The Missoula Real Estate Guide http://www.mindypalmer.com Real estate listings for homes for sale in Missoula, MT. The Missoula Real Estate Guide is your source for Missoula real estate. Mon, 24 Nov 2014 14:00:52 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 A Spiritual “Thump”http://www.mindypalmer.com/spiritual-thump/ http://www.mindypalmer.com/spiritual-thump/#comments Thu, 17 Jul 2014 02:02:00 +0000 http://www.mindypalmer.com/?p=22053 Okay Folks. Bear with me as I sort through my thoughts tonight. They are jumbled, Read more

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Okay Folks. Bear with me as I sort through my thoughts tonight. They are jumbled, sincere and I hope in the end, somewhat coherent.
 
Within this past week alone I’ve learned of serious Health Issues of friends, or loved ones of friends, that made my heart sink. My blood run cold, and yet quickened my resolve and faith again. So much so that I placed their names on my hand-written prayer list that I keep within reach at all times.
 
Honestly, I can’t remember when I started doing this, but I suspect it was around the time that I was up against some pretty harsh stuff in regards to my early diagnosis of Breast Cancer. Total strangers all around the Globe reached out to me, to Steve, and my Family and I’ve never, ever forgotten that.
 
That was 8 years ago now, and what started as a wee scrap of paper has turned into numerous pages. Front and Back. Many of those pages are worn, tattered, and have been folded and unfolded so many times that they are nearly thread-bare.
 
Tomorrow morning a dear Woman will check into St. Pat’s Hospital for a month in order to receive Chemo for what was originally diagnosed as Pneumonia. Now it is considered advanced stage Leukemia. Sighh…..Her Son has already lost his Father, her Husband to Cancer. Having been down this path I GET his pain. His anxiety. Just makes me love and respect him all the more.
 
Yesterday I had a colleague ask to have a friend placed on my list for a Double Mastectomy. She’s in her 30’s. Married, with children. That was a “No Brainer.” Of course!
 
Tonight I’m praying for a new friend that has such a rare auto-immune disease that she is literally 1 in 100 around the World with this diagnosis.
 
Listen, so many of US are focused on the outside issues that make up our Lives. Truth be told, I was right there myself tonight.
What I thought I was going to post, as something off-beat and humorous? Well, my Heart told me do otherwise.
 
I’ve learned to pay attention to the “Spiritual Thumps” that I get. Do I really need for anyone to validate this post? No. Of course not. I simply hope that somehow I’ve made someone step outside of their situation and look deeply into the needs and the life of another Soul that might just need YOU to reach out.
 
For what it’s worth: I am seemingly healthy. I am incredibly Strong, Altogether grateful for the Thumps in my Life tonight.
 
God Bless.
 

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Finalist, Best Real Estate Agent, 2014http://www.mindypalmer.com/finalist-best-real-estate-agent-2014/ http://www.mindypalmer.com/finalist-best-real-estate-agent-2014/#comments Thu, 10 Jul 2014 12:54:28 +0000 http://www.mindypalmer.com/?p=21989 Well, it finally happened folks. After seven (yes, 7) consecutive years of taking the top Read more

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Best of Missoula Logo, 2014Well, it finally happened folks. After seven (yes, 7) consecutive years of taking the top slot in the “Best Real Estate Agent” category in the Missoula Independent’s Best of Missoula reader’s poll, this year Mindy came in second behind our friend and colleague, Anne Jablonski of Portico Real Estate.
 
Frankly, “winning” this category year after year was getting a little embarrassing and we can’t think of a better person or agent than Anne to take over the top slot as “Best Real Estate Agent” for 2014. She is a great human being and an outstanding real estate agent we’d like to offer her our heartfelt congratulations.
 
We would also like to offer congratulations to Liz Dye of Portico Real Estate for taking third place in the “Best Real Estate Agent” category. Liz is also a great person and real estate agent and we’re honored to be ranked along with her and Anne in the 20th annual Best of Missoula Reader’s poll.
 
We hope to see them both at tonight’s annual “Best of Missoula” party in Caras Park.
 
See the “Best Real Estate Agent” category here.
 
See the entire “Best of Missoula” poll results here.
 

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The Missoula Real Estate Market – July, 2014http://www.mindypalmer.com/missoula-real-estate-market-july-2014/ http://www.mindypalmer.com/missoula-real-estate-market-july-2014/#comments Mon, 07 Jul 2014 21:54:43 +0000 http://www.mindypalmer.com/?p=21983 The Missoula area 12 month median home price at the end of June was $215,203, Read more

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The Missoula area 12 month median home price at the end of June was $215,203, a 2.1% increase over last year’s median price of $210,762.
 
159 Missoula area homes were sold in June, a 6% increase over last year. This marks the first month this year that monthly home sales have increased over last year.
 
