BIG SKY
MARKET WATCH 3RD 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: 216489
1
Market Observations
3
Resort/Area Overview
3
Significant Sales
4-11
MARKET OBSERVATIONS
Pending Sales
Quarterly Charts & Data
Closed Sales
Median Condo Sales Price
Inventory Levels
84.4 93 15 $
Million
$
Sales Vo lu m e
Tr a n s a c t i o n s
Million
MARKET REVIEW
H i g hest Sale
Cover Property Big Sky, Montana | Web ID: 216190 © 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 Q3 2016 Condos/Twnhm: 2 Homes: 7 Homesites: 2 Pending: 8 New Development Pending: 7 New Development Sold: 4
Meadow Village Pending/Sold Q3 2016 Condos/Twnhm: 26 Homes: 5 Homesites: 9 Pending: 33 New Development Pending: 4 New Development Sold: 1
Big Sky Pending/Sold Q3 - 2016 Condos/Twnhm: 19 Homes: 0 Homesites: 4 Pending: 31 New Development Pending: 7 New Development Sold: 1
Yellowstone Club Pending/Sold Q3 - 2016 Condos/Twnhm: 0 Homes: 0 Homesites: 2 Pending: 0 New Development Pending: 0 New Development Sold: 0
Spanish Peaks Mountain Club Pending/Sold Q3 - 2016 Condos/Twnhm: 0 Homes: 3 Homesites: 2 Pending: 2 New Development Pending: 5 New Development Sold: 5
Gallatin Canyon Pending/Sold Q3 - 2016 Condos/Twnhm: 0 Homes: 2 Homesites: 6 Pending: 6 New Development Pending: 0 New Development Sold: 0
OUR SIGNIFICANT SALES
76 Galena Court, Spanish Peaks Mountain Club Timothy Cyr, Broker/Owner
3225 Ousel Falls Road, Spanish Peaks Mountain Club Will Brunner, Associate
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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
$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
$84,422,496 $52,184,550
$44,759,906
$34,647,460 $58,926,384 $49,594,666
$37,575,402
$33,791,230
216
$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
20
63,394,130
2,554,333
1,625,000
Q1 2015
13
14,994,500
1,039,500
965,000
Gallatin | Web ID:1,238,682 215827 Q2 2015 Canyon, 13 Montana 19,235,500
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
Q1 2016
14
23,129,374
1,634,198
1,070,000
Home Sales - Third Quarter
AVERAGE SALES18,446,000 PRICE/SQ.1,309,636 FT. WAS $439 Q2 2016 13 1,025,000 13Q3HOMES OVER $1,000,000 AND 9 UNDER 2016 22SOLD 35,749,000 1,528,762 1,277,000 Single Family Residential Quarterly Sales Data $70,000,000
$3,000,000
28
28 $52,500,000 21
20
22
26
20
$35,000,000
13
14
$17,500,000
$0
22
13
14
13
$1,500,000
13
$750,000
7
0 Q1 2014
$2,250,000
Q2 2014
Q3 2014
SALES VOLUME
Q4 2014
Q1 2015 AVG. SALE
Q2 2015
Q3 2015
Q4 2015
MEDIAN SALE
Q1 2016
Q2 2016
Q3 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
Q3 2014
43
$20,079,081
$440,034
$273,000
46 $15,797,964 Big Sky, Montana | Web ID: 215318
$331,204
$285,000
$483,763
$359,900
Q4 2014 Q1 2015
23
Q2 2015
37
$19,066,666
$443,448
$300,000
Q3 2015
29
$15,027,500
$452,833
$390,000
$12,116,530
Condo Sales - Third Quarter
Q4 2015 $25,612,388 $522,021 $325,000 AVERAGE SALES45PRICE FOR CONDOS IN THE MEADOW - $340,456 Q1 2016 31 $12,356,630 $344,625 $300,000 AVERAGE SALES PRICE FOR CONDOS ON THE MOUNTAIN - $520,125 Q2 2016
20
$17,131,400
$335,000
$388,278
Q3 2016
48
$21,985,496
$424,554
$323,750
Condo/Townhome Quarterly Sales Data $26,000,000
$600,000 50
46
43
$19,500,000 38
36
$450,000
37
34
31
29 $13,000,000
$0
$300,000
23
25
$6,500,000
48
45
20 $150,000
13
0 Q1 2014
Q2 2014
Q3 2014
Q4 2014
SALES VOLUME
