ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
LAND
The average number of Days on Market is down 33% in
November and up 13% year to date
New Listings are up 15%
Closed Sales are down 43%
The Average Sales Price is up 17% and down 12% year to
date
89% 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
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Local Market Update|November 2017
Ravalli
County
+15% -43% -33%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
November
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 33 38 +15% 410 464 +13%
Closed Sales 14 8 -43% 124 178 +44%
Median Sales Price $88K $103K +17% $75K $67K -11%
Average Sales Price $115K $134K +17% $106K $93K -12%
Avg. % of Original List Price Received 93% 89% -4% 89% 87% -2%
Average Days on Market Until Sale 317 211 -33% 289 327 +13%
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
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 11/01/2017 through 11/30/2017.
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