Red Lodge MLS - Market Report - Residential Statistics as of 8/31/2009

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Red Lodge, MontanaHogan School - Red Lodge, MontanaRock Creek - Red Lodge, Montana

Red Lodge MLS - Market Report - Residential Statistics as of 8/31/2009

 

Active*

Contingent & Pending

Sold in 2009     (Jan 1 to Aug 31)

Avg Sold Price of Sold Listings

2009      (Jan 1 to Aug 31)

Sold in 2008     (Jan 1 to Aug 31)

Avg Sold Price of Sold Listings

2008      (Jan 1 to Aug 31)

City of Red Lodge

128

7

34

$256,038

40

$302,008

Cities Other than Red Lodge

69

2

25

$199,941

24

$231,175

Red Lodge MLS (TOTAL)

197

9

59

$232,268

64

$275,308

* Includes Contingent and Pending

 

Breakdown of Residential Actives

 

City of Red Lodge

Cities Other than Red Lodge

Red Lodge MLS (TOTAL)

$0 to  $49,999

0

0

0

$50,000  to  $99,999

1

7

8

$100,000 to $149,999

9

6

15

$150,000 to $199,999

21

12

33

$200,000 to $249,999

21

8

29

$250,000 to $299,999

21

9

30

$300,000 to $349,999

17

2

19

$350,000 to $399,999

10

4

14

$400,000 to $499,999

4

5

9

           $500,000 +

24

16

40

TOTAL

128

69

197

The above statistics are for information purposes only.  Accuracy can not be guaranteed.  

Gerry Khatchikian, ASA, TRC (4 languages spoken: English, French, Spanish, Armenian)
Realtor Associate

ASA: Associate of the Society of Actuaries    TRC: Transnational Referral Certification

Gerry_Khatchikian@yahoo.com

All photos and/or written content produced by Gerry Khatchikian. All rights reserved and may not be reproduced or reprinted without express written permission of Gerry Khatchikian, Realtor Associate.

Comments (4)

Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Gerry: While the average sales price is down, it looks like your activity is not to far behind 2008! That's got to be some great news to hear! I need to pull my numbers and take a look, but it usually is like watching the evening news!

It will get better....great post about the Red Lodge Market!

Sep 05, 2009 12:14 PM
Anonymous
Denis

Thanks for the info.   It's good to see that there are many affordable homes under $200,000 available in your area.

Sep 06, 2009 09:37 AM
#2
Gerry Khatchikian
Red Lodge, MT
ASA, TRC, SFR

Thom,

Thank you for the compliment and for the observation.   I look forward to seeing how the numbers look for your area.  

Sep 06, 2009 09:47 AM
Gerry Khatchikian
Red Lodge, MT
ASA, TRC, SFR

Denis,

Thank you for visiting this post and for commenting.  That is one great observation you made!  For residential, 56 of the 197 properties (more than 28%) currently on the market and listed in the Red Lodge MLS are under $200,000.  

We actually have First Time Home Buyer funds available for residents in Red Lodge (in addition to the $8000 Tax Credit) to assist first time home buyers with purchasing a property in Red Lodge.  Feel free to contact me so that I can provide more info on this great program and incentive.

Sep 06, 2009 09:52 AM

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