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
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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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