BIG SKY
MARKET WATCH 2ND 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: 211129
1
Market Observations
3
Resort/Area Overview
3
Significant Sales
4-11
MARKET OBSERVATIONS
Quarterly Charts & Data
Pending Sales
Closed Sales
Median Condo Sales Price
Inventory Levels
42.6 67 3.4 $
Million
$
Sal es Vo lu me
Tr a n s a c t i o n s
Million
MARKET REVIEW
H i ghes t Sa l e
Cover Property Big Sky, Montana | Web ID: 215366 © 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 Q2 - 2016 Condos/Twnhm: 7 Homes: 4 Homesites: 2 Pending: 8 New Development Pending: 1 New Development Sold: 0
Meadow Village Pending/Sold Q2 - 2016 Condos/Twnhm: 22 Homes: 5 Homesites: 6 Pending: 29 New Development Pending: 1 New Development Sold: 1
Big Sky Pending/Sold Q2 - 2016 Condos/Twnhm: 17 Homes: 0 Homesites: 1 Pending: 18 New Development Pending: 10 New Development Sold: 0
Yellowstone Club Pending/Sold Q2 - 2016 Condos/Twnhm: 0 Homes: 0 Homesites: 0 Pending: 1 New Development Pending: 0 New Development Sold: 0
Spanish Peaks Mountain Club Pending/Sold Q2 - 2016 Condos/Twnhm: 1 Homes: 1 Homesites: 0 Pending: 2 New Development Pending: 0 New Development Sold: 0
Gallatin Canyon Pending/Sold Q2 - 2016 Condos/Twnhm: 0 Homes: 1 Homesites: 1 Pending: 6 New Development Pending: 0 New Development Sold: 0
OUR SIGNIFICANT SALES
Mountain Lake 203A, Big Sky, MT Jeff Helms, Broker
920 Beaver Creek Road, Big Sky, MT Allison Gilley, 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
123 $34,647,460
$58,926,384 $49,594,666
$37,575,402
$33,791,230
$40,960,785
$32,271,030
$42,586,900
$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 Gallatin Canyon, 20 Montana |63,394,130 Web ID: 2141922,554,333
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
Q4 2015
26
39,774,837
1,241,980
1,179,554
Home Sales - Second Quarter AVERAGE SALES PRICE/SQ. FT. WAS $4311,070,000 Q1 2016 14 23,129,374 1,634,198 8 Q2HOMES SOLD OVER $1,000,000 AND 6 UNDER 2016 13 18,446,000 1,309,636 1,025,000 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
14
13
$1,500,000
13
$750,000
7
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
Q2 2016
$0
# OF SALES
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Table 2 # OF SALES
SALES VOLUME
AVG. SALE
MEDIAN SALE
Q1 2014
36
$16,300,859
$425,172
$305,000
Q2 2014
34
$22,693,884
$488,090
$367,500
$20,079,081
$440,034
$273,000
$15,797,964
$331,204
$285,000
Big Sky, Montana | Web ID: Q3 2014 43 209989 Q4 2014
46
Condo Sales - Second Quarter Q1 2015
23
$12,116,530
$483,763
$359,900
Q2 2015
37
$19,066,666
$443,448
$300,000
Q3 2015 29 $15,027,500 $390,000 AVERAGE SALES PRICE FOR CONDOS $452,833 IN THE MEADOW - $332,850 Q4 2015 45 $25,612,388 $325,000 AVERAGE SALES PRICE FOR CONDOS $522,021 ON THE MOUNTAIN - $426,605 Q1 2016
31
$12,356,630
$344,625
$300,000
Q2 2016
20
$17,131,400
$335,000
$388,278
Condo/Townhome Quarterly Sales Data $26,000,000
$600,000 50
43
$19,500,000 38
36
46
34
31
29
$300,000
23
25
$0
$450,000
37
$13,000,000
$6,500,000
45
20 $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
Q2 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
Q4 2014
28
10,357,000
339,423
250,000
The Biggs BarX Ranch, Townsend, Montana | Web ID: 214694
Land Quarter Q1 2015 Sales -19Second 5,160,000 217,882
195,000
Q2 2015
25
11,292,500
410,326
330,000
Q2 2016
10
6,384,500
528,063
323,750
AVERAGE SALES PRICE IN THE MEADOW 325,911 WAS $243,000 Q3 2015 25 8,722,380 300,000 AVERAGE SALES PRICE IN THE CANYON WAS - 1 LOT SOLD Q4 2015 19 9,695,000 355,882 $317,500 325,000 AVERAGE SALES PRICE ON THE MOUNTAIN WAS $993,333 Q1 2016 11 3,040,840 258,316 280,000 Land Quarterly Sales Data $12,000,000
$600,000
28
28
25
25
$9,000,000
$450,000 21
$6,000,000 14
$3,000,000
$0
19
19
14
$300,000
11
11
11
10 $150,000
7
0 Q1 2014
Q2 2014
SALES VOLUME
Q3 2014
Q4 2014 AVG. SALE
Q1 2015
Q2 2015
Q3 2015
MEDIAN SALE
Q4 2015
Q1 2016
Q2 2016
$0
# OF SALES
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MARKET DETAILS | YTD: JUNE 2016
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
Under $500,000
72
$18,343,740
$254,774
Single Family
28
$45,200,374
$1,614,299
$500,001 to $1,000,000
30
$21,287,130
$709,571
MulM Family
74
$29,488,030
$398,487
$1,000,001 to $1,500,000
10
$11,540,374
$1,154,037
Land
21
$9,425,340
$448,826
$1,500,001 to $2,000,000
4
$7,680,000
$1,920,000
$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
3
$9,650,000
$3,216,667
$3,500,001 to $4,000,000
0
$0
$0
Over $4 Million
2
$10,587,500
$5,293,750
123
$84,113,744
$683,852
RESIDENTIAL TOTAL:
TOTAL NUMBER OF TRANSACTIONS
TOTAL DOLLAR VOLUME
$3,000,001 to $3,500,000 Over $4 Million
$2,500,001 to $3,000,000
Under $500,000
$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
$2,500,001 to $3,000,000 $2,000,001 to $2,500,000 $500,001 to $1,000,000
Under $500,000
$1,500,001 to $2,000,000
$500,001 to $1,000,000
$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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