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Uncategorized Missoula’s Neighborhood Trends, Lewis & Clark The south-central area of Missoula in the valley is widely referred to as the “Lewis and Clark” neighborhood as the elementary school servicing most all of that area is Lewis and Clark Elementary.  This area features mostly 60’s through 80’s built homes, many are ranchers of varying sizes, but many of which are larger than […]
Uncategorized Missoula’s Neighborhood Trends, Farviews and South Hills When standing in the Missoula valley these two areas make up most all of the hillside homes you’ll see on the south end of the valley that have been built up mostly before the mid-1980’s.  A little more south and west you’ll find the newer neighborhoods in Linda Vista and Maloney Ranch, I’ll report them […]
Uncategorized Missoula’s Neighborhood Trends, The University Area / Slant Streets The University area is home to a wide array of older houses full of character and charm.  It’s a neighborhood that’s blended with long-time Missoula residents, families, and students attending school.  It’s actually the area I grew up in, so it holds a special place for me.  The slant streets, aptly named b/c they “slant” […]
Uncategorized Missoula’s neighborhood trends, the downtown / northside / old westside Looking at the 2010 market first off I see that there were 52 residential sales with a median sales price of $175,000. The time on market for these sold homes only was 137 days. The median list price for these sold homes was $179,450 showing that these homes were selling for about 97% of their […]
Uncategorized Missoula’s neighborhood trends, The Rattlesnake First off, the beautiful Rattlesnake Valley, the mouth of which features some of the oldest homes in Missoula.  A largely residential area that has seen very little to no new construction growth.  Historically this area has held it’s values which have usually been well over the median of Missoula’s entire market.   First off lets […]
Uncategorized Year end reviews of Missoulas neighborhoods I thought as a fun way to kick off 2012 would be to do an overview report of Missoula’s various neighborhoods to show the activity of 2011, how that compared to 2010, and give some thoughts/opinions on what those areas might expect for 2012. The neighborhoods I’ll break apart as follows: – Rattlesnake – Downtown/Northside/Old […]
Uncategorized Missoula’s final 2011 absorption rates OK from two perspectives, first we’ll do a 30 day look-back and then a 6 month look-back for a broad perspective.  As always my data comes from the Missoula Organization of Realtors MLS.  Additionally I sort our data by the brackets that MOR uses as well. Absorption rates represent how much inventory is currently listed […]
Uncategorized My letter to NAR regarding their errors in reporting sales numbers Mailed yesterday:     December 21, 2011     Attn: Moe Veissi and NAR Leadership National Association of Realtors 430 N. Michigan Ave Chicago, IL 60611   Moe and NAR leaders;   The REALTOR® image has taken another hard hit this week thanks to the erroneous reporting of the National Association of REALTORS® over the […]
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Uncategorized 2011 Missoula market preview Since I can’t look at my Christmas presents early I figured I’d look at Missoula’s market summary early to see what’s waiting for the upcoming year end report.  This year has been a very interesting one and we can finally start measuring actual market recovery now that we’re comparing similar markets for most of the […]
Uncategorized How to throw away $27,000 Venting blog, consider yourself warned.   Two years ago I listed a home south of town for a couple, they were moving on a job relocation.  I’d sold the home about 10 years back, it’s a cute little one-level home out in the country on one acre.  At the time the market was going pretty […]
Uncategorized National Triple Dip? What about Missoula? This morning while still trying to motivate myself out of bed I was scrolling through the CNN Money headlines on my crackberry when I saw the headline “Home Prices Heading for Triple Dip.” http://money.cnn.com/2011/10/31/real_estate/home_prices/index.htm?iid=HP_LN Ah dangit, that’s not a good way for a REALTOR(R) to start his day.  But of course I know that there’s […]
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