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2020 Q1 Real Estate Market Update & Metrics

Page 1

REALESTATEMARKETUPDATE& METRICS


 Key Metrics SW Montana Real Estate Q1 2020 SINGLE FAMILY AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2018-2020 200

166 163

157 118 91 96

100 63

0

60

Bozeman City Greater Bozeman

102 102

90

121

54

46

Belgrade

Manhattan 2019

63

Three Forks

82

37

Big Sky

Livingston City

2020

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2018-2020 2,250 1,995 1,650

2,000 1,000 425 438 465

0

154 96

69

2018

3,000

139

460 546 587

Bozeman City Greater Bozeman

284 323 335

Belgrade 2018

507 505 603

Manhattan 2019

281 274 363

Three Forks

254 237 290

Big Sky

Livingston City

Big Sky

Livingston City

2020

SINGLE FAMILY # LISTINGS SOLD Q1 YEAR/YEAR 2018-2020 200 100 0

Bozeman City

Greater Bozeman

Belgrade

2020

Manhattan

2019

Three Forks

2018


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2018-2020 75 60 50

50

57

46

56

53

42

25

19

23

28

25 6.9 6.3 6.5

0

Bozeman City Greater Bozeman

Belgrade

1.3 1.3

Manhattan

2018

2019

29

6.3 3.7 7.9

2

Three Forks

Big Sky

Livingston City

2020

CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2018-2020 200 160

100

106

88 54

0

69

64 33

Bozeman City

23

44

41

Greater Bozeman 2018

400

55

Belgrade 2019

Big Sky

2020

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2018-2020 296

335

332

324

339

386

277

274

386

280

210

200

0

178

Bozeman City

Greater Bozeman 2018

Belgrade 2019

2020

Big Sky

397


CONDO/TOWNHOME # LISTINGS SOLD Q1 YEAR/YEAR 2018-2020 100

50

0

Bozeman City

Greater Bozeman 2020

Belgrade 2019

Big Sky

2018

CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2018-2020 40 30

34

32

31 25

20

20

16

10 4.1

0

Bozeman City

2.2

6.1

3

2.3

Greater Bozeman 2018

8.3

Belgrade 2019

Big Sky

2020

LAND AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2018-2020 750 514

500 250

219

173 78

0

Bozeman City

240 114

291

227 140

94

Greater Bozeman 2018

Belgrade 2019

2020

141

Big Sky

208


LAND MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2018-2020 750 500

450

520

320

250

119

0

135

125

Bozeman City

135

189

215

Greater Bozeman 2018

185

145

140

Belgrade 2019

Big Sky

2020

LAND # LISTINGS SOLD Q1 YEAR/YEAR 2018-2020 75 50 25 0

Bozeman City

Greater Bozeman 2020

Belgrade 2019

Big Sky

2018

LAND TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2018-2020 20

17 12

10

6.9 4.3

0

12

6.7

3.1

Bozeman City

4.1

2.2

Greater Bozeman 2018

Belgrade 2019

2020

13 10

6.1

Big Sky


R

E

E M MARCI U

CANDICE W ILSON

M

HAHNKNOFF BROKER|OWNER

ASSISTANT| REAL T OR®

MOLLY OGLE

CARLA T HORNI NG

REAL T OR® |GRI

REAL T OR®

TAMMY J ESKE REAL T OR®

SERVING BOZEMAN,BIG SKY, BELGRADE,L I VI NGST ON, PARADISEVALLEY & GREATER GALLATIN AREA OF MONTANA

M B

H K |R

( 406)9249559 COM EMAIL:INFO@KNOFFGROUP. WWW . KNOFFGR OUP. COM C

®

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2020 Q1 Real Estate Market Update & Metrics by Marcie Hahn-Knoff, Broker | REALTOR® - Issuu