ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
LAND
The average number of Days on Market is up 45% in
January 2018
New Listings are up 40%
Closed Sales are up 25%
The Average Sales Price is up 138% year to date
80% of the Original Listing Price is received at closing
514 North 1st Street Hamilton, MT 59840
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252
5505 Eagle Court, Suite B Florence, MT 59833
Office: (406) 273-7777| Fax: (406) 532-9677
WWW.ERALAMBROS.COM
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Local Market Update | January 2018
Ravalli
County
+40% +25% +45%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
January
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 15 21 +40% 15 21 +40%
Closed Sales 12 15 +25% 12 15 +25%
Median Sales Price $57K $89K +56% $57K $89K +56%
Average Sales Price $68K $162K +138% $68K $162K +138%
Avg. % of Original List Price Received 94% 80% -14% 94% 80% -14%
Average Days on Market Until Sale 321 467 +45% 321 467 +45%
New Listings
2017 2018
Closed Sales
2017 2018
80
30
60
25
20
40
15
20
10
5
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
2017 2018
Average Days on Market
2017 2018
$200,000
600
$150,000
$100,000
500
400
300
$50,000
$0
200
100
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 01/31/2018.