2019 Year End | Market Report A COMPREHENSIVE ANALYSIS OF THE RESIDENTIAL REAL ESTATE MARKET IN BIG SKY, MONTANA
B I G S K Y, M T
Units Sold
Meadow Village
Avg. Sold Price Avg. Days on Market Units Sold
Mountain Village
Avg. Sold Price Avg. Days on Market Units Sold
Gallatin Canyon
Avg. Sold Price Avg. Days on Market Units Sold
Spanish Peaks 77 Travertine - Agent for the Buyer & Seller Yellowstone Club | $7,950,000
Avg. Sold Price Avg. Days on Market Units Sold
Moonlight
Avg. Sold Price Avg. Days on Market
B I G S K Y, M T
Units Sold
Meadow Village
Avg. Sold Price Avg. Days on Market Units Sold
Mountain Village
Avg. Sold Price Avg. Days on Market Units Sold
Spanish Peaks
Avg. Sold Price Avg. Days on Market Units Sold
Moonlight Basin
Avg. Sold Price Avg. Days on Market
106 Diamond Hitch - Agent for the Buyer Big Sky | $3,750,000
B I G S K Y, M T
Units Sold
Meadow Village
Avg. Sold Price Avg. Days on Market Units Sold
Mountain Village
Avg. Sold Price Avg. Days on Market Units Sold
Gallatin Canyon
Avg. Sold Price Avg. Days on Market Units Sold
Spanish Peaks
Avg. Sold Price Avg. Days on Market Units Sold
100 Red Moose Lane - Agent for the Seller Big Sky | $2,450,000
Moonlight Basin
Avg. Sold Price Avg. Days on Market
S I N G L E FA M I LY H O M E S A L E S Q4 2018
Q4 2019
%
10
4
-60%
$1,119,396
$1,301,250
+16%
115
46
-60%
3
1
-67%
$2,636,667
$7,100,000
+170%
208
275
32%
8
0
-100%
$1,118,625
$0
-100%
238
0
-100%
5
2
-60%
$2,700,000
$3,475,000
+29%
189
307
+62%
2
1
-50%
$2,682,315
$1,750,000
-35%
93
441
+374%
16 Cowboy Heaven Spur Road - Agent for the Buyer Big Sky | $7,500,000
CONDOMINIUM SALES Q4 2018
Q4 2019
%
17
33
$647,684
$422,289
-35%
118
21
-82%
+94%
26
20
-23%
$711,438
$795,775
+12%
206
126
-39%
1
0
-100%
$1,900,000
$0
-100%
356
0
-100%
1
4
+300%
$799,000
$2,631,966
+229%
138
65
-53%
189 Rocky Creek Road - Agent for the Seller Emigrant | $5,950,000
LAND SALES Q4 2018
Q4 2019
%
6
8
$701,408
$343,188
-51%
274
456
+66% +71%
+33%
7
12
$431,571
$461,625
+7%
261
227
-13%
5
6
+20%
$335,800
$635,500
+89%
902
496
-45%
4
3
-25%
$607,500
$1,421,667
+134%
483
408
-16%
1
1
0%
$1,800,000
$1,425,000
-21%
733
202
-72%
39 Homestead Cabin - Agent for the Seller Big Sky | $1,789,000
B I G S K Y, M T
Units Sold
Meadow Village
Avg. Sold Price Avg. Days on Market Units Sold
Mountain Village
Avg. Sold Price Avg. Days on Market Units Sold
Gallatin Canyon
Avg. Sold Price Avg. Days on Market Units Sold
Spanish Peaks 12400 Gooch Hill - Agent for the Seller Big Sky | $1,495,000
Avg. Sold Price Avg. Days on Market Units Sold
Moonlight
Avg. Sold Price Avg. Days on Market
B I G S K Y, M T
Units Sold
Meadow Village
Avg. Sold Price Avg. Days on Market Units Sold
Mountain Village
Avg. Sold Price Avg. Days on Market Units Sold
Spanish Peaks
Avg. Sold Price Avg. Days on Market Units Sold
Moonlight Basin
Avg. Sold Price Avg. Days on Market
136A Pheaant Tail Ln - Agent for the Seller Big Sky | $1,100,000
B I G S K Y, M T
Units Sold
Meadow Village
Avg. Sold Price Avg. Days on Market Units Sold
Mountain Village
Avg. Sold Price Avg. Days on Market Units Sold
Gallatin Canyon
Avg. Sold Price Avg. Days on Market Units Sold
Spanish Peaks
Avg. Sold Price Avg. Days on Market Units Sold
245 Rain In Face Road - Agent for the Buyer Big Sky | $975,000
Moonlight Basin
Avg. Sold Price Avg. Days on Market
S I N G L E FA M I LY H O M E S A L E S 2018
2019
%
33
23
$1,222,336
$1,101,978
-10%
137
69
-50%
-30%
8
3
-63%
$2,178,790
$4,450,000
+104%
137
229
+67%
22
11
-50%
$900,250
$1,232,091
+37%
195
233
+19%
