Bitterroot Land Update - June 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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