ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
LAND
The average number of Days on Market is up 184% in June
and down 1% year to date.
New Listings are up 77%
Closed Sales are up 63%
The Average Sales Price is up 107% in June and up 23%
year to date
91% 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
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Local Market Update | June 2018
Ravalli
County
+77% +63% +184%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
June
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 39 69 +77% 270 264 -2%
Closed Sales 16 26 +63% 91 114 +25%
Median Sales Price $64K $97K +52% $63K $80K +27%
Average Sales Price $71K $147K +107% $92K $113K +23%
Avg. % of Original List Price Received 94% 91% -3% 88% 90% +2%
Average Days on Market Until Sale 207 587 +184% 369 366 -1%
New Listings
2017 2018
Closed Sales
2017 2018
80
50
60
40
40
20
30
20
10
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
800
$150,000
600
$100,000
400
$50,000
200
$0
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 06/30/2018.
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