Q1 2020 Big Sky Market Watch

Q1 2020 | Market Report A COMPREHENSIVE ANALYSIS OF THE RESIDENTIAL REAL ESTATE MARKET IN BIG SKY, MONTANA

5 Rough Rider - Agent for the Buyer & Seller

B I G S K Y, M T

Moonlight Basin | $8,500,000

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

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

199 Karst Creek Lane - Agent for the Seller Big Sky | $1,250,000

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

170 Nighthawk Fork - Agent for the Seller Big Sky | $3,100,000

Moonlight Basin

Avg. Sold Price Avg. Days on Market

128 Moosewood Drive - Agent for the Seller

S I N G L E FA M I LY H O M E S A L E S Q1 2019

Q1 2020

Big Sky | $3,000,000

%

9

9

0%

$1,211,444

$1,686,811

+39%

125

141

+13%

0

1

%

$0

$2,750,000

%

0

12

%

1

2

+100%

$689,000

$1,350,000

+96%

438

177

-60%

2

4

+100%

$2,775,000

$4,460,326

+61%

261

211

-19%

6

5

-17%

$2,203,519

$3,650,000

-66%

188

162

-14%

CONDOMINIUM SALES Q1 2019

Q1 2020

%

12

10

-17%

$515,333

$442,555

-14%

56

99

+77%

19

17

-11%

$440,105

$852,323

+94%

251

207

-18%

0

3

%

$0

$2,543,333

%

0

177

% +200%

1

3

$845,000

$2,637,885

+209%

21

399

+1800%

1280 Andesite Ridge Road - Agent for the Seller Big Sky | $1,999,000

LAND SALES Q1 2019

Q1 2020

%

7

6

-14%

$233,000

$505,833

+117%

475

318

-33%

3

3

%

$381,667

$531,667

+39%

137

195

+42%

0

1

%

$0

$400,000

%

0

535

%

6

2

-67%

$1,325,000

$667,500

-50%

232

126

-46%

3

4

+33%

$906,667

$1,098,813

+21%

134

96

-28%

287 Windy Pass - Agent for the Seller Big Sky | $1,789,000

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.

41

Active Residential Listings

1,200,000

$

Median Residential List Price for Meadow Village

481A SPRUCE CONE BIG SKY, MT 59716 4 BEDROOMS 2.5 BATHROOMS 2,164 SQUARE FEET MLS #344420 LISTED AT $899,000

Newly constructed mountain modern condominium located in the heart of Big Sky’s South Fork Neighborhood. Easy access to neighborhood trail system as park space is adjacent and backs up to parcel. The open floor plan and wet bar is perfect for entertaining while the abundance of windows allow plenty of natural light in when soaking up the mountain views.

2-car garage.

326 SPRUCE CONE BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,097 SQUARE FEET MLS #340604 OFFERED AT $1,100,000

This home is all about balance: work/life balance... recreate/recover balance... outdoor/indoor balance.

There are creative, whimsical touches mixed with dramatic, sexy spaces. Significant stone walls and fireplaces are softened with sleek fixtures and mood lighting.

Compared to the surrounding homes, this is a larger-than-average lot and a larger-than-average house, but everything is proportionate.

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 mountains and a tram-accessible 11,166 foot peak, heated outdoor pools, hotels, 18-hole Arnold Palmer golf course located in the Meadow, and a variety of on-mountain summer activities including zip-line 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.

60

Active Residential Listings

1,039,688

$

Median Residential List Price for Mountain Village

POWDER RIDGE #124 BIG SKY, MT 59716 4 BEDROOMS 3 BATHROOMS 2,577 SQUARE FEET MLS #344015 OFFERED AT $1,479,000

This is the ultimate ski-in, ski-out, cozy yet spacious log cabin! You have beautiful views from every aspect of this lovingly maintained stand alone condominium. You will find hardwood floors on the main level, granite countertops, lovely tiled bathrooms, 2 fireplaces, a hot tub and a nice family room in addition to a cozy living room all in this tastefully furnished and delightful vacation spot.

