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EOY Missoula Commercial Update 2017

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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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