13
15
+15%
$2,885,846
$3,528,116
+22%
272
182
-33%
17
20
+18%
$2,303,985
$2,847,573
+24%
158
189
+20%
14232 Hebgen Lake Road - Agent for the Buyer West Yellowstone | $987,789
CONDOMINIUM SALES 2018
2019
%
89
92
$500,132
$525,177
+5%
88
30
-66% +239%
+3%
23
78
$645,976
$625,287
-3%
177
149
-16%
3
0
-100%
$2,516,667
$0
-100%
274
0
-100% +163%
8
21
$1,047,798
$1,900,333
+81%
114
196
+72%
10 Red Cloud Loop - Agent for the Seller Big Sky | $1,030,000
LAND SALES 2018
2019
%
42
57
+36%
$410,709
$633,577
+54%
432
210
-51%
20
26
30%
$576,245
$451,712
-22%
222
237
+7%
11
9
-18%
$367,545
$648,143
+76%
522
373
-29% +400%
4
20
$576,933
$935,525
+62%
293
407
+39% +120%
5
11
$1,213,000
$987,955
-19%
446
174
-61%
5 Upper Cascade Ridge - Agent for the Buyer Big Sky | $2,195,000
Meadow Village The Meadow Village is the heart of Big Sky, home to the majority of year-round residents. With a wide variety of dining, shopping, and entertainment options, Big Sky Resort’s Arnold Palmer-designed public golf course sits under the gaze of Lone Peak. Set a little further back in the Meadow is the Community Park, featuring multi-use sporting fields, a skate park, tennis courts, a playground, picnic pavilion, and a disc golf course. During the winter months, cross-country ski trails make their way through Meadow Village neighborhoods. Also within Big Sky’s Meadow Village is the Big Sky Town Center, known as Big Sky’s downtown. Featuring dining, shopping, grocery stores, and nightlife, in the summer months it is the setting for free outdoor weekly concerts and farmers’ markets, along with other specialty events. During the winter months, the Town Center features an outdoor ice skating and hockey rink, equipped with lights for evening fun.
42
Active Residential Listings
1,200,000 5.5
3.8
3.1
Median Residential List Price for Meadow Village
6.3
$
HOMES DEC 18
HOMES DEC 19
CONDO DEC 18
CONDO DEC 19
1280 ANDESITE BIG SKY, MT 59716 4 BEDROOMS 4 BATHROOMS 4,232 SQUARE FEET MLS #341411 LISTED AT $1,999,000
Aspen Groves offers large wooded lots off the beaten path but with easy access to everything Big Sky. This is a great home on a double lot with beautiful treed, outdoor living areas. This home a great place to entertain family and friends. Xcountry ski or hike the Middle Fork from this property.
326 SPRUCE CONE BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,097 SQUARE FEET MLS #340604 OFFERED AT $1,100,000
This home is all about balance: work/life balance... recreate/recover balance... outdoor/indoor balance. There are creative, whimsical touches mixed with dramatic, sexy spaces. Significant stone walls and fireplaces are softened with sleek fixtures and mood lighting. Compared to the surrounding homes, this is a larger-than-average lot and a larger-than-average house, but everything is proportionate.
Mountain Village The iconic Mountain Village operates as the ski area’s hub of activity and nightlife. Amenities include 5,800 acres of world class skiing, including 150 named runs covering over 85 miles on three mountains and a tram-accessible 11,166 foot peak, heated outdoor pools, hotels, 18-hole Arnold Palmer golf course located in the Meadow, and a variety of on-mountain summer activities including zip-line tours, Lone Peak expeditions, skeet shooting, archery and mountain biking. Big Sky Resort offers over 40 miles of mountain biking trails from the Mountain Village and the area’s only lift accessible downhill trails from the Swift Current, Thunder Wolf, and Explorer lifts.
61
Active Residential Listings
1,089,375 7.6
9.2
8.2
Median Residential List Price for Mountain Village
7.7
$
HOMES DEC 18
HOMES DEC 19
CONDO DEC 18
CONDO DEC 19
SUMMIT CONDO #10804 BIG SKY, MT 59716 1 BEDROOMS 2 BATHROOMS 1,002 SQUARE FEET MLS #330523 OFFERED AT $399,000
under contract
42 LOW DOG ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,216 SQUARE FEET MLS #326721 OFFERED AT $2,500,000
Situated on the quiet Low Dog Road, this ski home a short walking distance to Big Sky Mountain Village. Ski directly from your house to the high-speed Thunder Wolf lift and return at the end of the day on the Low Dog ski trail. With 5 bedrooms (3 ensuite), an executive office, two living areas it easily accommodates 12 people. Enjoy the spacious great room with soaring ceilings, chinked log frame, and impressive masonry fireplace.
Enjoy the Lone Mountain views after a day of skiing from this 8th floor condominium. The suite is comprised of a studio complete with a kitchen, dining area, murphy bed, gas fireplace & bath with dbl vanity, jetted tub & shower. The other room offers 2 queen beds,a wet bar and 3/4 bath. Ski-in, ski-out to this luxury condo w/the amenities of a hotel.
Gallatin Canyon The Scenic Gallatin Canyon, follows the beautiful Gallatin River to the turnoff to Big Sky. Highway 191 makes its way from the Bozeman area to the north and West Yellowstone to the south. Many people opt to live or stay in the Canyon area, which features a variety of dining and lodging options, along with riverfront homes, custom mountain homes, cabins, and home sites. Life in the Gallatin Canyon features a myriad of wildlife and outdoor activities. Bald eagles, bighorn sheep, bears, moose and elk are all residents. In the summer months, many people recreate on the Gallatin River, fishing, kayaking and whitewater rafting. The Canyon also features spectacular hiking, mountain biking, and rock climbing opportunities that lead to great heights above the valley floor.
21
Active Residential Listings
1,500,000 HOMES DEC 18
7.0
Median Residential List Price for Gallatin Canyon
8.0
$
HOMES DEC 19
CONDO DEC 18
CONDO DEC 19
199 KARST CREEK LN GALLATIN GATEWAY, MT 59730 4 BEDROOMS 4 BATHROOMS 3,208 SQUARE FEET MLS #334644 OFFERED AT $1,250,000
under contract
49622 GALLATIN ROAD GALLATIN GATEWAY, MT 59730 2 BEDROOMS 3 BATHROOMS 3,297 SQUARE FEET MLS #334460 OFFERED AT $3,600,000
This is Big Sky's finest fishing property, just steps from the Gallatin's world class fly-fishing. This section of river features excellent fishing opportunities, where one can fish to rising trout and match the hatch from the property. Entertain and enjoy the splendor of the Gallatin from this 2,234 sf wrap-around deck. Surrounded by alpine splendor and natural beauty this 5.32 acre riverfront property is one of a kind. A true legacy property.
This is an exceptional property located across the Parkview West bridge and just South of the Subdivision at the end of the road. The home sits on 2 wooded acres adjacent to public lands to the West and South with Gallatin River access just steps away through Durnam Meadows. Mica creek runs through the property year round. Relax in total privacy on the covered wrap around decks to the sounds of the creek as it tumbles by the house.
Spanish Peaks Spanish Peaks Mountain Club is a 5,800-acre private ski and golf community located between Big Sky Resort and the Yellowstone Club within the Andesite and Flat Iron Mountains. With a selection of custom mountain homes and home sites that range from 1 to 25 acres, the centerpiece of Spanish Peaks is the Clubhouse, a 32,000-square-foot mountain lodge that serves as a community gathering space and the basecamp for golf and skiing.  During the summer, The Spanish Peaks Mountain Club offers one of the finest golf courses in the Rocky Mountains. An alpine course with an open meadow feel, the Tom Weiskopf-designed Club at Spanish Peaks Golf Course features spectacular mountain views, frequent wildlife sightings, and a feeling that you have the place all to yourself. Here, golf members are surrounded by Montana’s wild beauty, with wildflower-filled meadows, pine forests, and a sense of solitude on the greens. Fishermen can also enjoy over four miles of private access on tributaries of the Gallatin River.
