EOY Missoula Commercial Update 2017
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ERA LAMBROS LOCAL MARKET UPDATE<br />
OFFERED AT $ 1,599,000<br />
2419 Mullan Road, <strong>Missoula</strong>, MT 59808<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market <strong>Update</strong><br />
<strong>Commercial</strong><br />
2016 vs. <strong>2017</strong> Year End <strong>Update</strong><br />
The average number of Days on Market was down 11%<br />
New Listings increased by 5%<br />
Pending Sales increased by 2%<br />
Closed Sales increased by 4%<br />
The Average Sales Price increased by 33%<br />
<br />
91% of the Original Listing Price was received at closing<br />
in <strong>2017</strong><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.ERALAMBROSCOMMERCIAL.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 Market <strong>Update</strong>|2016 - <strong>2017</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Commercial</strong><br />
+5% +4% +33%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
2016 - <strong>2017</strong><br />
2016 <strong>2017</strong> +/-<br />
New Listings 132 138 +5%<br />
Pending Sales 56 57 +2%<br />
Closed Sales 57 59 +4%<br />
Median Sales Price $370K $485K +31%<br />
Average Sales Price $565K $753K +33%<br />
Avg. % of Original List Price Received 88% 91% +3%<br />
Average Days on Market Until Sale 333 295 -11%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
18<br />
10<br />
13<br />
8<br />
6<br />
8<br />
4<br />
3<br />
2<br />
-2<br />
Jan Feb Mar Apr May Jun<br />
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 />
2016 <strong>2017</strong><br />
Average Days on Market<br />
2016 <strong>2017</strong><br />
$2,000,000<br />
2500<br />
$1,500,000<br />
2000<br />
$1,000,000<br />
$500,000<br />
$0<br />
1500<br />
1000<br />
500<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 01/01/2016 through 12/31/<strong>2017</strong>.
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