Today I’m taking a close look at all the different Waterfront markets. First, we’ll take a look at Flathead Lake. There are a ton of condos selling in this market, which is bringing down the average sale price. In places like Echo and Swan Lake, we’re seeing quite a few sales over that $1 million mark. To get all the latest details on these waterfront markets, watch this short video.
In Flathead Lake, we saw 46 sales in 2017. That’s down from the 52 we saw the year before, but it’s up from the 44 we saw in 2015. The median price in Flathead Lake is up to $689,000 right now and there are seven pending sales on the lake as well. Each of these pending sales is below the $900,000 mark.
In Swan Lake, there were eight home sales this year, up from the five we saw the year before. Echo Lake saw two sales this year, down from the three they had the year before. We’ve seen just one sale on Lake Blaine this year.
Ashley saw a big jump in vacant land sales, Bitterroot saw a big jump in residential home sales, and McGregor stayed pretty flat with four total residential sales. There are 15 vacant land lots in these three areas total, with nine of them being in McGregor.
What’s happening in the waterfront market? Here are the latest numbers.