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‘No bidding’ drawing for 19 Hellgate Village homes in Missoula nets more than 50 applicants
April 6, 2021 /
In an effort to avoid the bidding wars that can add tens-of-thousands of dollars to the price of a Missoula home, a real estate firm and team of developers over the weekend completed a unique drawing that saw 19 homes sell for the asking price.
“We’ll have to see at that point whether it makes sense to do a drawing or try something else. It has to be a fluid process,” Edgell said. “We are going to have this inventory crisis for the foreseeable future, so I hope it’s a model that people will entertain.”
By Martin Kidston
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