ANNUAL MARKET TRENDS 2019 · Missoula/Bitterroot Valley
CONTENTS
THANK YOU TO OUR CLIENTS 01
Missoula County Real Estate Trends
03
Ravalli County Real Estate Trends
05
Corvallis
07
Hamilton
09
Lolo
11
Missoula
13
Stevensville
15
Our Locations
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
MISSOULA COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$1,535,507,419
$1,529,614,888
$1,510,076,508 $1,449,633,932 $1,458,592,659
2015
2016
AVERAGE SALES PRICE
2017
2018
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$315,500
$603,399,003
101
-3.00%
$105,000
$39,205,244
365
-10.00%
RESIDENTIAL
$347,780 $330,063
$307,052 $283,987
($293,500)
($560,116,734)
(108)
(-3.00%)
$263,996
2015
2016
2017
2018
2019
$180,150
LAND
$170,458
$150,404
($90,000)
$145,831
($39,105,083)
(281)
(-11.00%)
$139,933
2015
2016
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
MISSOULA COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1551
2015
1611
2016
3028
2017
2969
1746
3304
1697
2018
2807
1735
2019
2707
ACTIVE listings 2015
152
1177
2016
268
1376
2017
248
1295
2018
260
1169
2019
230
1049
2019 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
66%
$400,000 - $599,000
23%
$600,000 - $799,000
4%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$570,815,781
$642,604,247
$496,586,133 $436,839,879
2015
2016
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN MISSOULA COUNTY
$599,221,817
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$1,897,244,314 $1,781,590,657 $1,789,449,802
$1,509,022,171
2015
2016
RESIDENTIAL
AVERAGE SALES PRICE
2017
2018
$1,266,167,398
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$310,000
$316,860,837
139
-6.00%
$97,000
$31,592,726
263
-9.00%
$385,945
$341,139 $305,744
($284,000)
$298,163
($249,031,244)
(140)
(-6.00%)
$259,062
2015
2016
2017
2018
2019
$130,963
LAND
$121,547 $121,045
($83,000)
$106,379
($29,990,580)
(295)
(-8.00%)
$92,475
2015
2016
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
575
2796
2017
680
2018
730
2019
821
1709
1553
2017
196
2102
1461
2016
139
2601
ACTIVE listings 2015
84
3079
2016
635
UNITS sold
1442
2018
229
1243
2019
261
1021
2019 closed RESIDENTIAL transactions by price point
Under $199,000
12%
$200,000 - $399,000
59%
$400,000 - $599,000
18%
$600,000 - $799,000
5%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
1%
25% (29%)
TOTAL GROSS* sales volume
$348,453,563 $279,021,824
$211,042,258
$223,601,273
$156,728,473
2015
2016
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN RAVALLI COUNTY
CORVALLIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
78 85
2016
85
2017
335
2019
107
207
263
2017
29
275
294
2016
26
299
ACTIVE listings 2015
22
379
2018
97
UNITS sold
241
2018
34
180
2019
44
128
2019 closed RESIDENTIAL transactions by price point
Under $199,000
11%
$200,000 - $399,000
52%
$400,000 - $599,000
30%
$600,000 - $799,000
3%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
25% (29%)
TOTAL GROSS* sales volume
$45,441,361 $35,918,475
$23,814,851
2015
$26,057,352
2016
$27,839,425
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN CORVALLIS
CORVALLIS
real estate trends Residential
Land
AVERAGE sales price $364,640 $331,171 $280,621
$275,442
$290,156 $146,020
$87,566
2015
$101,721
$109,524
$111,615
2016
2017
2018
2019
MEDIAN sales price
$310,150
$285,000 $249,500
$247,000
$72,000
$69,500
2015
2016
$259,000
$90,000
2017
$105,000
2018
$118,950
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
121
361
(128) DAYS
(303) DAYS
PUREWESTREALESTATE.COM
HAMILTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
165
1082
2016
185
990
2017
217
911
2018
235
2015
22
2016
442
2017
429
397
2018
46
559
ACTIVE listings
23
57
695
2019
243
UNITS sold
334
2019
56
242
2019 closed RESIDENTIAL transactions by price point
