Bitterroot Land Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Ravalli County Monthly Market Update

LAND


The average number of Days on Market is down 53% in

March and down 22% year to date.

New Listings are down 9%

Closed Sales are down 40%

The Average Sales Price is down 53% in March and up 4%

year to date


95% 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 | March 2018

Ravalli

County

Land

-9% -40% -53%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 58 53 -9% 123 100 -19%

Closed Sales 15 9 -40% 31 32 +3%

Median Sales Price $50K $75K +50% $57K $76K +33%

Average Sales Price $164K $77K -53% $122K $127K +4%

Avg. % of Original List Price Received 81% 95% +14% 84% 86% +2%

Average Days on Market Until Sale 566 266 -53% 449 348 -22%

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

$150,000

$100,000

$50,000

$0

600

500

400

300

200

100

0

Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 03/31/2018.

More magazines by this user