How was Libby,Troy,Yaak Real Estate in 2017?
Market Statistics
by Guest article by Alice L. Hayes, Loveless Realty
January 17, 2018
2017 was a very busy year. We were able to help many people move to their new home, move out of their old home, sell their land, or even move to a new town. But, there have been others who are still looking to sell their home or land or looking to buy that ‘just right home’ or ‘perfect piece of land’. We trust 2018 will be their year.
And Inventory – oh my – that is in Short supply. We are looking for properties to offer to buyers. If you’ve ‘toyed’ with the idea of selling – please let us know – and we will be happy to visit with you about what we can do for you.
1/1/2017—12/31/2017 Current RE Figures were:
SALES & PENDINGS:
202 Residential SALES:
150 in Libby
44 in Troy
8 in Yaak
67 Land SALES:
48 in Libby
19 in Troy
5 in Yaak
7 Commercial SALES:
4 in Libby
2 in Troy
1 in Yaak
6 Residential PENDING:
2 in Libby
3 in Troy
1 in Yaak
5 Land PENDING:
3 in Libby
2 in Troy
0 Commercial/M-Family PENDING
ACTIVE LISTINGS:
89 Residential ACTIVES:
39 in Libby
42 in Troy
8 Yaak
195 Land ACTIVES:
106 in Libby
78 in Troy
11 in Yaak
24 Commercial ACTIVE:
21 in Libby
3 in Troy
0 Yaak
What Were the Price Ranges of SOLDS in 2017??
10K - $150,000 = 62 Sales
150K - $250,000 = 20 Sales
250K - $500,000 = 22 Sales
500K - $800,000 = 4 Sales
800K - $1,500,000 = 5
Interest Rates Remain LOW—NOW Could be a Great Time to Purchase
As of 12/31/2017 Conforming & FHA Loans:
30-Year Fixed; Interest = 3.375%; APR = 3.537%
15-Year Fixed; Interest = 2.625%; APR = 2.913%
Information obtained through Montana Regional MLS (MR MLS)
What to Do in the Winter?
Have you checked out the painting classes being offered in Libby? These small fun classes are held at a variety of locations. A couple hours of fun results in your own art work.
For people wanting to walk in a safe environment this winter, the Libby Elementary School offers ‘hall walkers’ Monday through Friday during the hours of 4:30pm to 6:30pm.
Troy has a new ice skating pond with bonfire and fun for all. Located at Roosevelt Park.
Our own ski hill has some pretty amazing conditions – check it out and enjoy a day on Turner. www.skiturner.com
Ice Fishing Derby season begins the week of January 20th.
Alice & Jim - Team Hayes Realtors
Loveless Realty - 519 W. 9th - Libby, MT 59923
Cell #’s:
(Alice) 406-293-8364
(Jim) 406-293-1926
Texts:
(Alice) 406-293-8364
Emails:
alice@alicehayes.com
jim@alicehayes.com
Website:
www.alicehayes.com
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