Missoula Commercial Update - April 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
OFFERED AT $595,000<br />
Lot 4 Moccasin Lane, <strong>Missoula</strong>, MT 59808<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market <strong>Update</strong><br />
COMMERCIAL SALES<br />
<br />
The average number of Days on Market is down 43% in<br />
<strong>April</strong> and up 7% year to date<br />
New Listings are down 35%<br />
Pending Sales are down 13%<br />
Closed Sales are down 78%<br />
<br />
<br />
The Average Sales Price is down 62% and down 18% year<br />
to date<br />
95% of the Original Listing Price is received at closing<br />
3011 American Way <strong>Missoula</strong>, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROSCOMMERCIAL.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong> | <strong>April</strong> <strong>2018</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Commercial</strong> Sales<br />
-35% -78% %<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 17 11 -35% 45 57 +27%<br />
Pending Sales 8 7 -13% 27 27 0%<br />
Closed Sales 9 2 -78% 20 19 -5%<br />
Median Sales Price $805K $231K -71% $750K $440K -41%<br />
Average Sales Price $606K $231K -62% $857K $707K -18%<br />
Avg. % of Original List Price Received 89% 95% +6% 90% 91% +1%<br />
Average Days on Market Until Sale 185 105 -43% 294 314 +7%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
18<br />
10<br />
13<br />
8<br />
6<br />
8<br />
4<br />
3<br />
2<br />
-2<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 />
$2,000,000<br />
2500<br />
$1,500,000<br />
2000<br />
$1,000,000<br />
$500,000<br />
$0<br />
1500<br />
1000<br />
500<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2016 through 04/30/<strong>2018</strong>.
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