ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
LAND
The average number of Days on Market is down 26% in
April and down 24% year to date.
New Listings are down 12%
Closed Sales are up 21%
The Average Sales Price is up 51% in April and up 13%
year to date
89% 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
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Local Market Update | April 2018
Ravalli
County
Land
-12% +21% +51%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
April
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 50 44 -12% 173 144 -17%
Closed Sales 14 17 +21% 45 49 +9%
Median Sales Price $63K $65K +3% $62K $75K +21%
Average Sales Price $73K $110K +51% $107K $121K +13%
Avg. % of Original List Price Received 90% 89% -1% 85% 86% +1%
Average Days on Market Until Sale 490 361 -26% 462 352 -24%
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 04/30/2018.
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