City: Red Lodge
Type: Vacant Land
Date: February 28, 2009
Total inventory: 222
|
Period (Data Observed) |
Number of Units Sold |
Equivalent Yearly Sales Projection |
Absorption Rate |
|
Last Year |
37 |
37 |
18 years 6 months |
|
Last 6 months |
15 |
30 |
7 years 11 months |
|
Last quarter |
7 |
28 |
7 years 5 months |
|
Last month |
1 |
12 |
6 years |
For an explanation of absorption rate and how it is calculated, see the following post:
City of Red Lodge Market Statistics for Vacant Land at Year End 2008
Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property.
I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land. I have this data for Red Lodge as well as for the Red Lodge MLS which includes not only Red Lodge but the cities in Carbon County and Stillwater County. Feel free to contact me if you are interested to get an estimate (based on the inventory and the latest trends) of how long it would take before all the current inventory of properties in a specific price range in Red Lodge, by itself or including the surrounding areas, is sold.
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.
If you and your family are interested to buy or sell property (a home, a ranch, a vacant land or a commercial property) in Carbon County (Red Lodge, Bearcreek, Belfry, Boyd, Bridger, Edgar, Fox, Fromberg, Joliet, Luther, Roberts, Rockvale, Roscoe, Silesia, Warren, Washoe), please don't hesitate to contact me. I also serve Stillwater County (Nye, Absarokee, Columbus, Fishtail).
Gerry Khatchikian, ASA, TRC
Realtor Associate
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