Helena, MT Residential Real Estate Market Update as of May 29, 2007.

 

2007 Year To Date Helena MLS Active Listings

Bedrooms	Current Active	Avg List Price	Avg Days on Market of Active Listings
All	624	$292,562	83
0 to 1	4	$203,908	98
2 to 3	393	$248,294	85
4 to 5	217	$364,187	80
6+	10	$513,470	53

 

 

 

 

 

 

 

 

 

2007 Year To Date Helena MLS Market Update

 

Bedrooms	Total Listed	# Sold	% Sold	Avg List Price Sold	Avg Sale Price Sold	Sale Price / List Price Ratio	Avg Days on Market Sold	Avg List Price Unsold	% Expired
All	786	285	36.26%	$219,747	$216,068	0.9833	60	$342,495	9.52
0 to 1	8	2	25%	$89,950	$88,000	0.9783	12	$223,763	50.0
2 to 3	502	192	38.25%	$201,915	$198,745	0.9843	61	$306,121	7.55
4 to 5	263	89	33.84%	$254,332	$249,566	0.9813	60	$415,031	11.74
6+	13	2	15.38%	$522,450	$516,500	0.9886	7	$612,333	15.38

 

 

 

 

 

 

 

 

2006 (1/1/06 to 5/29/06) Helena MLS Market 

 

 

Bedrooms	Total Listed	# Sold	% Sold	Avg List Price Sold	Avg Sale Price Sold	Sale Price / List Price Ratio	Avg Days on Market Sold	Avg List Price Unsold	% Expired
All	573	440	76.79%	$206,882	$204,180	0.9869	54	$267,151	3.84
0 to 1	11	12	109.9%	$107,683	$105,579	0.9805	20	$0	0.0
2 to 3	369	284	76.96%	$191,113	$188,575	0.9867	54	$227,942	3.52
4 to 5	193	144	74.1%	$246,248	$243,173	0.9875	57	$338,440	4.66
6+	0	0	0%	$0	$0	0%	0	$0	0

 

 

 

 

 

 

As of May As of May 29, 2007 the evidence of a changing real estate market is more evident than ever.  We have been seeing more homes being listed than those selling creating more competition for those homes currently listed.  Our average sales price is recovering from being around $210,000 at the end of March, so that is encouraging.  However, the number of homes sold is down approximately 35% based on last years numbers, likewise the number of listings has increased approximately 35%.  One major statistic to watch within the next few months is the % expired, if the trend continues as it has so far this year, then we should see more homes expiring than we have in he last 3 years.   This means the market has rejected those homes & they have not sold probably due to price, condition or lack of marketing!  Don’t be too alarmed, however, the months of June through September have historically been our hottest months for real estate.  So, if selling your home is in your future then call The Swinney Sells Team today, because everything has the same potential to sell, however, it must be priced right from the start and have more marketing than ever to get the job done. 

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