Bitterroot Land Update - June 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
Ravalli County Monthly Market <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on Market is up 184% in <strong>June</strong><br />
and down 1% year to date.<br />
New Listings are up 77%<br />
Closed Sales are up 63%<br />
The Average Sales Price is up 107% in <strong>June</strong> and up 23%<br />
year to date<br />
<br />
91% of the Original Listing Price is received at closing<br />
514 North 1st Street Hamilton, MT 59840<br />
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252<br />
5505 Eagle Court, Suite B Florence, MT 59833<br />
Office: (406) 273-7777| Fax: (406) 532-9677<br />
WWW.ERALAMBROS.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>June</strong> <strong>2018</strong><br />
Ravalli<br />
County<br />
+77% +63% +184%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on Market<br />
<strong>Land</strong><br />
<strong>June</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 39 69 +77% 270 264 -2%<br />
Closed Sales 16 26 +63% 91 114 +25%<br />
Median Sales Price $64K $97K +52% $63K $80K +27%<br />
Average Sales Price $71K $147K +107% $92K $113K +23%<br />
Avg. % of Original List Price Received 94% 91% -3% 88% 90% +2%<br />
Average Days on Market Until Sale 207 587 +184% 369 366 -1%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
80<br />
50<br />
60<br />
40<br />
40<br />
20<br />
30<br />
20<br />
10<br />
0<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 />
$200,000<br />
800<br />
$150,000<br />
600<br />
$100,000<br />
400<br />
$50,000<br />
200<br />
$0<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 06/30/<strong>2018</strong>.
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