stats: First look at Missoula's 2013 Real Estate stats - 01/20/14 06:58 AM
While we're already just about 3 weeks into the new year I figured it was as good a time as any to give you all an early look at how the residential real estate market in Missoula turned out.  As you'll see in the charts below Missoula has seen continued recovery, which is great.  There are some other mixed signals coming out now and some challenges ahead, I'll touch on those in a bit.
First off, how did Missoula do in 2013?  The quick answer, pretty darn good.  Missoula's residential market saw it's sales figures climb back up over 1000 homes … (18 comments)

stats: Low Inventories Show a Trend - 08/16/13 01:39 AM
Low inventory is a relative term depending on how you're comparing it.  Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area?  In some situations, it's a combination of all of those things.
In any given market, inventories will fluctuate based on area and price range.  The National Association of REALTORS® considers a balanced market to be six months' supply of homes.  If it takes longer than six months to sell, it is thought to be a buyer's market and less than six months, a … (1 comments)

stats: Missoula's first 5 months show continued market recovery - 05/09/13 03:09 AM
I've been keeping an eye on sales volume and trends in the Missoula MLS and I wanted to quickly share some numbers that have stood out to me.  In particular April, which was a huge month for our area.  This is not just sales in the Missoula valley but within our entire MLS.  What we're seeing so far is continued market volume recovery.  The most recent numbers that I've pulled show our reported amount of sales in the MLS puts the greater area at higher volume than this time in 2008 and just under the pace of this time in 2007. … (0 comments)

stats: Missoula's 1st quarter shows continued volume recovery - 04/03/13 03:36 AM
It appears we're seeing more good news that the Missoula residential market is on a steady pace of recovery.  Now that the 1st quarter is in the books I looked back at the amount of sales volume, the median sales price, the impact of REO/Foreclosure sales, and the amount of market supply.  The data shows pretty good news for the most part, continued volume recovery, fewer REO sales, and about as normal of market supply as one could hope for.  This is not without challenges though as we see the median sales prices are down yet again and some segments of … (0 comments)

stats: Neighborhood year-end stats, Mullan Road / Expressway - 01/27/13 07:00 AM
Ahh the Mullan Road area, the fastest growing area of town and the place I call home.  Of course our main attraction out here is "North Reserve" which is full of the typical big-box commercial stores you'd find in towns all across the US.  This area features a school that is bursting at the seams, I've got a daughter in kindergarten there and there are 8 total kindergarten classes this year.  This area features a predominant mix of medium sized planned neighborhoods.
I've also lumped together the larger neighborhoods one finds out Expressway which is north of Broadway and out by … (1 comments)

stats: Neighborhood year-end stats, Rose Park/Slant Streets - 01/25/13 01:19 AM
A little history lesson, as I was always told - who knows maybe it's just a myth.  Missoula used to just be north of the Clark Fork River however as it began to expand a few prominent families moved south of the river and streets/city blocks begun to form.  The Higgins family and Stephens family were two that were early movers, however the construction of their homes did not match up with the standard grid lot and block system.  As I've been told the Stephens family had their home at an angle and the road past their place (which would become … (0 comments)

stats: Neighborhood year-end stats, U-area - 01/25/13 12:59 AM
Alright, lets get these neighborhood-specific reports going for year-end activity.  I've been awfully busy these last few weeks so that's kept me from getting these up sooner.  Over the next few weeks I will post more areas/neighborhoods - also I'll provide numbers from the Bitterroot Valley as well.
So lets start with an area near and dear to my heart, where I grew up, the University Area.  The U-district experienced an explosion of sales compared to 2011.  Sales volume actually doubled (and then some), there were 24 sales in 2011 and in 2012 we saw 52 sales!  That represents an increase … (0 comments)

stats: Missoula Area Stats coming this week. - 01/06/13 12:13 PM
I was hoping to get them together this last week, however we sometimes hit issues with late reporting.  A little preivew for the Missoula area.
 
- A little over 960 sales accounting for just about a 20% volume increase
- A final median sales price close to $210,000 for the market
- A slow new construction rebound
- A big lack of inventory in afforadble ranges
 
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I'll be breaking this down by neighborhood and will do seperate blogs for each and then a summary post which gives a full view of the Missoula market.  The following week … (0 comments)

stats: Get ready! - 12/26/12 12:54 AM
All this week I'll be getting ready to provide year-end stats with segmented data.  I'll be listing some idividual Missoula neighborhoods and Bitterroot towns/areas as well.  For ease of access to the information I'll post them in seperate blogs but I'll also provide a few summary posts with a general overview of each greater area (Missoula and the Bitterroot).
 
I usuall report on sales volume, median sales prices, supply, and average days on market.  If there's anything else you'd like to see in the reports - let me know!
 
- Brint
(0 comments)

stats: My takeaways from attending the NAR convention in Orlando - 11/30/12 06:58 AM
Thanksgiving and just being busy in general interrupted my chain of posts I wanted to do upon my return from the NAR convention in Orlando.  My first part was some overall opinions on some points where I see a disconnect between NAR, the common Realtor, the consumer, and the marketplace.  For this post I’m focusing a little more on what I heard.  The third and final post of this series will involve the more fun aspect of the meetings and being at convention.
 
