EOY Missoula Land Update 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

Land

2016 vs. 2017 Year End Update


The average number of Days on Market increased by

63%

New Listings decreased by 12%

Closed Sales decreased by 8%

The Average Sales Price decreased by 3%


93% 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.ERALAMBROS.COM


Local Market Update|2016 - 2017

Missoula

County

Land

-12% -8% -3%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

2016 - 2017

2016 2017 +/-

New Listings 720 637 -12%

Closed Sales 269 248 -8%

Median Sales Price $88K $90K +2%

Average Sales Price $146K $142K -3%

Avg. % of Original List Price Received 89% 93% +4%

Average Days on Market Until Sale 372 607 +63%

New Listings

2016 2017

Closed Sales

2016 2017

200

50

150

40

100

50

30

20

10

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

Average Days on Market

2016 2017

2016 2017

$300,000

$200,000

1000

800

600

$100,000

400

$0

200

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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