Lincoln County Real Estate Recap-August 2019

Sales were flat from July 2019 to August 2019. A seasonal slow down in sales was expected. Unfortunately, there is an over all downward trend in sales.

Compared to August 2018 sales are down 11%.

Compared to August 2017 sales are down 19%.

55% of the homes sold below list price

23% of the homes sold at list price

22% of the homes sold above list price.

Overall Market Activity August 2019

 QtyAvg
Sqft
Avg
DOM
Avg.
Sales Price
Active Homes
on market
Months
Supply
Total Sales108
100-199221,43035156,660.00251.1
200-299221,96846251,752.00753.5
300-399302,77569345,864.001063.5
400-499193,11070449,490.00542.8
500-59963,39838530,000.00305
600-69933,22359648,000.00144.6
700-79914,2628715,000.0088
800-899 2 2,906 181 855,000.00 7 3.5
900-999 2 3,603 1.5 919,000.00 3 1.2
1 million14,7771261,612,500.001919
2 million3
3 million
6 million 1

Monthly Recap-August 2019

Dec 2018Jan. 2019Feb. 2019March 2019April 2019May 2019June 2019JulyAugust
Total Units7251728887113139105108
100-199181213202022281722
200-299221923323127463422
300-399161118211730272430
400-49966851117161419
500-5995154461046
600-699114506463
700-7991032231
800-89911122
900-999100122
1 million201101131
2 million00
3 million1

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%

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New Construction-Sold August 2019

 Qty
Avg
Sqft
Avg
DOM
Avg.
Sales Price
Total Sales30
100-19911,344210195,000.00
200-29951,844110257,560.00
300-399132,67437343,579.00
400-49992,885108439,256.00
500-59913,54337520,000.00
600-6990000
800-8990000
900-99913,1400920,000.00

New Construction- Active Homes August 2019

Qty.Avg. Sqft
Avg.
Sales Price
Total Active125
100-19941,347175,225.00
200-299371,610261,688.00
300-399532,466360,790.00
400-499202,669441,892.00
500-59983,506549,139.00
600-69923,428614,450.00
700-799000
800-899000
1 million13,9571,240,000.00
3 million000

New Home Construction Permit Recap

 JanFebMarchAprilMay June JulyAugSeptOct NovDecTotal
2017NANANANA747391977799`6945
20188362111766283745276605436
201961697744775860674158

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