Missoula's neighborhood trends - The Rattlesnake
By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
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 look at 2010. There were 50 residential sales with a median sales price of $314,950. The average time on market for the sold listings only was 116 days. The median listing price of homes in the Rattlesnake for 2010 was $334,000 so comparing median list to median sales you get homes selling for about 94% of their original list price based upon these 50 sales. Of these 50 sales there was just 1 foreclosure sale. Now fast forward to 2011. There were 59 resi...
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