FIRST HALF 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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only.
$1,070,829,853
$1,015,420,307 $1,003,616,899 $952,478,994 $966,449,003
2015
2016
AVERAGE SALES PRICE
2017
2018
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$305,500
$249,845,100
106
-3.00%
$108,000
$ 21,772,095
368
-10.00%
RESIDENTIAL
$339,853
$309,563
$318,274
($293,275)
$271,770
($258,968,088)
(114)
(-3.00%)
$256,333
2016
2015
2017
2018
2019
$186,086
LAND
$179,761
$151,026
($90,000)
$118,624
2015
2016
2017
($18,765,272)
(291)
(-8.00%)
$121,066
2018
2019 2018 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 2015
687
1,246
2016
712 786
2017
785
2018
762
2019
UNITS sold 2015
72
1,171 1,260 1,168
114
2016
116
2017
223 316 277
2018
155
697
ACTIVE listings
2019
117
213 97
2019 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
67%
$400,000 - $599,000
22%
$600,000 - $799,000
4%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
>2%
$1,500,000 - $1,999,000
>1%
$2,000,000 and up
0%
$257,077,472
$268,610,372
$280,740,183
IN MISSOULA COUNTY $210,717,612 $189,044,177
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.
TOTAL GROSS* sales volume
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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only.
$785,677,145 $785,547,515
$711,672,233 $717,976,787 $678,358,232
2015
2016
AVERAGE SALES PRICE
2017
2018
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$304,900
$135,069,646
158
-6.00%
$99,250
$11,563,450
277
-7.00%
RESIDENTIAL
$389,249
$308,606
$322,810
($275,000)
$260,113
(-5.00%)
$258,959
2015
2016
2017
2018
$112,406
LAND
($115,888,937)
(144)
$91,681
2019 $115,634
$91,648
($80,000)
($ 13,151,540)
(287)
(-8.00%)
$73,732
2015
2016
2017
2018
2019 2018 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
LAND
ACTIVE listings
UNITS sold
255
2015
545
255
2016
528
2017
300
2018
359
591
2019
347
2015
38
192
2017
90
214
2018
117
307
117
2016
51
549
ACTIVE listings
2019
100
223 90
2019 closed RESIDENTIAL transactions by price point
Under $199,000
12%
$200,000 - $399,000
61%
$400,000 - $599,000
15%
$600,000 - $799,000
5%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
>1%
$2,000,000 and up
>1%
25% (29%)
$146,633,096
TOTAL GROSS* sales volume
$129,040,477
$69,721,250
2015
$100,830,430
$69,721,250
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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
32
75
2016
37
49
ACTIVE listings 2015
32
2016
31
2017
11 83
2019
56
17
63
2018
47
11
68
2017
45
UNITS sold
24
2018
24
2019
37 44 18
2019 closed RESIDENTIAL transactions by price point
Under $199,000
11%
$200,000 - $399,000
53%
$400,000 - $599,000
30%
$600,000 - $799,000
4%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
25% (29%)
$23,312,419
TOTAL GROSS* sales volume $10,857,501
2015
$14,906,225 $10,739,002
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.
$16,821,625
IN CORVALLIS
CORVALLIS
real estate trends Residential
Land
AVERAGE sales price
$359,857
$312,529
$307,027
$307,068 $131,683
$255,506 $77,868
$75,602
2015
2016
$99,090
$99,558
2017
2018
2019
MEDIAN sales price $310,000 $266,000
$262,500
$275,000
$233,852 $118,950
$102,450 $65,000
$69,000
$72,000
2015
2016
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
145
352
(140) DAYS
(329) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
63 70 87 117
2015
158
2016
156
7 8
2017
183
2018
185
2019
95
UNITS sold 2015
28
2016
33
2017
17
55
2018
25
2019
17
98
ACTIVE listings
50 20
2019 closed RESIDENTIAL transactions by price point
Under $199,000
16%
$200,000 - $399,000
50%
$400,000 - $599,000
19%
$600,000 - $799,000
5%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$42,556,475
$44,387,385
$28,003,830
$14,638,765
2015
$16,958,825
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 $447,316
$304,987 $218,870
$141,650
2015
$232,938
$81,637
2016
$328,475
$86,466
2017
$111,311 $164,992
2018
2019
MEDIAN sales price $284,900
$183,000
$92,500
2015
$258,400
$249,900
$79,000
$84,000
2017
2018
$195,112
$47,767
2016
$93,000
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
169
256
(150) DAYS
(280) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
54
UNITS sold 95
2016
81
60
2017
84
59
2018
82
59
2019
49
2015
10
26
2016
19
32
2017
6
54
ACTIVE listings
4
2018
4
2019
14 7 4
2019 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
81%
$400,000 - $599,000
17%
$600,000 - $799,000
0%
$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%
$17,955,000
$18,136,844
2017
2018
$18,822,067
IN LOLO
$13,986,670
2015
$14,465,366
2016
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.
TOTAL GROSS* sales volume
LOLO
real estate trends Residential
Land
AVERAGE sales price $290,283
$297,912
$311,221
$262,026 $224,549
$206,777
2015
$140,000 $85,583
$89,666
2016
2017
2018
$115,000
2019
MEDIAN sales price $217,000 $75,000
2015
$240,000
$55,000
2016
$262,000
$74,000
2017
$268,900
$282,000
$97,500
$85,000
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
107
443
(93) DAYS
(205) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
560
964
2016
581 638
2017
648
2018
915
922
ACTIVE listings
82
2015
80
2016
997
2019
625
UNITS sold
201
2017
74
156
2018
101
580
445
2019
78
127 57
2019 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
68%
$400,000 - $599,000
22%
$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
$219,185,153 $207,729,852
IN MISSOULA
2015
$170,952,028
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.
$161,265,053
$226,508,641
MISSOULA
real estate trends Residential
Land
AVERAGE sales price $309,584 $262,091
$270,726
$176,755
$170,749
$318,911
$336,185
$210,163 $138,035 $124,065
2015
2016
2017
2018
2019
MEDIAN sales price $297,000
$305,000
$269,000 $236,950
$245,000 $118,000 $94,450
$92,250
$90,000
2016
2017
2018
$105,000
2015
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
101
434
(106) DAYS
(313) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold 133 92
LAND
ACTIVE listings 2015
156
2016
157
2017
73
UNITS sold
111
2018
108
2019
2015
25
85
2017
45 171
105
70
2016
18
139
ACTIVE listings
73
2018
29
67
2019
36
31
2019 closed RESIDENTIAL transactions by price point
Under $199,000
9%
$200,000 - $399,000
79%
$400,000 - $599,000
7%
$600,000 - $799,000
2%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$37,991,942
$37,865,912
2018
2019
IN STEVENSVILLE
$25,413,763
$22,610,536
2015
2016
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 $312,529 $312,529 $77,868
2015
$312,529
$312,529
$312,529
$77,868
2016
$77,868
2017
$77,868
$77,868
2018
2019
MEDIAN sales price $285,000
$223,000
$285,000
$290,000
$70,000
$74,100
2018
2019
$240,000
$47,998
$52,000
2016
2017
$58,750
2015
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
136
300
(152) 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.