Lincoln County Real Estate Recap November 2018

Here is the real estate recap for Lincoln County for Novermber 2018.

Total sales for the month were 83 units.  This is down 25% from October.  Sales for October 2018 were 104 units.  It is also down from November 2017.  Total units sold in November 2017 were 101 units.

The number of new homes sold in November 2018 were down 50% from November 2017.

Sales for 2018 are continuing to track downward.   From January to November sales are down 15% from the same period of 2017.

Here are the details

Overall Market Activity November 2018

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Months
Supply
Total Sales83
100-199251,59941168,305.001.7
200-299242,14256256,538.003.3
300-399152,82139337,539.006
400-499133,31959437,559.003
500-59923,865100524,500.0011
600-69924,30125635,000.005
700-79913,5226750,000.0011
800-8990000
900-9990 0 0 0 0
1 million14,3771501,025,000.004

Monthly Recap-Nov 2018

            
Jan.FebMarchAprilMayJuneJulyAugustseptOctNov
Total Units62569410299129901215510483
100-1992518253224301826162825
200-2991420242828331826192424
300-399168332623262421113015
400-49926571315111421013
500-599234281157262
600-69901210943322
700-79900032234121
800-899200211321
900-999100001221
1 million001101141
2 million0000000 0

New Construction-Sold Nov. 2018

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
Total Sales17
100-1992
1,5544140,495.00
200-29931,80269252,667.00
300-39933,08968338,698.00
400-49983,48675432,722.00
600-69913,960195535,000.00

New Construction- Active Homes Nov 2018

Qty.Avg. Sqft
Avg.
Sales Price
Total Active119
100-199131,342186,676.00
200-299281,759259,882.00
300-399492,529351,448.00
400-499233,126438,363.00
500-59912,977575,000.00
600-69923,456624,950.00
700-79923,993774,400.00
3 million16,4733,850,000.00

Sold Market Percentage

Sold Market
Percentage
Jan 18Feb 18March 18April 18
May 18
June 18
July 18
Aug 18
Sept 18Oct 18Nov 18Dec 18
Total Sold
6256 9410299 12990122551048372
Existing Homes77.5 %73.2%60%82%74% 71% 77%81%80%75%79%72%
New
Construction %
22.5%26.8%40%18%26%29%23%19%20%25%21%28%

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 Home Construction Permit Recap

 JanFebMarchAprilMay June JulyAugSeptOct NovDecTotal
2017NANANANA747391977799`6945
20188362111766283745276605436
201961697744

 

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