Bozeman - Big Sky Sotheby's International Realty Real Estate

BOZEMAN BROKERAGE 2000 So. 3rd Avenue Ste. A, Bozeman, MT 59715 |

+1 406.586.8866

BUYERS NEED TO KNOW OVERALL MARKET SNAPSHOT MEDIAN PRICE BIG SKY

MEDIAN PRICE BOZEMAN

MEDIAN PRICE MADISON VALLEY

2016

~$1.0M

~$375k

~$226k

2017

~$1.2M

~$389k

~$255k

19

MADISON

LOCAL BUYER’S REPRESENTATIVES

BROWN, RAINBOW AND MOUNTAIN WHITEFISH

(let us find the right spot for you)

2,767

45,250

YEAR-ROUND RESIDENTS IN BIG SKY

BIG SKY RESORT

YEAR-ROUND RESIDENTS BOZEMAN

BRIDGER BOWL

8,060

11,166’

63

SKIERS ON THE BUSIEST DAY OF THE SEASON

ELEVATION OF LONE PEAK

YEARS OF GRASSROOTS COMMUNITY SKIING

1957 17

MUSEUM OF THE ROCKIES FIRST EST.

IN-BOUND FLIGHTS DAILY TO BZN

6,700

STUDENTS AT BOZEMAN HIGH

15

CITIES WITH DIRECT FLIGHTS INTO BZN

LOCAL & INTERNATIONAL MARKETING

BLOG

THE NEW YORK TIMES

BIG SKY AND BOZEMAN

CHAMBER OF COMMERCE

NEWS

& TV 20,000

WORLDWIDE

AGENTS PROFESSIONAL PHOTO AND VIDEO W

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H O M E 800 OFFICES IN 70

COUNTRIES & TERRITORIES

EXPLORE BIG SKY

Current Offerings and Significant Sales

Bridger Canyon bit.ly/bssir209593

Gallatin Gateway bit.ly/bssir217753

Cottonwood Canyon bit.ly/bssir310465

640 AC $4,750,000

4 BR, 1 BA, 55.5 AC $7,000,000

3 BR, 5 BA, 25 AC $3,600,000

Nye, Little Rocky Creek bit.ly/bssir220469

Bridger Canyon bit.ly/bssir301304

Gallatin Gateway bit.ly/bssir310286

3 BR, 3 BA, 41.5 AC $1,875,000

3 BR, 3 BA, 23.2 AC $1,450,000

5 BR, 3 BA, 6.9 AC $760,000

Springhill Area bit.ly/bssir301160

Livingston bridahamcollection.com

Bozeman bridahamcollection.com

3 AC $295,000

4 BR, 4 BA, 33.08 AC $1,395,000

5 BR, 5 BA, 1.0 AC $1,264,000

Bozeman bit.ly/bssir216925

Bozeman bit.ly/bssir217578

Livingston bit.ly/bssir219551

4 BR, 3 BA, $535,000

4 BR, 3 BA, 12,414 SF $495,900

2 BR, 2 BA $350,000

ŠMMXVII Sotheby’s International Realty, Inc. All Rights Reserved. Source of all data contained in this report is the Big Sky Country Multiple Listing Service. This material is based upon information which we 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. These offerings are subject to errors, omissions, changes including price or withdrawal without notice. Each office independently owned and operated.

Equal housing opportunity.

Market Snapshot

Local Market Update – October 2017 This is a research tool provided by the Big Sky Country MLS

Bozeman City Limits Single Family

October

Year to Date

Key Metrics

2016

2017

% Change

Thru 10-2016

Thru 10-2017

% Change

New Listings

32

34

+ 6.3%

601

591

- 1.7%

Pending Sales

39

49

+ 25.6%

537

513

- 4.5%

Closed Sales

52

54

+ 3.8%

512

480

- 6.3%

Days on Market Until Sale

60

48

- 20.0%

64

57

- 10.9%

Median Sales Price*

$369,500

$388,000

+ 5.0%

$359,900

$380,000

+ 5.6%

Average Sales Price*

$416,315

$455,659

+ 9.5%

$402,194

$422,837

+ 5.1%

98.7%

98.2%

- 0.5%

99.0%

99.2%

+ 0.2%

Inventory of Homes for Sale

122

110

- 9.8%

––

––

––

Months Supply of Inventory

2.5

2.3

- 8.0%

––

––

––

Percent of List Price Received*

Condo/Townhouse

October

Year to Date

Key Metrics

2016

2017

% Change

Thru 10-2016

Thru 10-2017

% Change

New Listings

22

25

+ 13.6%

414

484

+ 16.9%

Pending Sales

27

31

+ 14.8%

416

396

- 4.8%

Closed Sales

31

32

+ 3.2%

384

345

- 10.2%

Days on Market Until Sale

49

28

- 42.9%

59

64

+ 8.5%

Median Sales Price*

$265,365

$242,450

- 8.6%

$235,250

$272,000

+ 15.6%

Average Sales Price*

$325,239

$270,981

- 16.7%

$257,055

$309,042

+ 20.2%

99.3%

99.2%

- 0.1%

99.0%

99.7%

+ 0.7%

Inventory of Homes for Sale

60

92

+ 53.3%

––

––

––

Months Supply of Inventory

1.6

2.5

+ 56.3%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family Rolling 12-Month Calculation

Median Sales Price - Condo Rolling 12-Month Calculation

Gallatin County Bozeman City Limits

Gallatin County Bozeman City Limits

$300,000

$400,000

$350,000 $250,000

$300,000 $200,000 $250,000

$150,000 $200,000

$150,000 1-2003

$100,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of November 10, 2017. All data from Big Sky Country Multiple Listing Service®. Report © 2017 ShowingTime.

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