Skip to main content

Lincoln County Real Estate Activity September 2018

Another month is in the books.  The leaves are turning colors, Football is back on TV and the big box stores have the Christmas Displays out.    It’s hard to believe Thanksgiving and Christmas will be here soon.   The real estate market is also changing.  Sales took a major hit in September.   Here is a quick recap

Total Sales September 2018     55 units

Total Sales September 2017     103 units

Decrease of                               87%

Overall Market Activity Sept 2018

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Months
Supply
Total Sales55
100-199161,38517154,099.002.8
200-299192,16660252,646.004.4
300-399112,72257341,454.009
400-49923,942153437,292.0027
500-59923,62289556,888.0012
600-69932,92755637,521.005
700-79913,83313797,000.0017
800-89900000
900-99915,6908950,0008
1 million00000

Monthly Recap- Sept 2018

          
Jan.FebMarchAprilMayJuneJulyAugustsept
Total Units625694102991299012155
100-199251825322430182616
200-299142024282833182619
300-39916833262326242111
400-4992657131511142
500-5992342811572
600-699012109433
700-799000322341
800-89920021132
900-999100001221
1 million00110114
2 million0000000 0

Sold Market Percentage

Sold Market
Percentage
Jan 18Feb 18March 18April 18
May 18
June 18
July 18
Aug 18
Sept 18
Total Sold
6256 9410299 1299012255
Existing Homes77.5 %73.2%60%82%74% 71% 77%81%80%
New
Construction %
22.5%26.8%40%18%26%29%23%19%20%

Active Market Percentage

Active Market
Percentage
Feb 18March 1stApril 7thMay 7thJune 13thJuly 6thAug 1st. Sept. 2ndOct1stNov 5thDec 6thJan 2nd
Total Active
357341346359379374347362368350319283
Existing Homes60%57.8%60%62%61%62%69%68%65%67%62%60%
New
Construction %
40%42.2%40%38%39%38%31%33%35%33%38%40%

New Construction-Sold Sept 2018

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
Total Sales11
100-1993
1,53730181,667.00
200-2995 1,703492665,676.00
300-3991 2,419139354,000.00
400-49914,3820434,584.00
500-59912,831168518,776.00

New Construction- Active Homes Sept 2018

Qty.Avg. Sqft
Avg.
Sales Price
Total Active129
100-199111,379188,381
200-299291,966269,902.00
300-399532,584347,512.00
400-499303,120438,965.00
500-59913,960549,900.00
600-69923,240624,950.00
700-79923,993779,350.00
3 million16,4733,850,000.00

These numbers are based upon the following criteria

  • Sales Area of only Lincoln County
  • Price range of 100+
  • Does not include mobile homes

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *