BIG SKY MARKET WATCH 1st QUARTER 2014
COVERING BIG SKY RESORT, MOONLIGHT BASIN, GALLATIN CANYON, MEADOW VILLAGE, SPANISH PEAKS MOUNTAIN CLUB AND YELLOWSTONE CLUB
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Big Sky, Montana | Web ID: JYG52Y
Market Review 1
Market Observations
2
Resort Area Overview
2
Significant Sales
3-4
Market Observations
Pending Sales
Closed Sales
Median Sales Price
Inventory Levels
Days on Market
Quarterly Charts & Data
Mil lio n
$
S a l es Vol u m e
Tra n s a c t i o n s
Mil lio n
40.9 70 3.35 $
H ig he s t S a le
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.
Browse all MLS listings and learn more about the market at
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Sold Q1 - 2014 Condos/Twnhm: 3 Homes: 3 Homesites: 0 Pending: 9 MEADOW VILLAGE Sold Q1 - 2014 Condos/Twnhm: 13
Sold Q1 - 2014 Condos/Twnhm: 18 Homes: 3 Homesites: 7 Pending: 15
Sold in MLS Q1 - 2014 Homesites: 1
{
Homes: 9 Homesites: 3 Pending: 23
GALLATIN CANYON Sold Q1 - 2014 Homes: 3 Homesites: 2 Pending: 1
Sold Q1 - 2014 Condos/Twnhm: 3 Homes: 1 Homesites: 1 Pending: 4
Q1 2014 Spanish Club sales are up
Peaks Mountain 210% from Q4 2013
}
OUR SIGNIFIC ANT SALES
Sweetgrass Hills, 2095 Two Gun White Calf
Moonlight Basin’s Ulerys Lake, 1 Mountain Trail Browse all MLS listings and learn more about the market at
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MARKET DETAILS | ALL OF BIG SKY
All of Big Sky Total Sales Vol. and Number of Sales $180,000,000 1st Qtr. Sales Vol.
2nd Qtr. Sales Vol.
3rd Qtr. Sales Vol.
4th Qtr. Sales Vol
$44,810,789
$135,000,000
Units Sold
$44,759,906
0 40
$25,054,668
$39,965,150
$31,906,075
$90,000,000
0 30
$37,575,402 2
$26,242,250
$27,150,399
$20,226,050
Table 2
0
20
$45,000,000
336
$36,841,872
210
$25,188,550 MEDIAN SALE 169 # OF SALES SALES VOLUME AVG. SALE $27,762,700 700 $17,593,400 $20,019,200 124 Q4 2012 17 16,006,275 941,546 525,000 117 $15,401,965 Q1 2013 17 7,613,800 1,170,959 615,000 $21,279,891 $16,857,302 $16,750,238 Q2 2013 15 12,359,002 549,617 252,500 $10,795,000 0
10
0
$0
Q3 20132009
2
2010 16,399,250
2011 432,776
70
2012 250,000
Q4 2013
82
16,005,300
415,008
324,000
Q1 2014
20
18,536,926
825,390
545,000
$40,960,785
$33,791,230
2013
Q1 2014
Single Family Residential Quarterly Sales Data $1,200,000
$900,000
$20,000,000
$1,170,959
1
$941,546
{
avg
38
$15,000,000 $825,390
$600,000
$615,000 $525,000
$10,000,000 $549,617
$545,000 $432,776
$415,008
$300,000
$0
$5,000,000
$324,000 $252,500
$250,000
17 1 7
17 1 7
15 1 5
2
82 8 2
20 20
Q4 2012
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Q1 2014
# OF SALES
SALES VOLUME
AVG. SALE
$0
MEDIAN SALE
For more details on Single Family, Condos & Land sales please check out this link: http://bit.ly/1hJM1Zh Browse all MLS listings and learn more about the market at
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Table 2 # OF SALES
SALES VOLUME
AVG. SALE
MEDIAN SALE
Q4 2012
35
$10,347,400
$295,640
$195,000
Q1 2013
23
$10,405,430
$452,410
$320,000
Q2 2013
42
$17,035,400
$635,846
$500,000
Q3 2013
49
$15,814,956
$305,531
$250,000
Q4 2013
65
$10,405,430
$792,986
$605,000
36
$16,300,859
$425,172
$305,000
Big Sky, Montana | Web ID: NECE47 Q1 2014
Condo/Townhome Quarterly Sales Data $800,000
$18,000,000
$792,986
$635,846
$600,000
$13,500,000
$605,000
$500,000 $452,410
$400,000
$425,172
$9,000,000
Table 2
Q4 2012 $200,000
$195,000
Q1 2013 Q2 2013
}
Q3 2013 $0 Q4 2013
g days on market 8 for condos in the
$800,000
MEDIAN SALE
17
5552400
22
3764500
171114
18
8011000
383310
13
12021700
Q4 2012
Q1 2013 18
Q2 2013 3634000
14
SALES VOLUME 6123000
200000 115000 208750
65 6 5
49 4 9
42 4 2
23 2 3
# OF SALES
$305,531 AVG. SALE
$250,000 323435
35 3 5
Q1 2014
Meadow Village
$320,000 SALES VOLUME
# OF SALES
$295,640
701069
547000
Q3 2013 382881
Q4 2013 305000
AVG. SALE 364833
727000
$305,000 $4,500,000
36 36 Q1 2014
$0
MEDIAN SALE
Land Quarterly Sales Data $13,000,000 $727,000
$701,069 $600,000
$9,750,000 $547,000
$400,000
$383,310
$382,881
$323,435 $200,000
$0
$6,500,000 $364,833
$305,000
$200,000
$3,250,000
$208,750
$171,114 $115,000
17 1 7
22 22
18 1 8
13 1 3
18 1 8
14 1 4
Q4 2012
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Q1 2014
# OF SALES
SALES VOLUME
AVG. SALE
$0
MEDIAN SALE
For more details on Big Sky, Moonlight, Spanish Peaks & YC sales please check out this link: http://bit.ly/1hJM1Zh Browse all MLS listings and learn more about the market at
1
bigskysir.com