GALLATIN VALLEY MARKET WATCH 2013 YEAR in review Covering THE LUXURY MARKETS of Bozeman, Bridger Canyon, Belgrade and North of Belgrade.
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CONTENTS
Bozeman, Montana | Web ID: 4462845
Luxury Market Review
Luxury Market Observations
1 overview by Vivian Bridaham 2 SigniďŹ cant Sales
3
details of Gallatin Valley Luxury Sales
4
Pricing Your Property
Pending Sales
Closed Sales
Median Selling Price
Consumer Confidence: Sales Volume | Unit Sales $70,000,000
Inventory Levels
days on Market
(over a million)
38
40
$52,500,000
27
30
24 $35,000,000 12
13 8
$17,500,000
$0
20
16
2007
2008
2009
SALES VOLUME
2010
2011
10
2012
2013
0
UNITS SOLD
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Big Sky Sotheby’s International Realty Gallatin Valley Luxury Market - 2013 Year in Review by Vivian Bridaham We consider the Luxury Market in the Gallatin Valley to be over $1 million. There were 27 sales over $1 million in 2013, compared with 16 sales in 2012. The highest sale in 2013 was $4.6 million as compared to the highest in 2012 of $7 million. The total price of the sales in 2013 was $46,403,000. In 2012 the total price of the sales was $32,600,712. The Median sold price is 2013 was $1.45 million whereas in 2012 it was $1.2 million. The Southwest Montana Ranch Market was the strongest in Montana. We found that in 2013 buyers were paying a premium for recreational sites in Western Montana. River Sites with a 78 acre average were selling for $810,000-$900,000. The Gallatin Valley land averaging 200 acres was selling for $7,384/acre for unimproved acreage. Courtesy of Clark Wheeler, Norman C. Wheeler, appraiser.
Tra ns a c t ions
Sa l es Vo l u m e
$
Million
Million
>Million
46.4 27 4.6
$
H ig he s t Sa le
SIGNIFIC ANT SALES
Eagle Rock Reserve, 144 Star Ridge, List Price $2,400,000
Blackwood Settlement, List Price $1,295,000 Browse all MLS listings and learn more about the market at
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MARKET DETAILS
(OVER A MILLION)
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CHARTS FOR LUXURY SALES
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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