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BIG SKY

MARKET WATCH Q4 2017 COVERING BIG SKY RESORT, MOONLIGHT BASIN, GALLATIN CANYON, MEADOW VILLAGE, SPANISH PEAKS MOUNTAIN CLUB AND YELLOWSTONE CLUB


OUR SIGNIFICANT SALES

800 Appaloosa, Gallatin Gateway Laura T. Sacchi, Broker & Allison Gilley, Broker

Q3 MARKET REVIEW

Saddle Ridge J1, Moonlight Basin Callie Pecunies, Broker

MARKET OBSERVATIONS DEC 2017 compared to DEC 2016

Market Observations

3

Resort/Area Overview

3

Significant Sales

92

Q 4 Sales Volume

97

Closed Sales

Units

$

Charts & Data

Million

4-11

Pending Sales

Q 4 Tr a n s a c t i o n s

$

Median Condo Sales Price

20

Inventory Levels

Million

1

Q 4 H i g hest Sale

Cover Property: Yellowstone Club, Big Sky, Montana | bit.ly/bssir308563 © MMVI Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated. Source of all data contained in this report is the Gallatin Association of Realtors, Multiple Listing Service. Information is consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. Consult your Big Sky Sotheby’s Int’l Realty sales associate for more information.

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Moonlight Q4 2017 Pending: 12 Sold: Condos/Twnhm: 8 Homes: 5 Homesites: 1 New Development Pending: 8 New Development Sold: 7 Big Sky Q4 2017 Pending: 24 Sold: Condos/Twnhm: 18 Homes: 2 Homesites: 3 New Development Pending: 9 New Development Sold: 0

Yellowstone Club Q4 2017 Pending: 1 Sold: Condos/Twnhm: 0 Homes: 0 Homesites: 1

Spanish Peaks Q4 2017 Pending: 3 Sold: Condos/Twnhm: 0 Homes: 1 Homesites: 5 New Development Pending: 2 New Development Sold: 1

Meadow Village Q4 2017 Pending: 21 Sold: Condos/Twnhm: 20 Homes: 10 Homesites: 11 New Development Pending: 6 New Development Sold: 4

Gallatin Canyon Q4 2017 Pending: 5 Sold: Condos/Twnhm: 0 Homes: 6 Homesites: 4 New Development Pending: 1 New Development Sold: 0

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MARKET DETAILS | ALL OF BIG SKY

All of Big Sky Total S $300,000,000

1st Qtr Volume

2nd Qtr Volum

0 40

336 0 30

$225,000,000

Units

0

20

169

210

$44,810,78

0

10

$150,000,000

124

0

$39,965,150

$25,054,668 $36,841,872

$75,000,000

$27,150,399 $20,019,200 $0

$16,857,302 2010

$25,188,550 $21,279,891 2011

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$31,906,075 $26,242,250 $27,762,700

$44,759,90

$37,575,40

$33,791,23

$16,750,238 2012

2013


MARKET DETAILS | ALL OF BIG SKY

Sales Vol. and Number of Sales

me

89

3rd Qtr Volume

$92,576,466

372

313

$89,549,094

292

301

Q4 Volume & Year-end Units Sold

$43,644,616 $75,517,225

$71,215,885 $84,422,496

Q3 Volume

$52,184,550

06

$70,128,250

$34,647,460 $58,926,384 $49,594,666

02

30

4th Qtr Volume

$40,960,785

2014

$32,271,030 2015

Q2 Volume

$42,586,900

$45,526,844

$48,018,712

2016

2017

Q1 Volume

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Table 2 # OF SALES SALES VOLUME

AVG. SALE

MEDIAN SALE

Q1 2014

20

18,536,926

825,390

545,000

Q2 2014

22

32,011,500

1,394,575

997,500

Q3 2014

28

28,541,669

962,372

644,866

Q4 2014

20

63,394,130

2,554,333

1,625,000

Q1 2015

13

14,994,500

1,039,500

965,000

Q2 2015

13

19,235,500

1,238,682

1,200,000

Q3 2015

13

10,897,580

805,024

725,000

Q4 2015

26

39,774,837

1,241,980

1,179,554

Q1 2016

14

23,129,374

1,634,198

1,070,000

Q2 2016

13

18,446,000

1,309,636

1,025,000

1,528,762

1,277,000

BigQ3Sky, | 2016 Montana 22

bit.ly/bssir312674 35,749,000

Q4 2016

13

12,699,000

924,455

875,000

Q1 2017

12

13,802,886

1,045,289

722,500

Q2 2017

19

30,221,900

1,590,626

1,345,000

Home Sales - Q4 2017

AVERAGE SALES35,450,000 PRICE/SQ.1,441,364 FT. WAS $422 Q3 2017 24 1,296,250 AVERAGE SALES33,093,820 PRICE FOR1,272,637 SINGLE FAMILY HOMES $1,395,403 Q4 2017 25 1,105,000 Single Family Residential Quarterly Sales Data $40,000,000

