Big Sky Homes and Real Estate Jan 2014 by Rey Advertising

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The Big Sky Real Estate Almanac 2013 Wrap Up by Eric Ossorio Supervising Broker, Prudential Montana Real Estate eric.ossorio@prumt.com, 406-539-9553 Back in 2005, it seemed as if you just couldn’t loose in Real Estate. Those were the days! Perhaps those salad days are “back”, perhaps not. Let’s looks at some fun facts and indicators to see what the tea leaves are telling us. But first, to get you in the mood, ponder the following puzzler: A bat and a ball cost $1.10. The bat cost $1.00 more than the ball. How much does the ball cost? Now hold that thought. Back in 2011 and 2012, all reported MLS real estate transactions (Multiple Listing Service) in the greater Big Sky area numbered 220 in each year in each of the following classes of property: Commercial, residential, raw land, subdivided land, condos and town homes. In 2013, so far, the total number of MLS reported transactions in all classes of real estate is going to be over 310 by the time you read this, with about 50 “pending” transactions set to close this winter season. While some of those 50 transactions may not close, lets assume that 50% of them will, so we might see a full year of closed sales of about 335. That will be a 60% increase in activity over last year. “Wow!” you might say, and you’d be right. So let us take a closer look at how these transactions break down. So far, 215 of the 2013 sales are of residential (improved) properties. (In 2012 there were 170 residential sales.) The bulk of the sales, about 40%, or 80 properties, sold for under $250,000 and were in Condo Associations. 25% (20) of those

sales were in the Firelight Meadows Condos. Other popular Associations were Hill Condos, Cedar Creek, Stillwater, Shoshone and Summit Hotel units in the Mountain Village. In the Meadow area: Firelight, Yellowstone, Glacier, Silverbow, Aspen Court, Grey Wolf and Hidden Village. Jumping to the $250,001-$500,000 range, there were 64 sales. In this category, there is more of a mix of condos and homes, and in both Meadow and Mountain area properties. In 2012 there were 49 sales in this bracket. Mountainside we saw: Alpenglow, Big Horn, Black Eagle, a few Cascade Homes, and Elkhorn Creek, Powder Ridge, Saddle Ridge Townhomes, Moonlight Cabins, Skycrest, Shoshone and Summit Hotel. Meadowside we saw: Deer Run, Hidden Village, Lone Moose Meadows, Lone Peak Townhomes (Condo), Spanish Peaks Club, homes in Ramshorn Estates, Silverbow and homes in the BSOA, Canyon, Westfork and Southfork. Between $500,001-$750,000 there were 29 sales, with a representative mix of homes and condos. In 2012 there were 14 sales in this bracket...a 100% increase, more than double from the prior year. Condos represented: Arrowhead, Beaverhead, Crail Creek and Crail Ranch, Fairways, Moose Ridge, Powder Ridge, Saddle Ridge, San Marino, Spanish Peaks Club. Homes in that range also traded in the Gallatin Canyon, Porcupine Park, Pinewood Hills and South Fork. Between $750,001-$1,000,000, there were 23 sales. Here we see a significant, 65% increase from 2012 results of 14 sales: Black Eagle, Crail Ranch and Powder Ridge condos. The homes sold were in Aspen Groves, Antler Ridge, Beaver Creek West, Cascade, Cowboy Heaven, Meadow Village, Diamond Hitch, Pinewood Hills and the Club at Spanish Peaks. Between $1,000,001 and $1,500,000 there were 12 sales versus 14 sales in 2012, a slight decrease. 2 condos: A Summit Hotel and a Powder Ridge. 10 homes sold were in Buck Ridge Ranch,

Cascade, Moonlight Basin, Skywood, the Club at Spanish Peaks/ Big EZ and Summit View. Between $1,500,001 and $2,000,000 there were 3 sales. A Cowboy Heaven home, a Summit Hotel condotel, and a home in Beaver Creek West. In 2012, there were 2 sales in this bracket. Over the $2,000,000 mark, there were 5 sales...4 reported on MLS in the Yellowstone Club, as well as the Big EZ, which sold at auction. The top end sale of the market for which information is reported was $7,500,000. There are 4 sales “pending” on MLS: one each in the Club at Spanish Peaks, Sweetgrass Hills, Diamond Hitch and the Yellowstone Club. In 2012 there were 6 sales in: Cowboy Heaven, Sweetgrass Hills, Gray Drake, the Club at Spanish Peaks, Diamond Hitch and one home reported on MLS sold in the Yellowstone Club. Activity is up 60%, pricing is recovering, the market is stabilizing and there are still good values to be had in Big Sky, offering the Biggest Skiing in America. Next time, we will take a look at the Land Side, where there were 81 transactions, with about 30% of the sales between $100,000 and $200,000, and the 9 Commercial transactions with 2 improved properties and 7 land sales. Oh...the ball cost $0.05. To more fully understand why you may have thought the ball cost $0.10, read Daniel Kahneman’s: Thinking Fast and Slow. Eric Ossorio, is a Supervising Broker at Prudential Montana Real Estate in Big Sky, Montana where he’s lived with his wife and partner, Stacy for over 22 years, raising their three children here. Both have been active Brokers since the early 1990’s, and are involved community members. To contact Eric, call 406-5399553, or see prumt.com or www.ossoriorealestategroup.com.

