B I G
S K Y
•
M O N T A N A
R E A L E S TA T E 2 0 1 6
3
R D
Q U A R T E R
M A R K E T
U P D A T E
© PEAK PHOTOGRAPHY
B I G S K Y, M O N T A N A
2 0 1 6 Q U A R T E R LY M A R K E T R E P O R T
OUR TAKE ON THE MARKET We hope that you enjoy our 3rd Quarter Market Report in which we compare real estate sales activity in the three quarters 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. The Summer Season is our busiest selling season in Big Sky, which is surprising to many people! While the first two quarters of 2016 were a bit behind those of 2015, the third quarter was busy enough to surpass 2015 by a considerable amount. Total closed sales in the first three quarters are up from 215 in 2015 to 225 in 2016. Total sales volume is up $40,000,000+ from 2015 to 2016, and both average sales price and median sales price are up in 2016 over 2015. Home sales and condominium sales are both up in 2016, while land sales are down 40% over land sales in the first three quarters of 2015. We are very optimistic that the Big Sky market overall will continue to appreciate through the winter, especially amongst homes and condominiums. The enthusiasm about Big Sky Resort’s 2025 Plan, our two new high-speed chairlifts, and the release of some highly-anticipated new development projects throughout Big Sky have added to the excitement in our community as we await the winter season!
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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 B I and G Savailability K Y P U Rsubject EWE T. C O M • notice. 4 0 6Statistics - 9 9 5 do - 4not 0 0include 9 purchase is recommended. Price toSchange without Yellowstone Club sales
© PEAK PHOTOGRAPHY
Sincerely, The Brokers at PureWest, Christie’s International Real Estate | Big Sky
B I G S K Y, M O N T A N A
2 0 1 6 Q U A R T E R LY M A R K E T R E P O R T
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 September 30th in 2015 and 2016.
January 1 - September 30 BIG SKY
2015
2016
Total Closed Sales
215
225
Total Gross Volume
$120,184,106
$161,011,809
Average Price
$558,995
$715,608
Median Price
$350,000
$368,000
Average % Sold Price to List Price
94%
92%
Average Days on the Market
236
216
Lowest Price
$60,000
$87,500
Highest Price
$5,100,000
$15,000,000 *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
1
B I G S K Y, M O N T A N A
C O M P A R E D
B Y
P R O P E R T Y
2 0 1 6 Q U A R T E R LY M A R K E T R E P O R T
T Y P E
Comparison of real estate sales by property type in Big Sky, Montana from January 1st through September 30th in 2015 and 2016. Property types included are Single Family Homes, Condominiums and Land.
SINGLE FAMILY HOMES 2015
2016
2015
2016
Number of Sales
39
48
93
122
Total Gross Volume
$45,127,580
$73,774,374
$43,733,146
$50,505,205
Mountain Property Sold
14
23
39
64
Meadow Property Sold
20
18
54
58
Canyon Property Sold
5
7
-
-
Average Price
$1,157,117
$1,536,966
$470,248
$413,977
Median Price
$825,000
$1,060,000
$340,000
$310,000
Lowest Price
$362,320
$280,000
$60,000
$87,500
Highest Price
$5,100,000
$4,687,500
$2,700,000
$2,350,000
Percentage of properties sold
in 2015 verses in 2016
2
CONDOMINIUMS
23%
31% *Excludes Yellowstone Club, commercial, and Forest Service lease sales.
B I G S K Y, M O N T A N A
2 0 1 6 Q U A R T E R LY M A R K E T R E P O R T
LAND 2015
2016
68
41
$23,489,880
$16,963,340
20
13
41
21
7
7
$345,439
$413,740
$275,000
$282,000
$106,000
$116,000
$1,350,000
$2,000,000
CONDOMINIUMS ACCOUNT FOR
OVER 50%
O F S A L E S S O FA R I N 2 0 1 6
40% B I G S K Y P U R E W E S T. C O M
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B I G S K Y, M O N T A N A
2 0 1 6 Q U A R T E R LY M A R K E T R E P O R T
W H O
W E
A R E
Experienced. Loyal. Trustworthy.
SANDY REVISKY
MICHAEL THOMAS
406-539-6316
406-581-2400
Broker mwheelerbigsky@gmail.com
JACKIE MILLER
LYNN E. MILLIGAN
WILLIAM FEHER
406-539-5003
406-581-2848
Broker jackie@purewestproperties.com
4
MARY WHEELER
Broker michael.bigsky@gmail.com
Broker sandy@ownbigsky.com
Broker lynnebrush@gmail.com
406-539-1745
Associate william@cascaderidge.com
406-600-0275
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
bigskypurewest.com
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•
moonlight basin
•
spanish peaks mountain club • yellowstone club
y o ur ne xt
Big
a dv ent ure.
BIG OPEN SPACES. BIG ADVENTURE. BIG RECREATION. It’s called
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