Q1 2019 Market Watch

Q1 2019 | 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 42 Cottonwood

Ennis | $1,990,000

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

Deer Run Condo Big Sky | $475,000

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

Towering Pines Lot 14 Big Sky | $449,000

Moonlight Basin

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 2018

Q1 2019

%

11

9

$1,550,364

$1,211,444

-22%

162

125

-23%

-18%

0

0

0%

$0

$0

0%

0

0

0%

4

1

-75%

$905,725

$689,000

-23%

110

438

+289%

1

2

+100%

$6,400,000

$2,775,000

-57%

1027

261

-75%

10

6

-40%

$2,162,900

$2,203,519

+2%

141

188

+33%

1021 Gateway South

Gallatin Gateway | $4,650,000

CONDOMINIUM SALES Q1 2018

Q1 2019

%

29

12

-59%

$414,245

$515,333

+24%

83

56

-33%

28

19

-18%

$785,354

$440,105

-44%

213

251

-18%

1

0

-100%

$3,150,000

$0

-100%

239

0

-100% -88%

8

1

$1,109,375

$845,000

-24%

107

21

-80%

Shoshone 1927 Big Sky | $295,000

LAND SALES Q1 2018

Q1 2019

%

14

7

$415,286

$233,000

-44%

254

475

+94%

-50%

3

3

0%

$883,000

$381,667

-72%

197

137

-30%

2

0

-100%

$389,000

$0

-100%

138

0

-100%

6

6

0%

$643,167

$1,325,000

+106%

127

232

+83% +200%

1

3

$1,200,000

$906,667

+24%

38

134

+253%

Meadow Village Lot 29 Big Sky | $345,000

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.

23

Active Residential Listings

1,375,000 3.6

4.0

1.6

Median Residential List Price for Meadow Village

7.1

$

HOMES Q1 18

HOMES Q1 19

CONDO Q1 18

CONDO Q1 19

128 NEW MOOSE CREEK BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 5,022 SQUARE FEET MLS #312389 LISTED AT $2,799,000

New Moose Creek is an incredibly clever space designed to delight, surprise and engage.

The property is 6 acres in its entirety. The house--with its sod roof and reclaimed timber exterior--blends with a rolling, grassy lawn. This clearing is encircled by an enchanting forest winding between pines, down a gentle slope, a path leads to the clear, tumbling waters of the Gallatin River’s Middle Fork.

201 SPRUCE CONE DRIVE BIG SKY, MT 59716 3 BEDROOMS 2 BATHROOMS 2,087 SQUARE FEET MLS #330949 OFFERED AT $549,000

Custom log home displays character, charm, craftsmanship and yes, coziness. Hand-peel logs are stacked with the utmost of care and precision. Fenced-in backyard, mature landscaping, south-facing floor to ceiling windows, vaulted ceiling, updated kitchen and bathroom, wood-burning stove, propane heater, steam shower, paved driveway. Centrally located in the heart of Westfork Meadow.

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, Thunder Wolf, and Explorer lifts.

68

Active Residential Listings

1,089,375 6.7

11.7

7.2

Median Residential List Price for Mountain Village

6.1

$

HOMES Q1 18

HOMES Q1 19

CONDO Q1 18

CONDO Q1 19

BEEHIVE BASIN PARCEL 2 BIG SKY, MT 59716

5.02 ACRES MLS #322338 OFFERED AT $499,000

The views of Beehive Basin from this homesite are head-on, unobstructed, jaw-dropping, forever and ever, wild and epic, ever-changing with the shadows and alpenglow on the glacial cut peaks. It checks all the boxes of your Montana dreamscape: wildflowers, wildlife, privacy, endless stargazing, water frontage, and unrivaled trail access. Only minutes from Big Sky Resort & Moonlight Basin ski areas!

