Q3 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 1320 Old Toby Road
Big Sky | $25,000,000
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
Shoshone 1973
Big Sky Mountain Village | $349,000
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
Aspen Groves, Blk B, Lot 6 Big Sky | $319,000
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 Q3 2017
Q3 2018
%
8
10
$787,125
$1,285,800
+63%
98
213
+117%
+25%
4
2
-50%
$1,773,125
$2,102,660
+19%
273
81
-70%
4
7
+75%
$1,252,500
$776,643
-38%
237
200
-16%
4
2
-50%
$2,336,375
$3,272,500
+40%
299
113
-62%
5
3
-40%
$1,599,000
$2,396,667
+50%
412
199
-52%
63825 Gallatin Road Gallatin Canyon | $395,000
CONDOMINIUM SALES Q2 2017
Q2 2018
%
28
25
-11%
$396,569
$549,802
+38%
113
81
-28%
11
23
+109%
$431,773
$640,478
+48%
112
2
-98%
0
1
%
$0
$2,650,000
%
0
227
%
8
8
+100%
$1,123,250
$1,109,375
+4%
148
107
+3%
Arrowhead Condo 1661 Mountain Village | $775,000
LAND SALES Q2 2017
Q2 2018
%
14
10
-28%
$225,604
$442,580
+96%
338
485
+43%
4
5
25%
$520,000
$883,000
+70%
171
197
+15% +50%
2
3
$360,000
$366,667
+2%
99
218
+120%
4
2
-50%
$672,500
$482,000
-28%
519
127
-76%
3
0
%
$928,333
$
%
479
0
%
Meadow Village, Blk 3, Lot 29 Big Sky | $225,000
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.
26
Active Residential Listings
978,500 HOMES 09/17
1.5
3.4
5.3
Median Residential List Price for Meadow Village
7.2
$
HOMES CONDO CONDO 09/18 09/17 09/18
128 MOOSEWOOD DRIVE BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 5,022 SQUARE FEET MLS #312389 LISTED AT $2,799,000
New Moose Creek is an incredibly clever space designed to delight, surprise and engage. The property is 6 acres in its entirety. The house--with its sod roof and reclaimed timber exterior--blends with a rolling, grassy lawn. This clearing is encircled by an enchanting forest winding between pines, down a gentle slope, a path leads to the clear, tumbling waters of the Gallatin River’s Middle Fork..
DEER RUN CONDO BIG SKY, MT 59716 2 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 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.
61
Active Residential Listings
990,000 HOMES 09/17
7.9
10.7
7.0
Median Residential List Price for Meadow Village
6.3
$
HOMES CONDO CONDO 09/18 09/17 09/18
BEAVERHEAD 1455 BIG SKY, MT 59716 3 BEDROOMS 3 BATHROOMS 928 SQUARE FEET MLS #323929 OFFERED AT $799,000
This wonderful ski condo is very quiet with very nice views of the Spanish Peaks. One level living, fireplace, a wet bar, and three covered decks. Also, a large attached garage with lock off storage. Improvements include all new furniture including two custom bunk beds, new carpeting throughout, new window treatments in the living room and kitchen, new paint, and the conversion of the hot tub room to a sitting room in 2018.
42 LOW DOG ROAD BIG SKY, MT 59716 5 BEDROOMS 5 BATHROOMS 4,354 SQUARE FEET MLS #326721 OFFERED AT $2,450,000
Situated on the quiet Low Dog Road, “Souvenirs Lodge” is 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 easily accommodates 12 people. Enjoy the spacious great room with soaring ceilings, chinked log frame, and impressive masonry fireplace.
cover property
Gallatin Canyon LUHN LANE LOT 15A, OFFERED AT $350,000, MLS #327234 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.
17
Active Residential Listings
1,340,000 HOMES 09/17
7.9
10.7
3.3
Median Residential List Price for Gallatin Canyon
9.5
$
HOMES CONDO CONDO 09/18 09/17 09/18
48042 GALLATIN ROAD GALLATIN GATEWAY, MT 59730 5 BEDROOMS 3 BATHROOMS 3,694 SQUARE FEET MLS #326778 OFFERED AT $1,450,000
This beautiful Gallatin River property is very private with 300 feet of river frontage. The home is warm and inviting with plenty of outdoor living space. Spacious great room is perfect for gatherings. It includes a family kitchen, comfortable living area, a formal dining room and propane stove to keep everyone warm. There are five BR, three BA, sauna, family room that opens onto a large deck, and an attached two bay garage.
TOWERING PINES GALLATIN GATEWAY, MT 59730
20+/- ACRES MLS #300772 OFFERED AT $495,000
20 acres of privacy, beautiful views and year round access. Tucked in the trees just off of HWY 191, where you can enjoy the fresh mountain air, wildlife, incredible wild flowers and the wide open space! Just a few minutes drive to Big Sky Town Center for amenities, trails and Big Sky Ski Resort for skiing. Large pine trees surround the area, but the beauty and mountain views are still visible and incredible!
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.
10
Active Residential Listings
3,847,500 HOMES 09/17
0.7
3.0
3.9
Median Residential List Price for Spanish Peaks
4.0
$
HOMES CONDO CONDO 09/18 09/17 09/18
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 golfer’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 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.
17
Active Residential Listings
2,225,000 HOMES 09/17
4.8
5.8
3.3
Median Residential List Price for Spanish Peaks
6.0
$
HOMES CONDO CONDO 09/18 09/17 09/18
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 $1,799,000
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 Q3 2018: Huffing for Stuffing - Gallatin Valley Food Bank Gallatin Elite Soccer
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.