BIG SKY MARKET WATCH 2013 YEAR IN REVIEW
COVERING BIG SKY RESORT, MOONLIGHT BASIN, GALLATIN CANYON, MEADOW VILLAGE, SPANISH PEAKS MOUNTAIN CLUB AND YELLOWSTONE CLUB
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CONTENTS
Big Sky, Montana | Web ID: 4449011
Market Review
Market Observations
2 Overview by Cathy Gorman
3
Area Details
6
Mountain, Meadow Canyon Details
11 Big Sky, Moonlight, Spanish Peaks, Yellowstone Club Details
Pending Sales
Closed Sales
Median Sales Price
Inventory Levels
Days on Market
Consumer Confidence: Sales Volume | Units Sold
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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Big Sky Sotheby’s International Realty Big Sky - 2013 Year in Review by Cathy Gorman
2013 was a year of great change. Spanish Peaks, Moonlight Basin and Lone Mountain Ranch were all purchased out of bankruptcy, thus securing a bright future for the Greater Big Sky Area. The confidence these ownership changes brought to the real estate market was felt long before the ink was dry on the transactions. The number of real estate sales jumped
significantly last year. The one thing that really struck me looking through the following statistics is that, although sales volume is way up, pricing is still reasonable. In fact the average sales price across the board in 2013 was down from 2012. For buyers, there are still some great deals out there. For sellers, property values are way up from 2009 and most sellers can actually make a profit selling their Big Sky property. We hope that you find this report as interesting and informative as we do. We believe this in depth analysis will help you make the most of this market whether you are buying or selling.
168 336 7.5 $
Million
$
Sa l es Vo l u m e
Tra n s a c t i o n s
Million
Welcome to the Big Sky Sotheby’s International Realty Market Watch. Designed as a comprehensive analysis of the entire Big Sky real estate market with data compiled from whole calendar years beginning with 2007. These figures, charts and graphs are offered without interpretation.
H ig he s t Sa le
OUR SIGNIFIC ANT SALES
Yellowstone Club, 227 Andesite Ridge, List Price $3,950,000
Yellowstone Club, 16 Travertine, List Price $7,100,000
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MARKET DETAILS | ALL OF BIG SKY SINGLE-‐FAMILY
SALES VOLUME 2007 $65,425,750
% CHANGE
-‐16.57
2008 $54,583,500 % CHANGE
-‐36.77
2009 $34,512,715 % CHANGE
15.80
2010 $39,965,150 % CHANGE
45.77
2011 $58,256,984 % CHANGE
-‐8.44
2012 $53,341,275 % CHANGE
21.56
2013 $64,839,852
CONDOMINIUM/TOWNHOME SALES VOLUME
2007 $55,115,238 % CHANGE
-‐31.84
2008 $37,564,284 % CHANGE
-‐46.76
2009 $19,998,150 % CHANGE
55.18
2010 $31,033,026 % CHANGE
28.16
2011 $39,771,347 % CHANGE
-‐10.30
2012 $35,673,088 % CHANGE
94.62
2013 $69,427,275
LAND
SALES VOLUME 2007 $20,790,750 % CHANGE
32.97
2008 $27,644,937 % CHANGE
-‐63.01
2009 $10,226,550 % CHANGE
53.18
2010 $15,665,000 % CHANGE
-‐26.04
2011 $11,586,050 % CHANGE
27.86
2012 $14,813,900 % CHANGE
128.85
2013 $33,902,300
TOTAL SALES
YEAR SALES VOLUME 2007 2008 2009 2010 2011 2012 2013
UNITS SOLD
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
45
AVG. DAYS ON MARKET 182
$1,406,515
$4,300,000
$151,000
$1,237,500
-‐33.33
36.26
43.27
15.70
55.63
46.16
30
248
$2,015,173
$4,975,000
$235,000
$1,808,750
10.00
3.23
-‐51.59
-‐16.11
6.38
-‐59.75
33
256
$975,645
$4,173,715
$250,000
$728,000
138
33.33
-‐5.86
-‐14.50
16.20
-‐67.60
-‐1.79
2.17
44
241
$834,146
$4,850,000