For the 12 month period ending in June, 1,225 homes were sold in the Missoula area, a 0.1% increase over last year.
 
At the end of June, there were 834 Missoula area homes on the market, down 1.1% from last year and at its lowest point for this time of year since 2006.
 
The short term Missoula area absorption rate (months of inventory) was up 10.2% at the end of June; the long-term absorption rate was down 3.8%.

Market Statistics

Median Home Price20132014+/-
June$232,500$225,000- 3.2%
3 Month Average$224,167$222,279- 0.8%
12 Month Average$210,762$215,203+ 2.1%
Home Sales20132014+/-
June150159+ 6.0%
3 Month Total417365- 12.5%
12 Month Total12241225+ 0.1%
Listing Inventory20132014+/-
June843834- 1.1%
3 Month Average810768- 5.2%
12 Month Average766678- 11.5%
Absorption Rate20132014+/-
June5.6 Months5.2 Months- 7.1%
3 Month Average5.9 Months6.5 Months+ 10.2%
12 Month Average7.9 Months7.6 Months- 3.8%

Median Home Price

Graph of Missoula Median Home Price Trends
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula Home Sales Trends
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula Home Inventory Trends
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula Absorption Rate Trends
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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The Missoula Real Estate Market – June, 2014http://www.mindypalmer.com/missoula-real-estate-market-june-2014/ http://www.mindypalmer.com/missoula-real-estate-market-june-2014/#comments Thu, 05 Jun 2014 23:38:38 +0000 http://www.mindypalmer.com/?p=21631 The Missoula area 12 month median home price at the end of May was $215,911, Read more

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The Missoula area 12 month median home price at the end of May was $215,911, a 3.3% increase over last year’s median price of $209,004.
 
108 Missoula area homes were sold in May, a 27% decrease from last year. This marks the sixth consecutive month of declining homes sales.
 
For the 12 month period ending in May, 1,214 homes were sold in the Missoula area, a 1.7% increase over last year.
 
At the end of May, there were 777 Missoula area homes on the market, down 5.5% from last year and at its lowest point for this time of year since 2006.
 
The short term Missoula area absorption rate (months of inventory) was up 28.6% at the end of May; the long-term absorption rate was down 6.2%.

Market Statistics

Median Home Price20122013+/-
May$205,000$217,000+ 5.6%
3 Month Average$211,367$221,821+ 5.0%
12 Month Average$209,004$215,911+ 3.3%
Home Sales20122013+/-
May148108- 27.0%
3 Month Total351272- 22.5%
12 Month Total11931214+ 1.7%
Listing Inventory20122013+/-
May822777- 5.5%
3 Month Average768689- 10.3%
12 Month Average778679- 12.7%
Absorption Rate20122013+/-
May5.6 Months7.2 Months+ 28.6%
3 Month Average6.8 Months7.7 Months+ 13.2%
12 Month Average8.1 Months7.6 Months- 6.2%

Median Home Price

Graph of Missoula Median Home Price Trends
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula Home sales Trends
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula Listing Inventory Trends
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula Absorption Rate Trends
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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The Missoula Real Estate Market – May, 2014http://www.mindypalmer.com/missoula-real-estate-market-may-2014/ http://www.mindypalmer.com/missoula-real-estate-market-may-2014/#comments Mon, 05 May 2014 22:42:40 +0000 http://www.mindypalmer.com/?p=21510 The Missoula area 12 month median home price at the end of April was up Read more

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The Missoula area 12 month median home price at the end of April was up 2.4% over last year.
 
April home sales in the Missoula area were down 21.9% from last year. This marks the fifth consecutive month of declining homes sales. Total home sales for the 12 month period ending in April were up 8.6%.
 
At the end of April, the inventory of homes on the market in the Missoula area was down 9.2% from last year and at its lowest point for this time of year since 2005.
 
The short term Missoula area absorption rate (months of inventory) was up 17.2% at the end of April but the long-term absorption rate was down 11.9%.

Market Statistics

Median Home Price20122013+/-
April$235,000$225,837-3.9%
3 Month Average$208,367$218,091+ 4.7%
12 Month Average$209,920$214,911+ 2.4%
Home Sales20122013+/-
April11993- 21.9%
3 Month Total265201- 24.2%
12 Month Total11521251+ 8.6%
Listing Inventory20122013+/-
April764694- 9.2%
3 Month Average709616- 13.1%
12 Month Average789683- 13.4%
Absorption Rate20122013+/-
April6.4 Months7.5 Months+ 17.2%
3 Month Average8.5 Months11.4 Months+ 34.1%
12 Month Average8.4 Months7.4 Months- 11.9%

Median Home Price

Graph of Median Home Price Trends - May, 2014
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Home Sales Volume - May, 2014
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Listing Inventory Trends - May, 2014
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Absorption Rate Trends - May, 2014
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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Missoula Housing Report – April, 2014http://www.mindypalmer.com/missoula-housing-report-april-2014/ http://www.mindypalmer.com/missoula-housing-report-april-2014/#comments Thu, 17 Apr 2014 23:12:33 +0000 http://www.mindypalmer.com/?p=21373 The annual Missoula housing report by the Missoula Organization Realtors is up and available for Read more

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2014 Missoula Housing Report CoverThe annual Missoula housing report by the Missoula Organization Realtors is up and available for download.
 
This year’s report is chock full of good 2013 data covering a wide range of topics, including economic data and trends, housing supply and demand, rental housing, home sales and prices, home financing, and housing affordability.
 
Missoula Housing Report – 2014
 

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The Missoula Real Estate Market – April, 2014http://www.mindypalmer.com/the-missoula-real-estate-market-april-2014/ http://www.mindypalmer.com/the-missoula-real-estate-market-april-2014/#comments Fri, 11 Apr 2014 13:55:12 +0000 http://www.mindypalmer.com/?p=21365 The Missoula area 12 month median home price at the end of March was up Read more

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The Missoula area 12 month median home price at the end of March was up 3.7% over last year and at its highest point in nearly 5 years.
 
March home sales in the Missoula area were down 20.2% from last year. This marks the fourth consecutive month of declining homes sales. Total home sales for the 12 month period ending in March were up 15.1%.
 
At the end of March, the inventory of homes on the market in the Missoula area was at its lowest point for this time of year since 2005.
 
The short term Missoula area absorption rate (months of inventory) was up 22.1% at the end of March but the long-term absorption rate was down 14.8%.

Market Statistics

Median Home Price20122013+/-
March$194,100$222,750+14.8%
3 Month Average$192,867$211,125+ 9.5%
12 Month Average$207,354$215,503+ 3.7%
Home Sales20122013+/-
March8467- 20.2%
3 Month Total210156- 25.7%
12 Month Total11081275+ 15.1%
Listing Inventory20122013+/-
March717595- 17.0%
3 Month Average658576- 12.5%
12 Month Average797688- 13.7%
Absorption Rate20122013+/-
March8.5 Months8.9 Months+ 1.1%
3 Month Average9.5 Months11.6 Months+ 22.1%
12 Month Average8.8 Months7.5 Months- 14.8%

Median Home Price

Graph of Missoula Median Home Price Trends - March, 2014
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula Home Sales Volume Trends - March, 2014
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula Listing Inventory Trends - March, 2014
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula Absorption Rate Trends - March, 2014
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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2013 Prudential Chairman’s Circlehttp://www.mindypalmer.com/2013-prudential-chairmans-circle/ http://www.mindypalmer.com/2013-prudential-chairmans-circle/#comments Fri, 11 Apr 2014 12:53:15 +0000 http://www.mindypalmer.com/?p=21361 We’ve recently been informed that we have been recognized with the Prudential Chairman’s Circle award Read more

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Prudential Chairman's Circle LogoWe’ve recently been informed that we have been recognized with the Prudential Chairman’s Circle award for 2013. This recognition is given to agents who rank in the top 2% of agents in the entire Prudential network across the nation. We are truly blessed and incredibly thankful.

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It’s all about our communityhttp://www.mindypalmer.com/community/ http://www.mindypalmer.com/community/#comments Wed, 26 Mar 2014 02:16:36 +0000 http://www.mindypalmer.com/?p=21347 Yesterday I was reminded all over again as to why Missoula is such a cool Read more

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Logo for March for Meals, 2014Yesterday I was reminded all over again as to why Missoula is such a cool place to live and why after 12 years of volunteering on behalf of Missoula Aging Services delivering for “Meals On Wheels” why I flat out adore my Elders and the newcomers that have chosen to make Missoula their home. About a week ago I piped up on Facebook about recognizing the critical importance of either donating personal time or funds to the “March for Meals” campaign that handily raises crucial funds for this fantastic organization.
 
Never, ever underestimate the power of the written word. I was contacted by a woman that I had only met once at a social gathering last Fall, but had since become close friends with via the power of Social Media. She reached out to me and asked if she could join me on my Monday morning delivery route. Without hesitation I said, “Yes! Of course.” And I’m so thankful I did.
 
Before even arriving at our first destination my new friend told me that she had it placed on her heart (what I call my “Spiritual Thump” on the forehead from God) that she was to give away $800.00 dollars on behalf of our Seniors. I about drove my rig up onto the curb. I’m not kidding. I was totally blown away! She asked me to personally pick 8 individuals on the route who could use the heart-felt donation the most, and off we went!
 
It was fantastic to arrive at the first destination to visit “Timothy.” He’s in his late 50’s and has MS. I’ve always loved this guy as he is totally gregarious, altogether charming and just loves LIFE! Truth be told, he’s a bit of a Flirt and when he met my friend he TOTALLY turned on his natural charm. After the introductions my friend asked if it was okay to give him a gift. He looked unsure, but agreed. She then proceeded to hand him a crisp, $100.00 bill. The LOOK on his face will stay with me forever! He just howled with delight. Looked at me. Looked at her. Back at me and exclaimed, “Oh! Thank you Jesus!” Timothy then proceeded to hug her, kiss the top of her hand. By then we all three had happy tears in our eyes.
 
For the next hour this same scenario played out on a different levels as we proceeded to the next 11 households, all with different reactions, but I know each and every Elder was just blown away. I know I was!
 
I’ve called Missoula my beloved home since 1988. Yesterday was a crystal clear reminder why there’s always room for one more, generous Soul to join our ranks. My newest, lovely friend wishes to remain anonymous. So be it. She knows who she is and I for one and am so thankful to know her. A great big heart on that One, and a great hugger, too!
 

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March for Meals, 2014http://www.mindypalmer.com/march-for-meals-2014/ http://www.mindypalmer.com/march-for-meals-2014/#comments Fri, 14 Mar 2014 13:17:47 +0000 http://www.mindypalmer.com/?p=21327 In 2002 my friend and colleague, Nancy Coffee, of Lambros Real Estate ERA, mentioned at Read more

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Logo for March for Meals, 2014In 2002 my friend and colleague, Nancy Coffee, of Lambros Real Estate ERA, mentioned at a weekly office meeting that her good friend and Meals On Wheels buddy was moving and she was hopeful that someone might want to help her out with her route. One day a week, an hour and a half, at the most. Without a thought my arm shot up and within a week I was beginning what would become a 12 year love affair with Missoula’s Elders.
 
Over the years I’ve encountered some incredible Souls. I’ve witnessed the dignity, the wisdom, the moxy, the fortitude and yes, the humor that only age can bring to the table. I find myself thinking of Catherine, who was legally blind. Oh! She was a pistol! One night I found myself attending The Blind Boys of Alabama concert at the University. Sure enough, in the front row was MY Catherine, waving her cane madly in the air to “I’m A Soldier In the Army of the Lord!” I do believe I enjoyed her exuberance more than I enjoyed the singers.
 
Then there was Olga. Dear Olga. 101 and still living on her own. I can still feel her whisper light hands in mind, crying, “I don’t understand why I’m still here”. That will always stay with me. I remember Betty. Betty lost her home due to back taxes and was forced out when a predatory company back East paid them, securing her home, and forcing her to move into a Nursing Home in East Missoula. The house went on the market within days. I was livid.
 
Of course, there have been many, many fine Souls that I have had the grand privilege of meeting and every one of them have left an indelible mark on MY Soul.
 
Please consider joining me in rallying for a great cause: March For Meals! Missoula Aging Services needs to raise $100,000.00 annually in order to service over 700 elders in Missoula. A third of their operating budget is generated by donations during the month of March each year. It takes 100 volunteers every week in order to serve 750 Souls hot, nutritious meals.
 
Listen, I get that the first quarter of the year is a tough time to open up your wallets. Every bit helps. If you’re short on money, then I respectfully ask that you consider donating your time to deliver meals or to be a Senior companion.
 
In the 12 years I’ve been volunteering I can honestly say that it is THE highlight of my week. To be thanked, profusely, sincerely by someone for doing something so simple, so kind is just THE best thing ever. By being a blessing in an Elders life I promise you’ll be even more blessed in return.
 
Bottom line? The Meals on Wheels program at Missoula Aging Services could use your help. You can help by either making a cash donation or by volunteering your time for this worthy cause. You won’t regret it.
 

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The Missoula Real Estate Market – March, 2014http://www.mindypalmer.com/missoula-real-estate-market-march-2014/ http://www.mindypalmer.com/missoula-real-estate-market-march-2014/#comments Thu, 06 Mar 2014 14:49:31 +0000 http://www.mindypalmer.com/?p=21316 The Missoula area 12 month median home price at the end of February was up Read more

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The Missoula area 12 month median home price at the end of February was up 2.6% over last year and at its highest point since September, 2010.
 
February home sales in the Missoula area were down 42% from last year. This marks the third consecutive month of declining homes sales. Total home sales for the 12 month period ending in February were up 18%.
 
At the end of February, the inventory of homes on the market in the Missoula area was at its lowest point for this time of year since 2005.
 
The short term Missoula area absorption rate (months of inventory) was up sharply at the end of February but the long-term absorption rate was down 17%.

Market Statistics

Median Home Price20122013+/-
February$196,000$203,562+3.9%
3 Month Average$200,983$206,407+ 2.7%
12 Month Average$208,012$213,360+ 2.6%
Home Sales20122013+/-
February6236- 41.9%
3 Month Total204154- 24.5%
12 Month Total10941288+ 17.7%
Listing Inventory20122013+/-
February646558- 13.6%
3 Month Average626562- 10.2%
12 Month Average803699- 13.0%
Absorption Rate20122013+/-
February10.4 Months15.5 Months+ 49.0%
3 Month Average9.3 Months11.8 Months+ 26.9%
12 Month Average9.0 Months7.5 Months- 16.7%

Median Home Price

Graph of Missoula area median home prices - February, 2014
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula area home sales - February, 2014
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula area listing inventory - February, 2014
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula area absorption rates - February, 2014
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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Runner Up, Missoula’s Choice Realtor, 2014http://www.mindypalmer.com/runner-up-missoulas-choice-realtor-2014/ http://www.mindypalmer.com/runner-up-missoulas-choice-realtor-2014/#comments Mon, 17 Feb 2014 00:08:47 +0000 http://www.mindypalmer.com/?p=21286 It’s a funny thing. My heart’s beating rather happily right now and for a very Read more

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Missoula's Choice 2014 LogoIt’s a funny thing. My heart’s beating rather happily right now and for a very good reason. I am very proud, incredibly happy and most definitely thankful to announce that I tied for second place in the Best Realtor category of the Missoula’s Choice 2014 reader’s poll, and I am happy to share that spotlight with friend and colleague, Liz Dye of Portico Real Estate.
 
I also salute the category winners, Molly Austin and Chay Hughes of Lambros Real Estate ERA, and absolutely give my props to the amazing Carroll Anne Sowerby of Prudential Missoula Real Estate. To be in the company of such amazing, seasoned Realtors is truly an honor and I’m just blown away by this all, really.
 
Putting in 60-70 hour work weeks is a labor of love, and to have that labor appreciated is a beautiful thing. Thank you all who voted for me (and of course, my husband and business partner, Steve Palmer). I do not take this lightly, nor for granted. I’ll do my very best to uphold my end of the bargain. I promise.
 
From the Missoulian:
A condo in the Wilma, a craftsman-style home in the University District or a plot of land in Grant Creek are just a few of Missoula’s real estate options. Describe your dream home or property to these realtors, and they’ll help you find it.
 

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You better not have that baby on truck dayhttp://www.mindypalmer.com/better-baby-truck-day/ http://www.mindypalmer.com/better-baby-truck-day/#comments Thu, 13 Feb 2014 15:00:52 +0000 http://www.mindypalmer.com/?p=21280 “You better not have that baby on Truck Day.”   Verbatim, these were the words Read more

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“You better not have that baby on Truck Day.”
 
Photo of Mindy and her father, Art HansonVerbatim, these were the words spoken by my Dad, age 33, to my very, very pregnant Mom, age 30, in October of 1964.
 
You see, my Dad was just a couple of years into owning his first grocery store in Minturn, Colorado and Wednesdays were “Truck Day”, meaning the day he was able to help unload the goods that fed his family of four, soon to be five with my arrival.
 
Hey, it wasn’t MY fault that I decided that on a Wednesday I was practically ready to walk out of the womb. Dad somehow forgot all about the “Truck” and kept popping his head into the delivery room in the hospital. “Is it here yet?” No sonograms then. Therefore I was an “It.”
 
I can just picture him pacing back and forth in the waiting room, chain smoking, with the elderly nurses in white shooing him out of the delivery room. At 6:10 p.m. Mountain Time I arrived on the scene, taking my first breaths of life. His brother took one look at me and declared, “Art! She looks just like our Mother!”.
 
Thirty-nine years later, almost to the very minute, I found myself standing by my Dad’s bed in a hospital in Jennings, Louisiana on February 13, 2003 and I was blessed to be there with my Mom as my beloved Father took his last breath of life. He’d been diagnosed with Stage 4 Esophageal Cancer only 60 Days before. I find myself having to breathe as I realize the profundity of this blessing.
 
Later that night I needed a quiet place to gather my thoughts and just “be”. I found myself standing in the driveway underneath the barren canopy of the late Winter trees and looking up at the sky. I was seeking a solace of any kind. The moon was ripening to its fullness and then I heard it before I saw it: The call of a gaggle of geese.
 
I arched my head and I will never, ever forget that sight. The moon was lit, there were a few clouds and then I saw the “V” of the birds and I just smiled, tears rolling down my face and I recall raising my fist upward and saying, “Dad? I love you. Don’t ever forget that!”
 
