Missoula Commercial Update - November 2018

eralambros

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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