ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
OFFERED AT $1,500,000
NHN, Business Opportunity
Missoula, MT 59801
Missoula County Monthly Market Update
COMMERCIAL SALES
• The average number of Days on Market is down 12% in
November and down 7% year to date
• New Listings are down 33%
• Closed Sales are up 100%
• The Average Sales Price is down 65% in November and
down 7% year to date
• 96% 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 | November 2018
Missoula
County
Commercial Sales
-33% +100% -65%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
November
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 9 6 -33% 126 128 +2%
Pending Sales 4 8 +100% 54 69 +28%
Closed Sales 5 5 0% 20 58 +190%
Median Sales Price $425K $485K +14% $525K $489K -7%
Average Sales Price $1,215K $420K -65% $782K $727K -7%
Avg. % of Original List Price Received 94% 96% +2% 91% 93% +2%
Average Days on Market Until Sale 211 185 -12% 307 286 -7%
New Listings
Closed Sales
2017 2018
2017 2018
18
16
14
12
10
8
6
4
2
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
10
9
8
7
6
5
4
3
2
1
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average Sales Price
Average Days on Market
$1,800,000
$1,600,000
2017 2018
2500
2017 2018
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000
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 11/30/2018.
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