BIG SKY MARKET WATCH 2013 - 3rd QUARTER REPORT COVERING BIG SKY RESORT, MOONLIGHT BASIN, GALLATIN CANYON, MEADOW VILLAGE, THE CLUB AT SPANISH PEAKS AND YELLOWSTONE CLUB
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SINGLE FAMILY HOME SALES
3RD 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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pending data for our area. Big Sky has 66 residential properties under contract, 4 over a
Subdivision
Alpenglow Antler Ridge Bear Paw Ponds Beaver Creek Bighorn Condos Black Eagle Lodge Cascade Cedar Creek Crail Creek Fairways Firelight Meadows Gallatin Canyon Glacier Hidden Village Hill Condo Lone Moose Meadows Lone Peak Center Lone Peak Townhomes Madison Court Meadow Village Minor Sub Moondance Moonlight Basin Moose Ridge Condo OTHER Powder Ridge Ramshorn River View San Marino on the Gallatin Silverbow Southfork Spanish Peaks Club Condo The Club at Spanish Peaks The Pines Yellowstone Condo Westfork Totals
Homes
Condos
1 2 1
2
1 1 2
1 2 1 1 1 4 1 1 1 1 2 1 1 1
2
12
Other
1 1
<$300,000
>$300,000
3
1 1 2 3
1
1
1 1
2 1
1 1 3 1 1 38
5 1 1 1
2
1 2
4
3
15
1 1 25
1
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1
1
2
1
1
1
1 1 1
1 1
1
1 1
4
1 1
>$1Million
1
1 1
3 1 7
1
Land
1
6
1
Other includes Recreational, Commercial and other Misc. properties.
This is current million dollars!
1
1 2 1 1 3 37
4
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{
Inventory was down
19.56% from Q3 - 2012
} Browse all MLS listings and learn more about the market at
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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
-‐8.44
2012 $53,341,275
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
*
56
190
$940,844
$3,360,000
$175,000
$700,000
105
-‐7.14
35.26
-‐12.90
123.21
10.29
-‐20.36
-‐10.48
52
257
$819,431
$7,500,000
$193,000
$557,500
94
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
17.65
-‐10.53
14.22
28.67
15.38
37.50
33.75
-‐14.37
102
265
$402,629
$1,650,000
$55,000
$267,500
149
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
60.64
40.82
-‐41.69
16.49
-‐22.00
-‐17.81
-‐20.93
69
186
$352,182
$1,950,000
$60,000
$170,000
AVG. DAYS ON MARKET 201 51.24 304 -‐16.78 253 -‐3.16 245 -‐0.41 244 -‐2.05 239 -‐7.11 222 -‐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 3.11 $485,784 -‐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 16.07 $3,900,000 -‐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 32.50 $53,000 -‐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 -‐15.45 $506,310 -‐100.00
AVG. LIST
% CHANGE
-‐8.77
Q1 -‐ Q3 2013 $48,664,552
CONDOMINIUM/TOWNHOME
Q1 -‐ Q3 2013 $41,967,886
LAND
Q1 -‐ Q3 2013 $23,797,200
TOTAL SALES
AVG. DAYS ON MARKET
# OF SALES
YEAR SALES VOLUME 2007 $141,331,738 -‐15.24 2008 $119,792,721 -‐45.96 2009 $64,737,415 33.87 2010 $86,663,176 26.48 2011 $109,614,381 -‐5.28 2012 $103,828,263 10.21 Q1 -‐ Q3 2013 $114,429,638 -‐100.00
UNITS SOLD 139 -‐13.67 120 -‐3.33 116 47.41 171 23.98 212 3.30 219 -‐37.44 137 -‐100.00
$665,631 -‐16.11 $558,421 6.02 $592,033 -‐8.06 $544,344 -‐10.31 $488,246
# OF LISTINGS * * 235 10.21 259 -‐41.31 152 14.47 174
# OF LISTINGS * * 237 -‐37.97 147 30.61 192 -‐19.79 154 -‐0.65 153 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 21.95 -‐8.55 95.95% 396 -‐100.00 -‐100.00
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THE GREATER BIG SKY AREA Sales Volume and Units Sold by Year
96 Units Sold Q3 2013
{
49 condos/townhomes
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sold 3rd Quarter 2013
}
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