BIG SKY
MARKET WATCH 1ST QUARTER 2016
COVERING BIG SKY RESORT, MOONLIGHT BASIN, GALLATIN CANYON, MEADOW VILLAGE, SPANISH PEAKS MOUNTAIN CLUB AND YELLOWSTONE CLUB
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Big Sky, Montana | MLS ID: 212788
MARKET REVIEW 1
Market Observations
2
Resort/Area Overview
2
Significant Sales
3-5
MARKET OBSERVATIONS
Pending Sales
Quarterly Charts & Data
Closed Sales
Median Condo Sales Price
Inventory Levels
Sal es Vo l u m e
$
Tra n s a c t i o n s
Mil lio n
Mil lio n
41.5 56 5.9
$
H ig he s t Sa le
Jeff Helms, Broker - Big Sky Sotheby’s International Realty represented the buyer.
Cover Property Big Sky, Montana | Web ID: 207418 © MMVI Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated. 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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Moonlight Pending/Sold Q1 - 2016 Condos/Twnhm: 1 Homes: 6 Homesites: 1 Pending: 6 New Development Pending: 4 New Development Sold: 3
Meadow Village Pending/Sold Q1 - 2016 Condos/Twnhm: 13 Homes: 4 Homesites: 4 Pending: 18 New Development Pending: 1 New Development Sold: 0
Big Sky Pending/Sold Q1 - 2016 Condos/Twnhm: 17 Homes: 1 Homesites: 2 Pending: 19 New Development Pending: 10 New Development Sold: 0
Spanish Peaks Mountain Club Pending/Sold Q1 - 2016
Yellowstone Club Pending/Sold Q1 - 2016
Condos/Twnhm: 1 Homes: 2 Homesites: 0 Pending: 1 New Development Pending: 0 New Development Sold: 0
Gallatin Canyon Pending/Sold Q1 - 2016 Condos/Twnhm: 0 Homes: 0 Homesites: 4 Pending: 3 New Development Pending: 0 New Development Sold: 0
Condos/Twnhm: 0 Homes: 1 Homesites: 0 Pending: 0 New Development Pending: 0 New Development Sold: 0
OUR SIGNIFICANT SALES
New Construction Moose Ridge 59, Big Sky, MT Jeff Helms, Broker
Moonlight Basin, Saddle Ridge G4, Big Sky, MT Lisa Knorr, Broker 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 $300,000,000 1st Qtr Volume
2nd Qtr Volume
0 40
$225,000,000
0
30 0
20
$150,000,000
169
210 124
117 0
10
$39,965,150
$20,226,050 $17,593,400 $15,401,965 $0
$36,841,872
0
$75,000,000
$10,795,000 2009
$25,054,668
$27,150,399 $20,019,200 $16,857,302 2010
$25,188,550 $21,279,891 2011
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$31,906,0
$26,242,2
$27,762,7
$16,750,2 2012
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MARKET DETAILS | ALL OF BIG SKY
l Sales Vol. and Number of Sales
e
075
250
700
3rd Qtr Volume
336
4th Qtr Volume
$89,549,094
313
292 $75,517,225
$44,810,789
$52,184,550
$44,759,906
$34,647,460
56
$58,926,384 $49,594,666
$37,575,402
$33,791,230
$40,960,785
$32,271,030
$45,526,844
238 2013
2014
2015
2016
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Table 2 # OF SALES SALES VOLUME
AVG. SALE
MEDIAN SALE
Q1 2014
20
18,536,926
825,390
545,000
Q2 2014
22
32,011,500
1,394,575
997,500
Q3 2014
28
28,541,669
962,372
644,866
Q4 2014
20
63,394,130
2,554,333
1,625,000
Q1 2015
13
14,994,500
1,039,500
965,000
Q2 2015
13
19,235,500
1,238,682
1,200,000
Q3 2015
13
10,897,580
805,024
725,000
Gallatin Canyon, Montana | Web ID: 207547
Home Sales - First Quarter
AVERAGE SALES PRICE/SQ. FT. WAS $4901,179,554 Q4 2015 26 39,774,837 1,241,980 2016 14 23,129,374 1,634,198 1,070,000 7 Q1HOMES SOLD OVER $1,000,000 AND 7 UNDER Single Family Residential Quarterly Sales Data $70,000,000
$3,000,000
28
28 $52,500,000 21
20
26 $2,250,000
22
20
$35,000,000
13
14
$17,500,000
$0
13
$1,500,000
14
13
$750,000
7
0 Q1 2014
Q2 2014
Q3 2014
SALES VOLUME
Q4 2014 AVG. SALE
Q1 2015
Q2 2015 MEDIAN SALE
Q3 2015
Q4 2015
Q1 2016
$0
# OF SALES
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Table 2 # OF SALES Q1 2014
SALES VOLUME
36
Q2 2014 34 210153 Big Sky, Montana | Web ID: Q3 2014
43
AVG. SALE
MEDIAN SALE
$16,300,859
$425,172
$305,000
$22,693,884
$488,090
$367,500
$20,079,081
$440,034
$273,000
Condo Sales - First Quarter Q4 2014
