Missoula Commercial Update - September 2020
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
ERA LAMBROS LOCAL MARKET UPDATE<br />
OFFERED AT $2,975,000<br />
3490 South Reserve Street | <strong>Missoula</strong>, MT<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market <strong>Update</strong><br />
COMMERCIAL SALES<br />
• The average number of Days on Market is up 128% in<br />
<strong>September</strong> and up 102% year to date<br />
• New Listings are down 54%<br />
• Closed Sales are down 75%<br />
• The Average Sales Price is down 32% in <strong>September</strong> and<br />
up 28% year to date<br />
• 100% 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 Market <strong>Update</strong> | <strong>September</strong> <strong>2020</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Commercial</strong> Sales<br />
-54% -75% -32%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>September</strong><br />
Year to Date<br />
2019 <strong>2020</strong> +/- 2019 <strong>2020</strong> +/-<br />
New Listings 24 11 -54% 132 98 -26%<br />
Pending Sales 7 7 0% 55 33 -40%<br />
Closed Sales 4 1 -75% 42 32 -24%<br />
Median Sales Price $338K $224K -34% $400K $500K +25%<br />
Average Sales Price $331K $224K -32% $658K $841K +28%<br />
Avg. % of Original List Price Received 53% 100% +47% 85% 90% +5%<br />
Average Days on Market Until Sale 231 526 +128% 170 343 +102%<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2019 through 7/31/<strong>2020</strong>.
Change language