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Inhabit Missoula
2800 S. Reserve St.,
Missoula, MT 59801

Office Phone: (406) 530-9223
Fax: (406) 541-6551

About Inhabit Missoula

We’re proud of our opportunity to offer over 70 years of combined real estate experience to our clients. Our combined families have been in Montana since the early 1900s and are on our 5th generation here in Missoula. We’ve seen our town grow over the years and pay close attention to local issues, trends, and market fluctuations. Missoula has always been our home and we’d like to help make it yours.

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How did Missoula Area Residential Sales in 2012 compare to 2011?

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!

Posted in: Home Buying, Home Selling

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About Inhabit Missoula

We’re proud of our opportunity to offer over 70 years of combined real estate experience to our clients. Our combined families have been in Montana since the early 1900s and are on our 5th generation here in Missoula. We’ve seen our town grow over the years and pay close attention to local issues, trends, and market fluctuations. Missoula has always been our home and we’d like to help make it yours.

Sincerely,
Lorin Peterson, Real Estate Broker

About Inhabit Missoula

We’re proud of our opportunity to offer over 70 years of combined real estate experience to our clients. Our combined families have been in Montana since the early 1900s and are on our 5th generation here in Missoula. We’ve seen our town grow over the years and pay close attention to local issues, trends, and market fluctuations. Missoula has always been our home and we’d like to help make it yours.

Sincerely,
Lorin Peterson, Real Estate Broker

Contact Us

Inhabit Missoula
2800 S. Reserve St.,
Missoula, MT 59801

Office Phone: (406) 530-9223
Fax: (406) 541-6551

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