Missoula Commercial Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $469,000

4198 Corporate Way, Unit 5, Missoula, MT 59808

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES


The average number of Days on Market is down 13% in

March and down 1% year to date

New Listings are up 67%


Pending Sales show no change

Closed Sales are up 29%



The Average Sales Price is down 21% in March and down

21% year to date

94% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330

WWW.ERALAMBROSCOMMERCIAL.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | March 2018

Missoula

County

Commercial Sales

+67% +29% -21%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 18 30 +67% 28 46 +64%

Pending Sales 9 9 0% 23 24 +4%

Closed Sales 7 9 +29% 20 17 -15%

Median Sales Price $589K $331K -44% $747K $650K -13%

Average Sales Price $814K $643K -21% $970K $763K -21%

Avg. % of Original List Price Received 89% 94% +5% 90% 91% +1%

Average Days on Market Until Sale 296 258 -13% 343 339 -1%

New Listings

2017 2018

Closed Sales

2017 2018

18

10

13

8

6

8

4

3

2

-2

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

$2,000,000

2500

$1,500,000

2000

$1,000,000

$500,000

$0

1500

1000

500

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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

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