Bitterroot Land Market Update - August 2018
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
Ravalli County Monthly <strong>Market</strong> <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on <strong>Market</strong> is down 25% in<br />
<strong>August</strong> and down 5% year to date.<br />
New Listings are down 4%<br />
Closed Sales are down 16%<br />
<br />
<br />
The Average Sales Price is up 22 % year to date<br />
92% 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 <strong>Market</strong> <strong>Update</strong> | <strong>August</strong> <strong>2018</strong><br />
Ravalli<br />
County<br />
<strong>Land</strong><br />
-4% -16% +32%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>August</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 45 43 -4% 367 346 -6%<br />
Closed Sales 19 16 -16% 133 350 +163%<br />
Median Sales Price $95K $107K +13% $68K $83K +22%<br />
Average Sales Price $100K $132K +32% $93K $113K +22%<br />
Avg. % of Original List Price Received 85% 92% +7% 88% 90% +2%<br />
Average Days on <strong>Market</strong> Until Sale 418 312 -25% 370 350 -5%<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 <strong>Market</strong><br />
2017 <strong>2018</strong><br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
800<br />
600<br />
400<br />
200<br />
0<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 08/31/<strong>2018</strong>.
Change language