$81,000
$715,000
141
25.00
19.92
26.98
9.28
-‐7.41
-‐66.08
-‐24.11
55
289
$1,059,218
$5,300,000
$75,000
$242,500
107
1.82
-‐34.26
-‐11.18
-‐36.60
133.33
188.66
-‐1.87
# OF SALES
56
190
$940,844
$3,360,000
$175,000
$700,000
105
24.74
-‐10.55
123.21
-‐37.14
-‐15.36
-‐21.90
70
237
$841,615
$7,500,000
$110,000
$592,500
82
# OF SALES
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
# OF LISTINGS
72
193
$654,776
$2,225,000
$140,000
$454,500
*
-‐19.44
71.50
-‐1.09
24.94
-‐70.00
3.40
58
331
$647,660
$2,780,000
$42,000
$469,950
1.72
-‐16.31
-‐46.72
-‐46.04
66.67
-‐46.80
59
277
$345,042
$1,500,000
$70,000
$250,000
235
61.02
-‐5.05
-‐9.35
26.67
-‐35.71
-‐6.00
10.21
95
263
$312,774
$1,900,000
$45,000
$235,000
259
37.89
-‐17.49
-‐2.93
26.32
-‐46.67
-‐22.55
-‐41.31
131
217
$303,598
$2,400,000
$24,000
$182,000
152
-‐12.98
6.91
3.07
-‐40.42
66.67
9.89
14.47
*
114
232
$312,922
$1,430,000
$40,000
$200,000
174
57.02
-‐0.43
20.47
15.38
32.50
25.00
-‐47.13
179
231
$376,973
$1,650,000
$53,000
$250,000
92
# OF SALES
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
# OF LISTINGS
22
262
$945,034
$2,000,000
$225,000
$846,250
*
45.45
28.24
-‐5.75
250.00
-‐38.67
-‐28.80
32
336
$890,667
$7,000,000
$138,000
$602,500
-‐25.00
-‐36.61
-‐54.29
-‐88.57
-‐61.59
-‐35.68
24
213
$407,116
$800,000
$53,000
$387,500
237
33.33
-‐7.98
12.47
72.88
79.25
16.13
-‐37.97
32
196
$457,900
$1,383,000
$95,000
$450,000
147
-‐18.75
47.45
-‐2.68
124.15
-‐35.79
53.33
30.61
26
289
$445,617
$3,100,000
$61,000
$690,000
192
88.46
10.38
-‐32.16
-‐19.35
19.67
-‐68.84
-‐19.79
*
49
319
$302,324
$2,500,000
$73,000
$215,000
154
77.55
-‐42.32
-‐0.15
-‐22.00
-‐17.81
-‐18.60
5.19
87
184
$301,885
$1,950,000
$60,000
$175,000
162
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
AVG. ORG. LIST
AVG. LIST
$1,133,532
139
201
$1,016,775
$4,300,000
$140,000
-‐15.24
-‐13.67
51.24
-‐1.82
62.79
-‐70.00
-‐4.22
$119,792,721
120
304
$998,273
$7,000,000
$42,000
$1,085,691
-‐45.96
-‐3.33
-‐16.78
-‐44.10
-‐40.38
26.19
-‐29.26
91.95% -‐20.98
116
253
$558,081
$4,173,715
$53,000
$768,053
$665,631
33.87
47.41
-‐3.16
-‐13.78
16.20
-‐15.09
-‐17.81
-‐16.11
$86,663,176
171
245
$481,173
$4,850,000
$45,000
$631,225
$558,421
26.48
23.98
-‐0.41
7.46
9.28
-‐46.67
7.03
6.02
$109,614,381
212
244
$517,049
$5,300,000
$24,000
$675,621
$592,033
-‐5.28
3.30
-‐2.05
-‐8.88
-‐36.60
66.67
-‐11.37
-‐8.06
$103,828,263
219
239
$471,115
$3,360,000
$40,000
$598,810
$544,344
61.97
53.42
20.92
-‐2.52
123.21
32.50
-‐10.56
-‐5.90
$168,169,427
336
289
$459,235 $7,500,000 Browse all MLS
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Sale Price/ Org List Units Listed Price RaRo 89.70% 761 2.51
$64,737,415
bigskysir.com
*
25.00
$141,331,738
bigskysir.com
# OF LISTINGS *
bigskysir.com
598 -‐0.67
72.66%
594
4.91
8.42
76.23%
644
0.39
0.00
76.53% 2.80 78.68% 8.98
$53,000 $535,602 $512,238 85.74% listings and learn more about the market at bigskysir.com
-‐21.42
644 -‐32.76 433 -‐22.40
336 bigskysir.com
bigskysir.com
{
Big Sky, Montana | Web ID: 21449555
{
On average list price dropped 4.36 % before it sold
179 condos/townhomes sold in 2013
}
}
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Absorption: Inventory Declining 100
700 UNITS FOR SALE
613
# OF SALES
644
604
588
561 542
532
75
525 491
485
484 455
455 433
433 396 366
50
336
25
175
0
0 Q1 2009
{
350
INVENTORY
# OF SALES, DISTRESSED SALES, PENDING
PENDING
626 594
562
DISTRESSED
Q2 2009
Q3 2009
Q4 2009
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Inventory continues to decline, down
