Q4 Market Watch

2018 Year End | 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 6 Hackamore - Agent for the Buyer Big Sky | $4,995,000

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

1620 Lone Mountain Trail - Agent for the Buyer & Seller Big Sky | $3,500,000

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

5-B Ranch - Agent for the Seller Big Sky | $3,500,000

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 Q4 2017

Q4 2018

%

10

10

0%

$817,900

$1,119,396

+37%

99

115

+16%

2

3

+50%

$1,437,500

$2,636,667

+84%

347

208

-40% +33%

6

8

$857,083

$1,118,625

+31%

106

238

+124% +400%

1

5

$2,450,000

$2,700,000

+10%

132

189

+43%

6

2

-67%

$2,407,887

$2,682,315

+11%

255

93

-63%

Camp Arrowhead - Agent for the Buyer Big Sky | $3,995,000

CONDOMINIUM SALES Q4 2017

Q4 2018

%

20

17

-15%

$423,970

$647,684

+53%

130

118

-9%

18

26

+44%

$380,322

$711,438

+87%

227

206

-9%

0

1

%

$0

$1,900,000

%

0

356

%

10

1

-90%

$1,093,595

$799,000

-27%

148

138

-7%

85 Amber Lily Drive - Agent for the Seller Big Sky | $2,800,000

LAND SALES Q4 2017

Q4 2018

%

11

6

$2,029,364

$701,408

-65%

154

274

+78% +133%

-45%

3

7

$1,216,667

$431,571

-72%

642

261

-59%

4

5

+25%

$231,875

$335,800

+45%

261

902

+246% -20%

5

4

$1,045,200

$607,500

-42%

348

483

+39%

1

1

0%

$1,095,000

$1,800,000

64%

761

733

-4%

1395 Beaver Creek Road - Agent for the Seller Gallatin Gateway | $1,950,000

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 4 Little Plume - Agent for the Buyer & Seller Big Sky | $2,150,000

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

Black Eagle Lodge #30 - Agent for the Buyer Big Sky | $1,350,000

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

Beaverhead 1468 - Agent for the Buyer & Seller Big Sky | $975,000

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 2017

2018

%

31

33

+6%

$975,500

$1,222,336

+25%

145

137

-6%

7

8

+14%

$1,762,912

$2,178,790

+24%

264

137

-48%

16

22

+38%

$895,150

$900,250

+1%

215

195

-9%

8

13

+63%

$2,342,563

$2,885,846

+23%

279

272

-3%

18

17

-6%

$2,048,601

$2,303,985

+12%

385

158

-59%

Great Horn Ranch - Agent for the Seller Big Sky | $1,250,000

CONDOMINIUM SALES 2017

2018

%

88

89

+1%

$414,618

$500,132

+21%

121

88

-27%

73

23

-68%

$491,894

$645,976

+31%

210

177

-15%

3

3

0%

$2,548,333

$2,516,667

-88%

190

274

+44% -66%

24

8

$1,065,706

$1,047,798

-2%

138

114

-17%

270 Karst Creek - Agent for the Seller Gallatin Gateway | $1,095,000

LAND SALES 2017

2018

%

52

42

$596,992

$410,709

-31%

311

432

+40%

-19%

20

20

0%

$659,250

$576,245

-13%

352

222

-37%

15

11

-27%

$244,500

$367,545

+50%

419

522

+25%

14

4

-71%

$732,143

$576,933

-21%

346

293

-15% -17%

6

5

$1,071,667

$1,213,000

13%

495

446

-10%

36 Ruby Range Road - Agent for the Buyer Gallatin Gateway | $965,000

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

1,248,500 5.8

4.3

2.3

Median Residential List Price for Meadow Village

8.4

$

HOMES 12/17

HOMES 12/18

CONDO 12/17

CONDO 12/18

1320 OLD TOBY ROAD BIG SKY, MT 59716 5 BEDROOMS 6 BATHROOMS 9,000 SQUARE FEET MLS #329244 LISTED AT $25,000,000

Never has a property as unique and rare as this 491 acre private estate been offered at a Montana ski resort. Adjacent to public land, the estate offers peace, privacy and expansive views of 3 majestic mountain ranges including the Big Sky ski slopes. The exquisite custom log home was built of Canadian red cedar and native Montana rock. This property will take your breath away with its wind swept meadows & herds of elk.

THE PINES E-4 BIG SKY, MT 59716 3 BEDROOMS 3 BATHROOMS 2,016 SQUARE FEET MLS #329755 OFFERED AT $575,000

Very well maintained end unit in The Pines condo complex in the heart of the Meadow Village. Spacious condo with three bedrooms, three full baths, open concept living area, large laundry room, balcony with hot tub and garage. Condo sold fully furnished.

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.

54

Active Residential Listings

1,020,000 5.7

10.3

9.2

Median Residential List Price for Mountain Village

5.7

$

HOMES 12/17

HOMES 12/18

CONDO 12/17

CONDO 12/18

BEEHIVE BASIN PARCEL 2 BIG SKY, MT 59716

5.02 ACRES MLS #322338 OFFERED AT $499,000

The views of Beehive Basin from this homesite are head-on, unobstructed, jaw-dropping, forever and ever, wild and epic, ever-changing with the shadows and alpenglow on the glacial cut peaks. It checks all the boxes of your Montana dreamscape: wildflowers, wildlife, privacy, endless stargazing, water frontage, and unrivaled trail access. Only minutes from Big Sky Resort & Moonlight Basin ski areas!

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.

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.

16

Active Residential Listings

1,317,500 HOMES 12/17

6.8

Median Residential List Price for Gallatin Canyon

9.7

$

HOMES CONDO CONDO 12/18 12/17 12/18

12400 GOOCH HILL ROAD GALLATIN GATEWAY, MT 59730 4 BEDROOMS 3 BATHROOMS 4,084 SQUARE FEET MLS #326778 OFFERED AT $1,495,000

Beautiful custom home with Cottonwood Creek coursing through this 20 acre horse property with loafing shed and smooth wire perimeter fencing.

Main level master, guest room, his and her offices, den and open living/dining/kitchen area with natural gas fireplace. Upper level has two bedrooms, full bath and large family room. Beautiful landscaping, views of the Bridger Mountains, exceptional privacy and creekside living. Detached caretaker.

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.

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 09/18

CONDO 09/17

1.8

5.3

HOMES 09/17

3.0

7.5

Median Residential List Price for Spanish Peaks

CONDO 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

sold

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.

24

Active Residential Listings

2,890,167 4.5

7.2

5.0

Median Residential List Price for Moonlight Basin

7.4

$

HOMES 09/17

HOMES 09/18

CONDO 09/17

CONDO 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.

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 Q4 2018:

Big Sky Skating & Hockey Association Heart of the Valley -Showshoe Shuffle Friends of Big Sky School District Scholarships

Big Sky Rotary Big Sky Ski Education Foundation

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.