BIG SKY MARKET WATCH 2ND QUARTER 2015
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: 206011
1
Market Observations
2
Resort Area Overview
2
Significant Sales
3-4
Market Observations
Pending Sales
Quarterly Charts & Data
Closed Sales
Median Condo Sales Price
Inventory Levels
Mil lio n
49.6 132 5.1
$
Sal es Vo l u m e
$
Tra n s a c t i o n s
Mil lio n
Market Review
H ig he s t Sa le
Cover Property Big Sky, Montana | Web ID: 206060 © 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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Sold Q2 - 2015 Condos/Twnhm: 2 Homes: 3 Homesites: 1 Pending: 3 MEADOW VILLAGE Sold Q2 - 2015 Condos/Twnhm: 18
Sold Q2 - 2015 Condos/Twnhm: 15 Homes: 0 Homesites: 3 Pending: 5
Sold in MLS Q2 - 2015 Condo/Twnhm: 1 Homes: Homesite: 1 Pending:
Homes: 7 Homesites: 12 Pending: 18
GALLATIN CANYON Sold Q2 - 2015 Homes: 2 Homesites: 2 Pending: 5
Sold Q2 - 2015 Condos/Twnhm: 0 Homes: 1 Homesites: 6 Pending: 4
OUR SIGNIFIC ANT SALES
300 Chief Joseph Trail, Big Sky, MT
Diamond Hitch Homesite 16, Big Sky, MT 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. Sales Vol.
2nd Qtr. Sales Vo
Units Sold
40 0
$225,000,000
0
30
210
169
0
20
$150,000,000
117 0
10
$39,965,150
$36,841,872
$75,000,000
0
$20,226,050 $17,593,400 $15,401,965
$0
$25,054,668
$10,795,000 2009
$27,150,399 $20,019,200 $16,857,302 2010
$25,188,550 $21,279,891 2011
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MARKET DETAILS | ALL OF BIG SKY
Sales Vol. and Number of Sales
ol.
3rd Qtr. Sales Vol.
4th Qtr. Sales Vol
$89,549,094
336
$44,810,789
124
$27,762,700
$52,184,550
132 $44,759,906
$31,906,075 $26,242,250
313
$58,926,384 $49,594,666
$37,575,402
$33,791,230
$40,960,785
$32,271,030
$16,750,238 2012
2013
2014
2015
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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
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
Q2 2015
13
19,235,500
1,238,682
Big Sky, Montana | Web ID: 207237 Q3 2014
{
There are 18 homes Under $1,000,000 located throughout Big Sky. 965,000
1,200,000
}
Single Family Residential Quarterly Sales Data $70,000,000
$3,000,000
28
28 $52,500,000 21
20
$2,250,000
22
20
$35,000,000
13
14
$17,500,000
$0
$1,500,000
13
$750,000
7
0 Q1 2014 SALES VOLUME
Q2 2014
Q3 2014 AVG. SALE
Q4 2014 MEDIAN SALE
Q1 2015
Q2 2015
$0
# OF SALES
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Q2 2015
37
$19,066,666
$443,448
$300,000
Condo/Townhome Quarterly Sales Data $24,000,000
$500,000 50
46
43
$18,000,000 38
36
37
34
$12,000,000
$6,000,000
$125,000
13
0 Q1 2014
$0
{
$250,000
23
25
Q2 2014
# OF SALES SALES VOLUME Q1 2014
14
Condos Avg. 186 Q3 2014 11 Day On Market Q4 2014 28 Q2 2014
11
Q1 2015
19
Q2 2015
25
Table 2
Q3 2014
Q4 2014
Q1 2015
Q2 2015
SALES VOLUME MEDIAN SALE # OF SALES AVG. SALE AVG. SALEMEDIAN SALE
}
6,123,000 4,221,000 3,563,800
10,357,000 5,160,000
11,292,500
{
364,833
272,000
345,111
205,000
$12,000,000
}
$500,000
28
28
$0
Avg. Sales185,000 Price for homesites in 339,423 250,000 Moonlight, 195,000 Spanish Peaks Mountain 217,882 Club &330,000 Big Sky $619,875 410,326 268,311
Land Quarterly Sales Data
25
$9,000,000
$375,000 21
$6,000,000 14
$3,000,000
$375,000
19 14
$250,000
11
11 $125,000
7
1 $0
0
Q1 2014 SALES VOLUME
Q2 2014
Q3 2014 AVG. SALE
Q4 2014 MEDIAN SALE
Q1 2015
Q2 2015
$0
# OF SALES
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