Lincoln County Real Estate Activity May 2019

Another month in the books. Here is quick breakdown of May’s activity.

Sales were up 23% from April 2019

Sales were up 12% from May 2018

Sales of homes in the 300-399 price range increased by 43% from April 2019.

17% of the homes sold above list price

65% of the homes sold below list price

18% of the homes sold at list price.

No change in the number of new homes sold from April to May.

Overall Market Activity May 2019

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Active Homes
on market
Months
Supply
Total Sales113
100-199221,36026158,086231
200-299271,93246232,187.00652.3
300-399302,694127342,633.00832.75
400-499173,41184448,507.00553.2
500-59963,74138536,167.00213.5
600-69963,162143661,167.00152.5
700-79923,884104765,000.00115.5
800-899 13,838347836,000.0033
900-99914,16796900,000.0066
1 million1 3,000 0 1,125,000.0019 19
2 million1
3 million1
6 million1

Monthly Recap-May 2019

Dec 2018Jan. 2019Feb. 2019March 2019April 2019May 2019
Total Units7251728887113
100-199181213202022
200-299221923323127
300-399161118211730
400-49966851117
500-599515446
600-699114506
700-7991032
800-899111
900-9991001
1 million201101
2 million00

Sold Market Percentage-2019

Sold Market
Percentage
Dec 18Jan 2019Feb. 2019March 2019April 2019May 2019June 2019JulyAugustSept
19
Total Sold
725172888711313910510894
Existing Homes72%76.5%76.4%64.80%68%77%77%78%72%81%
New
Construction %
28%23.5%23.6%35.2%32%23%23%22%28%19%

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
Sept
5
Oct
Total Active
283278289318332310316340345348
Existing Homes60%59 %59%63%65%67%65%66%64%62%
New
Construction %
40%41%41%37%35%33%35%34%36%38%

New Construction-Sold May 2019

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
Total Sales26
100-1990000
200-29951,56781232,027.00
300-399142,445157354,694.00
400-49973,312117441,482.00
500-5990000
700-7990000

New Construction- Active Homes May 2019

Qty.Avg. Sqft
Avg.
Sales Price
Total Active109
100-19991,282181,778.00
200-299281,678249,257.00
300-399382,483358,164.00
400-499192,878446,914.00
500-59963,516540,325.00
600-69923,759611,900.00
700-799000
800-899000
1 million13,9571,240,000.00
3 million000

New Home Construction Permit Recap

 JanFebMarchAprilMay June JulyAugSeptOct NovDecTotal
2017NANANANA747391977799`6945
20188362111766283745276605436
2019616977447758606741

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