My trip to Orlando started early as MOR is a member of the Pinnacle Group which is … (0 comments)

stats: Is it the best time to get a steal in Missoula? - 07/26/12 08:12 AM
The other day at the Missoula Organization of Realtors board meeting the discussion came up that a lot of reports you see which show the list price of a home compared to the sales price isn't the most accurate.  One of my colleagues pointed out that the MLS grabs the price at the time the offer was written and not the original listing price.  With a recent update to our MLS system a newer export code popped up for "original price" which allowed me to export original listing price and compare it to final sales price.
So for fun, I downloaded … (0 comments)

stats: Mid-summer absorption rates for Missoula - 07/24/12 02:11 AM
Taking a quick snapshot at our market and how it's doing, looking at what's currently active vs what has sold in the last 31 days:
$0 - $150k:       70 active / 21 sold = 3.33 months
$150k - $200k:  187 active / 22 sold = 8.5 months
$200k - $275k:  146 active / 28 sold = 5.2 months
$275k - $350k:  100 active / 22 sold = 4.5 months
$350k - $425k:  38 active / 5 sold = 7.6 months
$425k+:            134 active / 5 sold = 26.8 months
Total market:      675 active / 103 sold = 6.55 months
 
Wow, Missoula's … (0 comments)

stats: Almost mid-year numbers - 06/18/12 07:33 AM
We're just a few weeks away from the mid-way point in our markets and Missoula (much like other areas around our region) has had a very strong second quarter so far.  In fact when I prepared stats for the Missoula Organization of REALTORS(R) I knew the numbers would look good, however I didn't think they'd look this solid. 
 
Now with the info below you can take this two ways.  On one side there's the lower/normal supply rates in many segments suggesting a healthy market (range of 3 to 9 months absorption rate).  This is good for sellers and our market … (0 comments)

stats: Prepare yourselves.... - 05/21/12 12:45 AM

 
I'm just finishing up some broken apart reports by zip code for the greater Missoula and Lolo area as well as some city and county-wide stats.  I should have them up this afternoon and tomorrow!  Blog overload soon to come!
(0 comments)

stats: Missoula's 1st half shaping up nicely - 05/14/12 09:07 AM
Missoula's good news with sales volume continues to roll in.  Right now (5/14) within just our valley and not looking at further out communities Missoula is up 32 residential sales compared to this time last year which represents a nearly 14.6% increase in volume sold.  Buyers are flooding the market with increased purchasing power and some more favorable conventional loan programs sneaking back into the scene. 
 
We're still 45 days out from the end of the 2nd quarter however if you tally up the sold homes so far in the MLS plus what is pending sale we could be looking … (0 comments)

stats: Some Saturday morning stats - 05/05/12 02:03 AM
It's a cool and raining morning so while having a cup of coffee while the kiddos watch a few cartoons I figured I'd take a look at how Missoula is doing statistically so far this year.  This is looking 1/1 - 5/5 in the given year.
For 2012:
- 231 homes sold YTD with a median sales price of $201,000,
 
In 2011:
- 199 homes sold with a median sales price of $204,000
 
In 2010: (keep in mind 1st time buyer tax credit influenced market):
- 257 homes sold with a median sales price of $195,000
 
In 2009:
- 209 … (1 comments)

stats: Missoula's continuing its strong start to the year, but... - 02/24/12 12:48 AM
Volume in Missoula continues to do well, today is Februrary 24th (77 residential sales in the Missoula Valley YTD / 177 total sales in the MLS YTD).  Missoula as well as the entire MLS have not out-paced our quicker start in volume of sales since 2008... that's right pre "bubble" considering it was the start of 2008.  I went back and looked at volume of 1/1 - 2/24 going all the way back to 2003, you can see the "ramp-up" and the cool down, and now the slow and steady volume recovery.  I'm very encouraged to see that volume is continuing … (0 comments)

stats: Starting the year off strong: Missoula's early numbers - 02/11/12 06:05 AM
It's bee a time of reflection for me, just about 1 year ago my mother decided to close down the local RE/MAX franchise that she'd owned for 16 years.  As a group most of our office joined up with the local Windermere office and we've loved it.  The Missoula market was very choppy at that time, our early winter/spring was the worst we'd seen in terms of volume.  We came out of the winter with a solid summer market but the lasting effects of a down winter wound up putting Missoula's volume of sales at another decline compared to the years … (1 comments)

stats: Sharing my numbers from last night's news report - 02/02/12 04:21 AM
I had a nice opportunity to do a little interview with our local NBC affiliate.  The only thing I wish I would've done better was notice my tie!  It's all I see when I watch this, should've not worn it or tightened it, haha. 
http://www.nbcmontana.com/news/30355875/detail.html 
 
Brint Wahlberg
REALTOR®
Windermere Real Estate
406-529-4663
 
While the Missoula Organization of Realtors (MOR) releases a much more comprehensive market report that won’t occur until the early spring.   All of the data I’m providing I retrieved from the MOR multiple listing service.
Numbers for just Missoula (does not include Lolo, Frenchtown, or Bonner … (0 comments)

stats: Year end reviews and numbers on Missoula's neighborhoods - 01/03/12 06:21 AM
I thought as a fun way to kick off 2012 would be to do an overview report of Missoula's various neighborhoods to show the activity of 2011, how that compared to 2010, and give some thoughts/opinions on what those areas might expect for 2012.
The neighborhoods I'll break apart as follows:
- Rattlesnake
- Downtown/Northside/Old Westside
- University Area / Slant Streets
- Farviews and South Hills
- Lewis and Clark / south-central area
- Central Missoula
- Miller Creek (Linda Vista and Maloney as well as Upper Miller Creek)
- Target Range
- Mullan Road & Expressway
- Grant Creek
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Brint Wahlberg, The Wahlberg Team (Windermere Real Estate) Rainmaker large

Brint Wahlberg

The Wahlberg Team

Missoula, MT

More about me…

Windermere Real Estate

Address: 2800 S. Reserve Street, Missoula, MT, 59801

Office: (406) 541-6550

Mobile: (406) 529-4663

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