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.
Change language