Missoula Commercial Update - July 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $4,250,000

2425 W. Central Ave., Suite 100, Missoula, MT

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES


The average number of Days on Market is down 55% in

July and down 2% year to date

New Listings are up 25%

Closed Sales are up 25%



The Average Sales Price is up 15% in July and shows no

change year to date

88% 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 | July 2018

Missoula

County

Commercial Sales

+25% +25% +15%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 12 15 +25% 84 84 0%

Pending Sales 6 11 +83% 38 44 +16%

Closed Sales 4 5 +25% 20 33 +65%

Median Sales Price $1,107K $1,400K +26% $589K $650K +10%

Average Sales Price $1,083K $1,246K +15% $798K $798K 0%

Avg. % of Original List Price Received 91% 88% -3% 90% 91% +1%

Average Days on Market Until Sale 419 188 -55% 281 276 -2%

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

2017 2018

2017 2018

$2,000,000

2500

$1,500,000

2000

$1,000,000

$500,000

1500

1000

500

$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

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/2018.

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