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PHOTO: PEAK PHOTOGRAPHY

A N N U A L

M A R K E T

R E P O R T


Best Real Estate Agency

THANK YOU TO OUR CLIENTS We are proud to announce that our friends, clients, and community voted us the Best Real Estate Agency in Big Sky for two years in a row (2016 and 2017) - we couldn’t have done it without you! We at PureWest Christie’s have dedicated ourselves to offering the best customer service and will continue to do our utmost to honor the trust you have given us. Thank you, Big Sky!

PHOTO: PEAK PHOTOGRAPHY


CONTENTS

02 Big Sky Real Estate Trends 04 Closed Transactions 05 Closed Sales: Moonlight 06 Closed Sales: SPMC 07 Closed Sales: Mountain 08 Closed Sales: Meadow 09 Closed Sales: Canyon 10 Closed Sales By Neighborhood 12 Who We Are

The foregoing information was obtained from the Southwest Montana Multiple Listing Service and while deemed reliable is not guaranteed. Independent investigation before purchase is recommended. Price and availability subject to change without notice. Statistics do not include Yellowstone Club sales


2017 BIG SKY

B I G S K Y, M O N T A N A

real estate trends UNITS sold

2011

216 220

2012

307

2013

OUR TAKE ON THE MARKET Wow, what a year! 2017 was a very exciting year for real estate in Big Sky. The gross sales volume climbed to its highest mark in many years reaching $264,777,333, with 388 closed units. In addition, our active listing volume is at the lowest point since 2009! The average sales price has gone from $656,282 in 2016 to $688,588 in 2017, and the median sales price has also risen from $358,500 in 2016 to $417,250 in 2017.

323

2014 306

2015

316

2016

388

2017

ACTIVE listings

2011

536

481

2012 420

2013 2014

415 445

2015

434

2016 387

2017

$264,777,333

GROSS

$207,385,346

$206,873,813

sales volume

$182,376,331

IN BIG SKY

$121,850,045 $100,814,181

$100,253,263

2011

2012

2

2

2013

2014

2015

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2016

2017


2017 BIG SKY

2017 MARKET REPORT

real estate trends

AVERAGE sales price $688,588 $656,282

$640,476 $596,001 $466,732

$455,696

$396,905 See page 5 for average sales price by neighborhood.

2011

2012

2013

2014

2015

2016

2017

MEDIAN sales price $275,000

$292,450

$280,000

2011

2012

2013

$364,537

$366,000

2014

2015

$358,500

2016

$417,250

2017

AVERAGE days on the market homes

condos/townhomes

DAYS

DAYS

234

165

land

349 DAYS

*All statistics have been taken from the local MLS and while deemed reliable, are not guaranteed. *If you are currently working with another agent this review is not intended as a solicitation. B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

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CLOSED

B I G S K Y, M O N T A N A

transactions

Neighborhoods of Big Sky

MOONLIGHT BASIN

The vacation community you will want to call home - or your home away from home. At Moonlight Basin recreation is limitless with skiing, snowshoeing, golf, hiking, mountain biking, horseback rides, and so much more.

SPANISH PEAKS MOUNTAIN CLUB

Summertime golf access becomes wintertime ski access at the Spanish Peaks Mountain Club. This private ski and golf community offers you the perfect mountain lifestyle.

MOUNTAIN

Own on the Mountain and be at the beck and call of all things recreation. From hiking to skiing to horseback riding, the activities are abundant. In the summer take an expedition to the top of Lone Peak with Big Sky Resort, or ski the mountain powder in the wintertime.

MEADOW

If you love year-round Big Sky activities, the Meadow area may be the perfect place for you. Majestic views and community activities are right outside your door, and you are only minutes from the mountain and river activities.

CANYON

Gallatin Canyon’s defining feature is the magnificent Gallatin River. Scenic and tranquil yet offering many recreational activities, canyon area real estate speaks to those seeking the quintessential Montana property.

4 4

by price point $2,000,000 and up 5%

7%

(6%)

(2%)

17%

$1,500,000 - $2,000,000

(16%)

11%

$1,000,000 - $1,499,999

(12%)

$800,000 - $999,000

4% (5%)

29%

10%

(35%)

(11%)

$600,000 - $799,000 $400,000 - $599,000

17%

(13%)

$200,000 - $399,000

2016 percentages in parenthesis.

