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S K Y
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M O N T A N A
R E A L E S TA T E 2 0 1 7
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
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
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
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