* The Buyers Are Back!! *

BlaCK eaGle #25 - This 3,234+/- sf 3 bedroom, 3.5 bath Black Eagle Lodge with 2 car garage is the largest hillside Black Eagle, can sleep 14 people comfortably, & has countless high-end features. Lavish furnishings are negotiable. Next to the Poma lift. $1,295,000 MLS 193740

658 elK MeadOW TRaIl, THe CluB aT sPanIsH PeaKs - Savor the comfortable, classic western-style luxury of this beautiful home located in The Club at Spanish Peaks. Wander through this expansive 11,000+/- sf vacation ski lodge/summer retreat & discover plenty of cozy spaces to host a corporate retreat or large gathering of family & friends. There are 7 bedrooms (2 master suites) & 7.5 baths with all the high-end amenities as expected in a home of this caliber. Spacious elevated decks & patios help bring the outdoors inside and allow you to experience the exceptional views. $6,500,000 MLS 193853

BeaVeR CReeK, 100 lOsT POnd Rd - You can move right in to this delightful guest home with 2 bedrooms/ 1.5 baths/ oversized one car garage located on 39 +/- splendid acres with a magnificent trout pond. Perfect site for your dream home. $1,285,000 MLS 175158

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BIG HORn 52 - This 1,584+/- sf terrific end unit Big Horn w/ garage offers unobstructed views of the lake & the Spanish Peaks. With 3 spacious bedrooms & 3 baths & extras including updated appliances, granite counter tops, this never rented condo is a knock-out. $449,500 MLS 193993

942 lOne MOunTaIn TRaIl - This 5 bedroom, 6 bath 6,516+/- square foot home with 3 car garage is located on 36+/- acres along the banks of the Westfork of the Gallatin in Big Sky. The electronic gate and private bridge allow secure access to the superb home noteworthy for the custom owner interior and exterior design, and its sleek architectural style and rock accents which mirror the magnificent mountain setting surrounding this property. Your horses are welcome and accomodated in style with fenced corrals, a round pen, and a horse shed. $3,850,000 MLS 193137

1266 Ousel Falls Rd - This great looking 3,248+/sf 3BR/2.5B home w/ 1BR/1B guest quarters above the garage offers all the charm of log & beam construction. Wood flooring, river rock fireplace, granite counter tops, & 2 large decks are just a few of this homes terrrific features. $569,500 MLS 192900

asPen GROVes, BlOCK d lOT 1 - This 1.064 acre corner lot is one of the best building sites in Aspen Groves for location and terrain with mature trees, glorious mountain views, nesting song birds, & abundant wildlife. $195,000 MLS 190583

sTIllWaTeR 1023 - This exceptional two bedroom (loft), two bath Stillwater is the best buy in Mountain Village. It’s located on the second floor (no noise) in the second building just steps from the ski mall and lifts. This unit has been updated with new cabinets, granite countertops, and tile flooring in the kitchen and baths. Wonderful views of the mountain creek in the summer and Andesite Mountain ski runs in the winter. Excellent nightly rental potential and it’s priced right. $255,000 MLS 158391

MeadOW VIllaGe BlK5, lOTs 23 & 24- These 2 side-by-side Little Coyote lots have million dollar views because they’re located above the road at the top of the hill. Buy one lot or both & you’ll have over 1/2 an acre with room for a terrific home. $148,900 (each) MLS 188524 & 188525

elKRIdGe lOT 3- Enjoy Western living at its finest on this 20 acre tract. A rare find in exclusive Elk Ridge Ranch. This lot has breathtaking views of Lone Mtn, Pioneer Mtn & the Spanish Peaks. Horses allowed seasonally. $499,500 MLS 178135

BIG HORn 25- Fabulous location just 3 doors down from the Poma ski lift. Lovely views of Lone Mountain from the master bedroom enhance this unit which has 3 bedrooms & 3 full baths, plus a heated attached garage. New flooring, granite counter tops & more updates make this condo a “must see”! $439,500 MLS 176327