18
Active Residential Listings
3,610,667
$
4.8
4.6
4.9
Median Residential List Price for Spanish Peaks
HOMES DEC 18
HOMES DEC 19
CONDO DEC 18
CONDO DEC 19
170 NIGHHAWK FORK BIG SKY, MT 59716 4 BEDROOMS 5 BATHROOMS 2,703 SQUARE FEET MLS #334372 OFFERED AT $2,950,000
under contract
430 CLUBHOUSE FORK BIG SKY, MT 59716 4 BEDROOMS 5 BATHROOMS 2,585 SQUARE FEET MLS #341228 OFFERED AT $2,675,000
Your dream cabin in the woods awaits you right in the heart of Spanish Peaks Mountain Club. This Homestead Cabin sits amongst a beautiful pine forest on the 17th green of a signature Tom Weiskopf golf course. Cabin 6 sits on a dead end road, which allows for an extremely private area with exceptional ski-in/ski-out access and a 2 minute walk to the clubhouse.
For the first time, this premier Cabin has finally come to market. Initially purchased prior to public release and has been host to one homeowner to date. It is perfectly situated along the first hole of the private Tom Weiskopf Signature golf course and its ski in/ski out access is superior to any location in Big Sky. The best in privacy and convenience offered at Spanish Peaks, its floor plan and unique outdoor spaces make it home.
Moonlight Basin Moonlight Basin is an 8,150 acre public business model situated between Lone Mountain and the Spanish Peaks range in the Jack Creek drainage of Madison County. Amenities include a spa, 8,000-yard Jack Nicklaus golf course and 1,900 acres of pristine groomers, tree glades, and challenging steep terrain (with more terrain to come). Hiking, snowshoeing, archery, dog sledding, Nordic, mountain biking and paddling at Ulery’s Lake with some of best views of Beehive Basin and the Spanish Peaks that you can find in Big Sky. Vacant land parcels vary in size from 1 acre to 160 acres. Residential options include private ski-in, ski-out homes, cabins, and condos. Much of their real estate can be accessed on skis to both Moonlight Basin and Big Sky Resort’s 5,800 skiable acres.
23
Active Residential Listings
2,400,000
$
HOMES Q1 19
CONDO Q1 18
8.2
3.5
HOMES Q1 18
7.0
3.1
Median Residential List Price for Moonlight Basin
CONDO Q1 19
5 ROUGH RIDER BIG SKY, MT 59716 6 BEDROOMS 7 BATHROOMS 9,381 SQUARE FEET MLS #340261 OFFERED AT $8,500,000
under contract
98 DIAMOND HITCH ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 7,466 SQUARE FEET MLS #340520 OFFERED AT $6,100,000
Easy ski-in, ski-out to Moonlight and Big Sky Ski Resort. Designed by acclaimed architect, Weldon Turner and built by Blue Ribbon Builders, this flawless home is a masterpiece of design and construction. Native and reclaimed natural materials were used to produce timeless spaces with easy warmth and grace. The vaulted great room ceiling is a piece of art forged of steel and huge hand hewn wood beams. This is a beautiful and very unique home.
Lucky Star Lodge is a 10-10 for quality craftsmanship, enduring design, and a superior slopeside address. The end-ofthe-road location at Moonlight Basin provides ultimate privacy and outstanding unending everchanging mountain views. Reclaimed timber frame and siding encase 6 bedrooms, 6 fireplaces, 3 living rooms, 4 laundry rooms, 2-car garage, 10 ski lockers, library and more.
BIG SKY BROKERAGE
33 Lone Peak Drive Unit 105 Big Sky, MT 59716
BOZEMAN BROKERAGE 2000 S.3rd Ave Ste A Bozeman, MT 59715
PO Box 160056 Big Sky, MT 59716-0056 bigskysir.com
GIVING
Big Sky Sotheby’s International Realty Gave over $25,000 to the following amazing causes/organizations in 2019:
Big Sky Skijoring - The Best in the West Showdown Arts Council of Big Sky - Art Auction The Rotary Club of Big Sky Hearth of the Valley-Snowshoe Shuffle St. Andrew School Special Olympics Belgrade Youth Baseball ALL IN. Big Sky Community Corporation Big Sky Bravery
Big Sky Ski Education Foundation Big Sky Skating & Hockey Assoc. Habitat for Humanity Friends of Big Sky Education Scholarship Gallatin Valley Food Bank Women In Action - Par the Peaks Shriners Hostpitals for Children Trout Unlimited - Madison/Gallatin
This material is based upon information that we 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. This offering is subject to errors, emissions, changes, including price, or withdrawal without notice. 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.