Sales of Flathead Lake waterfront real estate in 2018 broke all-time records for transactions and total volume.
According to a waterfront market report released by David Fetveit of PureWest Real Estate, 2018 saw 75 posted sales for just over $76 million in total volume.
The 2018 numbers include the December sale of Shelter Island estate on Flathead Lake, which featured a 22-acre island property, an 18,000-square-foot mansion and numerous outbuildings. It was listed for $78 million at one point. At the time of sale, the listing had dropped to $13.95 million but the final selling price was not disclosed.
The previous record year for waterfront sales around Flathead Lake was 2004, during which there were 71 transactions with just under $75 million in volume. That year there had been one $13.5 million sale.
Since 2004, the low mark in waterfront transactions was 2009, when total sales registered at around $20 million.
By area, Bigfork sales in dollar volume rose about two and a half times in one year, from $8.5 million in 2017 to more than $21 million in 2018. Property sales in the northwest area encompassing Lakeside, Somers and Rollings also more than doubled in dollar volume, from $14 million in 2017 to almost $31 million in 2018.
By HEIDI GAISER Daily Inter Lake