So, how do sales in 2012 compare to those in 2011 in Missoula? I always find it interesting to look at the year as a whole, compared to the year before. I also think it is interesting to look at each area of Missoula and see where the changes occurred. The following chart shows these changes – some of which I would have guessed and others that surprised me.
| # Sold Homes | Ave. Price | Median Price | Ave. DOM | ||||||||
| 2011 | 2012 | 2011 | 2012 | 2011 | 2012 | 2011 | 2012 | ||||
| Downtown | 29 | 29 | $162,510 | $157,947 | $147,500 | $142,000 | 138 | 97 | |||
| North | 30 | 40 | $164,729 | $150,149 | $162,580 | $151,000 | 105 | 122 | |||
| Central | 99 | 120 | $158,735 | $166,764 | $165,000 | $167,500 | 116 | 150 | |||
| University | 24 | 52 | $322,954 | $344,575 | $332,500 | $325,000 | 123 | 113 | |||
| Lewis & Clark / Russell | 45 | 43 | $205,491 | $214,849 | $206,000 | $195,625 | 103 | 86 | |||
| Pattee Canyon / Farviews | 30 | 48 | $283,762 | $304,460 | $269,950 | $274,500 | 155 | 102 | |||
| Rose Park / Slant Street | 36 | 31 | $223,014 | $213,096 | $222,000 | $216,464 | 104 | 116 | |||
| McCormick Park | 12 | 23 | $181,443 | $218,391 | $171,500 | $195,250 | 102 | 105 | |||
| Lower Rattlesnake | 19 | 20 | $240,842 | $270,820 | $220,000 | $273,750 | 115 | 110 | |||
| Upper Rattlesnake | 40 | 39 | $336,612 | $368,084 | $317,450 | $332,500 | 130 | 162 | |||
| South Hills | 94 | 98 | $202,676 | $210,659 | $191,750 | $201,000 | 124 | 116 | |||
| Linda Vista | 49 | 68 | $279,316 | $282,738 | $270,000 | $293,700 | 132 | 120 | |||
| Upper Miller Creek | 12 | 22 | $274,108 | $303,627 | $283,750 | $285,900 | 131 | 131 | |||
| Target Range | 38 | 54 | $221,157 | $259,318 | $208,250 | $238,026 | 173 | 121 | |||
| Big Flat | 7 | 8 | $356,286 | $355,125 | $328,000 | $319,050 | 176 | 150 | |||
| Blue Mountain | 2 | 3 | $427,000 | $285,000 | $427,000 | $235,000 | 47 | 104 | |||
| Mullan Road West | 121 | 151 | $223,569 | $232,707 | $209,000 | $209,500 | 141 | 129 | |||
| Expressway / N of Broadway | 26 | 52 | $149,728 | $168,288 | $155,740 | $166,250 | 114 | 111 | |||
| Grant Creek | 36 | 25 | $304,460 | $309,016 | $290,000 | $300,000 | 117 | 153 | |||
| East Missoula / Riverside | 30 | 38 | $198,148 | $220,561 | $174,950 | $182,500 | 131 | 133 | |||
| Bonner / Turah / Clinton | 24 | 20 | $159,921 | $303,656 | $135,500 | $202,500 | 158 | 137 | |||
| Rock Creek | 2 | 6 | $199,500 | $333,417 | $199,500 | $216,250 | 151 | 349 | |||
| “Y” to Lake County Line | 18 | 14 | $239,672 | $188,388 | $217,550 | $189,000 | 196 | 134 | |||
Some of the things that stand out to me are that sales in the University area more than doubled, and the average price of the home went up about $22,000, as compared to 2011.
The number of sales in the Lewis & Clark / Russell area actually decreased by a few, but the average sale price increased by just under $10,000.
Sales in the Pattee Canyon / Farviews area also increased by just-under 20 sales, and the average sales price was up about $20,000.
One of the ones that surprised me was the Rose Park / Slant Street area. This area actually had 5 less sales than the year before, and the average sales price was decreased by about $10,000.
The Rattlesnake area (both Upper and Lower) had pretty similar number of sales, as compared to 2011. However, both the Upper and Lower had average sales prices in 2012 of about $30,000 more than 2011.
While these numbers can vary so much due to one sale, I think it is interesting to look at the areas and see what has been happening over the past few years. Things definitely seem to be on a much more positive note!
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