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Lincoln County Real Estate Recap-February 2019

Good news is that homes sales in February rebounded from January.

Total units sold in February 2019 =72

Total units sold in January 2019= 51

Total units sold in February 2018=56

Quick observations:

  1. Sales increased by 29% from January 2019
  2. Sales increased by 22% from February 2018
  3. Sales increased in all price ranges
  4. The price range of 300-399 saw the greatest increase in sales compared to January 2019. Sales increased by 38%
  5. Days on Market were high. I’m guessing that homes that have been sitting finally sold.
  6. 81% of the homes that sold in February sold below the listing price.
  7. Slight increase in building permits.

Overall Market Activity February 2019

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Months
Supply
Active Homes
on market
Total Sales72
100-199131,37970147,385.002.127
200-299232,09589242,851.002.660
300-399182,595106342,419.004.276
400-49983,79654436,499.00757
500-59954,360228543,000.004.522
600-69943,758202646,125.002.7511
700-7999
800-899 10
900-9997
1 million14,11041,000,000.005

Monthly Recap-February 2019

Dec 2018Jan. 2019Feb. 2019
Total Units725172
100-199181213
200-299221923
300-399161118
400-499668
500-599515
600-699114
700-79910
800-8991
900-99910
1 million201
2 million0

Sold Market Percentage-2019

Sold Market
Percentage
Dec 18Jan 2019Feb. 2019March 2019April 2019May 2019June 2019JulyAugustSept
19
Oct
19
Total Sold
725172888711313910510894103
Existing Homes72%76.5%76.4%64.80%68%77%77%78%72%81%83.5%
New
Construction %
28%23.5%23.6%35.2%32%23%23%22%28%19%16.5%

New Construction-Sold February 2019

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
 
Total Sales17
100-19911,280120176,000.00
200-29931,90791262,467.00
300-39962,723137344,383.00
400-49973,53253430,713.00

New Construction- Active Homes February 2019

Qty.Avg. Sqft
Avg.
Sales Price
Total Active119
100-19971,249171,771.00
200-299231,531247,031.00
300-399432,400349,777.00
400-499322,949439,345.00
500-59993,447539,253.00
600-69933,624649,633.00
700-799
800-89912,868841,900.00
3 million16,4733,850,000.00

New Home Construction Permit Recap

 JanFebMarchAprilMay June JulyAugSeptOct NovDecTotal
2017NANANANA747391977799`6945
20188362111766283745276605436
201961697744775860674158

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