ERA LAMBROS LOCAL MARKET UPDATE
OFFERED AT $595,000
Lot 4 Moccasin Lane, Missoula, MT 59808
ERA Lambros
Missoula County Monthly Market Update
COMMERCIAL SALES
The average number of Days on Market is down 43% in
April and up 7% year to date
New Listings are down 35%
Pending Sales are down 13%
Closed Sales are down 78%
The Average Sales Price is down 62% and down 18% year
to date
95% 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 | April 2018
Missoula
County
Commercial Sales
-35% -78% %
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
April
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 17 11 -35% 45 57 +27%
Pending Sales 8 7 -13% 27 27 0%
Closed Sales 9 2 -78% 20 19 -5%
Median Sales Price $805K $231K -71% $750K $440K -41%
Average Sales Price $606K $231K -62% $857K $707K -18%
Avg. % of Original List Price Received 89% 95% +6% 90% 91% +1%
Average Days on Market Until Sale 185 105 -43% 294 314 +7%
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 01/01/2016 through 04/30/2018.
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