Missoula Commercial Update - April 2018

eralambros

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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