Q1 2018 Big Sky, Montana Market Report

Q1 2018 Market Report A COMPREHENSIVE ANALYSIS OF THE RESIDENTIAL REAL ESTATE MARKET IN BIG SKY MONTANA

B I G S K Y, M T

Units Sold

Meadow Village

Avg. Sold Price Avg. Days on Market Units Sold

Mountain Village

Avg. Sold Price Avg. Days on Market Units Sold

Gallatin Canyon

Avg. Sold Price Avg. Days on Market Units Sold

Spanish Peaks Camp Westfork

Meadow Village | $3,500,000

Avg. Sold Price Avg. Days on Market Units Sold

Moonlight

Avg. Sold Price Avg. Days on Market

B I G S K Y, M T

Units Sold

Meadow Village

Avg. Sold Price Avg. Days on Market Units Sold

Mountain Village

Avg. Sold Price Avg. Days on Market Units Sold

Spanish Peaks

Avg. Sold Price Avg. Days on Market Units Sold

Moonlight Basin

Avg. Sold Price Avg. Days on Market

18 Woodbine Place Meadow Village | $419,000

B I G S K Y, M T

Units Sold

Meadow Village

Avg. Sold Price Avg. Days on Market Units Sold

Mountain Village

Avg. Sold Price Avg. Days on Market Units Sold

Gallatin Canyon

Avg. Sold Price Avg. Days on Market Units Sold

Spanish Peaks

Avg. Sold Price Avg. Days on Market Units Sold

Moonlight Basin Lone Walker Lot 51 Meadow Village | $190,000

Avg. Sold Price Avg. Days on Market

S I N G L E FA M I LY H O M E S A L E S Q1 2017

Q1 2018

%

4

3

+25%

$575,000

$708,333

+23%

132

5

-96%

0

3

+300%

$0

$1,771,667

%

0

104

%

4

4

0%

$671,250

$630,750

-6%

390

139

-64%

1

5

+400%

$1,995,000

$2,624,200

+32%

235

266

+13%

3

2

-33%

$2,274,295

$2,305,829

+1%

697

247

-65%

100 Red Moose Lane Meadow Village | $2,450,000

CONDOMINIUM SALES Q1 2017

Q1 2018

%

18

18

0%

$439,694

$448,711

+2%

143

78

-46%

19

18

-5%

$642,073

$396,167

-38%

224

129

-42%

2

0

%

$2,322,500

$0

%

286

0

%

2

5

+150%

$687,500

$1,053,831

+53%

104

126

+21%

Beaverhead Condo 1468 Mountain Village | $975,000

LAND SALES Q1 2017

Q1 2018

%

6

11

$154,938

$233,639

+51%

494

682

+38%

+83%

8

4

-50%

$293,750

$453,750

+55%

480

141

-71%

3

1

-67%

$316,000

$699,500

+121%

137

303

+121%

3

3

0%

$467,667

$518,333

11%

255

557

+118% +200%

1

3

$1,300,000

$1,121,667

-14%

82

487

+494%

Tract 3, Section 5

Gallatin Canyon | $1,800,000

Meadow Village The Meadow Village is the heart of Big Sky, home to the majority of year-round residents. With a wide variety of dining, shopping, and entertainment options, Big Sky Resort’s Arnold Palmer designed public golf course sits under the gaze of Lone Peak. Set a little further back in the Meadow is the Community Park, featuring multi-use sporting fields, a skate park, tennis courts, a playground, picnic pavilion, and a disc golf course. During the winter months, cross-country ski trails make their way through Meadow Village neighborhoods.

Also within Big Sky’s Meadow Village is the Big Sky Town Center, known as Big Sky’s downtown. Featuring dining, shopping, grocery stores, and nightlife, in the summer months it is the setting for free outdoor weekly concerts and farmers’ markets, along with other specialty events. During the winter months, the Town Center features an outdoor ice skating and hockey rink, equipped with lights for evening fun.

31

Active Residential Listings

845,000 4.8

Median Residential List Price for Meadow Village

5.6

$

MAR 2017 MAR 2018

1095 LONE WALKER BIG SKY, MT 59716 3 BEDROOMS 3 BATHROOMS 1,720 SQUARE FEET MLS #312267 LISTED AT $560,000

sold

7 RINGNECK ROAD BIG SKY, MT 59716 3 BEDROOMS 2 BATHROOMS 1,908 SQUARE FEET MLS #318095 OFFERED AT $599,000

This sunny, one owner condo is in mint condition. It sits perched on a hill overlooking South Fork and the Big Sky Town Center and is convenient to all Town Center amenities, including shopping, dining, outdoor music, ice skating and the farmers market.

Sun streams through the tall great room windows all morning, bathing the condo in light.

