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EOY Commercial Update - 2019

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ERA LAMBROS LOCAL MARKET UPDATE<br />

OFFERED AT $ 295,000<br />

2829 Great Northern Loop, #101, Missoula, MT 59808<br />

ERA Lambros<br />

Missoula County Monthly Market <strong>Update</strong><br />

<strong>Commercial</strong><br />

2018 vs. <strong>2019</strong> Year End <strong>Update</strong><br />

• The average number of Days on Market was down 25%.<br />

• New Listings were up 13%.<br />

• Pending Sales were down 17%.<br />

• Closed Sales were down 23%.<br />

• The Average Sales Price went down 26%.<br />

• 88% of the Original Listing Price was received at closing<br />

3011 American Way Missoula, MT 59808<br />

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />

WWW.ERALAMBROSCOMMERCIAL.COM


Local Market <strong>Update</strong>|2018 - <strong>2019</strong><br />

Missoula<br />

County<br />

<strong>Commercial</strong><br />

+13% -23% -4%<br />

Change in<br />

New Listings<br />

Change in<br />

Closed Sales<br />

2017 - 2018<br />

Change in<br />

Median Sales<br />

Price<br />

2018 <strong>2019</strong> +/-<br />

New Listings 138 156 +13%<br />

Pending Sales 78 65 -17%<br />

Closed Sales 66 51 -23%<br />

Median Sales Price $497K $475K -4%<br />

Average Sales Price $946K $704K -26%<br />

Avg. % of Original List Price Received 95% 88% -7%<br />

Average Days on Market Until Sale 282 212 -25%<br />

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2018 through 12/31/<strong>2019</strong>.

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