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February 2021 - Missoula County - Commercial

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ERA LAMBROS LOCAL MARKET UPDATE

OFFERED AT $1,000,000

3213-3217 Brooks Street | Missoula, MT

Currently Under Contract

ERA Lambros

Missoula County Monthly Market Update

COMMERCIAL SALES

• The average number of Days on Market is down 10% in

February and down 30% year to date

• New Listings are down 50%

• Closed Sales are up 150%

• The Average Sales Price is down 77% in February and

down 19% year to date

• 94% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

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

WWW.ERALAMBROSCOMMERCIAL.COM


Local Market Update | February 2021

Missoula

County

Commercial Sales

-50% +150% -77%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

February

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings 10 5 -50% 15 11 -27%

Closed Sales 2 5 +150% 12 5 -58%

Median Sales Price $3308K $225K -93% $358K $225K -37%

Average Sales Price $3308K $761K -77% $945K $761K -19%

Avg. % of Original List Price Received 88% 94% +6% 92% 94% +2%

Average Days on Market Until Sale 266 240 -10% 345 240 -30%

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2020 through 2/28/2021.

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