ERA LAMBROS LOCAL MARKET UPDATE
OFFERED AT $ 1,599,000
2419 Mullan Road, Missoula, MT 59808
ERA Lambros
Missoula County Monthly Market Update
Commercial
2016 vs. 2017 Year End Update
The average number of Days on Market was down 11%
New Listings increased by 5%
Pending Sales increased by 2%
Closed Sales increased by 4%
The Average Sales Price increased by 33%
91% of the Original Listing Price was received at closing
in 2017
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|2016 - 2017
Missoula
County
Commercial
+5% +4% +33%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
2016 - 2017
2016 2017 +/-
New Listings 132 138 +5%
Pending Sales 56 57 +2%
Closed Sales 57 59 +4%
Median Sales Price $370K $485K +31%
Average Sales Price $565K $753K +33%
Avg. % of Original List Price Received 88% 91% +3%
Average Days on Market Until Sale 333 295 -11%
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 01/01/2016 through 12/31/2017.
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