Missoula Commercial Update - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $980,000

3255 Lt. Moss Road, Missoula, MT 59804

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES


The average number of Days on Market is up 83% in

January 2018.

New Listings are up 113%

Pending Sales are up 25%

Closed Sales are down 50%



The Average Sales Price is down 16% year to date

81% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330

WWW.ERALAMBROSCOMMERCIAL.COM


Local Market Update | January 2018

Missoula

County

Commercial Sales

+113% -50% %

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 8 17 +113% 8 17 +113%

Pending Sales 8 10 +25% 8 10 +25%

Closed Sales 6 3 -50% 6 3 -50%

Median Sales Price $809K $700K -13% $809K $700K -13%

Average Sales Price $907K $761K -16% $907K $761K -16%

Avg. % of Original List Price Received 96% 81% -15% 96% 81% -15%

Average Days on Market Until Sale 355 651 +83% 355 651 +83%

New Listings

2017 2018

Closed Sales

2017 2018

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

Average Days on Market

$1,800,000

$1,600,000

$1,400,000

$1,200,000

$1,000,000

$800,000

$600,000

2017 2018

2500

2000

1500

1000

2017 2018

$400,000

$200,000

$0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 01/01/2017 through 01/01/2018.

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