Lincoln County Real Estate Recap-July 2019

The summer sales season has come to a end. I was hoping the level of sales activity seen in June would last thru July. Unfortunately, that did not happen. Here are the highlights

  • Overall sales were down 24% from June
  • Compared to July 2018 sales were up 16%
  • All price ranges showed decreases in sales
  • New construction sales were down 28% from June
  • 25% of the homes sold at list price
  • 60% of the homes sold below list price
  • 15% of the homes sold above list price

Overall Market Activity July 2019

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Active Homes
on market
Months
Supply
Total Sales105
100-199171,28123141,700.00362
200-299342,01543263,447.00832.5
300-399242,737114345,887.00873.6
400-499143,20077439,821.00513.6
500-59943,23160572,475.00276.75
600-69963,583105662,167.001642.6
700-79933,23977727,000.00103
800-899
900-999
1 million3 5,496401,587,667.00165.5
2 million1
3 million
6 million

Monthly Recap-July 2019

Dec 2018Jan. 2019Feb. 2019March 2019April 2019May 2019June 2019July
Total Units7251728887113139105
100-1991812132020222817
200-2992219233231274634
300-3991611182117302724
400-499668511171614
500-599515446104
600-69911450646
700-799103223
800-8991112
900-99910012
1 million20110113
2 million00
3 million1

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 July 2019

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
Total Sales23
100-1990000
200-29971,61391269.449.00
300-39992,695193351,175.00
400-49963,09337440,915.00
500-59913,422155534,900.00
600-6990000
800-8990000

New Home Construction Permit Recap

 JanFebMarchAprilMay June JulyAugSeptOct NovDecTotal
2017NANANANA747391977799`6945
20188362111766283745276605436
201961697744775860

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