Under $199,000

by neighborhood 9%

(10%)

Mountain

28% (34%)

Moonlight Basin 45%

(44%)

12%

SPMC Meadow

(7%)

6%

(5%)

Canyon

2016 percentages in parenthesis.

*All statistics have been taken from the local MLS and while deemed reliable, are not guaranteed. *If you are currently working with another agent this review is not intended as a solicitation.


MOONLIGHT

2017 MARKET REPORT

basin

AVERAGE SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$1,517,500

18

$36,874,820

$1,175,000

14

$17,709,451

$1,122,500

6

$6,430,000

$2,048,601

$1,717,588

HOMES

MEDIAN SALES PRICE

$1,662,267 $1,575,913

$1,174,142 $955,260 2012

2013

2014

2016

2015

2017

CONDOS/TOWNHOMES

$1,264,961

$1,016,000

$851,250 $800,084

$667,388 $622,421 2012

2013

2014

2016

2015

2017

$1,165,000

LAND

$1,045,000

$1,071,667 $975,000

$859,166

$771,500 2012

2013

2014

2015

2016

2017

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

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SPANISH PEAKS

B I G S K Y, M O N T A N A

mountain club

MEDIAN SALES PRICE

AVERAGE SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$3,234,285

HOMES

$2,967,857

$3,947,500

8

$18,740,500

$2,500,000

3

$7,645,000

$630,500

14

$10,250,000

$2,463,750 $2,342,563 $1,915,000 $1,667,500 2012

2013

2015

2014

2016

2017

$2,548,333

DISCOVERY CABINS

$2,257,571 $2,257,333

$1,675,137

$1,223,333 $987,500 2012

2013

2014

2015

2016

2017

$732,143

LAND

$543,611

$188,730

2012

6

$439,500

$398,750

$273,500

2013

2014

2015

2016

2017

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9


MOUNTAIN

2017 MARKET REPORT

village

AVERAGE SALES PRICE

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$1,725,000

7

$12,340,386

$269,000

77

$36,349,296

$350,000

18

$7,985,000

$1,762,912

HOMES

$1,714,103

$1,116,166

$1,213,750

$970,750 $822,215

CONDOS/TOWNHOMES

2012

2013

2014

2016

2015

2017

$472,069 $441,433

$448,115

$381,908

$327,622

$273,229 2012

2013

2014

2015

2016

2017

$443,611

LAND

$348,343 $327,214 $296,180 $224,166 $177,500 2012

2013

2014

2015

2016

2017

*All statistics have been taken from the local MLS and while deemed reliable, are not guaranteed. *If you are currently working with another agent this review is not intended as a solicitation. B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

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MEADOW

B I G S K Y, M O N T A N A

village

AVERAGE SALES PRICE

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$1,725,000

7

$12,340,386

$377,500

88

$36,246,855

$168,000

51

$11,040,325

HOMES

$1,762,912

$976,903

$1,027,750

$781,450

$826,370

$549,841

CONDOS/TOWNHOMES

2012

2013

2014

2015

2016

2017

$411,896

$330,070

$371,215

$335,097

$268,289 $225,594

2012

2013

2014

2016

2015

2017

LAND

$428,250

$252,647

$241,052 2012

8

$250,943

$216,541

$218,018 2013

2014

2015

2016

2017

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9


BIG SKY

2017 MARKET REPORT

canyon

AVERAGE SALES PRICE $966,478

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$773,500

18

$14,476,900

$250,000

15

$3,667,500

$800,363 $804,272

HOMES

$796,760 $674,990

$246,859 2012

2013

2014

2015

2016

2017

LAND

$312,000 $244,500 $249,093

$188,821

$241,877 $227,625

2012

2013

2014

2015

2016

2017

*All statistics have been taken from the local MLS and while deemed reliable, are not guaranteed. *If you are currently working with another agent this review is not intended as a solicitation. B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