To this day, the honk of the geese and the witness of their unabashed flight stops me in my tracks. Every time.
 

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The Missoula Real Estate Market – February, 2014http://www.mindypalmer.com/missoula-real-estate-market-february-2014/ http://www.mindypalmer.com/missoula-real-estate-market-february-2014/#comments Wed, 12 Feb 2014 13:18:13 +0000 http://www.mindypalmer.com/?p=21266 The Missoula area 12 month median home price at the end of January was at Read more

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The Missoula area 12 month median home price at the end of January was at its highest point in the past five years.
 
While January home sales in the Missoula area were down sharply from last year, home sales for for the 12 month period ending in January were up 21.5% over a year ago.
 
At the end of January, the inventory of homes on the market in the Missoula area was at its lowest point for this time of year since 2005.
 
The Missoula area 12 month absorption rate (months of inventory) was down 13.3% from last year.

Market Statistics

Median Home Price20122013+/-
January$188,500$211,500+12.2%
3 Month Average$205,550$207,220+ 0.8
12 Month Average$207,929$212,855+ 2.4%
Home Sales20122013+/-
January6448- 25.0%
3 Month Total218216- 0.9%
12 Month Total10811313+ 21.5%
Listing Inventory20122013+/-
January610557- 8.7%
3 Month Average644577- 10.4%
12 Month Average811704- 13.3%
Absorption Rate20122013+/-
January9.5 Months11.6 Months+ 22.1%
3 Month Average8.9 Months8.6 Months- 3.4%
12 Month Average9.4 Months7.1 Months- 24.5%

Median Home Price

Graph of Median Home Prices in Missoula
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula Home Sales
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula Listing inventory
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula Absorption Rates
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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Median Home Prices in Missoula Neighborhoodshttp://www.mindypalmer.com/median-home-prices-missoula-neighborhoods/ http://www.mindypalmer.com/median-home-prices-missoula-neighborhoods/#comments Thu, 30 Jan 2014 16:31:15 +0000 http://www.mindypalmer.com/?p=21238 This morning, we decided to take a look at the 2013 median sale price for Read more

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This morning, we decided to take a look at the 2013 median sale price for homes sold in the 21 neighborhoods and suburbs that make up the greater Missoula area. Median sale prices ranged from $157,000 in the North Missoula neighborhood to $479,500 in the Big Flat neighborhood.
 
Graph of median home prices in Missoula neighborhoods
 
Here is a list of links to homes for sale in Missoula neighborhoods along with the 2013 median home price.
 

 
Data Source: Missoula Organization of Realtors
 

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All Cash Real Estate Sales in Missoula and Western Montanahttp://www.mindypalmer.com/cash-real-estate-sales-missoula-western-montana/ http://www.mindypalmer.com/cash-real-estate-sales-missoula-western-montana/#comments Mon, 27 Jan 2014 18:51:09 +0000 http://www.mindypalmer.com/?p=21227 A recent post and infographic by Keeping Current Matters about all cash real estate sales Read more

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A recent post and infographic by Keeping Current Matters about all cash real estate sales led us to dive into the Missoula MLS and take a look at the percentage of all cash sales in Missoula and Western Montana over the past 10 years.
 
In 2013, all cash sales made up nearly a third of all real estate sales in the Missoula Organization of Realtors multiple listing service.
 
Graph of all cash real estate sales in Missoula and Western Montana
Data Source: Missoula Organization of Realtors
 

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My Eldershttp://www.mindypalmer.com/my-elders/ http://www.mindypalmer.com/my-elders/#comments Wed, 15 Jan 2014 01:44:51 +0000 http://www.mindypalmer.com/?p=21116 When I was much, much younger I admit that I really didn’t care for being Read more

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Mindy and her momWhen I was much, much younger I admit that I really didn’t care for being around “Old” people. My youth and ignorance could not appreciate their carefully measured steps, the sadness in their eyes nor their fortitude of endurance that got them “there” in the first place. Sadly I admit that they, my Elders, were an Invisible Populace that I had no time or energy for.
 
Life certainly has a way of teaching some serious, heart-rendering lessons in the guise of the untimely deaths of my siblings, the death of a parent to Cancer, the death of many friends over the years, the ill health of a surviving parent, and my own bout with Breast Cancer. Suffice it to say, I’ve “Grown Up” exponentially over the past two decades and 12 years ago I was ready, willing and finally able to embrace the Elders by volunteering for Meals on Wheels…and I’m SO glad, to this very day, that I did!
 
I’ve seen many Elders pass away or move into Assisted Living facilities or Nursing Homes. Some I never learn of the manner of their absence.
 
