Missoula Land Market Update - October 2017
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly <strong>Market</strong> <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on <strong>Market</strong> is up 45% in<br />
<strong>October</strong> and up 75% year to date<br />
New Listings are up 135%<br />
<br />
<br />
<br />
Closed Sales show no change<br />
The Average Sales Price is up 81% in <strong>October</strong> and down<br />
5% year to date<br />
92% of the Original Listing Price is received at closing<br />
3011 American Way <strong>Missoula</strong>, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local <strong>Market</strong> <strong>Update</strong> | <strong>October</strong> <strong>2017</strong><br />
<strong>Missoula</strong><br />
County<br />
+135% 0% +45%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on <strong>Market</strong><br />
<strong>Land</strong><br />
<strong>October</strong><br />
Year to Date<br />
2016 <strong>2017</strong> +/- 2016 <strong>2017</strong> +/-<br />
New Listings 40 94 +135% 674 584 -13%<br />
Closed Sales 18 18 0% 224 209 -7%<br />
Median Sales Price $93K $113K +22% $88K $86K -2%<br />
Average Sales Price $99K $179K +81% $149K $141K -5%<br />
Avg. % of Original List Price Received 95% 92% -3% 89% 93% +4%<br />
Average Days on <strong>Market</strong> Until Sale 329 478 +45% 350 614 +75%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
200<br />
50<br />
150<br />
40<br />
100<br />
50<br />
30<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2016 <strong>2017</strong><br />
2016 <strong>2017</strong><br />
$300,000<br />
$250,000<br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
1000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 10/01/<strong>2017</strong> through 10/31/<strong>2017</strong>.
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