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B I G S K Y, M O N T A N A

HOMES

CLOSED SALES by

neighborhood call for pricing

MOONLIGHT BASIN

Cowboy Heaven: 1

Cowboy Heaven Cabins: 1 Diamond Hitch: 2

Moonlight Mountain Homes: 9 Silvertip: 4

SPANISH PEAKS MOUNTAIN CLUB

The Timbers: 2

Highlands: 5 Ranches: 1

Wildridge: 1

MOUNTAIN

Beehive Basin: 1 Cascade: 4

Summit View: 1

MEADOW

Antler Ridge: 1

Aspen Groves: 3

South Fork Meadows: 5

Moondance: 1

Sweetgrass Hills: 4

Meadow Village: 10

CANYON

Misc. Meadow Homes: 1

10

Skywood Preserve: 1

Spanish Peaks North: 1 Westfork: 3

Beavercreek: 1

Misc. Canyon Homes: 5

Big EZ: 3

Rainbow Ranch: 1

Beavercreek South: 1 Buck Ridge Ranch: 1

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

Porcupine Park: 1

Ramshorn View Estates: 5


2017 MARKET REPORT

CONDOS/TOWNHOMES

LAND

Alpine Meadow Duplex: 1

Cowboy Heaven: 2

Saddle Ridge: 10

Diamond Hitch: 2

Moonlight Lodge Penthouses: 2

Strawberry Ridge: 1

Ulery’s Lake: 11

Timber Ridge: 1 Ulery’s Lake: 1

Elk Ridge: 3 Goshawk: 1 Ranches: 3

Homestead Cabins: 2

Ski Tip Glade: 4

SPMC Settlement Cabins: 1

Spring Creek Reserve: 1 Wildridge: 2

Alpenglow: 5 Arrowhead: 2 Beaverhead: 2 Big Horn: 2 Black Eagle: 1 Cascade Ridge: 1 Cedar Creek: 9 Hill: 15

Homestead Chalets: 6 Lodges @ Elkhorn Creek: 1 Lone Moose Meadows: 3 Powder Ridge: 3 Shoshone: 6 Stillwater: 7 Summit Hotel: 7 Village Center: 7

MEADOW VILLAGE

Aspen Court: 1

Moose Ridge: 1

Blue Grouse Hills: 3

Morning Sun: 9

Cottonwood Crossing: 1

The Pines: 6

Crail Creek Club: 1

Park: 2

Deer Run: 7

Pine Ridge: 1

Firelight: 11

Spanish Peaks Club: 8

Grey Wolf: 2

Tamarack: 2

Elevation 6000: 4 Glacier: 9

Hidden Village: 8

Lone Peak Townhomes: 3 Madison Court: 2

Beehive Basin: 2 Cascade: 9

Ceil Drive: 1

Montana Club: 1 Summit View: 3

Antler Ridge: 4

Moondance: 2

Big EZ: 1

South Fork: 22

Aspen Groves: 7

Ousel Falls: 3

Lost Trails: 1

Spanish Peaks North: 1

Misc. Meadow Land: 1

Stony Creek: 1

Meadow Village: 5

Sweetgrass Hills: 2

Silverbow: 4 Spruce: 1

Townhomes @ Crail Ranch: 1 Yellowstone: 2

Misc. Canyon Land: 3

Beavercreek South: 1 Beavercreek West: 2

*All statistics have been taken from the local MLS and while deemed reliable, are not guaranteed. *If you are currently working with another agent this review is not intended as a solicitation. B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

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2017 BIG SKY

B I G S K Y, M O N T A N A

real estate trends

HISTORICAL active list volume $679,947,055 $636,016,318

$616,715,916

$525,229,984 $470,562,065 Numbers recorded at the end of December of each year

2013

2014

2015

2017 listing count was the lowest since 2009.

20 TO 17 SALE LIST

2016

2017

Average listing count in 2017 was 431.

96

%

*All statistics have been taken from the local MLS and while deemed reliable, are not guaranteed. *If you are currently working with another agent this review is not intended as a solicitation. 12

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9


2017 MARKET REPORT

bigskypurewest.com

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

PHOTO: PEAK PHOTOGRAPHY

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B I G SKY PUR EW EST. CO M

| 406.995.4009

2017 Annual Market Report  

A look at 2017 Big Sky Real Estate trends

2017 Annual Market Report  

A look at 2017 Big Sky Real Estate trends

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