22.4% from Q4 2012 to Q4 2013
Q2 2011
Q3 2011
Q4 2011
Q1 2012
Q2 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
Q3 2013
Q4 2013
} Browse all MLS listings and learn more about the market at
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MARKET DETAILS | MOUNTAIN SINGLE-‐FAMILY 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
14
AVG. DAYS ON MARKET 227
$2,318,661
$4,300,000
$735,000
$1,975,000
20.17
28.57
16.74
-‐6.53
-‐6.98
4.08
-‐6.42
$39,009,500
18
265
$2,167,194
$4,000,000
$765,000
$1,848,250
SALES VOLUME
# OF SALES
$32,461,250
% CHANGE 2008 % CHANGE 2009
-‐53.76
-‐27.78
38.87
-‐35.98
4.34
-‐28.89
-‐39.94
$18,037,715
13
368
$1,387,517
$4,173,715
$544,000
$1,110,000
% CHANGE 2010
48.56
46.15
-‐22.55
-‐10.85
16.20
-‐15.44
-‐10.36
$26,797,250
19
285
$1,236,956
$4,850,000
$460,000
$995,000
% CHANGE 2011
24.91
-‐5.26
31.93
50.33
9.28
-‐17.39
20.60
$33,472,009
18
376
$1,859,561
$5,300,000
$380,000
$1,200,000
% CHANGE 2012
1.58
55.56
-‐48.94
-‐30.51
-‐36.60
6.58
-‐21.21
$34,000,500
28
192
$1,292,278
$3,360,000
$405,000
$945,500
-‐4.55
-‐35.71
35.42
18.55
123.21
9.01
4.44
$32,454,025
18
260
$1,532,033
$7,500,000
$441,500
$987,500
% CHANGE 2013
bigskysir.com
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CONDOMINIUM/TOWNHOME 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$40,342,082
34
182
$1,186,532
$2,225,000
$140,000
$1,178,750
-‐36.46
-‐17.65
69.23
-‐22.85
24.94
46.43
-‐46.34
$25,632,980
28
308
$915,464
$2,780,000
$205,000
$632,500
-‐55.66
-‐7.14
19.48
-‐52.25
-‐46.04
-‐67.56
-‐40.71
$11,366,500
26
368
$437,173
$1,500,000
$66,500
$375,000
65.41
57.69
-‐40.49
-‐1.14
26.67
-‐32.33
12.00
$18,801,152
41
219
$432,209
$1,900,000
$45,000
$420,000
% CHANGE 2011
40.04
36.59
20.55
8.78
26.32
-‐33.56
-‐22.02
$26,329,484
56
264
$470,169
$2,400,000
$29,900
$327,500
% CHANGE 2012
-‐14.76
-‐3.57
-‐1.52
-‐11.61
-‐40.42
33.78
4.58
$22,442,425
54
260
$415,600
$1,430,000
$40,000
$342,500
93.11
62.96
3.46
13.69
15.38
32.50
0.00
$43,338,568
88
269
$472,507
$1,650,000
$53,000
$342,500
% CHANGE 2013
bigskysir.com
LAND 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
257
$1,393,684
$2,000,000
$830,000
$1,200,000
-‐24.05
18.18
-‐0.78
-‐35.73
-‐9.00
-‐45.78
-‐31.25
$11,645,000
13
255
$895,769
$1,820,000
$450,000
$825,000
-‐58.12
-‐7.69
2.75
-‐54.63
-‐56.04
-‐62.22
-‐63.23
$4,876,750
12
262
$406,396
$800,000
$170,000
$303,375
100.99
50.00
-‐49.24
26.97
72.88
-‐4.12
55.75
$9,802,000
18
133
$516,000
$1,383,000
$163,000
$472,500
-‐27.84
0.00
103.76
-‐23.85
-‐9.62
-‐23.31
-‐48.68
$7,072,700
18
271
$392,928
$1,250,000
$125,000
$242,500
-‐7.05
-‐33.33
22.88
39.43
100.00
12.00
43.81
$6,574,400
12
333
$547,867
$2,500,000
$140,000
$348,750
-‐77.35
116.67
-‐43.84
-‐3.15
-‐22.00
-‐25.00
-‐1.08
$1,489,000
26
187
$530,583
$1,950,000
$105,000
$345,000
% CHANGE 2013
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11
% CHANGE 2012
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$15,332,500
% CHANGE 2011
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AVG. DAYS ON MARKET
% CHANGE 2010
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# OF SALES
% CHANGE 2009
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SALES VOLUME % CHANGE 2008
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AVG. DAYS ON MARKET
% CHANGE 2010
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# OF SALES
% CHANGE 2009
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SALES VOLUME
% CHANGE 2008
