Southwest Market Trends 1st Half 2019

FIRST HALF MARKET TRENDS 2019 · Southwest Montana

CONTENTS

THANK YOU TO OUR CLIENTS 01

Gallatin County Real Estate Trends

03

Madison County Real Estate Trends

05

Park County Real Estate Trends

07

Belgrade

09

Big Sky

11

Bozeman

13

Ennis

15

Livingston

17

Our Locations

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

GALLATIN COUNTY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

HISTORICAL active listing volume Residential and Land only.

$1,816,566,914

$1,427,550,619

$1,092,428,264

2017

2018

RESIDENTIAL

AVERAGE SALES PRICE

2019

MEDIAN SALES PRICE

TOTAL SALES VOLUME

AVG. DAYS ON MARKET

% CHANGE LIST TO SOLD

$389,900

$508,766,744 ($493,362,816)

(60)

77

-3.00%

$142,900

$73,625,890

185

-7.00%

$483,159

$441,686

($359,700)

(-2.00%)

$417,471

2017

2018

2019

LAND

$298,081

($113,900)

$219,969

($60,117,479)

(197)

(-4.00%)

$165,589

2017

2018

2019 2018 percentages in parenthesis.

PUREWESTREALESTATE.COM

GALLATIN COUNTY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR

RESIDENTIAL UNITS sold

LAND

ACTIVE listings

UNITS sold

1,092

2017

1,117

2018

1,572

2019

1,611

1,053

1,668

ACTIVE listings 2017

413 276 247

2018 2019

411 469 404

2019 closed RESIDENTIAL transactions by price point

Under $199,000

2%

$200,000 - $399,000

52%

$400,000 - $599,000

28%

$600,000 - $799,000

9%

$800,000 - $999,000

4%

$1,000,000 - $1,499,000

3%

$1,500,000 - $1,999,000

1%

$2,000,000 and up

1%

TOTAL GROSS* sales volume

IN GALLATIN COUNTY

$582,392,634 $553,480,295

$524,266,845

2018

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

2017

MADISON COUNTY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

HISTORICAL active listing volume Residential and Land only.

$325,813,196

$211,222,723 $174,047,319

2017

2018

RESIDENTIAL

AVERAGE SALES PRICE

2019

MEDIAN SALES PRICE

TOTAL SALES VOLUME

AVG. DAYS ON MARKET

% CHANGE LIST TO SOLD

$473,500

$124,200,551

176

-6.00%

$58,000

$20,743,950

291

-10.00%

$970,317

$759,515

($379,000)

($102,534,567)

(84)

(-5.00%)

$479,083

2017

2018

2019

LAND

$253,302

$201,398

($67,500)

($21,277,400)

(273)

(-14.00%)

$158,664

2017

2018

2019 2018 percentages in parenthesis.

PUREWESTREALESTATE.COM

MADISON COUNTY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR

RESIDENTIAL UNITS sold 76

LAND

ACTIVE listings 2017

178

2018

135 128

UNITS sold 60

224

2019

84

245

103

ACTIVE listings 2017

206

2018 2019

246 175

2019 closed RESIDENTIAL transactions by price point

Under $199,000

19%

$200,000 - $399,000

28%

$400,000 - $599,000

9%

$600,000 - $799,000

9%

$800,000 - $999,000

9%

$1,000,000 - $1,499,000

5%

$1,500,000 - $1,999,000

8%

$2,000,000 and up

13%

TOTAL GROSS* sales volume

$144,944,501 $123,811,967

IN MADISON COUNTY *Residential and Land only.

$45,930,110

2017

2018

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

PARK COUNTY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

HISTORICAL active listing volume Residential and Land only. $172,518,737

$151,965,550

$135,940,544 2017

2018

RESIDENTIAL

AVERAGE SALES PRICE

2019

MEDIAN SALES PRICE

TOTAL SALES VOLUME

AVG. DAYS ON MARKET

% CHANGE LIST TO SOLD

$289,500

$38,598,900 ($35,837,888)

(199)

96

-6.00%

$115,000

$11,447,977

375

-6.00%

$378,421

($270,000)

$312,393

2017

(1.00%)

$311,634

2018

2019

LAND

$224,470

($80,000)

$125,783

($6,250,650)

(224)

(-9.00%)

$109,661

2017

2018

2019 2018 percentages in parenthesis.

PUREWESTREALESTATE.COM

PARK COUNTY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR

RESIDENTIAL UNITS sold

LAND

ACTIVE listings 2017

135 115 102

UNITS sold

2018

233

2019

229

2017

59

213

ACTIVE listings

57 51

151

2018 2019

137 86

2019 closed RESIDENTIAL transactions by price point

Under $199,000

22%

$200,000 - $399,000

57%

$400,000 - $599,000

14%

$600,000 - $799,000

3%

$800,000 - $999,000

3%

$1,000,000 - $1,499,000

0%

$1,500,000 - $1,999,000

1%

$2,000,000 and up

1%

TOTAL GROSS* sales volume IN PARK COUNTY

$50,046,877

$49,594,266

2017

2018

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

$42,088,538

BELGRADE

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

RESIDENTIAL UNITS sold

ACTIVE listings

222

2017

224

2018

242

LAND UNITS sold 42

299 329

2019

37

358

39

ACTIVE listings 2017 2018 2019

60 73 82

2019 closed RESIDENTIAL transactions by price point

Under $199,000

3%

$200,000 - $399,000

82%

$400,000 - $599,000

10%

$600,000 - $799,000

2%

$800,000 - $999,000

1%

$1,000,000 - $1,499,000

1%

$1,500,000 - $1,999,000

1%

$2,000,000 and up

0%

25% (29%)

TOTAL GROSS* sales volume

$102,128,670

IN BELGRADE

$71,920,276

2017

2018

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

$81,094,647

BELGRADE

real estate trends Residential

Land

AVERAGE sales price

$422,833

$318,213

$292,219

$353,877

$167,802

$265,266

2017

2018

2019

MEDIAN sales price

$320,000

$287,450 $261,950 $116,000

$150,000

$70,000

2017

2018

2019

AVERAGE days on the market

2018 percentages in parenthesis.

homes

land

62

123

(60) DAYS

(212) DAYS

PUREWESTREALESTATE.COM

BIG SKY

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019 and does not include Yellowstone Club, Fractional, or Forest Service Lease sales.

