Big Sky Quarterly Market Watch

BIG SKY 2013 1st QUARTER REPORT COVERING BIG SKY RESORT, MOONLIGHT BASIN RESORT, GALLATIN CANYON, MEADOW VILLAGE, THE CLUB AT SPANISH PEAKS AND YELLOWSTONE CLUB

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Post Office Box 160056 Big Sky, Montana 59716 bigskysothebysrealty.com

{ 11%

Inventory was down

This is current contract!

pending data for our area.

Subdivision Aspen Groves Beaverhead Buck Ridge Ranch Cascade Cedar Creek Firelight Meadows Glacier Grey Drake Grey Wolf Hidden Village Hill Condos Meadow Village Moonlight Basin Powder Ridge Ramshorn View Estates Shoshone Silverbow South Fork The Club at Spanish Peaks Summit Hotel Condo The Pines Yellowstone Club Totals

Homes 1 2

2 1 2

1 9

Condos 1 1 5 1 1 4 2 3 4 1 1 1 2 1 28

from Q1 - 2012

}

Big Sky has 45 residential properties under Land 1

1

<$300,000 1

>$300,000

1 5 1 1 4 2

2 1 1 2

8

1 1 1 1 1 2 22

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1 2

>$1Million 1

1

2 5 4 2

1 1 19

1

1 1 4

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SINGLE FAMILY HOMES SALES

1ST QUARTER SINGLE FAMILY HOME SALES: WHERE PROPERTIES ARE SELLING AND SOLD PRICES

Source of all data contained in this report is the Gallatin Association of Realtors, Multiple Listing Service. Information is consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. Consult your Big Sky Sotheby’s Int’l Realty sales associate for more information.

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THE GREATER BIG SKY AREA SINGLE-­‐FAMILY

SALES VOLUME

2007 $65,425,750 % CHANGE

-­‐16.57

2008 $54,583,500 % CHANGE

-­‐36.77

2009 $34,512,715 % CHANGE

15.80

2010 $39,965,150 % CHANGE

45.77

2011 $58,256,984 % CHANGE

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

# OF LISTINGS

45

182

$1,406,515

$4,300,000

$151,000

$1,237,500

*

-­‐33.33

36.26

43.27

15.70

55.63

46.16

30

248

$2,015,173

$4,975,000

$235,000

$1,808,750

10.00

3.23

-­‐51.59

-­‐16.11

6.38

-­‐59.75

33

256

$975,645

$4,173,715

$250,000

$728,000

138

33.33

-­‐5.86

-­‐14.50

16.20

-­‐67.60

-­‐1.79

2.17

44

241

$834,146

$4,850,000

$81,000

$715,000

141

25.00

19.92

26.98

9.28

-­‐7.41

-­‐66.08

-­‐24.11

55

289

$1,059,218

$5,300,000

$75,000

$242,500

107

1.82

-­‐34.26

-­‐11.18

-­‐36.60

133.33

188.66

-­‐1.87

# OF SALES

-­‐8.44

2012 $53,341,275

56

190

$940,844

$3,360,000

$175,000

$700,000

105

-­‐69.64

32.11

24.46

-­‐19.64

32.46

-­‐12.14

0.00

17

251

$1,170,959

$2,700,000

$231,800

$615,000

105

2007 % CHANGE 2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

SALES VOLUME $55,115,238 -­‐31.84 $37,564,284 -­‐46.76 $19,998,150 55.18 $31,033,026 28.16 $39,771,347 -­‐10.30 $35,673,088

