Bitterroot Residential Update - January 2018
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
Ravalli County Monthly Market <strong>Update</strong><br />
RESIDENTIAL<br />
<br />
The average number of Days on Market is down 1 % in<br />
<strong>January</strong> <strong>2018</strong><br />
New Listings are up 20%<br />
Closed Sales are up 14%<br />
<br />
<br />
The Average Sales Price is down 39% year to date<br />
94% of the Original Listing Price is received at closing<br />
514 North 1st Street Hamilton, MT 59840<br />
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252<br />
5505 Eagle Court, Suite B Florence, MT 59833<br />
Office: (406) 273-7777| Fax: (406) 532-9677<br />
WWW.ERALAMBROS.COM
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> | <strong>January</strong> <strong>2018</strong><br />
Ravalli<br />
County<br />
<strong>Residential</strong><br />
+20% +14% —39%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>January</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 51 61 +20% 51 61 +20%<br />
Closed Sales 28 32 +14% 28 32 +14%<br />
Median Sales Price $234K $285K +22% $234K $285K +22%<br />
Average Sales Price $500K $307K -39% $500K $307K -39%<br />
Avg. % of Original List Price Received 87% 94% +7% 87% 94% +7%<br />
Average Days on Market Until Sale 187 185 -1% 187 185 -1%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
150<br />
100<br />
100<br />
80<br />
60<br />
50<br />
40<br />
20<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$600,000<br />
$500,000<br />
$400,000<br />
$300,000<br />
$200,000<br />
$100,000<br />
$0<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 01/31/<strong>2018</strong>.
Change language