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B I G

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 6

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 members voted us the Best Real Estate Agency in Big Sky for 2016 - 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: PAUL HOLDORF


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

*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.


2016 BIG SKY

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

real estate trends

UNITS sold

2011

216 220

2012

OUR TAKE ON THE MARKET

2013

The 2016 year was a very exciting year in Big Sky with the continuation of a very robust real estate market. The total number of sales increased from 306 in 2015 to 316 in 2016. Gross sales volume was up $25,009,015 over the previous year, and the average sales price increased from $596,000 in 2015 to $655,282 in 2016. The enthusiasm about the Big Sky Resort’s 2025 Plan, as well as the release of some highly-anticipated new development projects throughout Big Sky have only added to the excitement in our growing ski community!

2015

307 323

2014 306

316

2016

ACTIVE listings 2011

536 481

2012 2013

360

2014

415 445

2015

434

2016

GROSS

$207,385,346

$206,873,813

sales volume

$182,376,331

IN BIG SKY

$121,850,045

2

2

$100,814,181

$100,253,263

2011

2012

2013

2014

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

2015

2016


2016 BIG SKY

2016 MARKET REPORT

real estate trends

AVERAGE sales price

$656,282

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

$455,696

2011

2012

$396,905

2013

*see page 7 for average sales price by neighborhood.

2014

2015

2016

MEDIAN sales price $275,000

$292,450

$280,000

2011

2012

2013

$364,537

$366,000

2014

2015

$358,500

2016

AVERAGE days on the market homes

condos/townhomes

DAYS

DAYS

224

172

land

399 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.

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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. The Moonlight Lodge offers a great place to relax after a long day in the sun or a chilly day on the slopes.

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.

by price point 16% (17%)

$1,000,000 and up

17%

(20%)

$800,000 - $999,000

5% (3%)

$600,000 - $799,000

11% (9%)

37%

$400,000 - $599,000

(35%)

14%

$200,000 - $399,000

(16%)

Under $199,000 2015 percentages in parenthesis.

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.

by neighborhood 10%

Canyon

(21%)

34%

Meadow

(10%)

44%

SPMC

(11%)

Moonlight Basin 7%

(54%)

5%

(4%)

Mountain

2015 percentages in parenthesis.

