FIRST HALF MARKET TRENDS 2020 · 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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
HISTORICAL active listing volume Residential and Land only.
$1,003,616,899
$1,015,420,307
$966,449,003 $952,478,994
$908,290,642
2016
2017
AVERAGE SALES PRICE
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$326,500
$296,047,691
111
-2.00%
$105,000
$26,257,031
413
-9.00%
RESIDENTIAL
$362,804 $339,853
$309,563
$318,274
($305,500)
(106)
(-3.00%)
$271,770
2016
2017
2018
2019
$186,086
LAND
($249,845,100)
2020
$191,657
$151,026
($108,000)
$118,624
2016
2017
($21,772,095)
(368)
(-10.00%)
$121,066
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
MISSOULA COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
687
2,013
2017
712 786
2018
785
2019
1,785 1,709
114
2017
116
2018
1,137 988 877
2019
155
1,460
ACTIVE listings 2016
72
1,966
2020
816
UNITS sold
2020
117
848 641
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
66%
$400,000 - $599,000
21%
$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
$322,304,722
IN MISSOULA COUNTY
$280,740,183
$210,717,612
2016
2017
2018
2019
2020
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.
$257,077,472
$268,610,372
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
HISTORICAL active listing volume Residential and Land only.
$785,677,145
$785,547,515
$711,672,233
$727,639,442 $717,976,787
2016
2017
RESIDENTIAL
AVERAGE SALES PRICE $389,249
$308,606
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$325,000
$132,328,713
141
-4.00%
$120,000
$22,683,662
250
-10.00%
$395,011
$322,810
($304,900)
($135,069,646)
(158)
(-6.00%)
$258,959
2016
2017
2018
2019
2020
LAND
$156,439
$112,406 $115,634
($99,250)
$91,648
($11,563,450)
(277)
(-7.00%)
$73,732
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold 255 300
LAND
ACTIVE listings 2016
2,010
2017
359
2018
347
2019
355
2020
UNITS sold 51
1,780
90
1,498 1,155 853
ACTIVE listings 2016
1,250
2017
117
2018
100
2019
1,085 956 768
2020
145
622
2020 closed RESIDENTIAL transactions by price point
Under $199,000
10%
$200,000 - $399,000
60%
$400,000 - $599,000
19%
$600,000 - $799,000
6%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$146,633,096
$155,012,375
$129,040,477
$100,830,430 $69,721,250
2016
2017
2018
2019
2020
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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
LAND
RESIDENTIAL UNITS sold 37
ACTIVE listings 2016
UNITS sold 246
45
2017
187
47
2018
191
56
2019
37
11
148
2020
17
102
ACTIVE listings 2016
219
2017
24
2018
24
2019
30
2020
186 140 96 78
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
46%
$400,000 - $599,000
41%
$600,000 - $799,000
5%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
25% (29%)
$23,312,419
TOTAL GROSS* sales volume
$20,104,144
IN CORVALLIS
$16,821,625
$10,739,002
2016
2017
2018
2019
2020
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.
$14,906,225
CORVALLIS
real estate trends Residential
Land
AVERAGE sales price
$412,223
$359,857 $307,027
$307,068
$255,506
$75,602
2016
$99,090
$99,558
2017
2018
$131,683
2019
$161,730
2020
MEDIAN sales price $387,500
$233,852
$266,000
$69,000
$72,000
2016
2017
$275,000
$310,000
$102,450
$118,950
$123,500
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
105
277
(145) DAYS
(352) DAYS
PUREWESTREALESTATE.COM
HAMILTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
LAND
RESIDENTIAL UNITS sold
UNITS sold
ACTIVE listings 2016
70
2017
87
2020
112
17
368 320
28
2016
354
2017
330
2018
25
504
2019
95
17
640
2018
117
8
718
ACTIVE listings
2019 2020
292 197 143
2020 closed RESIDENTIAL transactions by price point
Under $199,000
17%
$200,000 - $399,000
63%
$400,000 - $599,000
6%
$600,000 - $799,000
8%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$49,162,949 $42,556,475
$44,387,385
$28,003,830 $16,958,825
2016
2017
2018
2019
2020
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 $304,987
$328,475
$347,316
$232,938
$386,870
$208,339 $164,992
$81,637
$86,466 $111,311
2016
2017
2018
2019
2020
MEDIAN sales price $284,900
$258,400
$249,900
$79,000
$84,000
$93,000
2017
2018
2019
$279,900
$195,112
$47,767
2016
$117,500
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
145
302
(169) DAYS
(256) DAYS
PUREWESTREALESTATE.COM
LOLO
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
LAND
RESIDENTIAL UNITS sold
ACTIVE listings 2016
49 60
2017
59
2018
59
2019
ACTIVE listings 2016
19
138 122 108 115
2020
63
UNITS sold
101
6
2017
4
2018
4
2019
5
2020
89 64 39 30 15
2020 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
75%
$400,000 - $599,000
22%
$600,000 - $799,000
2%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume $17,955,000
$18,136,844
2017
2018
$18,822,067
$14,465,366
2016
2019
2020
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 LOLO
$22,423,739
LOLO
real estate trends Residential
Land
AVERAGE sales price $262,026
$290,283
$297,912
$140,000 $85,583
$89,666
2016
2017
2018
$311,221
$115,000
2019
$349,712
$78,300
2020
MEDIAN sales price $240,000
$262,000
$55,000
$74,000
2016
2017
$268,900
$282,000
$97,500
$85,000
2018
2019
$323,000
$60,000
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
93
264
(107) DAYS
(443) DAYS
PUREWESTREALESTATE.COM
MISSOULA
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
581
1,435
2017
638
1,311
2019
625
2020
643
74 101
1,252 1,075
ACTIVE listings 2016
80
1,383
2018
648
UNITS sold
540
2017
389
2018
388
78
2019
65
2020
432 316
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
67%
$400,000 - $599,000
21%
$600,000 - $799,000
4%
$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 MISSOULA
$248,627,321 $226,508,641
$170,952,028
2016
2017
2018
2019
2020
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.
$207,729,852
$219,185,153
MISSOULA
real estate trends Residential
Land
AVERAGE sales price $309,584
$318,911
$336,185 $361,447
$270,726 $210,163 $170,749
$249,488
$138,035 $124,065
2016
2017
2018
2019
2020
MEDIAN sales price $245,000
$269,000
$297,000
$94,450
$92,250
$90,000
2016
2017
2018
$305,000
$327,930
$118,000
$125,000
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
93
264
(101) DAYS
(434) DAYS
PUREWESTREALESTATE.COM
STEVENSVILLE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
LAND
RESIDENTIAL UNITS sold 2016
92
429
2017
73 111
2018
108
2019
18
284 202
2016
351 262
2018
29
329
ACTIVE listings 2017
45
379
2020
93
UNITS sold
ACTIVE listings
36
2019
37
2020
251 225 150
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
67%
$400,000 - $599,000
24%
$600,000 - $799,000
2%
$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
$37,991,942
$37,865,912
$38,866,220
2018
2019
2020
IN STEVENSVILLE
2016
$25,413,763
2017
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.
$25,222,970
STEVENSVILLE
real estate trends Residential
Land
AVERAGE sales price $306,710
$320,889
$318,875
$61,971
$67,198
$81,834
$95,204
2016
2017
2018
2019
$262,037
$361,413
$142,022
2020
MEDIAN sales price $285,000
$285,000
$290,000
$47,998
$52,000
$70,000
$74,100
2016
2017
2018
2019
$240,000
$335,000
$113,450
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
115
227
(136) DAYS
(284) 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.