Red Lodge MLS - Market Report - Residential Stastistics as of 11/30/2009

By
Education & Training

 

Deer Jumping Over Fence in Red Lodge, Montana - November 2009The Beginning of Another Beautiful in Red LodgeBirds on a Blue Spuce in Red Lodge

Red Lodge MLS - Market Report - Residential Statistics as of 11/30/2009

 

Active*

Contingent & Pending

Sold in 2009     (Jan 1 to Nov 30)

Avg Sold Price of Sold Listings

2009      (Jan 1 to Nov 30)

Sold in 2008     (Jan 1 to Nov 30)

Avg Sold Price of Sold Listings

2008      (Jan 1 to Nov 30)

City of Red Lodge

97

10

46

$237,751

52

$291,050

Cities Other than Red Lodge

75

4

32

$187,056

39

$219,272

Red Lodge MLS (TOTAL)

172

14

78

$216,042

91

$261,076

* 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

2

2

$50,000  to  $99,999

0

6

6

$100,000 to $149,999

7

8

15

$150,000 to $199,999

14

9

23

$200,000 to $249,999

20

9

29

$250,000 to $299,999

14

11

25

$300,000 to $349,999

17

5

22

$350,000 to $399,999

6

5

11

$400,000 to $499,999

2

2

4

           $500,000 +

20

15

35

TOTAL

97

75

172

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 (2)

Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

Looks like sales are keeping pace with 2008, even if pricing appears down a bit. Our market is still dreadfully slow.

Dec 05, 2009 07:53 AM
Gerry Khatchikian
Red Lodge, MT
ASA, TRC, SFR

Tim,

Sales in 2009 were behind for most of the year compared to 2008.  I noticed that the number of residential sales in 2009 equaled 2008 as of November 30, 2009.   I believe it has to do with a spike in sales in November as a result of the the First Time Home Buyer tax credit (people rushing in to buy before the credit was set to expire and prior to it being extended).  But as you mentioned, the average price of a home sold in 2009 is about 17% down compared to 2008.

Dec 05, 2009 08:00 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?