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MARKET DETAILS | MEADOW SINGLE-‐FAMILY 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
23
AVG. DAYS ON MARKET 204
$1,176,457
$3,835,000
$450,000
$725,500
-‐64.50
-‐78.26
42.65
63.29
29.73
17.78
65.40
$9,605,000
5
291
$1,921,000
$4,975,000
$530,000
$1,200,000
SALES VOLUME
# OF SALES
$27,058,500
% CHANGE 2008* % CHANGE 2009
-‐13.39
120.00
-‐16.84
-‐60.63
-‐52.76
-‐38.30
-‐42.92
$8,319,000
11
242
$756,273
$2,350,000
$327,000
$685,000
% CHANGE 2010
-‐14.50
9.09
-‐34.71
-‐24.79
-‐51.06
-‐15.90
-‐18.98
$7,113,000
12
158
$568,800
$1,150,000
$275,000
$555,000
% CHANGE 2011
104.14
91.67
29.11
10.99
104.35
-‐18.18
-‐2.88
$14,520,201
23
204
$631,313
$2,350,000
$225,000
$539,000
% CHANGE 2012
17.47
-‐13.04
25.00
28.66
13.19
22.22
-‐12.80
$17,056,900
20
255
$812,233
$2,660,000
$275,000
$470,000
-‐7.83
30.00
-‐43.53
-‐30.47
-‐25.75
-‐29.82
1.06
$15,721,027
26
144
$564,709
$1,975,000
$193,000
$475,000
% CHANGE 2013
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CONDOMINIUM/TOWNHOME 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$13,835,656
37
195
$373,937
$895,000
$176,000
$345,000
-‐13.76
-‐18.92
81.03
6.36
16.20
-‐76.14
7.54
$11,931,304
30
353
$397,710
$1,040,000
$42,000
$371,000
-‐27.66
10.00
-‐48.73
-‐34.23
-‐16.83
138.10
-‐35.98
$8,631,650
33
181
$261,565
$865,000
$100,000
$237,500
41.71
63.64
31.49
-‐14.47
-‐38.73
-‐31.75
-‐14.11
$12,231,874
54
238
$223,724
$530,000
$68,250
$204,000
% CHANGE 2011
9.89
38.89
-‐23.95
-‐19.89
-‐9.43
-‐50.18
-‐26.47
$13,441,863
75
181
$179,225
$480,000
$34,000
$150,000
% CHANGE 2012
-‐1.57
-‐20.00
12.15
23.07
68.23
73.53
12.00
$13,230,663
60
203
$220,571
$807,500
$59,000
$168,000
97.18
51.67
-‐7.88
3.29
57.89
49.15
27.98
$26,088,707
91
187
$227,817
$1,275,000
$88,000
$215,000
% CHANGE 2013
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LAND 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
287
$517,583
$862,500
$225,000
$615,000
168.62
22.22
53.31
119.78
711.59
-‐38.67
-‐18.70
$12,513,000
11
440
$1,137,545
$7,000,000
$138,000
$500,000
-‐75.05
-‐45.45
-‐71.82
-‐54.26
-‐90.69
99.28
10.00
$3,121,800
6
124
$520,300
$651,800
$275,000
$550,000
30.79
83.33
110.48
-‐33.93
30.41
-‐65.45
-‐46.36
$4,083,000
11
261
$343,778
$850,000
$95,000
$295,000
-‐15.18
-‐63.64
-‐31.80
-‐97.51
264.71
-‐35.79
-‐48.75
$3,463,350
4
178
$8,569
$3,100,000
$61,000
$151,175
71.27
600.00
82.02
2372.32
-‐80.65
19.67
0.55
$5,931,750
28
324
$211,848
$600,000
$73,000
$152,000
75.88
75.00
-‐41.67
-‐13.95
200.00
-‐10.96
-‐17.76
$10,432,700
49
189
$182,291
$1,800,000
$65,000
$125,000
% CHANGE 2013
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9
% CHANGE 2012
bigskysir.com
$4,658,250
% CHANGE 2011
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AVG. DAYS ON MARKET
% CHANGE 2010
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# OF SALES
% CHANGE 2009
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SALES VOLUME % CHANGE 2008*
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% CHANGE 2010
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# OF SALES
% CHANGE 2009
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SALES VOLUME
% CHANGE 2008*
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MARKET DETAILS | C ANYON SINGLE-‐FAMILY 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
8
AVG. DAYS ON MARKET 100
$738,250
$1,650,000
$151,000
$576,250
1.07
-‐12.50
18.00
15.50
39.39
55.63
17.14
$5,969,000
7
118
$852,714
$2,300,000
$235,000
$675,000
SALES VOLUME
# OF SALES
$5,906,000
