Missoula Commercial Market Update - January 2019
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly <strong>Market</strong> <strong>Update</strong><br />
COMMERCIAL SALES<br />
• The average number of Days on <strong>Market</strong> is down 89% in<br />
<strong>January</strong><br />
• New Listings are up 6%<br />
• Closed Sales show no change<br />
• The Average Sales Price is down 53% year to date<br />
• 97% 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 <strong>Market</strong> <strong>Update</strong> | <strong>January</strong> <strong>2019</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Commercial</strong> Sales<br />
+6% 0% -53%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>January</strong><br />
Year to Date<br />
2018 <strong>2019</strong> +/- 2018 <strong>2019</strong> +/-<br />
New Listings 17 18 +6% 17 18 +6%<br />
Pending Sales 10 5 -50% 10 5 -50%<br />
Closed Sales 3 3 0% 3 3 0%<br />
Median Sales Price $700K $375K -46% $700K $375K -46%<br />
Average Sales Price $761K $358K -53% $761K $358K -53%<br />
Avg. % of Original List Price Received 81% 97% +16% 81% 97% +16%<br />
Average Days on <strong>Market</strong> Until Sale 651 70 -89% 651 70 -89%<br />
New Listings<br />
Closed Sales<br />
2018 <strong>2019</strong><br />
2018 <strong>2019</strong><br />
18<br />
16<br />
14<br />
12<br />
10<br />
8<br />
6<br />
4<br />
2<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
10<br />
9<br />
8<br />
7<br />
6<br />
5<br />
4<br />
3<br />
2<br />
1<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
$3,000,000<br />
$2,500,000<br />
$2,000,000<br />
2018 <strong>2019</strong><br />
700<br />
600<br />
500<br />
2018 <strong>2019</strong><br />
$1,500,000<br />
$1,000,000<br />
400<br />
300<br />
200<br />
$500,000<br />
100<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 01/01/2018 through 01/31/<strong>2019</strong>.
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