Page 18 - HC Trends Report 2022

REAL ESTATE
$2,000 $1,500 $1,000
AVERAGE RENT FOR HOME OR APARTMENT
HELENA HOUSING SALES:
$1,433 $1,278
$892
Number of Homes Sold 2016 2017 1,041 983
2018 2019
954 796
2020 2021
1,050 986
2020 2021
$573 $703 $500
$0
(Source: Helena Association of Realtors, Bestplaces.net)
Average Home Sales Price
2016 2017 2018 2019
Studio 1
$256,331 $269,385 $283,190 $301,411 $352,234 $439,800
Average Days on Market
2017 2018 2019 2020 2021
106 94 53 10 48
2 3
Bedroom Bedroom Bedroom Bedroom
4
HOUSING
LEWIS AND CLARK COUNTY:
Housing Starts: (Excludes Helena)
2014 - 203...................Down 21% - Plus 48 in Helena
2015 - 182...................Down 10% - Plus 62 in Helena
2016 - 212...................Up 16.5% - Plus 50 in Helena
2017 - 225...................Up 6.8% - Plus 23 new multi-family dwellings (duplexes, triplexes, fourplex, etc.) 2018 - 183...................Up 28.9%
2019 - 208...................Up 13.5%
2020 - 260...................Up 28% - Plus 39 in Helena
2021 - 303...................Up 14%
(Source: Montana Building Industry Association)
RESIDENTIAL PERMITS - City of Helena
2014................205 permits = $41.8 million 2015................301 permits = $33.3 million 2016................263 permits = $48.6 million 2017................232 permits = $28.9 million 2018................364 permits = $43.65 million 2019................316 permits = $42.3 million 2020................247 permits = $22.5 million 2021................251 permits = $56.34 million
Incudes: 394 re-roofs
(Source: City of Helena)
COMMERCIAL PERMITS - City of Helena
2014................229 permits = $49.3 million 2015................261 permits = $68.9 million 2016................217 permits = $67.2 million 2017................196 permits = $47.1 million 2018................169 permits = $99.4 million 2019................156 permits = $46.2 million 2020................146 permits = $51.8 million 2021................188 permits = $116.7 million
18 2022 Trends Report