Bitterroot Land Market Update - October 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Ravalli County Monthly Market Update

LAND


The average number of Days on Market is down 30% in

October and up 16% year to date

New Listings are down 3%

Closed Sales are up 53%



The Average Sales Price is down 39% in October and down

11% year to date

78% of the Original Listing Price is received at closing

514 North 1st Street Hamilton, MT 59840

Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252

5505 Eagle Court, Suite B Florence, MT 59833

Office: (406) 273-7777| Fax: (406) 532-9677

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|October 2017

Ravalli

County

-3% +53% -30%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

October

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 35 34 -3% 377 425 +13%

Closed Sales 15 23 +53% 110 171 +55%

Median Sales Price $115K $36K -69% $72K $65K -10%

Average Sales Price $120K $73K -39% $104K $93K -11%

Avg. % of Original List Price Received 91% 78% -13% 89% 89% 0%

Average Days on Market Until Sale 299 209 -30% 286 331 +16%

New Listings

2016 2017

Closed Sales

2016 2017

80

30

60

25

20

40

15

20

10

5

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

Average Sales Price

2016 2017

Average Days on Market

2016 2017

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

1500

1000

500

0

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

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

More magazines by this user
Similar magazines