$1,700,000

26

26

24

22

$30,000,000

13

$10,000,000

$0

$1,275,000

19

20

$20,000,000

25

13

13

14

13

13

13

$850,000

12

$425,000

7

0 Q2 2015

Q3 2015

Q4 2015

SALES VOLUME

Q1 2016

Q2 2016 AVG. SALE

Q3 2016

Q4 2016

Q1 2017

MEDIAN SALE

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Q2 2017

Q3 2017

# OF SALES

Q4 2017

$0


Table 2 # OF SALES

SALES VOLUME

AVG. SALE

MEDIAN SALE

Q1 2014

36

$16,300,859

$425,172

$305,000

Q2 2014

34

$22,693,884

$488,090

$367,500

Q3 2014

43

$20,079,081

$440,034

$273,000

Q4 2014

46

$15,797,964

$331,204

$285,000

Q1 2015

23

$12,116,530

$483,763

$359,900

Q2 2015

37

$19,066,666

$443,448

$300,000

Q3 2015

29

$15,027,500

$452,833

$390,000

Q4 2015

45

$25,612,388

$522,021

$325,000

31

$12,356,630

$344,625

$300,000

20

$17,131,400

$335,000

$388,278

2016 BigQ1 Sky, Montana |

bit.ly/bssir314061

Q2 2016

Condo Sales - Q4 2017 Q3 2016

48

$21,985,496

$424,554

$323,750

Q4 2016

57

$26,852,116

$447,184

$350,300

Q1 2017 $26,133,201 $603,031 $415,000 AVERAGE SALES41PRICE FOR CONDOS IN THE MEADOW - $446,604 Q2 2017 $28,033,850 $549,683 AVERAGE SALES51PRICE FOR CONDOS ON THE$372,500 MOUNTAIN - $581,134 Q3 2017

46

$24,519,435

$513,851

$417,250

Q4 2017

48

$26,261,146

$536,514

$437,250

Condo/Townhome Quarterly Sales Data $30,000,000

$700,000

57

60 $22,500,000 45

51

48

45

46

30

$525,000

41

37

$15,000,000

48

31

29

$350,000

20 $7,500,000

$0

$175,000

15

0 Q2 2015

Q3 2015

Q4 2015

Q1 2016

SALES VOLUME

Q2 2016

Q3 2016

AVG. SALE

Q4 2016

Q1 2017

MEDIAN SALE

Q2 2017

Q3 2017

Q4 2017

$0

# OF SALES

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Table 2 # OF SALES

SALES VOLUME

AVG. SALE

MEDIAN SALE

Q1 2014

14

6,123,000

364,833

272,000

Q2 2014

11

4,221,000

345,111

205,000

Q3 2014

11

3,563,800

268,311

185,000

Q4 2014

28

10,357,000

339,423

250,000

Q1 2015

19

5,160,000

217,882

195,000

Q2 2015

25

11,292,500

410,326

330,000

Q3 2015

25

8,722,380

325,911

300,000

19

9,695,000

355,882

325,000

11

3,040,840

258,316

280,000

10

6,384,500

528,063

323,750

26,688,000

551,048

325,000

Q4 2015

Big Sky, Montana | Q1 2016

bit.ly/bssir304237

Q2 2016

Land Sales - Q4232017 Q3 2016 Q4 2016

16

4,093,500

250,893

271,500

Q4 2017

24

33,221,500

596,659

287,500

AVERAGE SALES PRICE IN THE MEADOW WAS $232,300 Q1 2017 22 8,082,625 331,131 300,000 AVERAGE SALES PRICE IN THE CANYON WAS $231,875 Q2 2017 33 11,872,500 359,773 170,000 AVERAGE ON THE MOUNTAIN Q3 2017 SALES PRICE 27 11,246,450 397,458 WAS $1,107,889 325,000 Land Quarterly Sales Data $40,000,000

