Page 44 - Flathead Beacon // 8.31.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
AGOOD INDICATOR OF THE OVERALL
demand for properties is to look at the num-
ber of sales that occur and compare those
sold numbers to the number of new listings that are
coming on the market. There have been 2,029 new
residential listings that have come on the market in
Flathead County in 2016 and a total of 1,015 sales.
This means that 50 percent of the new listings that
came on the market in 2016 have sold. By compar-
ison, in 2015 there were 2791 new listings and 60.1
percent were sold. 60%
Over the last 16 years, the highest percentage was
in 2000 when 1,398 new listings came on the market
and there were 1,400 sales that year. The low was in
2008 when there were 3,548 new residential listings
and only 985 sales, representing 27.8 percent of the 40% new listings.
100 %
98%
100%
80%
89%
PERCENTAGE OF NEW RESIDENTIAL LISTINGS THAT SOLD
Although only 50 percent of new listings have sold in 2016, it should also be noted that over the last six years around 54 percent of the total number of sales have occurred in the second half of the year. If this pattern continues through 2016, it is likely that the percentage of new listing that sell will be in the 55 percent to 60 percent.
33% 28%
60% 61% 62%
56%
52% 52%
38% 39%
60% 55%
% 50
20%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
In 1981, Jim started Kelley Appraisal in Kalispell and has since built an extensive data base of economic and real estate-related data on northwestern Montana. Over the last several years, he has published annual reports on the Flathead Real Estate Market and been a guest speaker on numerous occasions for various groups in the Flathead.
29%
356 Total Panels 337 Sold to date
19 Remaining panels
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AUGUST 31, 2016 // FLATHEADBEACON.COM