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

*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

2016 MARKET REPORT

basin

AVERAGE SALES PRICE

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$1,278,687

22

$36,569,874

$565,000

9

$6,006,500

$895,000

3

$3,495,000

$1,717,588 $1,662,267

HOMES

$1,517,463 $1,575,913

$1,174,142 $955,260

CONDOS/TOWNHOMES

2011

2012

2013

2015

2014

2016

$1,016,000

$851,250 $800,084

$667,388 $612,881

$622,421 2011

2012

2013

2014

2015

2016

$1,045,000

$1,165,000 $975,000

LAND

$859,166

$771,500

$432,000 2011

2012

2013

2014

2015

2016

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SPANISH PEAKS

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

mountain club

AVERAGE SALES PRICE

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$2,970,000

7

$20,775,000

$2,275,000

3

$6,772,000

$417,500

6

$2,637,000

$3,234,285 $2,967,857

HOMES

$2,774,999 $2,463,750

$1,915,000 $1,667,500 2011

2012

2013

2015

2014

2016

DISCOVERY CABINS

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

$1,687,500

$1,675,137

$1,223,333 $987,500 2011

2012

2013

2014

2015

2016

LAND

$543,611

$439,500

$398,750 $301,500 $273,500 $188,730 2011

6

2012

2013

2014

2015

2016

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

2016 MARKET REPORT

village

AVERAGE SALES PRICE

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$1,010,000

4

$4,855,000

$280,000

78

$32,069,000

$311,000

13

$3,850,340

HOMES

$1,714,103

$1,116,166

$1,051,666

$1,213,750

$970,750 $822,215

CONDOS/TOWNHOMES

2011

2012

2013

2014

2015

2016

$448,115

$441,433

$381,908 $371,759 $327,622

2011

$273,229

2012

2013

2014

2015

2016

$348,343

LAND

$327,214 $226,100

$296,180 $224,166 $177,500

2011

2012

2013

2014

2015

2016

*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

HOMES

$976,903

CONDOS/TOWNHOMES

2011

2012

NUMBER OF TRANSACTIONS

SALES VOLUME

$858,750

18

$8,499,500

$329,000

91

$33,780,642

$253,750

10

$4,282,500

$1,027,750

$781,450

$615,633

MEDIAN SALES PRICE

$826,370

$549,841 2013

2014

$330,070

2015

2016

$371,215

$335,097

$268,289 $225,594 $179,224 2011

2012

2013

2014

2015

2016

LAND

$865,837

$428,250

$252,647

$241,052

2011

8

2012

$250,943 $218,018 2013

2014

2015

2016

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BIG SKY

2016 MARKET REPORT

canyon

AVERAGE SALES PRICE

MEDIAN SALES PRICE

NUMBER OF TRANSACTIONS

SALES VOLUME

$750,000

11

$8,804,000

$250,000

12

$2,731,500

$966,478 $800,363 $733,191

HOMES

$796,760 $674,990

$246,859

LAND

2011

2012

2013

2014

2016

2015

$312,000 $262,500 $249,093

$188,821

$241,877 $227,625

2011

2012

2013

2014

2015

2016

*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

neighborhood call for pricing

Cowboy Heaven: 2

MOONLIGHT BASIN

CLOSED SALES by

HOMES

Cowboy Heaven Cabins: 3 Diamond Hitch: 2 High Camp: 1

Moonlight Mountain Homes: 5

SPANISH PEAKS MOUNTAIN CLUB

Silvertip: 8

Elkridge: 2

Highlands: 1 Ranches: 2

CANYON

MEADOW

MOUNTAIN

Wildridge: 2

10

Cascade: 4

Antler Ridge: 1

Sleeping Bear: 1

Aspen Groves: 3

South Fork Meadows: 2

Ousel Falls: 2

Sweetgrass Hills: 2

Meadow Village: 6

Spanish Peaks North: 2

Misc. Canyon Homes: 4

Ramshorn View Estates: 1

Porcupine Park: 3

San Marino: 1

Parkview West: 1

Rainbow Ranch: 1

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Ridge View: 1


2016 MARKET REPORT

CONDOS/TOWNHOMES

LAND

Alpine Meadow Duplex: 1

Cowboy Heaven: 1

Saddle Ridge: 8

Jack Creek Reserve: 1

Elk Ridge: 1 Ranches: 5

SPMC Settlement Cabins: 3

Alpenglow: 2

Arrowhead: 2

Cedar Creek: 5

Powder Ridge: 5

Homestead: 1

Skycrest: 3

Hill: 13

Beaverhead: 3 Bighorn: 9

Black Eagle: 2

Cascade Ridge: 1

Shoshone: 3

Lone Moose Meadows: 2 Mountain Lake: 1 Pinnacle: 1

Cascade: 14

Stillwater: 6

Summit Hotel: 9

Village Center: 3

Antler Ridge: 1

Aspen Groves: 1

MEADOW VILLAGE

19th Condominiums: 1

Lone Peak Townhomes: 2

Blue Grouse Hills: 2

Moose Ridge: 2

Big Sky Town Center: 1

Madison Court: 1

Broadwater: 2

Morning Sun: 1

Deer Run: 4

The Pines: 6

Crail Creek Club: 3 Elevation 6000: 1 Fairways: 2

Park: 4

Silverbow: 4

Skymeadow: 1

Big EZ: 1

Grey Drake: 1

Meadow Village: 8 Moondance: 1 Ousel Falls: 1

Two Rivers: 1 Westfork: 1

Riverview Acres: 1

Grey Wolf: 1

Tamarack: 2

Michner Creek: 1

Yellowstone: 2

Sweetgrass Hills: 1

Elk Ridge: 1

Castle Rock: 1

Hidden Village: 10

Spanish Peaks North: 1

Porcupine Park: 1

Spanish Peaks Club: 2 Spruce: 1

South Fork: 4

Beavercreek: 2

Firelight: 27 Glacier: 7

Skywood: 1

Parkview West: 1

Ramshorn: 2

Riverview Ranch: 1 Towering Pines: 1

*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.

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11


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

W H O

W E

A R E

From left to right: Michael Thomas, Lynn Milligan, Jackie Miller, William Feher, Sandy Revisky, Mary Wheeler, Jennifer Boutsianis

B IGSKY PUR EW EST. CO M

12

| 406.995.4009

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


2016 MARKET REPORT

bigskypurewest.com

© PEAK PHOTOGRAPHY

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: MEREDITH CARSLEY

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PHOTO: MEREDITH CARSLEY

B I G SKY PUR EW EST. CO M

| 406.995.4009

PureWest Christie's | 2016 Real Estate Annual Market Report  

A review of the Big Sky, Montana real estate market in 2016. Brought to you by PureWest Christie's International Real Estate.

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