be a Great Time to Buy
As of August 1, 2016 Conforming & FHA Loans:
30- Year Fixed; Interest = 3.74%; APR= 3.81%
15- Year Fixed; Interest = 3.01; APR=3.13%
If you’ve given any thoughts to selling your home - we would enjoy visiting with you. There are still some good ‘home selling’ months left in 2016.
Contact information:
Alice Hayes 406-293-8364, alice@alicehayes.com
Jim Hayes 406-293-1926, jim@alicehayes.com
Website: www.alicehayes.com
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