Today I had three very distinct encounters: One Gentleman, who has the greatest smile ever, answered the door and frankly, he didn’t look good. At all. Rather waxy, yellow in appearance. I asked how he was doing, and without hesitation he said, “I’m not that well. Maybe 50%. ” I told him to tap into the OTHER 50% and to take care of himself. He managed a weak, lovely smile.
 
The next Lady? Oh, she’s feisty! She greeted me on the porch, and told me to be careful on her sidewalk as she had attempted to shovel it. “I’d have been better off scraping the damn thing with a credit card and scooping it with a spoon!”
 
Lastly, there was the astonishing visit with my 102 year old Elder, Virginia Speck: A woman about my age answered the door, took the food bag and I poked my nose into the Living Room to say “Hi!” to Virginia. She took one look at me and said, “YOU look terrific!” I told her she did too and we both laughed out loud.
 
I took myself to lunch afterward and found myself in a booth next to a Woman and her obviously Elder Mom, whom I gathered was celebrating her Birthday. At first the Woman appeared to be sweet, calling a local Nail Salon to get her Mom a Birthday manicure. “Awesome!”
 
Meh. Not so much. The very next moment she was giving her Mom grief for losing ANOTHER set of hearing aids.”Mom, you’re really NOT the sharpest tool in the tool box are you?!”
 
I wanted to see if I could hurl my Onion Ring onto that Broad’s sharpened tongue in order to gag her into silence.
 
Instead, when I was done with my meal I stood up, walked to the next booth and I wished a beautiful Elder a very Happy Birthday and then I genuinely complimented her on her amazing, blazing white hair. She beamed. Me? I walked on air all the way to my “Rig.” (We, in Montana, call every vehicle a “Rig.”)
 

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The Missoula Real Estate Market – January, 2014http://www.mindypalmer.com/missoula-real-estate-market-january-2014/ http://www.mindypalmer.com/missoula-real-estate-market-january-2014/#comments Tue, 07 Jan 2014 12:10:52 +0000 http://www.mindypalmer.com/?p=21058 For the year ending 12/31/2013, median home prices were up 1.3%, total home sales were Read more

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For the year ending 12/31/2013, median home prices were up 1.3%, total home sales were up 23.3%, the average listing inventory was down 13.3%, and the average absorption rate was down 28.1%.

Market Statistics

Median Home Price20122013+/-
December$218,450$205,660- 5.9%
3 Month Average$210,050$210,303+ 0.1%
12 Month Average$208,262$210,938+ 1.3%
Home Sales20122013+/-
December7869- 11.5%
3 Month Total257268+ 4.3%
12 Month Total10781329+ 23.3%
Listing Inventory20122013+/-
December623553- 11.2%
3 Month Average693614- 11.4%
12 Month Average818709- 13.3%
Absorption Rate20122013+/-
December8.0 Months8.0 Months+ 0.0%
3 Month Average8.2 Months7.0 Months- 14.6%
12 Month Average9.6 Months6.9 Months- 28.1%

Median Home Price

Graph of Median Home Prices in Missoula
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula Home Sales
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula Listing Inventory
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula Absorption rates
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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A Colorado Plateau Holidayhttp://www.mindypalmer.com/colorado-plateau-holiday/ http://www.mindypalmer.com/colorado-plateau-holiday/#comments Sat, 04 Jan 2014 17:26:00 +0000 http://www.mindypalmer.com/?p=20716 We just returned from an amazing 9 day vacation touring some of the amazing landscapes Read more

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We just returned from an amazing 9 day vacation touring some of the amazing landscapes of the Colorado Plateau in Utah, Colorado, and Arizona. We toured and/or hiked all through Arches National Park, Dead Horse Point State Park, Canyonlands National Park (Needles & Island in the Sky), Colorado National Monument, Monument Valley Navajo Tribal Park, Natural Bridges National Monument, Bryce canyon National Park, and Zion National Park. Incredible scenery and amazing landscapes all the way around. If you’ve never been to any of these places, we highly recommend a visit.
 
A selection of some of our favorite photos from this trip is displayed below. Click on any photo to open up a slide show of all the photos. Enjoy!
 
