March 2021 - Missoula County Commercial
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ERA LAMBROS LOCAL MARKET UPDATE<br />
OFFERED AT $139,900<br />
2825 Stockard Road #A-13 | <strong>Missoula</strong>, MT<br />
Currently Under Contract Taking Back-up Offers<br />
ERA Lambros<br />
<strong>Missoula</strong> <strong>County</strong> Monthly Market Update<br />
COMMERCIAL SALES<br />
• The average number of Days on Market is down 1 % in<br />
<strong>March</strong> and down 14% year to date<br />
• New Listings are up 34%<br />
• Closed Sales are down 20%<br />
• The Average Sales Price is down 31% in <strong>March</strong> and down<br />
27% year to date<br />
• 76% 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 Update | <strong>March</strong> <strong>2021</strong><br />
<strong>Missoula</strong><br />
<strong>County</strong><br />
<strong>Commercial</strong> Sales<br />
+45% -20% -20%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>March</strong><br />
Year to Date<br />
2020 <strong>2021</strong> +/- 2020 <strong>2021</strong> +/-<br />
New Listings 11 16 +45% 26 27 +4%<br />
Closed Sales 5 4 -20% 17 9 -47%<br />
Median Sales Price $594K $450K -24% $499K $231K -54%<br />
Average Sales Price $665K $458K -31% $863K $626K -27%<br />
Avg. % of Original List Price Received 96% 76% -20% 93% 87% -6%<br />
Average Days on Market Until Sale 405 400 -1% 363 311 -14%<br />
Based on information from the <strong>Missoula</strong> <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2020 through 3/31/<strong>2021</strong>.
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