Q3 2019 Big Sky Market Watch

Only

Q3 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 326 Spruce Cone Big Sky | $1,100,000

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

Cottonwood Crossing #7 Big Sky | $654,900

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

Silverado Trail Lot 58

Big Sky | $409,000

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 2018

Q3 2019

%

10

4

$1,284,800

$849,125

-32%

213

21

-90%

-60%

2

1

-50%

$2,102,660

$2,500,000

+19%

81

207

+156%

7

6

-14%

$776,643

$1,720,083

+121%

200

184

-8% +200%

2

6

$3,272,500

$4,087,500

+25%

113

180

+59%

3

4

+33%

$2,396,667

$2,637,500

+10%

199

87

-56%

330 Huckleberry Lane Big Sky | $4,690,000

CONDOMINIUM SALES Q3 2018

Q3 2019

%

25

22

-12%

$549,802

$650,500

+18%

81

81

0% -60%

23

9

$640,478

$498,222

-22%

2

66

3200%

1

0

-100%

$2,650,000

$0

-100%

227

0

-100%

8

5

-38%

$1,109,375

$1,968,570

+77%

107

367

+243%

Hidden Village, 29 Coneflower Ct. Big Sky | $565,000

LAND SALES Q3 2018

Q3 2019

%

10

8

-20%

$442,580

$267,125

-40%

485

231

-52%

5

7

+40%

$883,000

$495,357

-44%

197

169

-14%

3

2

-33%

$366,667

$487,000

+33%

218

83

-61% +250%

2

7

$482,000

$575,786

+20%

127

610

+380%

0

3

+300%

$

$792,500

%

0

341

%

Cheyenne Road Lot 16 Big Sky | $349,000

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.

46

Active Residential Listings

950,000 6.3

1.7

3.8

Median Residential List Price for Meadow Village

5.8

$

HOMES SEPT 18

HOMES SEPT 19

CONDO SEPT 18

CONDO SEPT 19

114 AUTUMN TRAIL BIG SKY, MT 59716 3 BEDROOMS 4 BATHROOMS 2,903 SQUARE FEET MLS #335676 LISTED AT $1,750,000

Stunning contemporary home in beautiful Aspen Groves.

Large 0.76 acre lot at end of cul-de-sac provides elbow room and privacy. Groomed nordic ski trail adjacent to the property. Main level master plus main level living, dining, kitchen, pantry make this home ultimately livable. outdoor living area that includes a wood burning fireplace, hot tub and a television.

192 CANDLELIGHT MEADOW DR BIG SKY, MT 59716 3 BEDROOMS 3 BATHROOMS 1,859 SQUARE FEET MLS #339765 OFFERED AT $485,000

The owner of this Firelight condo has taken amazing care and upgraded as needed. Living area floors are hickory. The carpet, blinds, several windows and paint are recent. There are new built-in cubbies in the entry mudroom and built-ins in the living area closet that serves as a pantry. This is a must see centrally located in the heart of Big Sky's Meadow Village.

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, 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.

71

Active Residential Listings

1,089,375

$

6.6

7.7

8.3

9.2

Median Residential List Price for Mountain Village

HOMES SEPT 18

HOMES SEPT 19

CONDO SEPT 18

CONDO SEPT 19

SKY CREST CONDO #1713 BIG SKY, MT 59716 2 BEDROOMS 2 BATHROOMS 1,600 SQUARE FEET MLS #330523 OFFERED AT $479,000 Listed by The Big Sky Real Estate Co.

sold

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.

Tory Cyr recently represented the buyer of a Skycrest Condo end unit overlooking the lake and some of the best views in the Mountain Village. Easy access with underground parking garage and outside door. Lots of upgrades including custom drapery, Andesite rock on the fireplace.

Purchased fully furnished, 2 bedroom, 2 baths with new hot tub and appliances.

Gallatin Canyon The Scenic Gallatin Canyon, follows the beautiful Gallatin River to the turnoff to Big Sky. Highway 191 makes its way from the Bozeman area to the north and West Yellowstone to the south. Many people opt to live or stay 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 and elk are all residents. In the summer months, many people recreate on the Gallatin River, fishing, kayaking and whitewater rafting. The Canyon also features spectacular hiking, mountain biking, and rock climbing opportunities that lead to great heights above the valley floor.

21

Active Residential Listings

1,250,000 HOMES SEPT 18

8.0

Median Residential List Price for Gallatin Canyon

6.6

$

HOMES SEPT 19

CONDO SEPT 18

CONDO SEPT 19

30752 GALLATIN ROAD GALLATIN GATEWAY, MT 59730 RUSTIC DRY CABIN 1.03 ACRES MLS #338306 OFFERED AT $359,000

For those seeking adventure, this 1.03 acres is located on the Gallatin River, with 150+/- feet of river frontage to the west and surrounded by Gallatin National Forest on 2 sides this is an oasis in the heart of the Gallatin Canyon.

Few opportunities like this exist with blue ribbon trout fishing and trophy hunting from the front door of the wonderfully appointed dry, remote cabin with all new appliance and wood stove.

49622 GALLATIN ROAD GALLATIN GATEWAY, MT 59730 2 BEDROOMS 3 BATHROOMS 3,297 SQUARE FEET MLS #334460 OFFERED AT $3,600,000

This is Big Sky's finest fishing property, just steps from the Gallatin's world class fly-fishing.

This section of river features excellent fishing opportunities, where one can fish to rising trout and match the hatch from the property. Entertain and enjoy the splendor of the Gallatin from this 2,234 sf wrap-around deck.

Surrounded by alpine splendor and natural beauty this 5.32 acre riverfront property is one of a kind.

A true legacy property.

Spanish Peaks Spanish Peaks Mountain Club is a 5,800-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.

20

Active Residential Listings

3,275,000

$

4.9

7.7

HOMES SEPT 18

HOMES SEPT 19

CONDO SEPT 18

1.7

4.6

Median Residential List Price for Spanish Peaks

CONDO SEPT 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 $2,650,000

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.

32

Active Residential Listings

2,400,000

$

HOMES Q1 19

CONDO Q1 18

7.0

3.1

HOMES Q1 18

3.9

3.4

Median Residential List Price for Moonlight Basin

CONDO Q1 19

106 DIAMOND HITCH BIG SKY, MT 59716 4 BEDROOMS 5 BATHROOMS 3,494 SQUARE FEET MLS #330703 OFFERED AT $3,750,000 Listed by The Big Sky Real Estate Co.

sold

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

Laura Sacchi recently sold this amazing Diamond Hitch custom home. View, views and more views of the Spanish Peaks. Access to the worldclass skiing at Big Sky Resort, this 4 bedroom, 4.5 bath home is the ideal mountain getaway.

Complete with amazing outdoor living space including a wrap around deck that spans the back of the home which allows you to take in the views, an outdoor fireplace on a covered deck.

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 2019:

Big Sky Bravery Habitat for Hummanity Friends of Big Sky Education Scholarship

Women In Action - Par the Peaks 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.