$600,000 40

33

$30,000,000 30

25

27

25

23

$20,000,000

$0

22

19

20

$10,000,000

10

Q3 2015

Q4 2015

SALES VOLUME

24 $300,000

16 11

0 Q2 2015

$450,000

Q1 2016

10

Q2 2016

AVG. SALE

$150,000

Q3 2016

Q4 2016

Q1 2017

MEDIAN SALE

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Q2 2017 # OF SALES

Q3 2017

Q4 2017

$0


MARKET DETAILS | TOTALS 2017 # OF TRANSACTIONS

TOTOAL DOLLAR VOLUME

AVERAGE SALES PRICE

AVERAGE DOM

AVG PPSF

Under $500,000

210

$58,632,955

$279,205

228

256

$500,001 to $1,000,000

81

$55,993,450

$720,524

181

312

$1,000,001 to $1,500,000

39

$47,351,951

$1,214,153

245

544

$1,500,001 to $2,000,000

17

$28,967,251

$1,703,956

319

483

$2,000,001 to $2,500,000

14

$32,668,386

$2,333,456

325

595

$2,500,001 to $3,000,000

9

$25,045,000

$2,782,778

336

694

$3,000,001 to $3,500,000

3

$10,252,320

$3,417,440

121

822

$3,500,001 to $4,000,000

1

$3,800,000

$3,800,000

567

352

Over $4 Million

1

$20,000,000

$20,000,000

38

$282,711,313

$753,897

229

SALES

RESIDENTIAL TOTAL: Single Family

80

$112,518,606

$1,406,483

237

426

Condo/Twnhm

188

$105,616,632

$561,791

159

280

Land

106

$64,576,075

$420,529

352

Under $500,000 $2,000,001 to $2,500,000 Over $4 Million

$500,001 to $1,000,000 $2,500,001 to $3,000,000

$1,000,001 to $1,500,000 $3,000,001 to $3,500,000

$1,500,001 to $2,000,000 $3,500,001 to $4,000,000

1%

2% 5%

1%

4%

4%

21%

9%

10%

# OF TRANSACTIONS

7%

56%

12%

SALES VOLUME

17%

22% 10% 20%

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MARKET DETAILS | TOTALS 2016 SALES

# OF TRANSACTIONS

TOTOAL DOLLAR VOLUME

AVERAGE SALES PRICE

AVERAGE DOM

Under $500,000

178

$49,584,748

$278,566

216

$500,001 to $1,000,000

61

$40,588,403

$665,383

200

$1,000,001 to $1,500,000

27

$34,397,322

$1,025,000

254

$1,500,001 to $2,000,000

12

$21,028,358

$1,752,363

176

$2,000,001 to $2,500,000

4

$9,645,000

$2,335,000

505

$2,500,001 to $3,000,000

4

$11,095,000

$2,773,750

55

$3,000,001 to $3,500,000

6

$19,933,000

$3,322,166

141

$3,500,001 to $4,000,000

0

$0

$0

0

Over $4 Million

2

$14,925,000

$7,462,500

147

RESIDENTIAL TOTAL:

294

$201,196,831

$632,826

214

Single Family

66

$85,261,417

$1,291,839

229

Condo/Twnhm

137

$72,670,534

$530,441

162

Land

88

$34,869,880

$396,248

290

Under $500,000 $2,000,001 to $2,500,000 Over $4 Million

1% 1% 4%

$500,001 to $1,000,000 $2,500,001 to $3,000,000

$1,000,001 to $1,500,000 $3,000,001 to $3,500,000

$1,500,001 to $2,000,000 $3,500,001 to $4,000,000

1% 2%

7% 10%

9%

25%

6% 5% 21% #

OF TRANSACTIONS

61%

SALES VOLUME 10%

17%

20%

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MARKET DETAILS | TOTALS 2015 SALES

# OF TRANSACTIONS

TOTOAL DOLLAR VOLUME

AVERAGE SALES PRICE

AVERAGE DOM

Under $500,000

178

$49,584,748

$278,566

216

$500,001 to $1,000,000

61

$40,588,403

$665,383

200

$1,000,001 to $1,500,000

27

$34,397,322

$1,025,000

254

$1,500,001 to $2,000,000

12

$21,028,358

$1,752,363

176

$2,000,001 to $2,500,000

4

$9,645,000

$2,335,000

505

$2,500,001 to $3,000,000

4

$11,095,000

$2,773,750

55

$3,000,001 to $3,500,000

6

$19,933,000

$3,322,166

141

$3,500,001 to $4,000,000

0

$0

$0

0

Over $4 Million

2

$14,925,000

$7,462,500

147

RESIDENTIAL TOTAL:

294

$201,196,831

$632,826

214

Single Family

66

$85,261,417

$1,291,839

229

Condo/Twnhm

137

$72,670,534

$530,441

162

Land

88

$34,869,880

$396,248

290

Under $500,000 $2,000,001 to $2,500,000 Over $4 Million

1% 1% 4%

$500,001 to $1,000,000 $2,500,001 to $3,000,000

$1,000,001 to $1,500,000 $3,000,001 to $3,500,000

$1,500,001 to $2,000,000 $3,500,001 to $4,000,000

1% 2%

7% 10%

9%

25%

6% 5% 21%

# OF TRANSACTIONS

61%

SALES VOLUME

10%

17%

20%

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Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated. Equal Housing Opportunity.

Q4 2017 Big Sky, Montana Market Watch  
Q4 2017 Big Sky, Montana Market Watch  
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