Flathead Lake Real Estate - August 2024 Sales

Flathead Lake Real Estate

Despite a slower start to the year with regards to waterfront sales, July and August catapulted the 2024 sales year to surpass 2023 with a total sold volume of just over $84M with four months remaining.

There were four residential waterfront sales posted for the month of August. The adjusted average price per linear foot has edged up to $9,972 for this year-to-date.

Inventory has begun to increase, including some lower priced properties that have stabilized the median prices. We expect this will result in continued increased sales activity as the summer season ends and we head into fall.

August Sales

Pricing and Sales Summary:

Significant Sale

Angel Point

Lakeside, MT

3,925 sf, 2.9 acres, 125 ft of waterfront

List price $5.495M

This exceptional Flathead Lake, lakefront residence embodies family resort-style living at the highest level. Every detail was carefully considered in creating this spectacular legacy property. Amenities include 4 bedroom, 3.5 bath main house, detached guest house, detached gym/studio, custom sauna, hot tub, over 2,300 square feet of deck and covered patio spaces, large covered dock with boat and jet ski lifts, shore-side boat house for lake toys, gentle sloping pebble beach, fire pit area, meticulously landscaped, oversized heated two car detached garage, and separate shop to store all your recreational vehicles. While the layout of the structures and outdoor recreation spaces center around the lake, creating a very private lakefront setting, the property offers 2.9 wooded acres, allowing for additional development or plenty of room to explore. Furnishings, boat and wave runner negotiable.

Active Waterfront Listings

Residential inventory around the lake continues to increase year over year. The 49 residential active listings currently on Flathead Lake represent a 33% increase in listings over this time last year. Median list prices have responded with a drop from $4M in June of 2023 to $3M today.

Waterfront land listings have held relatively flat in both units and median price.

Flathead Lake Condominium Market

With nearly two dozen waterfront condominium communities around Flathead Lake, there has historically been plenty of options for buyers who want the waterfront lifestyle without having to worry about maintaining a lake home. Below is a summary of currently active and sold units so far this year as compared to last year's sales. The condo market has followed the single-family waterfront market to near-record low inventories and increasing prices.