42 LOW DOG ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,216 SQUARE FEET MLS #326721 OFFERED AT $2,500,000

Situated on the quiet Low Dog Road, this ski home 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 it easily accommodates 12 people. Enjoy the spacious great room with soaring ceilings, chinked log frame, and impressive masonry fireplace.

under contract

Gallatin Canyon The Scenic Gallatin Canyon, follows the beautiful Gallatin River to the turnoff to Big Sky. Highway 191 makes its way from the Bozeman area to the north and West Yellowstone to the south. Many people opt to live or stay 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 and elk are all residents. In the summer months, many people recreate on the Gallatin River, fishing, kayaking and whitewater rafting. The Canyon also features spectacular hiking, mountain biking, and rock climbing opportunities that lead to great heights above the valley floor.

23

Active Residential Listings

1,500,000

$

Median Residential List Price for Gallatin Canyon

1470 W. BEAVER CREEK RD GALLATIN GATEWAY, MT 59730 4 BEDROOMS 5 BATHROOMS 4,978 SQUARE FEET MLS #340742 OFFERED AT $2,500,000

Mountain oasis seeking new owner!

Compelling views of Lone Mountain and the Spanish Peaks on 20 private acres. The main level of this custom home features a spacious master suite, dining area, two living areas, kitchen, laundry and 3-car heated garage. Walk out onto the wrap around deck (with fireplace!) to hear the water feature or watch wildlife and fowl enjoy your private pond. Offered fully furnished turnkey.

49622 GALLATIN ROAD GALLATIN GATEWAY, MT 59730 2 BEDROOMS 3 BATHROOMS 3,297 SQUARE FEET MLS #334460 OFFERED AT $3,600,000

This is Big Sky's finest fishing property, just steps from the Gallatin's world class fly-fishing.

This section of river features excellent fishing opportunities, where one can fish to rising trout and match the hatch from the property. Entertain and enjoy the splendor of the Gallatin from this 2,234 sf wrap-around deck.

Surrounded by alpine splendor and natural beauty this 5.32 acre riverfront property is one of a kind.

A true legacy property.

Spanish Peaks Spanish Peaks Mountain Club is a 5,800-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.

17

Active Residential Listings

3,500,000

$

Median Residential List Price for Spanish Peaks

170 NIGHHAWK FORK BIG SKY, MT 59716 4 BEDROOMS 5 BATHROOMS 2,703 SQUARE FEET MLS #334372 OFFERED AT $2,950,000

sold

For the first time, this premier Cabin has finally come to market. Initially purchased prior to public release and has been host to one homeowner to date.

It is perfectly situated along the first hole of the private Tom Weiskopf Signature golf course and its ski in/ski out access is superior to any location in Big Sky. The best in privacy and convenience offered at Spanish Peaks, its floor plan and unique outdoor spaces make it home.

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.

23

Active Residential Listings

2,400,000

$

Median Residential List Price for Moonlight Basin

5 ROUGH RIDER BIG SKY, MT 59716 6 BEDROOMS 7 BATHROOMS 9,381 SQUARE FEET MLS #340261 OFFERED AT $8,500,000

sold

98 DIAMOND HITCH ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 7,466 SQUARE FEET MLS #340520 OFFERED AT $6,100,000

Easy ski-in, ski-out to Moonlight and Big Sky Ski Resort. Designed by acclaimed architect, Weldon Turner and built by Blue Ribbon Builders, this flawless home is a masterpiece of design and construction. Native and reclaimed natural materials were used to produce timeless spaces with easy warmth and grace.

The vaulted great room ceiling is a piece of art forged of steel and huge hand hewn wood beams. This is a beautiful and very unique home.

Lucky Star Lodge is a 10-10 for quality craftsmanship, enduring design, and a superior slopeside address. The end-ofthe-road location at Moonlight Basin provides ultimate privacy and outstanding unending everchanging mountain views.

Reclaimed timber frame and siding encase 6 bedrooms, 6 fireplaces, 3 living rooms, 4 laundry rooms, 2-car garage, 10 ski lockers, library and more.

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

DOING OUR PART

Big Sky Sotheby’s International Realty Giving In 2020

If you are able we are asking you to contribute to the great cause of Big Sky Relief: The impacts of COVID-19 are rapidly evolving in Big Sky. In response, the Big Sky Resort Area District, Yellowstone Club Community Foundation, Moonlight Community Foundation, and Spanish Peaks Community Foundation have partnered to strengthen relief efforts and consolidate information. As we are responding to urgent community needs this website will be a resource for relief and support. https://bigskyrelief.org/donate 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.