Bitterroot Land Update - February 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
Ravalli County Monthly Market <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on Market is down 44% in<br />
<strong>February</strong> and up 12% year to date<br />
New Listings are down 49%<br />
Closed Sales are up 100%<br />
<br />
<br />
The Average Sales Price is down 5% in <strong>February</strong> and up<br />
79% year to date<br />
96% 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>February</strong> <strong>2018</strong><br />
Ravalli<br />
County<br />
<strong>Land</strong><br />
-49% +100% -5%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>February</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 51 26 -49% 66 47 -29%<br />
Closed Sales 4 8 +100% 16 23 +44%<br />
Median Sales Price $93K $75K -19% $64K $85K +33%<br />
Average Sales Price $125K $119K -5% $82K $147K +79%<br />
Avg. % of Original List Price Received 87% 96% +9% 91% 84% -7%<br />
Average Days on Market Until Sale 389 216 -44% 338 380 +12%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
80<br />
30<br />
60<br />
25<br />
20<br />
40<br />
15<br />
20<br />
10<br />
5<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
2017 <strong>2018</strong><br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
$200,000<br />
600<br />
$150,000<br />
$100,000<br />
500<br />
400<br />
300<br />
$50,000<br />
$0<br />
200<br />
100<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 02/28/<strong>2018</strong>.
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