42 LOW DOG ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,354 SQUARE FEET MLS #326721 OFFERED AT $2,450,000

Situated on the quiet Low Dog Road, “Souvenirs Lodge” is a short walking distance to Big Sky Mountain Village. Ski directly from your house to the high-speed Thunder Wolf lift and return at the end of the day on the Low Dog ski trail. With 5 bedrooms (3 ensuite), an executive office, two living areas easily accommodates 12 people.

Enjoy the spacious great room with soaring ceilings, chinked log frame, and impressive masonry fireplace.

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.

10

Active Residential Listings

1,550,000 2.6

11.7

7.2

Median Residential List Price for Gallatin Canyon

5.8

$

HOMES Q1 18

HOMES Q1 19

CONDO Q1 18

CONDO Q1 19

48042 GALLATIN ROAD GALLATIN GATEWAY, MT 59730 5 BEDROOMS 3 BATHROOMS 3,694 SQUARE FEET MLS #326778 OFFERED AT $1,450,000

This beautiful Gallatin River property is very private with 300 feet of river frontage. The home is warm and inviting with plenty of outdoor living space. Spacious great room is perfect for gatherings It includes a family kitchen, comfortable living area, a formal dining room and propane stove to keep everyone warm. Plenty of beds & bath for all your guests, sauna, family room that opens onto a large deck, and an attached two bay garage for all of your gear.

UPPER HIGHLANDS DRIVE GALLATIN GATEWAY, MT 59730

19.88 ACRES MLS #325876 OFFERED AT $550,000

This 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) frequent the area.

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.

12

Active Residential Listings

3,312,500

$

5.3

5.6

11.7

.7

Median Residential List Price for Spanish Peaks

HOMES Q1 18

HOMES Q1 19

CONDO Q1 18

CONDO Q1 19

LOT 61 SWEET ROOT FORK BIG SKY, MT 59716

1.37 ACRES MLS #320020 OFFERED AT $350,000

A very nice treed lot in the Wildridge Neighborhood in Spanish Peaks Mountain Club.

This large lot is located close to the first Spanish Peaks Mountain Club access road for easy access in and out. Great views of Lone Peak with a nice elevated, almost, level building site. The Club's mountain bike trail is located in the open space just south of this lot.

LOT 61 GOSHAWK TRAIL BIG SKY, MT 59716

1.01 ACRES MLS #304473 OFFERED AT $825,000

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.

sold

Moonlight Basin Moonlight Basin is an 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.

30

Active Residential Listings

3,075,000 3.6

6.4

9.8

Median Residential List Price for Moonlight Basin

6.7

$

HOMES Q1 18

HOMES Q1 19

CONDO Q1 18

CONDO Q1 19

22 ULERYS LAKES ROAD BIG SKY, MT 59716 3 BEDROOMS 4 BATHROOMS 3,545 SQUARE FEET MLS #331336 OFFERED AT $3,175,000

Moonlight Moostique. Imagine moose and wildlife galore on your own 20 acres with unsurpassed views of Lone Peak, Fan Mountain and the Madison Valley right in the heart of Moonlight Basin! This custombuilt 3 bedroom, 3 ½ bath home features a magnificent sweeping staircase, log and stone accents and picture-perfect views.

Membership opportunities are available to you for world class golfing and other amenities.

3 SHADOW RIDGE BIG SKY, MT 59716 3 BEDROOMS 5 BATHROOMS 2,624 SQUARE FEET MLS #329608 Listed by Lincoln Roberts of RE/MAX

OFFERED AT $1,895,000

Amazing ski access, located directly on and level with the Bootlegger ski trail this Moonlight Mountain Home has easy ski access via the Iron Horse or the Six Shooter ski lifts. Overlooking the Spanish Peaks enjoy while you soak in the hot tub on the deck after a long day of skiing.

sold

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 bigskysir.com

GIVING

Big Sky Sotheby’s International Realty Gave to the following amazing causes/organizations Q1 2019:

Big Sky Skijoring - The Best in the West Showdown Arts Council of Big Sky - Art Auction

Hearth of the Valley - Snowshoe Shuffle St. Andrew School Special Olympics

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.