Q2 Big Sky Market Watch

Q2 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 4 Little Plume

Moonlight Basin | $2,300,000

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

5 Silver Star

Moonlight Basin | $1,850,000

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 Yellowstone Club Lot 255A

Yellowstone Club | $3,800,000

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 Q2 2017

Q2 2018

%

8

11

$1,329,938

$1,550,364

+17%

279

162

+42%

+38%

0

0

%

$0

$0

%

0

0

%

2

4

+100%

$742,450

$905,725

+22%

149

110

-26%

3

1

-67%

$2,315,000

$6,400,000

+176%

301

1027

+241%

5

10

+100%

$1,995,500

$2,162,900

+8%

261

141

-46%

1395 Beaver Creek Road Gallatin Canyon | $1,950,000

CONDOMINIUM SALES Q2 2017

Q2 2018

%

21

29

+38%

$411,407

$414,245

<+1%

103

83

-19%

26

28

+8%

$581,319

$785,354

+35%

169

213

+26%

0

1

%

$0

$3,150,000

%

0

239

%

4

8

+100%

$1,070,000

$1,109,375

+4%

110

107

+3%

Beaverhead Condo 1455 Mountain Village | $825,000

LAND SALES Q2 2017

Q2 2018

%

18

14

-22%

$167,028

$415,286

+148%

342

254

-26%

3

3

0%

$335,000

$883,000

+164%

53

197

+272%

6

2

-67%

$178,667

$389,000

+118%

771

138

-82%

3

6

+100%

$479,667

$643,167

+34%

103

127

+23% -50%

2

1

$1,275,000

$1,200,000

-6%

387

38

-90%

Spanish Peaks North Lot 76 Meadow Village | $435,000

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

950,000 HOMES 07/17

3.5

5.4

7.3

Median Residential List Price for Meadow Village

9.5

$

HOMES CONDO CONDO 07/18 07/17 07/18

55 GRAY OWL LANE BIG SKY, MT 59716 4 BEDROOMS 3 BATHROOMS 3,600 SQUARE FEET MLS #324036 LISTED AT $1,750,000

Privacy, tranquility and beauty in the heart of Big Sky, with easy access to the Town Center, Big Sky/ Moonlight Ski Resort.

The setting is very private with views to the Spanish Peaks, specifically, Yellow Mountain.

The attention to detail & simple elegance that is prevalent throughout the home. The rooms are warm & comfortable with many windows. Spacious guest apartment above the garage.

22 LIMBER PINE PLACE #6 BIG SKY, MT 59716 3 BEDROOMS 3 BATHROOMS 1,854 SQUARE FEET MLS #321198 OFFERED AT $549,000

Partially furnished condo right in Town Center! Within the development this unit is farthest away from Ousel Falls Road and has a back yard and south/west sun. Granite counters, tile baths, garage, upper level laundry, big closets, balcony, back patio and more! Community trail system close by for an outing to the stunning Ousel Falls. Terrific rental property, second home or primary residence.

Mountain Village The iconic Mountain Village operates as the ski areaâ&#x20AC;&#x2122;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 areaâ&#x20AC;&#x2122;s only lift accessible downhill trails from the Swift Current, Thunder Wolf, and Explorer lifts.

68

Active Residential Listings

825,000 HOMES 07/18

11.0

HOMES 07/17

10.3

5.5

Median Residential List Price for Mountain Village

5.2

$

CONDO CONDO 07/17 07/18

SHOSHONE 1973 BIG SKY, MT 59716 1 BEDROOMS 2 BATHROOMS 928 SQUARE FEET MLS #310907 OFFERED AT $349,000

Sixth floor condo in the conveniently located Shoshone Condo building. Over sized â&#x20AC;&#x153;elbowâ&#x20AC;? unit looks right on to the slopes and Lone Peak. With a fireplace, king size bed, 2 bathrooms, full kitchen this is your perfect ski getaway property.

Amenities at the Shoshone include ski storage, swimming pool and hot tub, spa/fitness room, restaurants, concierge, valet parking, and housekeeping.

TRACT 2 BEEHIVE BASIN BIG SKY, MT 59716

5.015 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, elbowroom, endless stargazing, water frontage, and unrivaled trail access. Next to the highly celebrated Beehive Basin trail.

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.

21

Active Residential Listings

1,495,000 14.5

Median Residential List Price for Gallatin Canyon

11.5

$

HOMES 07/17

HOMES 07/18

CONDO CONDO 07/17 07/18

270 KARST STAGE LOOP GALLATIN GATEWAY, MT 59730 4 BEDROOMS 4 BATHROOMS 3,624 SQUARE FEET MLS #321927 OFFERED AT $1,095,000

under contract

TWIN ANTLER DRIVE GALLATIN GATEWAY, MT 59730

2.52 ACRES MLS #300772 OFFERED AT $265,000

Astounding views of the Porcupine Game Range as well as the Spanish Peaks. Nice level lot across the highway from the blue ribbon trout fishing and fun kayaking and rafting on the Gallatin River. Beaver Creek South is a small subdivision located near the local schools with easy access. You are just south of the main hub bub of Big Sky with a straight shot to Yellowstone National Park.

This property is an outdoor person’s dream come true.

Located at the end of the road this 6.51 acre parcel has over 500’ of Gallatin River frontage, has Mica Creek frontage & it abuts Gallatin Natl. Forest at Durham Meadows. Fish one of the best stretches of the Gallatin, hike or ride endless backcountry trails into Gallatin Natl. Forest, hunt big game, snowshoe, nordic ski, or...cool off in the river.

Mountain views & privacy.

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. Â 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 Montanaâ&#x20AC;&#x2122;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.

13

Active Residential Listings

3,275,000 1.5

Median Residential List Price for Spanish Peaks

11.5

$

HOMES HOMES CONDO CONDO 07/17 07/18 07/17 07/18

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

under contract

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.

This amazing golferâ&#x20AC;&#x2122;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.

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 Uleryâ&#x20AC;&#x2122;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 Resortâ&#x20AC;&#x2122;s 5,800 skiable acres.

17

Active Residential Listings

2,225,000 5.3

Median Residential List Price for Spanish Peaks HOMES 07/17

HOMES 07/18

6.3

$

CONDO 07/17

CONDO 07/18

22 ULERYS LAKES ROAD BIG SKY, MT 59716 3 BEDROOMS 4 BATHROOMS 3,545 SQUARE FEET MLS #324081 OFFERED AT $3,400,000

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.

5 SILVER STAR BIG SKY, MT 59716 3 BEDROOMS 5 BATHROOMS 2,624 SQUARE FEET MLS #322365 OFFERED AT $1,850,000

Don’t miss this ski in/ski out home with jaw dropping views located within Moonlight. Utilize this great open floor plan for entertaining friends and family on the main level while the kids play foosball in the game room/garage. When it’s time to turn in, they will head downstairs to sleep and the adults can go out onto the deck and soak in the Montana starry nights from the brand new hot tub. This furnished chalet is the ideal ski home.

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 Q2 2018:

Friends of Big Sky Education Gallatin Elite Soccer Belgrade Youth Baseball Big Sky Ski Education Foundation Big Sky Skating & Hockey Association Museum of the Rockies: Wine & Culinary Classic

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.