market: Missoula Real Estate Market Stats for December 2009, 59808 - 01/18/10 03:15 PM
Missoula Real Estate Market Stats for December 2009 for Zip Code 59808
Missoula’s 59808 zip code continues to struggle.  While it has, by far, the most sales of all areas of Missoula, its numbers for 2009 were significantly below those of 2008.  2009 finished almost 5% below last year in the number of homes sold, well over 12% below last year in total value of homes sold and more than 8% below last year in average sales price.
At the end of December 2009, there were 182 homes for sale in Missoula’s 59808 zip code with an average list price of … (0 comments)

market: Missoula Real Estate Market Stats for December 2009 for Zip Code 59804 - 01/18/10 03:12 PM
Missoula Real Estate Market Stats for December 2009 for Zip Code 59804
Missoula’s 59804 zip code was one of the top three best performing areas in Missoula so far as the number of homes sold, the total value of those homes and the average sales price of homes.  So it can be argued that 59804 was Missoula Montana’s best performing zip code.  One of 3 zip code which actually outperformed 2008 in many aspects.
At the end of December 2009, there were 61 homes for sale in Missoula’s 59804 zip code with an average list price of just over $548,000, this … (0 comments)

market: Missoula Real Estate Market Stats for December 2009 for Zip Code 59803 - 01/18/10 03:10 PM
Missoula Real Estate Market Stats for December 2009 for Zip Code 59803
Missoula’s 59803 zip code was by far, the best performing zip code in Missoula, with both the total number of homes sold and the total combined value of those homes in 2009 exceeding the numbers for 2008.  2009 saw 168 homes sold as opposed to 148 homes sold in 2008.
At the end of December 2009, there were 99 homes for sale in Missoula’s 59803 zip code with an average list price of just over $397,000. Homes for sale in Missoula

 
View Real Estate Market Reports for … (0 comments)

market: Missoula Real Estate Market Stats for December 2009 for Zip Code 59802 - 01/18/10 03:07 PM
Missoula Real Estate Market Stats for December 2009 for Zip Code 59802
Missoula’s 59802 zip code has been one of the best performing areas in Missoula so far as the number of homes sold. With the exception of only a minor slide in May and June of 2009, this area stayed strong and showed sales numbers very close to last year, in fact 2009 met or exceeded 2008 in six of twelve months in sales volume. Believe it or not, 2009 ended with 2 mores homes sold than in 2008!!
At the end of December 2009, there were 152 homes for … (0 comments)

market: Missoula Real Estate Market Stats for December 2009 for Zip Code 59801 - 01/18/10 03:05 PM
Missoula Real Estate Market Stats for December 2009 for Zip Code 59801
For three months in a row now, Missoula’s 59801 zip code has either met or exceeded 2008 number of homes sold.  After a rough start this year, 59801 came back pretty strong at the end and finished up about 10.25% under 2008 in number of homes sold and considerably worse, about 15.26% under 2008 in total value of homes sold for the year.
At the end of December 2009, there were 184 homes for sale in Missoula’s 59801 zip code with an average list price of just over $260,000.  … (2 comments)

market: Has the Missoula Montana Real Estate Market Stabilized? - 08/11/09 05:27 AM
Has the Missoula Montana Real Estate Market Stabilized?
So What's Up with the Missoula Real Estate Market? National reports show that the real estate market is improving. The National Association of Realtors just reported that home sales rose in 3.6% June, marking five consecutive months of improvement for the first time since 2003. 
While things are heading the right way on a national level, all real estate markets are local. The Missoula Real Estate Market is no different.
It is important to keep in mind that the Missoula real estate market has not seen the same type of declines that have been … (0 comments)

market: Missoula Montana Real Estate Market Report June 2009 - 07/11/09 08:24 AM

Missoula Montana Real Estate Market Report June 2009
The Missoula MT real estate market was not hit as hard as many parts of the country. Earlier in the year, we were still seeing an increase in our median home price, although there were fewer sales. We are now starting to see a dip in prices, fewer sales and longer days on market.
In dealing with other agents in and around Missoula, the sense is still optimistic and many feel like we are starting to see an upswing. Price and condition are always important but become critical in this market. Buyers … (0 comments)

market: Missoula Montana Real Estate Market Update February 2009 - 03/31/09 02:29 PM
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)
Missoula Urban Area - Month of February 
Sales represent properties that have transferred and the transaction has … (0 comments)

market: Missoula Real Estate - Rosy Compared to the Rest of the Country - 03/08/09 07:49 AM
Last week, the Missoula Organization of Realtor's (MOR) released their 2009 Missoula Housing Report, and the results are, well not so bad, especially when compared to the rest of the country.
According to a story that aired on Missoula's KPAX,
"There is no doubt that Missoula is experiencing a slowdown in the housing market as from 2006 to 2008 there has been a 40% decrease in total home sales. Meanwhile, foreclosure rates reached all time highs in 2007 and they increased in 2008, but still numbers remain too low according to experts.
But, experts say that when compared to the rest … (1 comments)