Charming 3 bedroom, 3 bathroom home perched on Lone Walker Road. Soak up the mountain views while enjoying all the elbow room a single-family home has to offer. This ideal location allows you to access skiing at Big Sky Resort less than six miles away or walk into the Big Sky Town Center for dinner and a movie. Whether you are looking for a primary residence or a Montana ski cottage this opportunity is a must see!

Mountain Village The iconic Mountain Village operates as the ski area’s hub of activity and nightlife. Amenities include 5,800 acres of world class skiing, including 150 named runs covering over 85 miles on three separate mountains and a tram-accessible 11,166 foot peak, heated outdoor pools, two hotels, 18-hole Arnold Palmer golf course located in the Meadow, and a variety of on-mountain summer activities including zipline tours, Lone Peak expeditions, skeet shooting, archery and mountain biking. Big Sky Resort offers over 40 miles of mountain biking trails from the Mountain Village and the area’s only lift accessible downhill trails from the Swift Current, Ramcharger, and Explorer lifts.

78

Active Residential Listings

672,000 12.5

Median Residential List Price for Mountain Village

10.3

$

MAR 2017 MAR 2018

SHOSHONE 1927 BIG SKY, MT 59716 1 BEDROOMS 2 BATHROOMS 907 SQUARE FEET MLS #312777 OFFERED AT $295,000

LOCATION LOCATION LOCATION! You’re looking for a convenient ski-in, ski-out condo in the heart of Big Sky’s base area? Look no further! This larger “elbow” unit faces Lone Peak and has a full kitchen and fireplace. Amenities at the Shoshone include ski storage, swimming pool and hot tub, spa/fitness room, restaurants, concierge, valet parking, and housekeeping.

HILL 1227 BIG SKY, MT 59716 STUDIO 1 BATHROOMS 440 SQUARE FEET MLS #316125 OFFERED AT $148,000

Perfect little Hill studio! Watch people ski down Silver Knife from your couch! Beautiful, sunny views of the creek and Andesite Mountain. This unit has been fixed up and would make a perfect permanent residence.

Second floor, back row, back side, quiet local neighbors. This place is just a couple minutes walk to the Bus stop and a short ride to the base of the ski area.

Gallatin Canyon The scenic Gallatin Canyon, where scenes from the movie “A River Runs Through It” was filmed, is known as the Canyon Village section of the Big Sky area. Highway 191 makes its way from the Bozeman area to the north and West Yellowstone to the south, following the beautiful Gallatin River to the turnoff to Big Sky’s Meadow Village (2 miles up the road), Big Sky Town Center (3 miles up the road), and Big Sky Resort (9 miles up the road). Many people opt to live in the Canyon area, which features a variety of dining and lodging options, along with riverfront homes, custom mountain homes, cabins, and home sites.

Life in the Gallatin Canyon features a myriad of wildlife and outdoor activities. Bald eagles, bighorn sheep, bears, moose, elk, mountain goats, deer, and coyote are among some of the wildlife that can be spotted throughout. In the summer months, people recreate on the Gallatin River, fishing, kayaking, whitewater rafting, or scouring the banks for petrified wood and fossils. The Canyon also features spectacular hiking, mountain biking, and rock climbing opportunities that lead to great heights above the valley floor for endless photo opportunities.

15

Active Residential Listings

1,575,000 6.4

Median Residential List Price for Gallatin Canyon

5.9

$

MAR 2017 MAR 2018

ELK RIDGE RANCH UPPER HIGHLAND DRIVE PARCEL 22 GALLATIN GATEWAY, MT 59730 19.879 ACRES MLS #304237 OFFERED AT $550,000

This 20 acre parcel has magnificent views in several directions with “end of the road” type privacy. You can view Lone Mountain, the Spanish Peaks, Pioneer Mountain and beyond from this amazing piece of Big Sky. Elk Ridge Ranch is a section of land divided into mostly 20 +/- acre parcels. Appropriately named, Elk Ridge Ranch has numerous elk (as well as other wildlife) that frequent the area.

DEVELOPER’S DREAM MICHENER CREEK RD, SECT. 7 BIG SKY, MT 59716

621 ACRES MLS #217013 OFFERED AT $9,500,000

Own your own Section of the Big Sky! Whether you seek a mountain hideaway or are looking for an opportunity to develop your real estate portfolio, Section 7 can accommodate your needs.

Featuring approximately 621 acres, this property has preliminary plat approval for 37 home-sites (valid through August 2019).

