2009
Missoula Montana Real Estate Market Update for February 2009
March 31, 2009 by admin · Leave a Comment
The Missoula Real Estate market enjoyed a burst of activity in late February and early March with a flurry of buyers and many new homes going under contract.
Missoula has also been fortunate that our housing prices have held their value better than many areas of the country. In February, the Median Home Price actually increased significantly from 2008 and the number of sales in the Missoula Urban Area was almost the same.
Residential Market Activity in the Missoula Urban Area
(residential, AND residential with acreage)
| Year | # of Sales | Median Price | Avg Days on Market |
| 2009 | 43 | $ 240,000 | 152 |
| 2008 | 44 | $213,000 | 158 |
| 2007 | 63 | $178,500 | 119 |
| 2006 | 75 | $199,500 | 117 |
| 2005 | 48 | $162,750 | 131 |
| 2004 | 57 | $159,942 | 140 |
| Year | # of Sales | Median Price | Avg Days on Market
|
| 2009 | 78 | $237,550 | 147 |
| 2008 | 99 | $214,000 | 125 |
| 2007 | 131 | $191,815 | 124 |
| 2006 | 151 | $195,000 | 123 |
| 2005 | 117 | $169,900 | 117 |
| 2004 | 120 | $159,971 | 130 |
Sales represent properties that have transferred and the transaction has closed. It is the best reliable indicator of what prices the real estate market will bear.
The national media is beginning to take note that not every market is reflecting the national housing downturn. The New York Times Dragon Hunters buy
singled out Missoula as a ‘stable’ market. And a real estate forecasting service called “Housing Predictor” says “They’ve dodged the bullet in the nation’s housing depression in North Dakota and Montana.”
Data Source: The Missoula Organization of Realtors (R)
For More Information on the Missoula Housing Market & Economy Funny Face buy Skin video
, you can read:
Missoula Real Estate – Rosy Compared to the Rest of the Country
A Breath of Fresh Air – A Positive Outlook for Montana’s Economy
Missoula Predicted to Be in the Top 25 for Housing Real Estate Markets in 2009!
Search Missoula Real Estate For Sale
For local real estate information, contact Kevin and Monica Ray of Access Realty at 406-207-1185.
2009
Missoula Montana Home Sales Report February 27, 2009
The last week or so has produced 23 home sales in Missoula Montana download The Burning Plain . The average price held fairly steady with a $700 dollar decline. The median price rose slightly by about $1,400.
2009 Year to Date:
| HIGH Goal II: Living the Dream ipod | LOW | AVERAGE | MEDIAN | |
| LIST PRICE: | $698,850.00 | $101,900.00 Batman: Gotham Knight rip
|
$269,162.00 | $249,000.00 |
| SOLD PRICE: | $670,000.00 | $95,000.00 | $261,034.00 The Tragedy of Macbeth dvdrip | $237,550.00 |
| DAYS ON MARKET: | 387 | 36 Pulse full movie | 149 | 121 |
2008 January 1st through February 27th:
| 007 On Her Majesty’s Secret Service buy | HIGH | LOW | AVERAGE | MEDIAN |
| LIST PRICE: | $1,695,000.00 17 Again movie download | $31,900.00 Hollywood Hotel divx | $276,587.00 | $221,950.00 |
| SOLD PRICE: | $1,560,000.00 | $1.00 Gods and Generals hd | $257,296.00 | $214,450.00 |
| DAYS ON MARKET: | 924 | 9 Strike aka 7-10 Split download | 126 | 106 Africa: The Serengeti divx
|
There are plenty of signs that the Missoula market is, and will remain, strong compared to much of the country. A recent article projected Missoula as being int the top 25 nationwide housing markets for 2009. Foreclosures are still well below the national average. Call Kevin or Monica with any questions, (406) 207-1185.
Read last weeks update Missoula Montana Home Sales Report February 21, 2009