Zion National Park - 01
Zion National Park - 09
Zion National Park - 02
Zion National Park - 10
Zion National Park - 03
Zion National Park - 12
Zion National Park - 04
Zion National Park - 13
Zion National Park - 05
Zion National Park - 14
Zion National Park - 06
Zion National Park - 15
Zion National Park - 07
Zion National Park - 16
Zion National Park - 08
Zion National Park - 17
Zion National Park - 18
Zion National Park - 19
Arches National Park - 01
Arches National Park - 02
Arches National Park - 03
Arches National Park - 04
Arches National Park - 05
Arches National Park - 06
Arches National Park - 07
Arches National Park - 08
Arches National Park - 09
Arches National Park - 10
Arches National Park - 11
Arches National Park - 12
Arches National Park - 13
Arches National Park - 14
Arches National Park - 15
Arches National Park - 16
Arches National Park - 17
Arches National Park - 18
Arches National Park - 19
Arches National Park - 20
Arches National Park - 21
Arches National Park - 22
Arches National Park - 23
Arches National Park - 24
Arches National Park - 25
Arches National Park - 26
Arches National Park - 27
Arches National Park - 28
Arches National Park - 29
Arches National Park - 30
Arches National Park - 31
Arches National Park - 32
Arches National Park - 33
Arches National Park - 34
Arches National Park - 35
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 01
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 02
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 03
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 04
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 05
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 06
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 07
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 08
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 09
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 10
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 11
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 12
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 13
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 14
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 15
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 16
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 17
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 18
Dead Horse Point State Park - Canyonlands National Park (Island in the Sky) - 19
Canyonlands National Park (Needles) - 01
Canyonlands National Park (Needles) - 02
Canyonlands National Park (Needles) - 03
Canyonlands National Park (Needles) - 04
Canyonlands National Park (Needles) - 05
Canyonlands National Park (Needles) - 06
Canyonlands National Park (Needles) - 07
Canyonlands National Park (Needles) - 08
Canyonlands National Park (Needles) - 09
Canyonlands National Park (Needles) - 10
Canyonlands National Park (Needles) - 11
Canyonlands National Park (Needles) - 12
Canyonlands National Park (Needles) - 13
Canyonlands National Park (Needles) - 14
Canyonlands National Park (Needles) - 15
Canyonlands National Park (Needles) - 16
Canyonlands National Park (Needles) - 17
Canyonlands National Park (Needles) - 18
Canyonlands National Park (Needles) - 19
Canyonlands National Park (Needles) - 20
Canyonlands National Park (Needles) - 21
Canyonlands National Park (Needles) - 22
Canyonlands National Park (Needles) - 23
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 01
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 02
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 03
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 04
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 05
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 06
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 07
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 08
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 09
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 10
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 11
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 12
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 13
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 14
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 15
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 16
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 17
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 18
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 19
Monument Valley Navajo Tribal Park - Natural Bridges National Monument - 20
Bryce Canyon National Park - 01
Bryce Canyon National Park - 02
Bryce Canyon National Park - 03
Bryce Canyon National Park - 04
Bryce Canyon National Park - 05
Bryce Canyon National Park - 06
Bryce Canyon National Park - 07
Bryce Canyon National Park - 08
Bryce Canyon National Park - 09
Bryce Canyon National Park - 10
Bryce Canyon National Park - 11
Colorado National Monument - 01
Colorado National Monument - 02
Colorado National Monument - 03
Colorado National Monument - 04
Colorado National Monument - 05
Colorado National Monument - 06
Colorado National Monument - 07

 

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The Missoula Real Estate Market – December, 2013http://www.mindypalmer.com/missoula-real-estate-market-december-2013/ http://www.mindypalmer.com/missoula-real-estate-market-december-2013/#comments Fri, 06 Dec 2013 16:05:53 +0000 http://www.mindypalmer.com/?p=20408 At the end of November, 12 month median home prices were up 2.6%, 12 month Read more

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At the end of November, 12 month median home prices were up 2.6%, 12 month total home sales were up 24.8%, the 12 month average listing inventory was down 13%, and the 12 month average absorption rate was down 28.6%.

Market Statistics

Median Home Price20122013+/-
November$209,700$205,750- 1.9%
3 Month Average$209,567$210,950+ 0.7%
12 Month Average$206,720$212,054+ 2.6%
Home Sales20122013+/-
November7696+ 26.3%
3 Month Total279308+ 10.4%
12 Month Total10671332+ 24.8%
Listing Inventory20122013+/-
November700622- 11.1%
3 Month Average769663- 13.8%
12 Month Average822715- 13.0%
Absorption Rate20122013+/-
November9.2 Months6.5 Months- 29.4%
3 Month Average8.4 Months6.5 Months- 22.6%
12 Month Average9.8 Months7.0 Months- 28.6%

Median Home Price

Graph of Missoula Home Price Trends
The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
 


Home Sales

Graph of Missoula Home Sales Volume
Home sales represents the number of closed residential sale transactions during the indicated time period.
 


Listing Inventory

Graph of Missoula Listing Inventory Trends
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
 


Absorption Rate

Graph of Missoula area absorption rates
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales.

For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months.

(100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months

In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.


The statistics and graphs presented above are updated every month and represent residential sales and inventory data for the greater Missoula area real estate market. The data is taken directly from the Missoula Organization of Realtors multiple listing service (MLS) database.
 

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