Bitterroot Land Update - January 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

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