RESIDENTIAL UNITS sold

LAND

ACTIVE listings 2017

122

179

2018

144

49

189

ACTIVE listings 2017

53

161

2019

137

UNITS sold

41

63

2018

72

2019

71

2019 closed RESIDENTIAL transactions by price point

Under $199,000

7%

$200,000 - $399,000

14%

$400,000 - $599,000

18%

$600,000 - $799,000

12%

$800,000 - $999,000

15%

$1,000,000 - $1,499,000

10%

$1,500,000 - $1,999,000

8%

$2,000,000 and up

16%

TOTAL GROSS* sales volume IN BIG SKY

25% (29%)

$186,247,090 $158,513,123

2017

2018

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

$116,789,562

BIG SKY

real estate trends Residential

Land

AVERAGE sales price $1,145,027 $920,928 $795,540

$716,546 $528,562

$372,333

2017

2018

2019

MEDIAN sales price $760,000 $582,500 $489,225

$430,000 $350,000

$200,000

2017

2018

2019

AVERAGE days on the market

2018 percentages in parenthesis.

homes

land

133

256

(138) DAYS

(350) DAYS

PUREWESTREALESTATE.COM

BOZEMAN

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

RESIDENTIAL UNITS sold

LAND

ACTIVE listings 2017

691 727 660

UNITS sold 1,079

ACTIVE listings 2017

239

2018

1,006

151

2018

2019

1,033

137

2019

160 255 204

2019 closed RESIDENTIAL transactions by price point

Under $199,000

>1%

$200,000 - $399,000

45%

$400,000 - $599,000

34%

$600,000 - $799,000

11%

$800,000 - $999,000

4%

$1,000,000 - $1,499,000

3%

$1,500,000 - $1,999,000

>1%

$2,000,000 and up

1%

TOTAL GROSS* sales volume IN BOZEMAN

25% (29%)

$370,699,312

$363,099,975

2018

2019

$323,765,548

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

2017

BOZEMAN

real estate trends Residential

Land

AVERAGE sales price $465,253

$495,836

$419,683 $261,667 $214,971 $141,275

2017

2018

2019

MEDIAN sales price $414,950

$395,000 $355,000

$97,755

2017

$132,900

$147,500

2018

2019

AVERAGE days on the market

2018 percentages in parenthesis.

homes

land

79

157

(60) DAYS

(154) DAYS

PUREWESTREALESTATE.COM

ENNIS

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

RESIDENTIAL UNITS sold

ACTIVE listings

27

2017

27

2018

UNITS sold 29

58 56

2019

21

LAND

40

54

53

ACTIVE listings 2017

101

2018 2019

138 72

2019 closed RESIDENTIAL transactions by price point

Under $199,000

5%

$200,000 - $399,000

24%

$400,000 - $599,000

62%

$600,000 - $799,000

5%

$800,000 - $999,000

0%

$1,000,000 - $1,499,000

0%

$1,500,000 - $1,999,000

0%

$2,000,000 and up

5%

$14,845,850

TOTAL GROSS* sales volume IN ENNIS

$11,948,924

2017

2018

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

$9,080,800

ENNIS

real estate trends Residential

Land

AVERAGE sales price $557,133 $311,075 $237,307 $88,748

$59,359

$92,190

2017

2018

2019

MEDIAN sales price

$348,400

$280,000 $238,000 $46,250

$50,000

2018

2019

$59,000

2017

AVERAGE days on the market

2018 percentages in parenthesis.

homes

land

214

306

(48) DAYS

(316) DAYS

PUREWESTREALESTATE.COM

LIVINGSTON

real estate trends

COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.

RESIDENTIAL UNITS sold

ACTIVE listings 2017

113 100 84

LAND UNITS sold 48

166

2018

184

2019

183

38 39

ACTIVE listings 2017

91

2018 2019

96 56

2019 closed RESIDENTIAL transactions by price point

Under $199,000

23%

$200,000 - $399,000

63%

$400,000 - $599,000

10%

$600,000 - $799,000

2%

$800,000 - $999,000

2%

$1,000,000 - $1,499,000

0%

$1,500,000 - $1,999,000

0%

$2,000,000 and up

0%

25% (29%)

TOTAL GROSS* sales volume IN LIVINGSTON

$34,328,723

2017

2018

$34,340,977

2019

The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

*Residential and Land only.

$39,755,471

LIVINGSTON

real estate trends Residential

Land

AVERAGE sales price $304,701

$298,922

$298,207

$238,246 $129,712 $101,542

2017

2018

2019

MEDIAN sales price $265,000

$253,950

$259,000

$79,150

$95,000

$52,500

2017

2018

2019

AVERAGE days on the market

2018 percentages in parenthesis.

homes

land

84

378

(176) DAYS

(232) DAYS

PUREWESTREALESTATE.COM

LOCATIONS Big Sky Town Center 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009

Bozeman 1612 W. Main Street Bozeman, MT 59715 406.586.9418

Mountain Mall Big Sky Resort (Seasonal) Big Sky, MT 59716 406.995.5583

Ennis 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200

WWW.PUREWESTREALESTATE.COM The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.