% CHANGE 2008 % CHANGE 2009
36.64
28.57
-‐37.29
6.28
80.43
6.38
-‐33.33
$8,156,000
9
74
$906,222
$4,150,000
$250,000
$450,000
% CHANGE 2010
-‐25.76
44.44
195.95
-‐51.90
-‐71.59
-‐67.60
-‐35.58
$6,054,900
13
219
$435,900
$1,179,000
$81,000
$289,900
% CHANGE 2011
69.53
7.69
44.75
68.20
44.19
-‐7.41
78.51
$10,264,684
14
317
$733,192
$1,700,000
$75,000
$517,500
% CHANGE 2012
-‐77.75
-‐35.71
-‐79.18
-‐65.39
-‐74.41
133.33
-‐60.68
$2,283,875
9
66
$253,764
$435,000
$175,000
$203,500
629.67
188.89
289.39
141.86
319.54
-‐37.14
177.64
$16,664,800
26
257
$613,741
$1,825,000
$110,000
$565,000
% CHANGE 2013
bigskysir.com
bigskysir.com
CONDOMINIUM/TOWNHOME
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
SALES VOLUME
# OF SALES
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$937,500
1
112
$937,500
$937,500
$937,500
$937,500
-‐100.00
-‐100.00
-‐100.00
-‐100.00
-‐100.00
-‐100.00
-‐100.00
$0
0
0
$0
$0
$0
$0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$0
0
0
$0
$0
$0
$0
$0
0
0
$0
$0
$0
$0
$0
0
0
$0
$0
$0
$0
$0
0
0
$0
$0
$0
$0
$0
0
0
$0
$0
2007 % CHANGE 2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013 bigskysir.com
LAND
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
2
186
$400,000
$550,000
$250,000
$400,000
335.87
300.00
39.78
8.97
35.44
-‐28.00
2.75
$3,486,937
8
260
$435,867
$744,937
$180,000
$411,000
-‐36.10
-‐25.00
38.08
-‐14.81
-‐6.03
-‐70.56
-‐2.68
$2,228,000
6
359
$371,333
$700,000
$53,000
$400,000
-‐38.33
-‐50.00
-‐44.29
23.34
-‐35.14
711.32
12.50
$1,374,000
3
200
$458,000
$454,000
$430,000
$450,000
% CHANGE
-‐23.58
33.33
139.00
-‐42.69
-‐28.41
-‐52.33
-‐42.22
$1,050,000
4
478
$262,500
$325,000
$205,000
$260,000
% CHANGE 2012
119.79
125.00
-‐46.03
-‐2.32
100.00
-‐63.41
-‐1.92
$2,307,750
9
258
$256,417
$650,000
$75,000
$255,000
6.10
33.33
-‐58.14
-‐32.20
0.00
-‐20.00
-‐40.59
$2,448,500
12
108
$173,850
$650,000
$60,000
$151,500
% CHANGE 2013
$0 bigskysir.com
$800,000
% CHANGE
2011
$0 bigskysir.com
AVG. DAYS ON MARKET
% CHANGE
2010
bigskysir.com
# OF SALES
% CHANGE
2009
bigskysir.com
SALES VOLUME 2007 2008
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
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{
Big Sky Resort’s average sales price is up
13% from last year, in comparison Moonlight’s and Spanish Peaks averages are still down from 2012.
}
RESORT AREAS: SALES VOLUME / AVERAGE SALES PRICE $80,000,000
$4,000,000
Yellowstone Club SALES VOLUME Spanish Peaks SALES VOLUME Moonlight SALES VOLUME Big Sky AVG. SALE Big Sky SALES VOLUME Moonlight AVG. SALE Spanish Peaks AVG. SALE Yellowstone Club AVG. SALE
Big Sky Holdings buys Moonlight August 2013
Moonlight & Yellowstone Club filed Chapter 11 November 2008 Cross Harbor buys Yellowstone Club July 2009
$60,000,000
$3,000,000
Lehman acquires Moonlight January 2012 Spanish Peaks Holdings filed Chapter 7 October 2011
$40,000,000
$20,000,000
$2,000,000
Cross Harbor buys Spanish Peaks July 2013 $1,000,000
$932,101 $675,838 $479,053
$0
2006
$460,058
2007
2008
2009
*The Yellowstone Club numbers are Big Sky Sotheby’s Int’l Realty/MLS Sales Only
$406,645
2010
$352,293
2011
$376,508
2012
$425,771
2013
$0
MARKET DETAILS | BIG SKY SINGLE-‐FAMILY 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
5
AVG. DAYS ON MARKET 115
$1,728,750
$2,037,500
$1,422,500
$1,800,000
-‐75.70
-‐80.00
-‐93.04
21.48
3.07
47.63
16.67
$2,100,000
1
8
$2,100,000
$2,100,000
$2,100,000
$2,100,000
SALES VOLUME
# OF SALES
$8,643,750
% CHANGE 2008 % CHANGE 2009
341.67
700.00
4975.00
