Bitterroot Land Update - January 2020
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
Ravalli County Monthly Market <strong>Update</strong><br />
• The average number of Days on Market is down 17% year<br />
to date.<br />
• New Listings are down 29%<br />
• Closed Sales are up 41%<br />
LAND<br />
• The Average Sales Price is up 4% year to date<br />
• 87% of the Original Listing Price is received at closing<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> | <strong>January</strong> <strong>2020</strong><br />
Ravalli<br />
County<br />
<strong>Land</strong><br />
-29% +41% +4%<br />
Change in<br />
New Listings<br />
<strong>January</strong><br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2019 <strong>2020</strong> +/- 2019 <strong>2020</strong> +/-<br />
New Listings 49 35 -29% 49 35 -29%<br />
Closed Sales 17 24 +41% 17 24 +41%<br />
Median Sales Price $110K $88K -20% $110K $88K -20%<br />
Average Sales Price $139K $145K +4% $139K $145K +4%<br />
Avg. % of Original List Price Received 93% 87% -6% 93% 87% -6%<br />
Average Days on Market Until Sale 571 475 -17% 571 475 -17%<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2019 through 1/31/<strong>2020</strong>.
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