Page 36 - Flathead Beacon // 11.4.15

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NOVEMBER 4, 2015 // FLATHEADBEACON.COM
KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
CONVENTIONAL THOUGHT IS THAT the best time to market residential properties is in the spring and sum- mer. This chart shows the last ve years his- tory of the relationship between new listings and sales on a monthly basis. Over the last six years there hve been 15,799 new residential listing in Flathead County and 7,717 sales which represents 48.8 percent of the new list- ings are sold. Over that same six year period the numbers show that show that between 34.4 percent and 37.9 percent of new listing sell in the rst ve months. In June the per- centage of sales starts to increase, then the largest percentage sell in December.
What these numbers suggest is that the best time to have your home on the market is during the fall when many listings are expir- ing. If you really want to sell, then plan to put up with the hassle of having it on the market during the holiday season.
2500 2000 1500 1000 500 0
MONTHLY PERCENTAGE OF NEW LISTINGS SOLD
1030 1142
%
37.9 37.4%
37.6%
44.7%
1056
77.7%
788
74.9%
702
577
Jim was born and raised in Western Montana where his family was in the timber industry in Condon, Seeley Lake and Helena. After graduating from the University of Montana’s business school in 1975, he worked in the banking industry in Missoula, then moved to Kalispell in 1977 as a sta appraiser for First Federal Saving Bank (now Glacier Bank). In 1981 he started Kelley Appraisal and has since built an extensive data base of economic and real estate-related data on northwestern Montana. Over the last 15 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. When not in the o ce you can nd him racing sailboats on Flathead Lake, supporting the University of Montana Grizzlies or taking advan- tage of the Flathead’s outdoor recreational opportunities.
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1512
1336
% 61.8 47.9 %
37% 34.4%
68.5% 85.3%
1894
2085 1993
1684
MONTHLY TOTAL LISTINGS PERCENTAGE OF LISTINGS SOLD
JAN FEB MAR APR MAY JUN JULY AUG SEPT OCT NOV DEC
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