So, how did 2011 sales compare to 2010 sales? What neighborhoods had changes in average price? And, what were the average and median prices for different neighborhoods through these years?
The following chart compares homes sold in 2010 to homes sold in 2011 in Missoula. This information was gathered from the Missoula Multiple Listing Service. In many neighborhoods, the average price is less in 2011 than it was in 2010. Keep in mind that there are many variables that could have played a part in these numbers, but they may help us understand our current market a little more.
As always, please call us with any questions! Happy New Year!
| # Sold Homes | Ave. Price | Median Price | Ave. DOM | ||||||||
| 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | ||||
| Downtown | 24 | 29 | $178,742 | $162,510 | $172,000 | $147,500 | 112 | 138 | |||
| North | 28 | 29 | $181,668 | $162,824 | $175,000 | $158,710 | 160 | 107 | |||
| Central | 125 | 97 | $168,579 | $157,761 | $170,000 | $165,000 | 109 | 118 | |||
| University | 22 | 24 | $299,305 | $322,954 | $273,625 | $332,500 | 127 | 123 | |||
| Lewis & Clark / Russell | 48 | 45 | $221,476 | $205,491 | $220,050 | $206,000 | 93 | 103 | |||
| Pattee Canyon / Farviews | 38 | 30 | $304,281 | $283,762 | $285,000 | $269,950 | 109 | 155 | |||
| Rose Park / Slant Street | 31 | 36 | $235,424 | $223,014 | $215,000 | $222,000 | 107 | 104 | |||
| McCormick Park | 29 | 12 | $218,369 | $181,443 | $201,000 | $171,500 | 106 | 102 | |||
| Lower Rattlesnake | 16 | 19 | $263,781 | $240,842 | $258,500 | $220,000 | 107 | 115 | |||
| Upper Rattlesnake | 34 | 40 | $331,605 | $336,612 | $330,000 | $317,450 | 121 | 130 | |||
| South Hills | 89 | 94 | $208,579 | $202,676 | $189,900 | $191,750 | 109 | 124 | |||
| Linda Vista | 55 | 49 | $276,295 | $279,316 | $265,900 | $270,000 | 113 | 132 | |||
| Upper Miller Creek | 15 | 12 | $431,887 | $274,108 | $348,000 | $283,750 | 126 | 131 | |||
| Target Range | 37 | 38 | $261,550 | $221,157 | $252,600 | $208,250 | 117 | 173 | |||
| Big Flat | 16 | 7 | $468,833 | $356,286 | $413,500 | $328,000 | 132 | 176 | |||
| Blue Mountain | 1 | 2 | $270,000 | $427,000 | $270,000 | $427,000 | 194 | 47 | |||
| Mullan Road West | 120 | 121 | $213,112 | $223,569 | $205,000 | $209,000 | 141 | 141 | |||
| Expressway | 54 | 26 | $173,945 | $149,728 | $169,300 | $155,740 | 159 | 114 | |||
| Grant Creek | 18 | 36 | $282,201 | $304,460 | $305,250 | $290,000 | 189 | 117 | |||
| East Missoula / Riverside | 30 | 30 | $199,127 | $198,148 | $177,450 | $174,950 | 132 | 131 | |||
| Bonner / Turah / Clinton | 22 | 24 | $181,944 | $159,921 | $173,500 | $135,500 | 162 | 158 | |||
| Rock Creek | 1 | 2 | $106,000 | $199,500 | $106,000 | $199,500 | 490 | 151 | |||
| “Y” to Lake County Line | 20 | 18 | $237,437 | $239,672 | $227,462 | $217,550 | 188 | 196 | |||