Missoula Land Market Update - November 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

LAND


The average number of Days on Market is up 48% in

November and up 72% year to date

New Listings are up 30%




Closed Sales show no change.

The Average Sales Price is up 72% in November and down

2% year to date

92% 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.ERALAMBROS.COM


Local Market Update|November 2017

Missoula

County

+30% 0% +48%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

November

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 30 39 +30% 704 623 -12%

Closed Sales 18 18 0% 242 228 -6%

Median Sales Price $81K $116K +43% $88K $90K +2%

Average Sales Price $94K $162K +72% $145K $142K -2%

Avg. % of Original List Price Received 93% 92% -1% 89% 93% +4%

Average Days on Market Until Sale 436 647 +48% 356 614 +72%

New Listings

2016 2017

Closed Sales

2016 2017

200

50

150

40

100

50

30

20

10

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

Average Days on Market

2016 2017

2016 2017

$400,000

1000

$300,000

800

$200,000

600

$100,000

$0

400

200

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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