28 nORTH - The breaktaking views from this 11.29 acre lot located just below Mountain Village make this an incomparable property. Head on views of the ski runs, just minutes from the ski hill, and only a short ride to the Meadow Village amenities. $749,000 MLS 194811

BeaVeRHead 1467- This 2,010 sf 3 bedroom/3 bath condo with new furnishings & accessories in Mtn Village has 1st rate access to the ski runs. Other great features include a building elevator, 2 car garage, beautiful rock fireplace, spacious bedrooms, separate hot tub room, & 2 balconies. $598,000 MLS 194391

selleR FInanCInG

Happy New Year from all of us at

BuCK RIdGe RanCH, lOTs 31a & 32a - Pick either of these two 39+/- acre tracts bordering private access to Forest Service land. Both properties have mature trees, great building sites, abundant wildlife, & sensational views. $1,150,000 & $1, 400,000 MLS 192834, 147523

1135 BuCK RIdGe TRl - Dreaming about a spacious log home for your family gatherings? This 5,000+/- sf home with 5 bedrooms/6 baths on 19+ acres will certainly fill the bill & there’s even a separate 1 bedroom/1 bath guest house for overflow. $1,375,000 MLS 181225

dudley CReeK, lOT 1 - This wonderful 17.51 ac tract in Dudley Creek located just a short distance from the Big Sky entrance has an excellent house site tucked away on a level bench above the road & overlooks a pasture with a conservation easement along the Gallatin & abuts wilderness to the west. $299,750 MLS 181527

lOsT TRaIls - This 20 acre tract located halfway between the Meadow & Mountain Villages offers panoramic views of the Spanish Peaks & the Gallatin Range. If you want land that is easily accessible & private you’ll be enthralled by this property. $525,000 MLS 164610

CasCade lOT - Enjoy fantastic views of Lone Mountain from this .75 acre lot on White Otter Rd. Ski to the White Otter lift to start your ski day & return home via the White Otter Trl. This gently sloping lot faces southwest & overlooks a stream side green belt. $229,000 MLS 181908

BuCK RIdGe RanCH, lOT 26a - This 39.875+/- acre estate-sized property is simply exquisite. There are open meadows covered in wild flowers fringed by spruce & pine trees perfect for your homesite and an enchanting year round stream. $749,000 MLS 193029

laKeFROnT ManOR, lOT6 - This excellent 1.04 acre lot in this small Hebgen Lake Subdivision with well, approved septic, and private community dock is perfect for the fisherman & boater. Loads of recreational fun in every season for the entire family! $299,000 MLS 170691

BeaVeR CReeK lOT- This beautiful 20+/- acre Beaver Creek lot with sweeping views of this lovely water shed is the ideal setting for your home away from home & your horses are welcome with a corral & well for their comfort. The gated road insures quiet living. $329,900 MLS 192327

Becky & Jer r y Pape - Broker/Ow ners 406-995-4848 (Office next to the Exxon) | 888-830-4883 (Toll free) 406-995-4883 (Anytime) | www.triplecreek.com

Uncompromised Craftsmanship.

EST. 1997

87 Lone Peak Dr Big Sky, Mt 59716 | 406.995.3670 | bigskybuild.com

The Club at Spanish Peaks (under new ownership)

The Club at Spanish Peaks Opportunities Elegant mountain homes from: $1,695,000. Ski in/out homesites from: $500,000 Wildridge from: $250,000 Ranch lots from: $250,000 Big EZ 20 & 40 acre lots from: $299,000 Contact Martha for a customized market report and a Club at Spanish Peaks update.

Featured Property: Wildridge 23 "Renali" $4,995,000

Shown by appointment with:

Martha Johnson, Broker 406.580.5891 | Martha@BigSkyRealEstate.com Martha has sold 12 properties at The Club at Spanish Peaks to-date in 2013. Contact her directly to discuss listing your property

This information is subject to errors, omissions, prior sale, change, withdrawal and approval of purchase by owner. All information from sources deemed reliable, but not guaranteed by Montana Living - Big Sky Real Estate, independent investigation is recommended. For properties being purchased at The Club at Spanish Peaks approval for membership is required prior to closing. If you are currently working with another real estate agent, this is not intended as a solicitation. Montana Living is a registered Montana trademark of Newwest, llc.

