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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