Q1 2015
Q2 2015
AVG. SALE
Q3 2015
Q4 2015
MEDIAN SALE
Q1 2016
Q2 2016
Q3 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
3,563,800
268,311
185,000
10,357,000
339,423
250,000
Q1 2015 19 5,160,000 Land Sales - Third Quarter
217,882
195,000
410,326
330,000
Q3 2014 11 215308 Big Sky, Montana | Web ID: Q4 2014
28
Q2 2015
25
11,292,500
Q3 2015 25 8,722,380 325,911 300,000 AVERAGE SALES PRICE IN THE MEADOW WAS $435,850 Q4 2015 19 9,695,000 355,882 325,000 AVERAGE SALES PRICE IN THE CANYON WAS $198,000 - 2 LOTS SOLD Q1 2016 11 3,040,840 258,316 280,000 AVERAGE SALES PRICE ON THE MOUNTAIN WAS $615,071 Q2 2016 10 6,384,500 528,063 323,750 Q3 2016
23
26,688,000
551,048
325,000
Land Quarterly Sales Data $30,000,000
$600,000
28
28
25
25
23
$22,500,000 21
$15,000,000 14
$7,500,000
$0
19
$450,000
19 $300,000
14 11
11
11
10 $150,000
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
Q3 2016
$0
# OF SALES
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MARKET DETAILS | Q3: SEPTEMBER 2016
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
SALES
NUMBER OF TRANSACTIONS
TOTOAL DOLLAR VOLUME
AVERAGE SALES PRICE
Under $500,000
56
$16,263,763
$290,424
Single Family
22
$35,749,000
$1,591,200
$500,001 to $1,000,000
17
$12,319,733
$724,690
MulL Family
48
$21,985,496
$424,554
$1,000,001 to $1,500,000
6
$7,849,000
$1,308,167
Land
23
$26,688,000
$551,048
$1,500,001 to $2,000,000
4
$6,970,000
$1,742,500
$2,000,001 to $2,500,000
3
$7,050,000
$2,350,000
$2,500,001 to $3,000,000
3
$8,345,000
$2,781,667
$3,000,001 to $3,500,000
1
$3,400,000
$3,400,000
$3,500,001 to $4,000,000
2
$7,225,000
$3,612,500
Over $4 Million
1
$15,000,000
$15,000,000
RESIDENTIAL TOTAL:
93
$84,422,496
$683,852
TOTAL NUMBER OF TRANSACTIONS
TOTAL DOLLAR VOLUME
$3,000,001 to $3,500,000 $3,500,001 to $4,000,000 $2,500,001 to $3,000,000
Over $4 Million
Under $500,000
Over $4 Million $2,000,001 to $2,500,000 $1,500,001 to $2,000,000 $1,000,001 to $1,500,000
$3,500,001 to $4,000,000
$500,001 to $1,000,000 $3,000,001 to $3,500,000
$500,001 to $1,000,000
Under $500,000 $2,500,001 to $3,000,000
$1,000,001 to $1,500,000
$2,000,001 to $2,500,000 $1,500,001 to $2,000,000
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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
128
$104,190,091
$270,000
Single Family
50
$80,949,374
$1,557,695
$500,001 to $1,000,000
47
$33,606,863
$713,219
MulM Family
122
$51,473,526
$408,634
$1,000,001 to $1,500,000
16
$19,389,374
$1,204,598
Land
44
$36,113,340
$499,937
$1,500,001 to $2,000,000
8
$14,650,000
$1,854,167
$2,000,001 to $2,500,000
4
$9,325,000
$2,325,000
$2,500,001 to $3,000,000
4
$11,095,000
$2,773,750
$3,000,001 to $3,500,000
4
$13,050,000
$3,262,500
$3,500,001 to $4,000,000
2
$7,225,000
$3,612,500
Over $4 Million
2
$20,900,000
$10,450,000
RESIDENTIAL TOTAL:
215
$233,431,328
$632,826
TOTAL NUMBER OF TRANSACTIONS
TOTAL DOLLAR VOLUME
$3,500,001 to $4,000,000 $3,000,001 to $3,500,000 Over $4 Million $2,500,001 to $3,000,000
$3,000,001 to $3,500,000 $3,500,001 to $4,000,000 $2,500,001 to $3,000,000
$2,000,001 to $2,500,000 $1,500,001 to $2,000,000
$2,000,001 to $2,500,000
$1,000,001 to $1,500,000
$1,500,001 to $2,000,000 Under $500,000
$1,000,001 to $1,500,000 $500,001 to $1,000,000
Under $500,000
$500,001 to $1,000,000
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