Spanish Peaks Spanish Peaks Mountain Club is a 5,700-acre private ski and golf community located between Big Sky Resort and the Yellowstone Club within the Andesite and Flat Iron Mountains. With a selection of custom mountain homes and home sites that range from 1 to 25 acres, the centerpiece of Spanish Peaks is the Clubhouse, a 32,000-square-foot mountain lodge that serves as a community gathering space and the basecamp for golf and skiing.  During the summer, The Spanish Peaks Mountain Club offers one of the finest golf courses in the Rocky Mountains. An alpine course with an open meadow feel, the Tom Weiskopf-designed Club at Spanish Peaks Golf Course features spectacular mountain views, frequent wildlife sightings, and a feeling that you have the place all to yourself. Here, golf members are surrounded by Montana’s wild beauty, with wildflower-filled meadows, pine forests, and a sense of solitude on the greens. Fishermen can also enjoy over four miles of private access on tributaries of the Gallatin River.

14

Active Residential Listings

2,887,500 6.9

Median Residential List Price for Spanish Peaks

14.4

$

MAR 2017 MAR 2018

39 HOMESTEAD CABIN FORK BIG SKY, MT 59716 3 BEDROOMS 5 BATHROOMS 2,318 SQUARE FEET MLS #304460 OFFERED AT $1,789,000

This amazing golfer’s dream Homestead Cabin has 3 bedrooms, 4 full baths and a spacious living area, right off the 17th fairway of the Tom Weiskopf Signature Golf Course. Tastefully furnished with hardwood floors, vaulted ceilings, stainless steel appliances, tiled bathrooms and attached one car garage. Imagine taking in the breathtaking views on your own private deck with an outdoor fireplace and private hot tub.

LOT 51 GOSHAWK TRAIL BIG SKY, MT 59716

1.01 ACRES MLS #304473 OFFERED AT $795,000

Enjoy skiing in and out of this Elkridge Ranch homesite perched on the Southern ridge of the Spanish Peaks Mountain Club. Soak up the views of the surrounding mountain ranges while the kids sled, mountain bike or adventure on the adjacent hundred acres of open space. The Club includes a private Tom Weiskopf Signature Golf Course, Clubhouse, swimming pool, playground, kids center, exercise facility, and ski hill.

Moonlight Basin Moonlight Basin is a 8,150 acre public business model situated between Lone Mountain and the Spanish Peaks range in the Jack Creek drainage of Madison County. Amenities include a spa, 8,000-yard Jack Nicklaus golf course and 1,900 acres of pristine groomers, tree glades, and challenging steep terrain (with more terrain to come). Hiking, snowshoeing, archery, dog sledding, Nordic, mountain biking and paddling at Ulery’s Lake with some of best views of Beehive Basin and the Spanish Peaks that you can find in Big Sky. Vacant land parcels vary in size from 1 acre to 160 acres. Residential options include private ski-in, ski-out homes, cabins, and condos. Much of their real estate can be accessed on skis to both Moonlight Basin and Big Sky Resort’s 5,800 skiable acres.

19

Active Residential Listings

2,165,000 6.8

Median Residential List Price for Moonlight Basin

15.9

$

MAR 2017 MAR 2018

SADDLE RIDGE J1 BIG SKY, MT 59716 3 BEDROOMS 4 BATHROOMS 2,176 SQUARE FEET MLS #303815 OFFERED AT $874,900

sold

6 LAKEWOOD DRIVE BIG SKY, MT 59716 2 BEDROOMS 3 BATHROOMS 1,389 SQUARE FEET MLS #215645 OFFERED AT $1,075,000

Ski accessibility out the front door and lake accessibility out the back door make this free-standing condo at Moonlight Basin a year-round dream vacation property. Clean lines and oversized windows offset the rugged outdoorsy setting and dreamy mountain views. The buyer is a family of five lucky Montanans who will use the home frequently and then rent it the rest of the time.

They love sledding, skating, and mountain biking.

sold

Outstanding views and ski access from this turnkey 3 bedroom/4 bathroom Saddle Ridge Townhome. Ski from Iron Horse or Pony Express to access the best skiing in America at Moonlight Basin and Big Sky Resort! Enjoy the Southern exposure from the hot tub on the upper deck and views of Big Sky Resort’s Lone Peak and Andesite Mountain. Close proximity to Moonlight Lodge.

BIG SKY BROKERAGE

33 Lone Peak Drive Unit 105 Big Sky, MT 59716

BOZEMAN BROKERAGE 2000 S.3rd Ave Ste A Bozeman, MT 59715

PO Box 160056 Big Sky, MT 59716-0056 bigskysircom

Giving Big Sky Sotheby’s International Realty gave to the following amazing causes/organizations Q1 2018:

Madison/Gallatin Trout Unlimited Big Sky Skijoring - Best in the West Arts Council of Big Sky - Sixth Annual Art Auction Big Sky Ski Education Foundation Montana Chamber Music Society

This material is based upon information that 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. This offering is subject to errors, emissions, changes, including price, or withdrawal without notice. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated. Equal Housing Opportunity.