-‐44.79
11.90
-‐67.86
-‐52.50
$9,275,000
8
406
$1,159,375
$2,350,000
$675,000
$997,500
% CHANGE 2010
-‐74.48
-‐75.00
-‐54.19
2.08
-‐48.51
71.41
18.65
$2,367,000
2
186
$1,183,500
$1,210,000
$1,157,000
$1,183,500
% CHANGE 2011
-‐17.41
0.00
79.03
-‐17.41
1.65
-‐37.34
-‐17.41
$1,955,000
2
333
$977,500
$1,230,000
$725,000
$977,500
% CHANGE 2012
327.49
300.00
-‐31.23
6.87
34.15
-‐10.34
-‐12.02
$8,357,500
8
229
$1,044,688
$1,650,000
$650,000
$860,000
-‐21.30
0.00
-‐11.79
-‐21.45
-‐26.52
-‐32.08
0.33
$6,577,725
8
202
$820,621
$1,212,500
$441,500
$862,863
% CHANGE 2013
bigskysir.com
bigskysir.com
CONDOMINIUM/TOWNHOME 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$16,254,582
20
186
$812,729
$1,925,000
$140,000
$812,500
-‐15.39
10.00
39.78
-‐23.08
-‐31.17
46.43
-‐32.31
$13,752,630
22
260
$625,120
$1,325,000
$205,000
$550,000
-‐43.89
0.00
32.31
-‐43.89
-‐18.87
-‐67.56
-‐45.45
$7,716,500
22
344
$350,750
$1,075,000
$66,500
$300,000
39.71
31.82
-‐45.93
3.55
-‐13.49
-‐32.33
21.67
$10,781,002
29
186
$363,185
$930,000
$45,000
$365,000
% CHANGE 2011
40.45
175.86
37.10
-‐47.88
72.04
-‐46.67
-‐36.71
$15,142,330
80
255
$189,279
$1,600,000
$24,000
$231,000
% CHANGE 2012
-‐28.10
-‐48.75
-‐10.59
40.29
-‐43.13
66.67
-‐13.85
$10,887,425
41
228
$265,547
$910,000
$40,000
$199,000
182.48
75.61
16.23
56.29
81.32
32.50
64.32
$30,754,668
72
265
$415,024
$1,650,000
$53,000
$327,000
% CHANGE 2013
bigskysir.com
LAND
bigskysir.com
bigskysir.com
AVG. SALE
HIGH SALE
LOW SALE
$0
0
0
$0
$0
$0
$0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$2,395,000
4
107
$598,750
$1,000,000
$450,000
$472,500
MEDIAN SALE
-‐40.85
25.00
22.43
-‐52.68
-‐69.33
-‐44.44
-‐36.51
$1,416,750
5
131
$283,350
$306,750
$250,000
$300,000
% CHANGE 2010 % CHANGE
-‐53.41
-‐60.00
-‐60.31
16.46
10.84
28.00
10.00
$660,000
2
52
$330,000
$340,000
$320,000
$330,000
65.15
150.00
363.46
-‐33.94
-‐23.53
-‐48.44
-‐27.27
$1,090,000
5
241
$218,000
$260,000
$165,000
$240,000
% CHANGE
-‐34.86
-‐20.00
22.82
-‐18.58
-‐17.31
-‐15.15
-‐26.04
$710,000
4
296
$177,500
$215,000
$140,000
$177,500
278.87
200.00
-‐34.80
22.82
88.37
-‐25.00
20.85
$2,690,000
12
193
$218,000
$405,000
$105,000
$214,500
2012 % CHANGE 2013
bigskysir.com
AVG. DAYS ON MARKET
% CHANGE
2011
bigskysir.com
# OF SALES
% CHANGE
2009
bigskysir.com
SALES VOLUME 2007 2008
bigskysir.com
AVG. DAYS ON MARKET
% CHANGE 2010
bigskysir.com
# OF SALES
% CHANGE 2009
bigskysir.com
SALES VOLUME
% CHANGE 2008
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
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MARKET DETAILS | MOONLIGHT B ASIN SINGLE-‐FAMILY 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
15
AVG. DAYS ON MARKET 223
$2,348,500
$4,300,000
$735,000
$2,025,000
-‐49.29
-‐40.00
45.74
-‐15.48
-‐6.98
4.08
-‐8.64
$17,865,500
9
325
$1,985,056
$4,000,000
$765,000
$1,850,000
SALES VOLUME
# OF SALES
$35,227,500
% CHANGE 2008 % CHANGE 2009
-‐77.39
-‐55.56
-‐56.62
-‐49.13
-‐63.75
-‐28.89
-‐44.73
$4,039,000
4
141
$1,009,750
$1,450,000
$544,000
$1,022,500
% CHANGE 2010
183.99
200.00
63.12
-‐7.58
10.34
-‐5.33
-‐9.63
$11,470,250
12
230
$933,200
$1,600,000
$515,000
$924,000
% CHANGE 2011
45.53
-‐8.33
73.91
62.61
137.19
-‐26.21
0.65
$16,692,100
11
400
$1,517,464
$3,795,000
$380,000
$930,000
% CHANGE 2012
-‐1.52
27.27
-‐51.00
-‐22.62
-‐13.04
6.58
1.91
$16,438,000
14
196
$1,174,143
$3,300,000
$405,000
$947,750
-‐77.03
-‐64.29
181.63
-‐33.53
-‐70.15
11.11
-‐13.34
$3,776,300
5
552
$780,433
$985,000
$450,000
$821,300
% CHANGE 2013
bigskysir.com
bigskysir.com