Under $199,000
15%
$200,000 - $399,000
55%
$400,000 - $599,000
19%
$600,000 - $799,000
4%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$106,481,085 $87,620,215 $69,153,580
$50,530,271 $40,608,774
2015
2016
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN HAMILTON
HAMILTON
real estate trends Residential
Land
AVERAGE sales price
$410,454
$229,509
$259,634
$294,113
$335,673 $189,936 $120,370
$119,122
$113,545
$93,526
2015
2016
2017
2018
2019
MEDIAN sales price $221,200
$249,000
$263,000
$289,000
$180,000 $88,750
$62,000
$84,500
$96,750
2018
2019
$87,000
2015
2016
2017
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
146
274
(136) DAYS
(279) DAYS
PUREWESTREALESTATE.COM
LOLO
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
124
208
2017
182
111
2018
177
115
2019
172
123
ACTIVE listings 2015
17
245
2016
110
UNITS sold
102
2016
28
108
2017
14 6
2018 2019
11
72 49 40
2019 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
80%
$400,000 - $599,000
15%
$600,000 - $799,000
2%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume IN LOLO
2015
$33,216,014
$32,187,816
2016
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$32,012,220
$39,206,666
$37,310,066
LOLO
real estate trends Residential
Land
AVERAGE sales price
$327,806
$237,712
$149,174
2015
$264,984
$286,633
$290,865
$146,725
$155,000
2017
2018
2016
2019
MEDIAN sales price $228,750
$62,500
$137,182
$108,556
$246,750
$265,500
$268,000
$107,500
$112,000
$305,000
$74,750 $84,000
2015
2016
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
97
205
(88) DAYS
(170) DAYS
PUREWESTREALESTATE.COM
MISSOULA
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1252
2015
1292
2016
2191
1422
2017
2197
1376
2018
2126
1408
2019
2068
2015
157
2381
ACTIVE listings 760
2016
175 152 162
640
2017
581
2018
586
2019
138
553
2019 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
66%
$400,000 - $599,000
25%
$600,000 - $799,000
4%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume IN MISSOULA
2015
$512,655,992
$393,089,750
2016
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$358,553,601
$451,394,547
$475,805,450
MISSOULA
real estate trends Residential
Land
AVERAGE sales price $325,754
$265,273
$282,673
$159,292 $168,357
2015
2016
$302,251
$170,171
2017
2018
2019
$297,220 $239,900
$182,154
$142,067
MEDIAN sales price $256,100
$346,249
$315,000
$268,125
$117,750
$98,500
$90,000
$96,250
$90,000
2015
2016
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
95
459
(102) DAYS
(306) DAYS
PUREWESTREALESTATE.COM
STEVENSVILLE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
166
604
2017
178
2018
214
2019
241
68 74
494 445
471
2016
55
568
ACTIVE listings 2015
51
686
2016
191
UNITS sold
423
2017
334
2018
339
2019
101
305
2019 closed RESIDENTIAL transactions by price point
Under $199,000
8%
$200,000 - $399,000
73%
$400,000 - $599,000
13%
$600,000 - $799,000
4%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$89,955,187
IN STEVENSVILLE
$76,668,030 $57,605,416
$45,137,902
2015
2016
2017
2018
2019
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$65,606,594
STEVENSVILLE
real estate trends Residential
Land
AVERAGE sales price $307,756 $245,952
$84,506
2015
$124,095
2016
$321,336
$332,931
$105,504
$106,785
$96,225
2017
2018
2019
$283,321
MEDIAN sales price $261,000
$267,450
$286,700
$305,000
$220,000 $59,000
$60,000
$58,875
2015
2016
2017
$71,000
$74,250
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
119
227
(148) DAYS
(327) DAYS
PUREWESTREALESTATE.COM
LOCATIONS Missoula 101 Railroad Street West Missoula, MT 59802 406.541.4000
Hamilton 140 Cherry Street, #101 Hamilton, MT 59840 406.363.9800
WWW.PUREWESTREALESTATE.COM The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.