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elkridge 32 Spanish peaks mountain Club, spectacular 5bd, 7 bath home on the golf course and ski-in/skiout. gorgeous views. $3,485,000

land iS at 6 year low and the market iS riSing - Buy now. ski in/Ski out, homesites, 20 acre lots and 160 acre ranches Call for pricing!

greathorn ranCh #5 Fabulous 40+ acres located only minutes to Big Sky town Center. resident wildlife & gorgeous views. last remaining parcel. $899,000

215 grey owl your cabin in the Big Sky woods. 4 bd, 3 bath home with detached single car garage. 2,456 sq. ft. great views, hot tub, and fully furnished and ready to move in. $699,000

lone peak Center #201 Ski-in/ski-out from this second floor Studio with large deck, valet parking, outdoor pool, hot tub, & ski locker . $299,000

230 rainBow trout run adorable Southfork home. 4 bd, 3.5 bath, 2 car garage. 2,638 sq. ft. and .3 acre homesite. ready to move in. $599,000

elevation 6000 Condominium 3 Bd, 2.5 bath, 2 car garage with central location in Big Sky town Center. Strong long or short term rental history . $575,000

whipple minor SuBdiviSon mountain village homesites. 2 to choose from. each is 6+ acres or combine for privacy. From $399,000 each

mooSe ridge Condo #59 great views from this elevated meadow location. 3bd, 5 bath, 2,711 sq.ft. unit has exquisite finishes. Convenient to town Center. $669,000

moonlight Chalet #78 wake up to this view! Ski-in/ski-out from this fabulous 3 bd, 4.5 bath, 2,624 sq. ft. unit. gorgeous views and ready to move in. $1,395,000

river ranCh SpaniSh peakS mountain CluB on the South Fork of the gallatin. new construction, 4 bd, 6 bath, custom home with gorgeous finishes. $2,899,000

Bighorn Boutique. Big Sky town Center established business and/or ground floor commercial end unit for sale. plenty of foot traffic in Big Skyâ&#x20AC;&#x2122;s newest business district. $625,000

Moonlight & Big Sky Ski In/Out Properties

Alpine Chalet 78

Luxury ski in/out 3 Bed + loft. $1,395,000 Shown by appointment with:

Martha Johnson, Broker/Owner

406.580.5891 | Martha@BigSkyRealEstate.com

Powder Ridge 126

5 Bed ski in/out log cabin. $895,000 Contact Martha directly for additional ski in/out properties.

Big Sky

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PRUMT.COM | 406.995.4060 | 55 LONE PEAK DRIVE | BIG SKY TOWN CENTER FINE HOMES, CONDOS, COMMERCIAL & LAND LISTINGS

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REDUCED PRICE

1200 TOWERING PINES

$3,285,000 • #191842 • Call Don 5bd, 6ba, 6,882± sf home on 40± acres Six fireplaces, large stone decks Several balconies and two master suites Unique hot tub surrounded by native stone

TRACT 3 SECTION 5

$2,300,000 • #175378 • Call Erin 406.579.3583 162.4± acres Section 5 zoned commercial/residential Close to hunting, skiing, hiking Great mountain property

NORTHFORK, TRACT 8

$950,000 • #180527 • Call Stacy or Eric 20± acres, Triple Triangle Ranch Hiking and ski trails to property Desirable, private, gated enclave Contiguous 20± acres also available

GALLATIN CANYON NORTH

$759,000 • #189728 • Call Bryan 406.579.7616 5.1± acres on the Gallatin River Located in the Castle Rock area Semi-secluded to build riverfront home Borders National Forest Service land

141 ULERY’S LAKE HOME

$3,250,000 • #186493 • Call Stacy or Eric 3 bd, 5 ba, 4,430 +/- sf home on 20 +/- acres Furnished home with bunkroom sleeping 6 2 bd, 2 ba, detached 2,048 +/- sf guest home Lone Mountain and Madison Valley views

105 NORDIC LANE, ASPEN GROVES

$1,085,000 • #190238 • Call Stacy or Eric 3 bd, 3.5 ba, 2,700± sf, .62± acre lot Custom home in coveted neighborhood Main level master with private covered deck Designer furnishings, rock wood fireplace

10 RISING BEAR ROAD

$825,000 • #186462 • Call Stacy or Eric 2 parcels comprising 20± acres Both parcels can be subdivided Located between Meadow and Mountain Close to Big Sky and Moonlight Resorts

CRAIL RANCH TOWNHOME

$680,000 • #187760 • Call Don 4 bd, 4 ba, 2,742± sf, unit #120 Hickory flooring, steam shower Custom coverings, and interior doors Views of wide open space and Crail Ranch

NORTHFORK PRESERVE

$2,495,000 • #194149 • Call Don 216± acres, old growth forest, meadows Approx. 3/4 mile of Northfork flows through Borders public lands, private road Outstanding Spanish Peak views