CONDOMINIUM/TOWNHOME 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$16,137,500
10
195
$1,613,750
$2,225,000
$1,200,000
$1,525,000
-‐51.79
-‐60.00
204.10
20.53
1.12
6.70
39.34
$7,780,350
4
593
$1,945,088
$2,250,000
$1,280,350
$2,125,000
-‐72.04
-‐50.00
2.53
-‐44.09
-‐33.33
-‐47.28
-‐48.82
$2,175,000
2
608
$1,087,500
$1,500,000
$675,000
$1,087,500
117.02
400.00
-‐34.38
-‐60.80
-‐35.00
-‐50.37
-‐60.23
$4,720,150
10
399
$426,269
$975,000
$335,000
$432,500
% CHANGE 2011
42.83
10.00
-‐39.60
43.78
30.77
-‐5.61
-‐7.51
$6,741,700
11
241
$612,882
$1,275,000
$316,200
$400,000
% CHANGE 2012
6.43
-‐18.18
20.75
30.08
12.16
10.69
18.75
$7,175,000
9
291
$797,222
$1,430,000
$350,000
$475,000
41.94
66.67
-‐8.93
-‐21.28
11.89
21.43
4.21
$10,183,900
15
265
$627,608
$1,600,000
$425,000
$495,000
% CHANGE 2013
bigskysir.com
LAND 2007
bigskysir.com
bigskysir.com
bigskysir.com
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$13,370,000
9
255
$1,485,556
$2,000,000
$1,050,000
$1,275,000
-‐69.75
-‐66.67
-‐45.10
-‐9.24
-‐9.00
-‐18.86
9.80
$4,045,000
3
140
$1,348,333
$1,820,000
$852,000
$1,400,000
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE
-‐89.49
-‐66.67
172.86
-‐68.48
-‐76.65
-‐50.12
-‐69.64
$425,000
1
382
$425,000
$425,000
$425,000
$425,000
103.29
100.00
-‐48.43
1.65
9.41
-‐6.12
1.65
$864,000
2
197
$432,000
$465,000
$399,000
$432,000
-‐47.22
-‐50.00
-‐5.08
5.56
-‐1.94
14.29
5.56
$456,000
1
187
$456,000
$456,000
$456,000
$456,000
1030.48
500.00
97.33
88.41
448.25
-‐23.25
7.46
$5,155,000
6
369
$859,167
$2,500,000
$350,000
$490,000
-‐10.20
0.00
-‐37.40
-‐13.90
-‐53.20
42.86
62.65
$4,629,000
6
231
$739,750
$1,170,000
$500,000
$797,000
% CHANGE 2013
bigskysir.com
# OF SALES
% CHANGE
2012
bigskysir.com
SALES VOLUME % CHANGE 2008
bigskysir.com
AVG. DAYS ON MARKET
% CHANGE 2010
bigskysir.com
# OF SALES
% CHANGE 2009
bigskysir.com
SALES VOLUME
% CHANGE 2008
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
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MARKET DETAILS | SPANISH PEAKS SINGLE-‐FAMILY 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
4
AVG. DAYS ON MARKET 283
$2,796,250
$3,835,000
$1,700,000
$2,825,000
153.23
125.00
-‐11.31
-‐4.56
29.73
-‐1.00
-‐34.64
$24,019,000
9
251
$2,668,778
$4,975,000
$1,683,000
$1,846,500
SALES VOLUME
# OF SALES
$9,485,000
% CHANGE 2008 % CHANGE 2009
-‐70.55
-‐77.78
128.29
32.53
-‐16.11
72.31
91.54
$7,073,715
2
573
$3,536,858
$4,173,715
$2,900,000
$3,536,858
% CHANGE 2010
8.15
50.00
0.52
-‐27.90
-‐29.32
-‐35.34
-‐20.13
$7,650,000
3
576
$2,550,000
$2,950,000
$1,875,000
$2,825,000
% CHANGE 2011
8.82
0.00
-‐1.39
8.82
62.71
-‐46.67
-‐10.62
$8,324,999
3
568
$2,775,000
$4,800,000
$999,999
$2,525,000
% CHANGE 2012
-‐30.99
0.00
-‐61.97
-‐30.99
-‐39.58
25.00
-‐36.83
$5,745,000
3
216
$1,915,000
$2,900,000
$1,250,000
$1,595,000
-‐41.95
-‐33.33
415.74
-‐12.92
-‐31.90
8.80
4.55
$3,335,000
2
1114
$1,667,500
$1,975,000
$1,360,000
$1,667,500
% CHANGE 2013
bigskysir.com
bigskysir.com
CONDOMINIUM/TOWNHOME
bigskysir.com
bigskysir.com
bigskysir.com
SALES VOLUME
# OF SALES
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$0
0
0
$0
$0
$0
$0
2007 % CHANGE 2008
bigskysir.com
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$4,100,000
2
258
$2,050,000
$2,780,000
$1,320,000
$2,050,000
-‐100.00
-‐100.00
-‐100.00
-‐100.00
-‐100.00
-‐100.00
-‐100.00
$0
0
0
$0
$0
$0
$0 $1,650,000
% CHANGE 2009 % CHANGE 2010
$3,300,000
2
346
$1,650,000
$1,900,000
$1,400,000
2.27
0.00
101.45
2.27
0.00
5.36
2.27
$3,375,000
2
