1st Quarter Waterfront Sales Review (2017)

By The Hollinger Team

Diana, Kellie, Dane, Drew and I have over 85 years of experience in Montana real estate, specializing in waterfront properties. Let’s see what we can find for you.

How did we fare in the first quarter of 2017?

We had a long winter with lots of snow followed by a lot of rain. We are almost at 100% above average for precipitation this year, which affected first quarter activity.

First, on all the lakes combined, there were 10 residential sales this year compared to eight residential sales last year. However, there were only two vacant lot sales this year compared to four last year.

Flathead Lake has 89 residential active listings and 42 vacant active listings. This year in the first quarter there were seven residential sales, zero vacant sales, and four pending sales compared to seven residential sales, two vacant sales, and one pending sale in the first quarter of 2016.

Swan Lake has 12 residential active listings and 10 vacant active listings. This year in the first quarter there were zero residential sales, zero vacant sales, and zero pending sales compared to one residential sale, one vacant sale, and zero pending sales in the first quarter of 2016.

Echo Lake has six residential active listings and three vacant active listings. Neither 2017 nor 2016 saw any residential or vacant sales in the first quarter, but there is one pending sale compared to zero pending sales last year.

Lake Blaine has seven residential active listings and zero vacant active listings. Neither 2017 nor 2016 saw any residential or vacant sales in the first quarter, but there is one pending sale compared to zero pending sales last year.

Out west, the three lakes out there have had some activity, mainly on Ashley Lake.

Ashley Lake has seven residential active listings and four vacant active listings. This year in the first quarter there was one residential sale, two vacant sales, and one pending sale compared to zero residential sales, one vacant sale, and zero pending sales in the first quarter of 2016.

McGregor Lake has three residential active listings and six vacant active listings. Neither 2017 nor 2016 saw any residential or vacant sales in the first quarter, but there is one pending sale compared to zero pending sales last year.

Bitterroot Lakehas seven residential active listings and four vacant active listings. This year in the first quarter there were two residential sales, zero vacant sales, and one pending sale compared to zero residential sales, zero vacant sales, and zero pending sales in the first quarter of 2016.

I’ve talked before about the surge in residential waterfront in Flathead Lake on the condominium sales side. There are 47 active listings right now, four of which have sold compared to eight last year. There is also one pending sale.

If you have any questions or topics you’d like to see covered or you are looking to buy or sell a home, feel free to give me a call or send me an email. I look forward to hearing from you.