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Q2 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 49622 Gallatin Road Big Sky | $3,600,000
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
Spanish Peaks Club Condo 8E Big Sky | $875,000
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
Two Gun White Calf Lot 11
Big Sky | $269,900
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 Q2 2018
Q2 2019
%
10
7
-30%
$1,486,100
$984,429
-34%
123
32
-74% +100%
0
1
$0
$3,750,000
%
0
205
+205%
4
4
0%
$905,750
$615,500
-32%
110
114
+4% +400%
1
5
$4,350,000
$3,179,348
-27%
1027
102
-90%
10
9
-10%
$2,200,147
$3,492,262
+59%
141
207
+47%
2590 Little Coyote Big Sky | $949,000
CONDOMINIUM SALES Q2 2018
Q2 2019
%
29
24
-17%
$402,732
$555,658
+38%
83
39
-53%
28
28
0%
$750,298
$704,514
-6%
213
132
-38%
1
0
-100%
$3,000,000
$0
-100%
239
0
-100%
8
11
+38%
$1,109,375
$1,699,208
+53%
107
182
70%
Essentia Condo 136A Big Sky | $1,250,000
LAND SALES Q2 2018
Q2 2019
%
15
9
$403,033
$264,433
-34%
277
155
-44% +33%
-40%
3
4
$758,333
$398,125
-47%
197
459
+133%
2
0
-100%
$359,500
$0
-100%
138
0
-100% +300%
1
4
$900,000
$616,250
-32%
38
315
+729%
6
4
-33%
$617,500
$1,086,250
+76%
127
72
-43%
Spruce Cone Drive Lot 22 Big Sky | $315,000
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.
27
Active Residential Listings
1,049,000 3.6
2.2
2.0
Median Residential List Price for Meadow Village
5.7
$
HOMES JUN 18
HOMES JUN 19
CONDO JUN 18
CONDO JUN 19
1320 OLD TOBY ROAD BIG SKY, MT 59716 5 BEDROOMS 6 BATHROOMS 8,219 SQUARE FEET MLS #329244 LISTED AT $25,000,000
Never has a property as unique & rare as this 491 acre private estate been offered at a Montana ski resort. Adjacent to public land, the estate offers peace, privacy & expansive views of 3 majestic mountain ranges including the Big Sky ski slopes. The exquisite custom log home was built of Canadian red cedar & native Montana rock. This estate, located in the heart of Big Sky, is a very special place.
556 SPRUCE CONE DRIVE BIG SKY, MT 59716 3 BEDROOMS 2 BATHROOMS 2 BONUS ROOMS 2,476 SQUARE FEET MLS #335277 OFFERED AT $865,000
A brand new single family custom built home in the extremely popular South Fork Neighborhood. Convenience and efficient living make this 2,476 square foot home, with a two car garage, the perfect fit for any lifestyle. Inside, the spacious 9 foot ceilings, open floor plan, and wet bar make for an ideal entertaining space. Close to Town Center amenities.
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.
72
Active Residential Listings
1,089,375 5.7
10.2
8.9
Median Residential List Price for Mountain Village
3.6
$
HOMES JUN 18
HOMES JUN 19
CONDO JUN 18
CONDO JUN 19
10 RED CLOUD LOOP BIG SKY, MT 59716 3 BEDROOMS 2 BATHROOMS 1,596 SQUARE FEET MLS #334041 OFFERED AT $1,050,000
True ski in, ski out, free standing, mountain chalet perfectly located next to the White Otter ski lift and a 15 minute walk to the Resort Village. The home has been professionally decorated, and is sold fully furnished, it needs absolutely nothing; it’s turnkey and ready for move in. The detached 1 car garage is clean and stacked with fire wood, and a gas and charcoal grill and new hot tub are all included.
42 LOW DOG ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,216 SQUARE FEET MLS #326721 OFFERED AT $2,399,000
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.
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
1,395,000 3.4
HOMES JUN 18
HOMES JUN 19
7.2
5.8
Median Residential List Price for Gallatin Canyon
11.7
$
CONDO JUN 18
CONDO JUN 19
278 WINDY PASS TRAIL GALLATIN GATEWAY, MT 59730 4 BEDROOMS 5 BATHROOMS 5,819 SQUARE FEET MLS #335685 OFFERED AT $1,489,000
This spacious home includes a large recreation room, home theater and wet bar for entertaining and offers breathtaking views. All this situated on a private 3.33 acre park-like setting full of Montana's abundant wildlife! Live an active, outdoor lifestyle year round with the option to 4-wheel, dirt bike, snowmobile, and horseback ride on local trail systems right from home to several National Forest trails.
199 KARST STAGE LOOP GALLATIN GATEWAY, MT 59730 4 BEDROOMS 4 BATHROOMS 3,208 SQUARE FEET MLS #334644 OFFERED AT $1,250,000
This is an exceptional property located across the Parkview West bridge, just south of the subdivision at the end of the road. The home sits on 2 wooded acres adjacent to public lands to the west and south with Gallatin River access just steps away through Durnam Meadows. Mica creek runs through the property year round. Three fireplaces, beautiful views, plenty of room to relax, work, entertain.
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
$
5.5
2.7
2.3
1.7
Median Residential List Price for Spanish Peaks
HOMES JUN 18
HOMES JUN 19
CONDO JUN 18
CONDO JUN 19
170 NIGHHAWK FORK BIG SKY, MT 59716 4 BEDROOMS 5 BATHROOMS 2,703 SQUARE FEET MLS #334372 OFFERED AT $2,950,000
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 floorplan and unique outdoor spaces make it home.
430 CLUBHOUSE FORK BIG SKY, MT 59716 4 BEDROOMS 5 BATHROOMS 2,585 SQUARE FEET MLS #332217 OFFERED AT $2,750,000
Your dream cabin in the woods awaits you right in the heart of Spanish Peaks Mountain Club. This Homestead Cabin sits amongst a beautiful pine forest on the 17th green of a signature Tom Weiskopf golf course. Cabin 6 sits on a dead end road, which allows for an extremely private area with exceptional ski-in/ski-out access and a 2 minute walk to the clubhouse.
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.
26
Active Residential Listings
2,300,000 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.
16 COWBOY HEAVEN SPUR ROAD BIG SKY, MT 59716 7 BEDROOMS 8 BATHROOMS 6,971 SQUARE FEET MLS # 305583 Listed by The Big Sky Real Estate Co.
OFFERED AT $7,500,000
Tallie Lancey and Julie Blakeley as a team, recently closed on the largest home sale reported in the MLS in Big Sky's history (outside of Yellowstone Club). Their buyer was a repeat client who sought to re-invest in Big Sky and is now the lucky owner of a timeless masterpiece on the slopes of Big Sky Resort within the community of Moonlight Basin.
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 Q2 2019:
Belgrade Youth Baseball
ALL IN. Big Sky Community Corporation
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.