Missoula Commercial Market Update - November 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $3,100,000

5055 North Reserve Street, Missoula, MT 59808

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES


The average number of Days on Market is up 41% in

November and down 5% year to date

New Listings are up 29%

Pending Sales are down 20%

Closed Sales are down 44%



The Average Sales Price is up 40% year to date

94% 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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|November 2017

Missoula

County

Commercial Sales

+29% -44% +98%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

November

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 7 9 +29% 126 126 0%

Pending Sales 5 4 -20% 52 54 +4%

Closed Sales 9 5 -44% 54 55 +2%

Median Sales Price $400K $425K +6% $375K $525K +40%

Average Sales Price $613K $1,215K +98% $559K $782K +40%

Avg. % of Original List Price Received 94% 94% 0% 90% 91% +1%

Average Days on Market Until Sale 150 211 +41% 323 307 -5%

New Listings

2016 2017

Closed Sales

2016 2017

18

10

13

8

6

8

4

3

2

-2

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

$2,000,000

2500

$1,500,000

2000

$1,000,000

$500,000

$0

1500

1000

500

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 11/01/2017 through 11/30/2017.

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