Missoula Commercial Update - July 2018
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ERA LAMBROS LOCAL MARKET UPDATE<br />
OFFERED AT $4,250,000<br />
2425 W. Central Ave., Suite 100, <strong>Missoula</strong>, MT<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market <strong>Update</strong><br />
COMMERCIAL SALES<br />
<br />
The average number of Days on Market is down 55% in<br />
<strong>July</strong> and down 2% year to date<br />
New Listings are up 25%<br />
Closed Sales are up 25%<br />
<br />
<br />
The Average Sales Price is up 15% in <strong>July</strong> and shows no<br />
change year to date<br />
88% of the Original Listing Price is received at closing<br />
3011 American Way <strong>Missoula</strong>, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROSCOMMERCIAL.COM
Local Market <strong>Update</strong> | <strong>July</strong> <strong>2018</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Commercial</strong> Sales<br />
+25% +25% +15%<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 12 15 +25% 84 84 0%<br />
Pending Sales 6 11 +83% 38 44 +16%<br />
Closed Sales 4 5 +25% 20 33 +65%<br />
Median Sales Price $1,107K $1,400K +26% $589K $650K +10%<br />
Average Sales Price $1,083K $1,246K +15% $798K $798K 0%<br />
Avg. % of Original List Price Received 91% 88% -3% 90% 91% +1%<br />
Average Days on Market Until Sale 419 188 -55% 281 276 -2%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
18<br />
10<br />
13<br />
8<br />
6<br />
8<br />
4<br />
3<br />
2<br />
-2<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 />
$2,000,000<br />
2500<br />
$1,500,000<br />
2000<br />
$1,000,000<br />
$500,000<br />
1500<br />
1000<br />
500<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 <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/<strong>2018</strong>.
Change language