EOY Bitterroot Land Update - 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
• The average number of Days on Market went up 12% in<br />
<strong>2018</strong><br />
• New Listings were up 3%<br />
• Closed Sales were up 18%<br />
ERA Lambros<br />
<strong>Bitterroot</strong> Valley Monthly Market <strong>Update</strong><br />
<strong>Land</strong><br />
2017 vs. <strong>2018</strong> Year End <strong>Update</strong><br />
• The Average Sales Price went up 41%<br />
• 89% of the Original Listing Price was received at closing<br />
in <strong>2018</strong><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
Local Market <strong>Update</strong>|2017 - <strong>2018</strong><br />
<strong>Bitterroot</strong><br />
Valley<br />
<strong>Land</strong><br />
+3% +18% +41%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
2017 <strong>2018</strong> +/-<br />
New Listings 477 489 +3%<br />
Closed Sales 195 230 +18%<br />
Median Sales Price $69K $84K +22%<br />
Average Sales Price $93K $131K +41%<br />
Avg. % of Original List Price Received 88% 89% +1%<br />
Average Days on Market Until Sale 330 369 +12%<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 />
30<br />
20<br />
20<br />
10<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 />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$250,000<br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Bitterroot</strong> Board of REALTORS®, Inc. for the period of 01/01/2017 through 12/31/<strong>2018</strong>.
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