EOY Missoula Commercial Update 2017

eralambros

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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