Real Estate Recap for Lincoln County- April 2019

Hard to believe that we are four months into 2019. The summer sales season is starting, unfortuantly sales have been less than impresive. Hopefully, it will pick up once school is out.

Quick Hits

Compared to last month sales were flat. There were a total of 87 units sold.

Compared to April 2018 sales for April 2019 were down 14.5%.

New Construction Sales were up from April of 2018.

Big drop in new construction permits.

57% of the homes sold below the listing price.

27% of the homes sold at the listing price.

16% of the homes sold above the listing price

Overall Market Activity April 2019

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Months
Supply
Active Homes
on market
Total Sales87
100-199201,33328149,422.00127
200-299312,13693260,764.002.373
300-399172,581108348,107.00584
400-499112,989212458,510.00665
500-59943,83280545,263.004.7519
600-699
700-79934,27450736,062.0039
800-899 1 5,441 237 825,000.00 77
900-9995
1 million 16
2 million2
3 million1
6 million1

Monthly Recap-April 2019

Dec 2018Jan. 2019Feb. 2019March 2019April 2019
Total Units7251728887
100-1991812132020
200-2992219233231
300-3991611182117
400-499668511
500-59951544
600-69911450
700-799103
800-89911
900-999100
1 million20110
2 million00

Sold Market Percentage-2019

Sold Market
Percentage
Dec 18Jan 2019Feb. 2019March 2019April 2019May 2019June 2019July
Total Sold
7251728887113139105
Existing Homes72%76.5%76.4%64.80%68%77%77%78%
New
Construction %
28%23.5%23.6%35.2%32%23%23%22%

Active Market Percentage- 2019

Active Market
Percentage
Jan 2
2019
Feb 1

2019
March 6
2019
April
1
May
1
June 5th
July 3rdAugust
5
Total Active
283278289318332310316340
Existing Homes60%59 %59%63%65%67%65%66%
New
Construction %
40%41%41%37%35%33%35%34%

New Construction-Sold April 2019

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
Total Sales28
100-1990000
200-299111,93473263,397.00
300-39982,522163353,479.00
400-49962,742250438,519.00
500-59923,79632544,900.00
700-79912,7920743,185.00

New Construction- Active Homes April 2019

Qty.Avg. Sqft
Avg.
Sales Price
Total Active117
100-19971,229180,285.00
200-299311,553253,521.00
300-399412,504352,999.00
400-499262,838444,170.00
500-59953,472544,115.00
600-69933,578617,966.00
700-79914,710799,000.00
800-89912,868821,900.00
1 million13,9571,240,000.00
3 million16,4733,850,000.00

New Home Construction Permit Recap

 JanFebMarchAprilMay June JulyAugSeptOct NovDecTotal
2017NANANANA747391977799`6945
20188362111766283745276605436
201961697744775860

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