May Market Report

The numbers are out for the month of May in the Missoula Real Estate market. You can see from the numbers several things stick out. First, listings are down 26% compared to 2014. For buyers, this is presenting challenges in finding a home that fits their needs. Our buyers that we work with, are strongly encouraged to get pre-approved through a lender, so when they do find the perfect home we are able to act quickly.

Additionally, this has had an impact on selling prices, as the median sale price is up 20% over 2014. When priced competitively according to the market and condition, all of our sellers are getting multiple offers.

If you have any questions - please let us know!

New Facebook Group - Missoula Area Homes For Sale and Rent

We have created a new group in the interest of helping folks, whether they live in the Missoula area or are from out of town. The intention of the group is for collaboration. If people want to post a home of their own they have for sale, please do so. Should you have a home you're looking to rent, or are in need of finding a rental, we want this to be a great resource. Need advice related to real estate - please ask! We also have lenders from Opportunity Mortgage that will be admins on the page, and can assist with any questions related to obtaining a mortgage.

Here's the link to it - Missoula Area Homes For Sale and Rent

Seasonal Flights to Keep Missoula Airport Busy

2014 was a record setting year for Missoula International airport, and 2015 is expected to be just as busy.

Delta continues to be a mainstay with direct flights to Minneapolis and Salt Lake City. Frontier airlines came back with direct flights to Denver on Tuesdays, Thursdays, and Sundays. United Airlines will start flying daily flights from Missoula to Chicago starting June 4th. In addition, they will resume their daily flights to San Francisco on July 1st.

Allegiant Air will expand it's service by offering direct flights to both Los Angeles and Oakland, beginning June 4th. Delta will also add to it's service a direct flight to Atlanta on Saturdays, which will begin June 7th.

June will also bring construction to the airport, with a new $2 million taxiway. The airport has increased the size of the rental car lot so that it has doubled in size. A new car rental vendor is expected to be announced soon. The new post-security observation deck that opened last year has been well received. It has been getting busier and busier, and offers up local microbrews, food, and other beverages.

Source: Missoulian 

April Residential Report

Here are the statistics for the month of April on the residential side in Missoula County. As is typical, there is more inventory on the market, and buyers are actively looking. What's great to see is the strong growth in our market over 2014. 

Personally, Alana and myself are working with a wide range of clients. Out of state buyers continue to have interest in and around Missoula, and in particular the Bitterroot area. We're also seeing more and more first time home buyers, many of which are millennials, and I feel this a very good sign of the economy around Missoula showing good strength. 

Enjoy and if you have any questions, please let us know!

Just Listed - 307 Lakeside - Lolo

Located on a corner lot, this 3 bedroom, 2 bathroom house has been updated and is in good condition. On the main level of this home is a living room, kitchen with eating area, 2 bedrooms and a bathroom. Downstairs is a family room, utility room and master bedroom with a large closet, bathroom and lots of storage. Recent updates (within the last 3 years) include: upstairs bathroom remodel, new interior paint, new carpet, new kitchen flooring, a new roof, a new dishwasher and a new microwave. There is a 2 car garage plus a parking pad in the back yard. The yard is landscaped and fenced and has underground sprinklers. All of this is conveniently located in Lolo, close to all of life's amenities, and just a short distance to Missoula.

Follow this link for all the details on this great property - 307 LakesideFor more information and to schedule a showing - please call Alana Schaefer at 406.493.006.