Explore Missoula, MT

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
When to Sell the Temporary Rental - 4/15/2013  Some homeowners, who were not able to sell during the recession, chose to rent their homes instead.  In some cases, they didn't need to sell their home at the depressed prices and opted to rent it until the market recovered. It's a valid strategy but...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 1
Boomerang Buyers - 4/8/2013  It's estimated that 10% of the homes sold in 2013 will be to buyers who lost a home in the past five years.  Approximately 500,000 buyers who may have thought they wouldn't own a home anytime in the near future will be homeowners again. It's estimated that several mil...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
It appears we're seeing more good news that the Missoula residential market is on a steady pace of recovery.  Now that the 1st quarter is in the books I looked back at the amount of sales volume, the median sales price, the impact of REO/Foreclosure sales, and the amount of market supply.  The da...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Bunch Your Taxes and Save - 4/1/2013  One of the drawbacks to low mortgage rates is that the total interest and property taxes paid for the year may be lower than the standard deduction.  A little planning might be able to help you at least every other year. Most homeowners know they can deduct t...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 1
Eliminate the Mortgage Insurance - 3/25/2013  Pre-paying your mortgage can save thousands in interest and build equity in your home. As cheap as mortgage rates are currently, they're higher than you can earn on your savings. If you don't need the money any time soon, pre-paying the mortgage can b...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Maintaining Comfort - 3/18/2013  Some people refer to the heating and air conditioning systems as the "comfort systems."  If you've ever had to be without one in the dead of winter or the heat of summer, lack of comfort may be an understatement.  Simple maintenance with a HVAC checklist is someth...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 2
Your Deduction...Your Choice - 3/11/2013  Taxpayers are allowed to decide each year whether to take the standard deduction or to itemize their deduction when filing their personal income tax returns.  Roughly, 75% of households with more than $75,000 income and most homeowners itemize their deduc...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Low inventory is a relative term depending on how you're comparing it. Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area? In some situations, it's a combination of all of those things. In any given market, inventori...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA's policy on...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 1
Ahh the Mullan Road area, the fastest growing area of town and the place I call home.  Of course our main attraction out here is "North Reserve" which is full of the typical big-box commercial stores you'd find in towns all across the US.  This area features a school that is bursting at the seams...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
One of the older parts of town the Northside is usually referred to as the residential area which can be found north of the train tracks that come through town and the old Westside is south of the tracks, north of Broadway, and head as far east as Russell Street.  These areas feature some of the ...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
A little history lesson, as I was always told - who knows maybe it's just a myth.  Missoula used to just be north of the Clark Fork River however as it began to expand a few prominent families moved south of the river and streets/city blocks begun to form.  The Higgins family and Stephens family ...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Alright, lets get these neighborhood-specific reports going for year-end activity.  I've been awfully busy these last few weeks so that's kept me from getting these up sooner.  Over the next few weeks I will post more areas/neighborhoods - also I'll provide numbers from the Bitterroot Valley as w...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
I was hoping to get them together this last week, however we sometimes hit issues with late reporting.  A little preivew for the Missoula area.   - A little over 960 sales accounting for just about a 20% volume increase - A final median sales price close to $210,000 for the market - A slow new co...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 2
For the third part of my recap blog I figured I’d give a preview of the additional events that you take part of and sights that you see when attending the NAR end of year convention.   The days don’t just end when the classes wrap up around 4 or 5 pm.  There are all sorts of events that take plac...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Thanksgiving and just being busy in general interrupted my chain of posts I wanted to do upon my return from the NAR convention in Orlando.  My first part was some overall opinions on some points where I see a disconnect between NAR, the common Realtor, the consumer, and the marketplace.  For thi...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Missoula has just kicked off its 4th quarter and the market is still moving at a tremendous pace compared to years before.   As always, here are some numbers to show you how things are going in our little college town here in Western Montana. Missoula’s 3rd quarter was a busy one, in our valley w...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 1
I've just put a very general description together of the difference on these two different types of sales processes.  I still have people asking me weekly what the difference is - so I figured I'd throw this out there.  As I said, very general and specific to my own experiences and observations h...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
The other day at the Missoula Organization of Realtors board meeting the discussion came up that a lot of reports you see which show the list price of a home compared to the sales price isn't the most accurate.  One of my colleagues pointed out that the MLS grabs the price at the time the offer w...

By Brint Wahlberg, The Wahlberg Team
(Windermere Real Estate)
Comments 0
Taking a quick snapshot at our market and how it's doing, looking at what's currently active vs what has sold in the last 31 days: $0 - $150k:       70 active / 21 sold = 3.33 months $150k - $200k:  187 active / 22 sold = 8.5 months $200k - $275k:  146 active / 28 sold = 5.2 months $275k - $350k:...

Missoula, MT Real Estate Professionals