Missoula Commercial Update - June 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $1,585,000

2419 Mullan Road, Missoula, Montana 59808

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES


The average number of Days on Market is up 77% in June

and up 9% year to date

New Listings are down 54%

Closed Sales are down 33%



The Average Sales Price is up 12% year to date

91% 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


Local Market Update | June 2018

Missoula

County

Commercial Sales

-54% -33% +12%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 11 5 -54% 72 70 -3%

Pending Sales 4 6 +50% 28 33 +18%

Closed Sales 3 2 -33% 20 28 +40%

Median Sales Price $195K $397K +104% $589K $568K -4%

Average Sales Price $353K $397K +12% $768K $718K -7%

Avg. % of Original List Price Received 91% 91% 0% 90% 92% +2%

Average Days on Market Until Sale 219 387 +77% 266 291 +9%

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

Average Days on Market

$1,800,000

2017 2018

2017 2018

$1,600,000

$1,400,000

$1,200,000

2500

2000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 01/01/2017 through 06/30/2018.

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