BIG SKY MARKET WATCH 3RD 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: 207119
Market Review 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
Sal es Vo l u m e
$
Tra n s a c t i o n s
Mil lio n
Mil lio n
34.6 67 2.7
$
H ig he s t Sa le
Cover Property Big Sky, Montana | Web ID: 208611 © 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 Q3 - 2015 Condos/Twnhm: 1 Homes: 4 Homesites: 1 Pending: 16 MEADOW VILLAGE Sold Q3 - 2015 Condos/Twnhm: 20
Sold Q3 - 2015 Condos/Twnhm: 7 Homes: 0 Homesites: 6 Pending: 21
Sold in MLS Q3 - 2015 Condo/Twnhm: Homes: Homesite: Pending: 1
Homes: 8 Homesites: 10 Pending: 28
GALLATIN CANYON Sold Q3 - 2015 Homes: 2 Homesites: 2 Pending: 2
Sold Q3 - 2015 Condos/Twnhm: 0 Homes: 0 Homesites: 6 Pending: 4
OUR SIGNIFIC ANT SALES
365 Antler Ridge Road, Big Sky, MT
2055 Ousel Falls Road, 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
199 $34,647,460
$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
Q3 2014
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 NEW Development - Big Sky, Montana | Web ID: 198875 Q2 2015
13
19,235,500
Q3 2015
13
10,897,580
{
1,238,682
965,000 1,200,000
805,024 There are
19 homes between $400,000 and 725,000
$1,000,000 for sale in Big Sky.
}
Single Family Residential Quarterly Sales Data $70,000,000
$3,000,000
28
28 $52,500,000 21
$2,250,000
22
20
20
$35,000,000
13
14
$17,500,000
$0
13
$1,500,000
13
$750,000
7
0 Q1 2014
Q2 2014
SALES VOLUME
Q3 2014 AVG. SALE
Q4 2014
Q1 2015
MEDIAN SALE
Q2 2015
Q3 2015
$0
# OF SALES
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Q2 2015
37
$19,066,666
$443,448
$300,000
Q3 2015
29
$15,027,500
$452,833
$390,000
Condo/Townhome Quarterly Sales Data $24,000,000
$500,000 50
46
43
$18,000,000 38
36
$375,000
37
34
29 $12,000,000 25
$6,000,000
$250,000
23
$125,000
13
Table 2 $0
Q1 2014
0 Q1 2014
Q2 2014
{
Q3 2014
11
Q4 2014
28
Q1 2015
19
Q2 2015
25
Q3 2015
$0
# OF SALES SALES VOLUME AVG. SALE MEDIAN SALE Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 14 6,123,000 364,833 272,000 SALES VOLUME AVG. SALE MEDIAN SALE # OF SALES 11 4,221,000 345,111 205,000
25
3,563,800
268,311
185,000
339,423 250,000 Avg. Sales Price for lots in 5,160,000 217,882 195,000 Moonlight, Spanish410,326 Peaks Mountain Club & Big Sky 11,292,500 330,000 10,357,000
$457,500
8,722,380
325,911
300,000
}
Land Quarterly Sales Data $12,000,000
$500,000
28
28
25
25
$9,000,000
$375,000 21
$6,000,000 14
$3,000,000
19 14
$250,000
11
11 $125,000
7
1 $0
0
Q1 2014
Q2 2014
SALES VOLUME
Q3 2014 AVG. SALE
Q4 2014
Q1 2015
MEDIAN SALE
Q2 2015
Q3 2015
$0
# OF SALES
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