Missoula Commercial Market Update - October 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $264,900

16670 Old Highway 93 South

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES


The average number of Days on Market is down 36% in

October and down 11% year to date

New Listings are down 6%

Pending Sales are down 33%

Closed Sales are down 43%



The Average Sales Price is up down 22% in October and

up 35% year to date

90% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330

WWW.ERALAMBROSCOMMERCIAL.COM


Local Market Update |October 2017

Missoula

County

Commercial Sales

-6% -43% -22%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

October

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 16 15 -6% 103 101 -2%

Pending Sales 9 6 -33% 48 51 +6%

Closed Sales 7 4 -43% 45 50 +11%

Median Sales Price $305K $418K +37% $350K $528K +51%

Average Sales Price $507K $396K -22% $548K $738K +35%

Avg. % of Original List Price Received 94% 90% -4% 89% 90% +1%

Average Days on Market Until Sale 474 305 -36% 358 317 -11%

New Listings

Closed Sales

2016 2017

2016 2017

18

10

13

8

6

8

4

3

2

0

-2

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Average Sales Price

Average Days on Market

2016 2017

2016 2017

$2,000,000

2500

$1,500,000

2000

$1,000,000

$500,000

1500

1000

500

$0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 10/01/2017 through 10/31/2017.

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