46
$15,797,964
$331,204
$285,000
Q1 2015
23
$12,116,530
$483,763
$359,900
Q2 2015 37 $19,066,666 $300,000 AVERAGE SALES PRICE FOR CONDOS $443,448 IN THE MEADOW - $355,603 Q3 2015 29 $15,027,500 $452,833 $390,000 AVERAGE SALES PRICE FOR CONDOS $522,021 ON THE MOUNTAIN - $303,594 Q4 2015 45 $25,612,388 $325,000 Q1 2016
31
$12,356,630
$344,625
$300,000
Condo/Townhome Quarterly Sales Data $26,000,000
$600,000 50
43
$19,500,000 38
36
46
45 $450,000
37
34
31
29 $13,000,000 25
$6,500,000
$0
$300,000
23
$150,000
13
0 Q1 2014
Q2 2014
Q3 2014
SALES VOLUME
Q4 2014
Q1 2015
AVG. SALE
Q2 2015
Q3 2015
MEDIAN SALE
Q4 2015
Q1 2016
$0
# OF SALES
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Table 2 # OF SALES
SALES VOLUME
AVG. SALE
MEDIAN SALE
Q1 2014
14
6,123,000
364,833
272,000
Q2 2014
11
4,221,000
345,111
205,000
Q3 2014
11
3,563,800
268,311
185,000
The Biggs BarX Ranch, Townsend, Montana | Web ID: 206210
Q4 2014 Sales -28First Quarter Land 10,357,000 339,423
250,000
Q1 2015
19
5,160,000
217,882
195,000
Q1 2016
11
3,040,840
258,316
280,000
AVERAGE SALES PRICE IN THE MEADOW 410,326 WAS $238,500 Q2 2015 25 11,292,500 330,000 AVERAGE SALES PRICE IN THE CANYON WAS Q3 2015 25 8,722,380 325,911 $200,500 300,000 Q4 2015 19 9,695,000 355,882 325,000 AVERAGE SALES PRICE ON THE MOUNTAIN WAS $408,947 Land Quarterly Sales Data $12,000,000
$500,000
28
28
25
25
$9,000,000
$375,000 21
$6,000,000 14
$3,000,000
$0
19
19
14
$250,000
11
11
11 $125,000
7
0 Q1 2014
Q2 2014
SALES VOLUME
Q3 2014
Q4 2014 AVG. SALE
Q1 2015
Q2 2015
MEDIAN SALE
Q3 2015
Q4 2015
Q1 2016
$0
# OF SALES
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MARKET DETAILS | YTD: MARCH 2016
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
Under $500,000
34
$8,372,340
$346,245
Single Family
14
$26,129,374
$1,634,198
$500,001 to $1,000,000
12
$8,243,630
$686,969
MulM Family
31
$12,356,630
$344,625
$1,000,001 to $1,500,000
4
$4,468,374
$1,117,094
Land
11
$3,040,840
$258,316
$1,500,001 to $2,000,000
1
$1,780,000
$1,780,000
$2,000,001 to $2,500,000
1
$2,275,000
$2,275,000
$2,500,001 to $3,000,000
1
$2,750,000
$2,750,000
$3,000,001 to $3,500,000
1
$3,050,000
$3,050,000
$3,500,001 to $4,000,000
0
$0
$0
Over $4 Million
2
$10,587,500
$5,293,750
RESIDENTIAL TOTAL:
56
$41,526,844
$658,136
TOTAL NUMBER OF TRANSACTIONS
TOTAL DOLLAR VOLUME
$3,000,001 to $3,500,000 $2,500,001 to $3,000,000
Under $500,000
Over $4 Million $2,000,001 to $2,500,000
Over $4 Million
$1,500,001 to $2,000,000 $1,000,001 to $1,500,000
$3,000,001 to $3,500,000
$500,001 to $1,00
$500,001 to $1,000,000 Under $500,000 $2,500,001 to $3,000,000 $2,000,001 to $2,500,000
$1,500,001 to $2,000,000 $1,000,001 to $1,500,000
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MARKET DETAILS | TOTALS 2015
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
Under $500,000
178
$49,584,748
$278,422
Single Family
66
$85,261,417
$1,176,470
$500,001 to $1,000,000
61
$40,588,403
$662,770
MulM Family
137
$72,670,534
$512,078
$1,000,001 to $1,500,000
27
$34,397,322
$1,273,975
Land
88
$34,869,880
$363,533
$1,500,001 to $2,000,000
12
$21,028,358
$1,752,363
$2,000,001 to $2,500,000
4
$9,645,000
$2,411,250
$2,500,001 to $3,000,000
1
$2,700,000
$2,700,000
$3,000,001 to $3,500,000
6
$19,933,000
$3,322,167
$3,500,001 to $4,000,000
0
$0
$0
Over $4 Million
2
$14,925,000
$7,462,500
RESIDENTIAL TOTAL:
291
$192,801,831
$632,826
TOTAL NUMBER OF TRANSACTIONS
TOTAL DOLLAR VOLUME
$3,000,001 to $3,500,000
$3,000,001 to $3,500,000
Over $4 Million $2,000,001 to $2,500,000
$2,500,001 to $3,000,000
$1,500,001 to $2,000,000
$2,000,001 to $2,500,000
$1,000,001 to $1,500,000
Under $500,000
$1,500,001 to $2,000,000
$500,001 to $1,000,000 Under $500,000 $1,000,001 to $1,500,000
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$500,001 to $1,000,000
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