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1ST QUARTER MARKET REPORT 2019 · Big Sky, Montana


O UR TAK E O N T H E MAR K E T We hope that you enjoy our 1st Quarter Market Report in which we compare real estate sales activity in the first quarter of the current year to that of last year. January, February, March and the first few weeks of April comprise the majority of the very active Winter Season. June, July, August and September comprise the months of our bustling Summer Season. Total closed sales in the first quarter are down from 82 in 2018 to 75. This decrease is most likely due to the decreased inventory currently on the market in Big Sky. Inventory numbers are at a 15 year low and while we have many clients who want to buy, inventory has made it somewhat difficult to find a property for some Buyers. Even though our closed sales have decreased by seven units, our total gross sales volume has increased from $58,022,643 in the first quarter of 2018 to $65,133,613 in the first quarter of 2019. In addition, both average sales price and median sales price have increased considerably. Home sales increased slightly in the first quarter of 2019 over the first quarter of 2018, but condominium and lands sales were down. We continue to be very positive about the market in Big Sky. There has been so much growth and optimism in Big Sky in the past few years, and Buyers are still enjoying what we believe is the “ground level” in Big Sky’s exciting future! Please call one of our Big Sky team members for more information on how you can make Big Sky your home away from home! Sincerely, Your PureWest Christie’s International Real Estate of Big Sky Team

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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.


BI G S KY, M O N TA N A

2019 1 ST QUARTER MARKET REPORT

M A R K E T

U P D A T E

Q U I C K

S T A T S

A side-by-side comparison of all real estate sales in Big Sky, Montana from January 1st through March 31st in 2017, 2018, and 2019.

January 1 - March 31 BIG SKY

2017

2018

2019

Total Closed Sales

78

82

75

Total Gross Volume

$51,283,712

$58,022,643

$65,133,613

Average Price

$657,483

$725,283

$868,448

Median Price

$412,500

$477,250

$550,000

Average % Sold Price to List Price

92%

97.5%

96.9%

Average Days on the Market

276

232

204

Lowest Price

$115,000

$125,000

$125,000

Highest Price

$3,000,000

$3,750,000

$5,150,000

*Excludes Yellowstone Club sales

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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C O M P A R E D

B Y

P R O P E R T Y

T Y P E

Comparison of real estate sales by property type in Big Sky, Montana from January 1st through March 31st in 2017, 2018, and 2019. Property types included are Single Family Homes, Condominiums and Land.

SINGLE FAMILY HOMES 2017

2018

2019

Number of Properties Sold

12

17

18

Total Gross Volume

$13,802,889

$25,570,658

$30,363,113

Mountain Properties Sold

3

10

8

Meadow Properties Sold

5

3

9

Canyon Properties Sold

4

4

1

Average Price

$1,150,240

$1,826,476

$1,686,840

Median Price

$722,500

$1,960,000

$1,575,000

Lowest Price

$350,000

$489,000

$689,000

Highest Price

$3,000,000

$3,750,000

$3,836,113

Š PEAK PHOTOGRAPHY

*Excludes Yellowstone Club, commercial, and Forest Service Leases 3


CONDOMINIUMS

LAND

2017

2018

2019

2017

2018

2019

41

39

37

22

22

20

$26,133,201

$18,511,955

$16,174,500

$8,082,625

$9,850,030

$18,596,000

23

22

24

11

10

12

18

17

12

8

11

7

-

-

-

3

1

1

$637,395

$474,666

$445,014

$387,392

$447,729

$929,800

$415,000

$358,000

$386,750

$300,000

$320,000

$457,500

$115,000

$125,000

$125,000

$120,000

$155,000

$148,000

$2,500,000

$1,750,000

$1,100,000

$1,300,000

$1,800,000

$5,150,000

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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BI G S KY, M O N TA N A

2019 1 ST QUARTER MARKET REPORT

YOUR TRUSTED EXPERTS FOR Big Sky REAL ESTATE.

JACKIE MILLER

Broker jackie@purewestproperties.com 406-539-5003

MICHAEL THOMAS Broker michael.bigsky@gmail.com 406-581-2400

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LYNN MILLIGAN Broker lynnebrush@gmail.com 406-581-2848

MARY WHEELER

Broker mwheelerbigsky@gmail.com 406.539.1745

SANDY REVISKY Broker sandy@ownbigsky.com 406-539-6316

WILLIAM FEHER

Associate william@cascaderidge.com 406-600-0275

BRENNA KELLEHER Associate brennakelleher@gmail.com 406-581-3361

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.


www.BigSkyPureWest.com


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Every time.

88 Ousel Falls Road, Suite B Big Sky, MT 59716 • www.BigSkyPureWest.com • 406.995.4009

Profile for Big Sky PureWest

2019 First Quarter Market Report  

A look into real estate trends in Big Sky, MT from January 1st through March 31st, 2019.

2019 First Quarter Market Report  

A look into real estate trends in Big Sky, MT from January 1st through March 31st, 2019.

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