697
$1,687,500
$1,900,000
$1,475,000
$1,687,500
% CHANGE 2011 % CHANGE 2012
20.44
100.00
-‐7.75
-‐39.78
-‐33.42
-‐42.37
-‐42.22
$4,065,000
4
643
$1,016,250
$1,265,000
$850,000
$975,000
-‐9.72
-‐25.00
-‐27.22
20.38
10.67
17.06
30.77
$3,670,000
3
468
$1,223,333
$1,400,000
$995,000
$1,275,000
% CHANGE 2013
bigskysir.com
LAND 2007
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
7
274
$780,393
$1,132,500
$615,000
$780,393
88.64
100.00
66.79
-‐5.68
19.21
-‐30.89
-‐10.62
$10,305,000
14
457
$736,071
$1,350,000
$425,000
$697,500
-‐61.02
-‐50.00
-‐55.80
-‐22.04
-‐40.74
-‐30.59
-‐18.28
$4,016,800
7
202
$573,829
$800,000
$295,000
$570,000
34.31
57.14
-‐18.81
-‐12.63
-‐10.00
-‐44.75
-‐6.14
$5,395,000
11
164
$501,333
$720,000
$163,000
$535,000
-‐63.23
-‐36.36
16.46
-‐43.27
31.94
-‐26.38
-‐69.16
$1,984,000
7
191
$284,429
$950,000
$120,000
$165,000
% CHANGE 2012
1.12
28.57
98.43
-‐21.63
-‐55.84
-‐16.67
21.21
$2,006,150
9
379
$222,906
$419,500
$100,000
$200,000
67.88
66.67
-‐68.87
-‐1.37
-‐4.65
10.00
17.50
$3,368,000
15
118
$219,846
$400,000
$110,000
$235,000
% CHANGE 2013
bigskysir.com
$5,462,750
% CHANGE 2011
bigskysir.com
AVG. DAYS ON MARKET
% CHANGE 2010
bigskysir.com
# OF SALES
% CHANGE 2009
bigskysir.com
SALES VOLUME % CHANGE 2008
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
bigskysir.com
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MARKET DETAILS | YELLOWSTONE CLUB SINGLE-‐FAMILY
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
0
AVG. DAYS ON MARKET *
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$4,850,000
1
*
$4,850,000
$4,850,000
$4,850,000
$4,850,000
9.28
9.28
9.28
9.28
*
$5,300,000
$5,300,000
$5,300,000
$5,300,000
-‐36.60
-‐36.60
-‐36.60
-‐36.60
$3,360,000
$3,360,000
$3,360,000
$3,360,000
SALES VOLUME
# OF SALES
$0
2007 % CHANGE 2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011
9.28
0.00
$5,300,000
1
% CHANGE 2012
-‐36.60
0.00
$3,360,000
1
5
557.74
400.00
1880.00
18.06
123.21
-‐19.64
16.07
$22,100,000
5
99
$3,966,667
$7,500,000
$2,700,000
$3,900,000
% CHANGE 2013
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CONDOMINIUM/TOWNHOME
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SALES VOLUME
# OF SALES
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$0
0
*
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$2,850,000
1
334
$2,850,000
$2,850,000
$2,850,000
$2,850,000
$0
0
0
$0
$0
$0
$0
$0
0
0
$0
$0
2007 % CHANGE 2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013 bigskysir.com
LAND
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$0
$0
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SALES VOLUME
# OF SALES
AVG. DAYS ON MARKET
AVG. SALE
HIGH SALE
LOW SALE
MEDIAN SALE
$0
0
*
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$0
0
*
$0
$0
$0
$0
$2,583,000
2
*
$1,291,500
$1,383,000
$1,383,000
$1,291,500
-‐5.15
-‐9.62
-‐13.23
-‐5.15
45
$1,225,000
$1,250,000
$1,200,000
$1,225,000
2007 % CHANGE 2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011
-‐5.15
0.00
$2,450,000
2
-‐100.00
-‐100.00
$0
0
$6,250,000
4
% CHANGE 2012
-‐100.00
-‐100.00
-‐100.00
-‐100.00
0
$0
$0
$0
$0
81
$1,512,500
$1,950,000
$1,275,000
$1,512,500
% CHANGE 2013
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bigskysir.com Website Stats 2012 vs 2013
Site Visits
Unique Visitors
Pages/Visit
Percent New Visitors
Avg.Visit Duration
“90% of all real estate buyers use the internet to search for homes�
Google Analytics
January 2013
December 2013
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