Bitterroot Land Update - April 2018
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Local Market <strong>Update</strong> | <strong>April</strong> <strong>2018</strong><br />
Ravalli<br />
County<br />
<strong>Land</strong><br />
-12% +21% +51%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>April</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 50 44 -12% 173 144 -17%<br />
Closed Sales 14 17 +21% 45 49 +9%<br />
Median Sales Price $63K $65K +3% $62K $75K +21%<br />
Average Sales Price $73K $110K +51% $107K $121K +13%<br />
Avg. % of Original List Price Received 90% 89% -1% 85% 86% +1%<br />
Average Days on Market Until Sale 490 361 -26% 462 352 -24%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
80<br />
30<br />
60<br />
25<br />
20<br />
40<br />
15<br />
20<br />
10<br />
5<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
2017 <strong>2018</strong><br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 04/30/<strong>2018</strong>.
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