Real Estate Market update
by Guest article by Alice Hayes, Team Hayes Realtors LLC
October 19, 2020
How has the Market in the libby area been in 2020?
Real Estate Figures for January 1, 2020 through September 30, 2020
147 Residential SALES: : 99 Libby; 41 Troy; 7 Yaak
73 Land SALES: : 42 Libby; 22 Troy; 9 Yaak
3 Commercial/Multi-Family SALES: : 3 Libby
56 Residential PENDING: : 39 Libby; 17 Troy; 3 Yaak
38 Land PENDING: : 24 Libby; 11 Troy; 3 Yaak
2 Commercial/Multi-Family PENDING:
80 Residential ACTIVES: 37 Libby; 33 Troy; 10 Yaak
147 Land ACTIVES: 83 in Libby; 56 in Troy; 8 in Yaak
17 Commercial/Multi-Fam ACTIVES: 10 Libby; 4 Troy; 3 Yaak
2020 started as a very busy year, and then COVID-19 hit and we were having rather limited physical contact with clients with the majority of our work is being done from home. People are getting more comfortable with wearing masks, maybe gloves, and using hand sanitizer. Is this the ‘new normal’??
We are super busy - and many properties spend very little time on the market before they are ‘snatched up’ - but our inventory is at an all-time low and we are struggling to find suitable homes for our qualified clients. If you have considered selling your home, we would like to visit with you and give you some ideas of what we can offer you. And you never know - we just might have a very qualified buyer ‘waiting in the wings’
Interest rates are truly amazing! Now could be a great time to purchase.
As of 9/30/2020 - Conforming & FHA Loans (per Quicken):
30-Year Fixed: Interest/3.080%; APR/3.300%
15-Year Fixed: Interest/2.590%; APR/2.890%
For more information about Libby area real estate, contact Team Hayes Realtors LLC, 417 Mineral Ave, Suite 1, Mineral Plaza, Libby, Montana.
Office Phone: 406-293-2725
(Alice) 406-293-8364, alice@alicehayes.com
(Jim) 406-293-1926, jim@alicehayes.com
Website: www.teamhayesrealtors.com
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