Bitterroot Land Update - July 2018
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Local Market <strong>Update</strong> | <strong>July</strong> <strong>2018</strong><br />
Ravalli<br />
County<br />
<strong>Land</strong><br />
-23% -13% +8%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>July</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 47 36 -23% 318 303 -5%<br />
Closed Sales 24 21 -13% 114 138 +21%<br />
Median Sales Price $73K $83K +14% $64K $82K +28%<br />
Average Sales Price $93K $100K +8% $92K $111K +21%<br />
Avg. % of Original List Price Received 91% 94% +3% 89% 90% +1%<br />
Average Days on Market Until Sale 333 313 -6% 362 354 -2%<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 Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><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 />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<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 07/31/<strong>2018</strong>.
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