Bitterroot Land Update - April 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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