Seeley Lake Home Sales Down Due to Lack of Inventory

REAL ESTATE TODAY

What a difference a few years and even a few months make in real estate. In January, we talked about the fact that land sales would increase in 2017 due to lack of home inventory. That is certainly occurring, and land sales in Seeley Lake are brisk, especially on Double Arrow Ranch parcels priced under $50,000 as well as creekfront parcels.

As land sales have increased, available home inventory has risen from 40 homes in January to 62 today. There is strong buyer demand for homes under $300,000 as well as lakefront homes and land. Interestingly, sales of State Lease homes and...