market: A Breath of Fresh Air - A Positive Outlook for Montana's Economy - 02/04/09 03:29 AM
With the onslaught of national news stories about the poor state of the economy, job losses, and the housing market, it is easy to lose sight of what's going on locally. Larry Swanson, a well-known Montana economist and the Director for the Center for the Rocky Mountain West was quoted in the Billings Gazette recently as saying:
"The steady drumbeat of bad news produces a psychology of consumers hunkering down, we need to stay grounded in the fact that we had a lot going when we came into this," Swanson said. "The magnitude of impact in Montana will be lower. We've been … (8 comments)

market: Missoula Predicted to Be in the Top 25 for Housing Real Estate Markets in 2009! - 01/27/09 02:45 PM
I have remained optimistic about the Missoula real estate market for 2009, and have found that others are optimistic too!
In a recent release by Housing Predictor, a national online real estate research firm, 5 Montana cities ranked in the top 25 Housing Markets for 2009:
#2 Billings
#8 Bozeman
#12 Great Falls
#13 Livingston
#15 Missoula
According to Housing Predictor, in regards to Montana and North Dakota:
"They've dodged the bullet in the nation's housing depression in North Dakota and Montana. During the boom mortgage companies didn't offer creative new loan programs in either state much, which has acted to … (3 comments)

market: Missoula Montana Real Estate Market Update - 2007 in Summary and January 2008 - 02/28/08 05:01 AM
The Missoula Organization of Realtors recently put out some statistics about the Missoula market. Sales were down slightly for 2007 from 2006 but with the low interest rates and high levels of buyer interest in the area, the market is optimistic.
Number of Homes Sold By Year (Missoula Area)
2004: 1,170 2005: 1,405 2006: 1,443 2007: 1,242 For January 2008, the data shows an increase in the median home price from 2007:

 The table below shows a comparison of sales by price point. The majority of homes selling in the Missoula area are still between $150,000 and $225,000. Graph Source … (0 comments)

market: 5 Surefire Ways To Lose Your Buyer - Common Seller Mistakes - 01/16/08 04:07 PM
In today's real estate market, buyers can be few and far between. Once you get a buyer who is interested in your home, don't risk losing the opportunity to sell by making some of these common seller mistakes:
1. Get Insulted By an Offer: You may receive an offer that is below your asking price, or may be even significantly below your asking price. Don't take offense. The buyer liked your home enough to put in an offer, so take that as a compliment. An offer is just that, an offer. It is not set in stone. It is however a … (12 comments)

market: The Real Estate Market & The Local Reality in Response to Jim Cramer's BS on The Today Show! - 09/28/07 09:00 PM
Earlier this week, Jim Cramer was on The Today Show bashing real estate and made irresponsible statements to consumers telling them not to purchase a house right now. Jim Cramer is NOT an expert in the field of real estate, and he is sorely misinformed and did not take into consideration local markets. Two-thirds of metropolitan areas across the country are showing price gains and the national median home price in August showed a modest increase.
While some states are seeing increases in foreclosures - many states are seeing a decrease in foreclosures - Utah, Idaho, Oregon, New Mexico, Washington, West Virginia, South … (20 comments)

market: Missoula Montana Real Estate Market Remains Strong - The Local Reality - 09/28/07 02:28 PM
There has been a lot of negative press about the real estate market recently. To understand the whole story, you should also consider local markets.
In Missoula, Montana for instance, the market remains solid. We have a strong economy and Missoula is a desirable place to live. We also have growth/development restraints due to our location and the geography of our mountain ranges and government land ownership. Demand continues to increase for land.
Missoula did not see the same extent of short-term investment activity as other areas. Those "short-term" investors have been hit the hardest nationally.
While some states are seeing an increase in foreclosures, Montana's … (1 comments)

market: SOLD! Immaculate Well Maintained Home with Cozy Fireplace, Oak Cabinets, Hardwood Floors, Full Basement with Workshop, Hot Tub & Beautiful Landscaping - 09/27/07 09:23 AM
… (4 comments)

market: Missoula Montana Real Estate Market Remains Solid through September 2007 - 09/23/07 02:49 PM
I get asked all of the time, how is the market doing in Missoula with all of the issues with lenders? My experience in the market tells me that the market is still strong in Missoula, people are still buying and selling. September has been one of our busiest months in our history in the field. Here's the formal update from the Missoula Organization of Realtors as of 9/15/07:
 The national media continues to focus on the high foreclosure rates in some real estate markets across the country and the efforts to provide alternatives to distressed borrowers. To put the issue into perspective, … (0 comments)

market: Missoula's Farmer's Market & People's Market - A Perfect Way to Spend a Saturday Morning - 03/30/07 02:55 PM
If you're looking for a fun and relaxing activity in Missoula, attend the weekly farmer's market. Located at the end of Higgin's Avenue, the Missoula Farmer's Market includes fresh local produce, baked goods and coffee provided by over 100 vendors in an outdoor setting. A cultural treat!  
Just down the street from the farmer's market, you will find the local People's Market. Artisans and crafters from around the state gather here and display their works for sale.
Open from mid-May to mid-October every Saturday from 8:30am - 12:00pm and in July and August, Tuesday evenings from 5:45 to 7:15pm.
Great fun - bring the … (0 comments)