NORTHFORK, TRACT 2

$1,050,000 • #180623 • Call Stacy or Eric 20± acres in Triple Triangle Ranch Extraordinary views, ski trail access Desirable, private, gated enclave Contiguous 20± acres also available

LOST TRAILS, TRACT 8

$780,000 • #178440 • Call Don 20± acres, acre sunny, south-facing building sites Between Mountain and Meadow Villages Views of Yellowstone Mtn and Spanish Peaks Community water system with fire flow

BEAVER CREEK WEST

350,000 • #185650 • Call Don Lot 13, 20± acres, spectacular views Located on a gentle slope, private driveway Ideal for a new home, well is drilled Convenient to all of Big Sky

UNDER CONTRACT

GALLATIN HIGHLANDS

$575,000 • #180951 • Call Stacy or Eric 20± acres, meadows, old growth trees Fabulous Gallatin Range views South facing, includes Locati house plans Minutes from Big Sky Town Center

INDIAN MEADOWS

$560,000 • #182257 • Call Leah 539.7665 4.02± acres Borders river front & National Forest Service Land Direct access to blue ribbon fishing Level building site, large trees

175 ASPEN LEAF CONDO

$399,000 • #192186 • Call Stacy or Eric 2 bd, 3 ba, 2,049± sf Great LIVE-WORK opportunity w/lower area Design own space, located in center of Town Center Unlike anything being offered in Big Sky!

341 E. LOW DOG ROAD

$1,100,000 • #191093 • Call Stacy or Eric 3 bd 3.5 ba, 3,168± sf custom home Ski-in, ski-out, beautiful furnishings Great rental history, immaculately maintained Includes: bigskyvacationrental.com

45 COWBOY HEAVEN RD

$1,050,000 • #188095 • Call Stacy or Eric 3 bd, 4 ba, plus sleeping loft, 2,220± sf A.K.A. Mountain Home #11, Moonlight Basin Ski-in, ski-out access from front door Offered furnished, including artwork

109 ROSEBUD LOOP

$829,995 • #187556 • Call Stacy or Eric 4 bd, 3 ba, 2,567± sf, Ponderosa plan Furnished Powder Ridge Condo, excellent rental Ski-in, ski-out access from front door Detached 1 car garage

ALPENGLOW CONDO #17 C

$499,000 • #192047 • Call Stacy or Eric 3 bd, 2.5 ba, 2,320± sf Gourmet kitchen with granite, s.s. appliances Large private deck with hot tub, Lone Mtn views Ideal for large families, sleeps 12

UNDER CONTRACT

SKYCREST CONDO #1730

$425,000 • #188315 • Call Stacy or Eric 3 bd, 3 ba, 1,976± sf One of the BEST Skycrest Condo units Top floor, end unit, nicely furnished New hot tub, dead on views of Lone Mountain

SOLD

12 RINGNECK ROAD

$369,000 • #194381 • Call Stacy or Eric 3 bd, 2.5 ba, 2,260± sf Blue Grouse condo Great furnished end unit with private back yard Meadow area location, easy walk to Town Center

299 OUSEL FALLS CONDO

$329,900 • #193478 • Call DeeAnn 406.580.7919 3 bd, 2.5 ba, 1,769± sf, Tamarack Ct. Condo Sold furnished, upgraded with high end finishes Located near the Town Center, skiing, hiking

37 BEAR TRAP LANE CONDO

$265,000 • #194108 • Call Marc 2 bd, 3 ba, 2,470± sf Tri-level, overlooking Meadow Village Close to Town center amenities Walk out basement, 1 attach garage

SKYCREST CONDO #1704

$310,000 • #184925 • Call Don 2 bd, 2 ba, 1,604± sf Extensively remodeled Rock fireplace, hot tub Furnished, lower level unit

DON PILOTTE BROKER, GRI, RRS, SFR 406.580.0155 | STACY OSSORIO BROKER 406.539.8553 | ERIC OSSORIO BROKER 406.539.9553 TONI DELZER SALES ASSOCIATE 406.570.3195 | MARC LAUERMANN SALES ASSOCIATE, ABR, SFR 406.581.8242 An independently owned and operated broker member of BRER Affiliates, Inc. Prudential, the Prudential logo and Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation of Prudential. Equal Housing Opportunity. All information contained herein is derived from sources deemed reliable; however, is not guaranteed by Prudential Montana Real Estate, Managing Broker, Agents or Sellers. Offering is subject to error, omissions, prior sales, price change or withdrawal without notice and approval of purchase by Seller. We urge independent verification of each and every item submitted, to the satisfaction of any prospective purchaser.