Foreclosures in Missoula Montana - An Update on The Market
We were recently interviewed on the local NBC affiliate, KECI regarding the increase in foreclosures in Missoula County after data was released showing an increase in foreclosures in Montana.
The County Clerk's office reports that the number of foreclosure notices since January 1, 2009 are 325, compared with the same time last year, at 143. While Missoula has seen an increase in foreclosure activity, the counties that were hardest hit are Flathead, Ravalli, and Mineral Counties.
We have also seen a slight decrease in the number of home sales and average sales price in Missoula for the month of June. Overall for the year, sales prices are up slightly however.
While the reports show an increase in foreclosures, our opionion is that the Missoula real estate market is improving and we are optimistic about the future. We are seeing a siginificant increase in buyer activity and see homes that are selling if they are in good condition and priced correctly.
We represent several local lenders in selling foreclosed homes in Missoula, Mineral and Ravalli counties and have some great homes available for sale right now. There are currently 53 bank-owned homes in Missoula MT, according to RealtyTrac.com. We also provide qualified buyers a Free Foreclosure Tour of area bank-owned homes.
Additional Articles about Foreclosures:
Missoula Real Estate - What to Know Before You Buy a Foreclosure
Feng Shui and Real Estate - What About Foreclosures?
Photo: Realtytrac.com
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