# OF SALES 72 -­‐19.44 58 1.72 59 61.02 95 37.89 131 -­‐12.98 114

AVG. DAYS ON MARKET 193 71.50 331 -­‐16.31 277 -­‐5.05 263 -­‐17.49 217 6.91 232

AVG. SALE $654,776 -­‐1.09 $647,660 -­‐46.72 $345,042 -­‐9.35 $312,774 -­‐2.93 $303,598 3.07 $312,922

HIGH SALE $2,225,000 24.94 $2,780,000 -­‐46.04 $1,500,000 26.67 $1,900,000 26.32 $2,400,000 -­‐40.42 $1,430,000

LOW SALE $140,000 -­‐70.00 $42,000 66.67 $70,000 -­‐35.71 $45,000 -­‐46.67 $24,000 66.67 $40,000

MEDIAN SALE $454,500 3.40 $469,950 -­‐46.80 $250,000 -­‐6.00 $235,000 -­‐22.55 $182,000 9.89 $200,000

% CHANGE

-­‐70.83

-­‐79.82

-­‐18.10

44.58

2.80

132.50

60.00

0.00

23

190

$452,410

$1,470,000

$93,000

$320,000

174

2007 % CHANGE 2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

SALES VOLUME $20,790,750 32.97 $27,644,937 -­‐63.01 $10,226,550 53.18 $15,665,000 -­‐26.04 $11,586,050 27.86 $14,813,900

# OF SALES 22 45.45 32 -­‐25.00 24 33.33 32 -­‐18.75 26 88.46 49

AVG. DAYS ON MARKET 262 28.24 336 -­‐36.61 213 -­‐7.98 196 47.45 289 10.38 319

AVG. SALE $945,034 -­‐5.75 $890,667 -­‐54.29 $407,116 12.47 $457,900 -­‐2.68 $445,617 -­‐32.16 $302,324

HIGH SALE $2,000,000 250.00 $7,000,000 -­‐88.57 $800,000 72.88 $1,383,000 124.15 $3,100,000 -­‐19.35 $2,500,000

LOW SALE $225,000 -­‐38.67 $138,000 -­‐61.59 $53,000 79.25 $95,000 -­‐35.79 $61,000 19.67 $73,000

MEDIAN SALE $846,250 -­‐28.80 $602,500 -­‐35.68 $387,500 16.13 $450,000 53.33 $690,000 -­‐68.84 $215,000

% CHANGE

-­‐74.59

-­‐55.10

-­‐50.47

-­‐43.40

-­‐66.00

-­‐10.96

-­‐46.51

22

158

$171,114

$850,000

$65,000

$115,000

AVG. DAYS ON MARKET 201 51.24 304 -­‐16.78 253 -­‐3.16 245 -­‐0.41 244 -­‐2.05 239 0.00 239 -­‐100.00

AVG. SALE $1,016,775 -­‐1.82 $998,273 -­‐44.10 $558,081 -­‐13.78 $481,173 7.46 $517,049 -­‐8.88 $471,115 16.66 $549,617 -­‐100.00

HIGH SALE $4,300,000 62.79 $7,000,000 -­‐40.38 $4,173,715 16.20 $4,850,000 9.28 $5,300,000 -­‐36.60 $3,360,000 -­‐19.64 $2,700,000 -­‐100.00

LOW SALE $140,000 -­‐70.00 $42,000 26.19 $53,000 -­‐15.09 $45,000 -­‐46.67 $24,000 66.67 $40,000 62.50 $65,000 -­‐100.00

AVG. ORG. LIST $1,133,532 -­‐4.22 $1,085,691 -­‐29.26 $768,053 -­‐17.81 $631,225 7.03 $675,621 -­‐11.37 $598,810 -­‐17.98 $491,141 -­‐100.00

AVG. LIST

% CHANGE

-­‐85.73

1st QTR 2013 $7,613,800

CONDOMINIUM/TOWNHOME

1st QTR 2013 $10,405,430

LAND

1st QTR 2013 $3,764,500

TOTAL SALES

*

YEAR SALES VOLUME UNITS SOLD 2007 $141,331,738 139 -­‐15.24 -­‐13.67 2008 $119,792,721 120 -­‐45.96 -­‐3.33 2009 $64,737,415 116 33.87 47.41 2010 $86,663,176 171 26.48 23.98 2011 $109,614,381 212 -­‐5.28 3.30 2012 $103,828,263 219 -­‐79.02 -­‐71.69 1st QTR 2013 $21,783,730 62 -­‐100.00 -­‐100.00

$665,631 -­‐16.11 $558,421 6.02 $592,033 -­‐8.06 $544,344 -­‐12.38 $476,933

# OF LISTINGS * * 235 10.21 259 -­‐41.31 152 14.47 174

# OF LISTINGS * * 237 -­‐37.97 147 30.61 192 -­‐19.79 154 0.00 154 Sale Price/Org List Price Units Listed 89.70% 761 2.51 -­‐21.42 91.95% 598 -­‐20.98 -­‐0.67 72.66% 594 4.91 8.42 76.23% 644 0.39 0.00 76.53% 644 2.80 -­‐32.76 78.68% 433 42.24 0.00 111.91% 433 -­‐100.00 -­‐100.00

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THE GREATER BIG SKY AREA Sales Volume and Units Sold by Year

62 Units Sold 1st Qtr 2013

{ 22

subdivision lots sold 1st Quarter 2013

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}

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