Big Sky Real Estate Statistics

BIG SKY MARKET WATCH 2015 YEAR IN REVIEW

Big Sky, Montana | Web ID: 198882

COVERING BIG SKY RESORT, MOONLIGHT BASIN, GALLATIN CANYON, MEADOW VILLAGE, SPANISH PEAKS MOUNTAIN CLUB AND YELLOWSTONE CLUB

CONTENTS

Big Sky, Montana | Web ID: 209906

Browse all MLS listings and learn more about the market at

bigskysir.com

Market Review 3

Sales Volume Comparison 100 Overview by Cathy Gorman

4

Area Details

7

Mountain, Meadow Canyon Details

11

Big Sky, Moonlight, Spanish Peaks, Yellowstone Club Details

75

Market Observations

Pending Sales

Closed Sales

Inventory Levels

Days on Market

Median Sales Price

50

25

0

Consumer Confidence April

UNITS SOLD

400

May

June

SALES VOLUME

July

336

311

300 200

116

120

$260,000,000

291

171

$195,000,000 $130,000,000

116

100

$65,000,000

0

2008

2009

2010

2011

2012

2013

2014

$0

Number of Sales by Year Source of100 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.

75

Big Sky Sotheby’s International Realty Big Sky - 2015 Year in Review

by Cathy Gorman, Broker/Owner Welcome to the Big Sky Sotheby’s International

The very high-end inventory is selling and there are

Realty’s 2015 Year-End Market Watch.

We began

over 100 homes now under construction valued from

compiling these figures for you in 2008 as the US

$5,000,000. 2015 statics show that while interest is up

economy was free falling into the great recession.

the total sales volume was slightly less than in 2014 and the total number of sales was also lower.

Interest in Big Sky has been very high for the past two years but buyers and sellers do not view the

There is an enormous pent up demand for homes,

market in the same way. Buyers in all but the high-

condos and townhomes. Lots sales doubled in 2015

end price ranges are cautious. They are looking to

but are still about 50% of what they were annually

purchase at a fair price while sellers are looking to

prior to the recession. Developers are gearing up with

re-coup value they lost during the recession. Only

lots of new product. We anticipate that much of it will

those properties that were well priced sold in 2015

sell prior to construction.

Million

193 291 9.8

$

Sa l es Vo l u m e

$

Tra n s a c t i o n s

Million

leaving a huge inventory of stale, overpriced property.

H ig he s t Sa le

OUR SIGNIFIC ANT SALES

298 Ridge Fork Road, Big Sky, Montana, List Price $2,900,000

9355 Trooper Trail, Bozeman, Montana, List Price $2,450,000

MARKET DETAILS | ALL OF BIG SKY SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

# OF LISTINGS

$85,261,417

66

215

$1,176,470

$9,825,000

$142,310

$1,037,500

74

-40.16

-26.67

-11.52

-17.32

-42.21

-47.29

7.29

-14.94

$142,484,225

90

243

$1,422,889

$17,000,000

$270,000

$967,000

87

119.75

28.57

2.53

69.07

126.67

145.45

63.21

6.10

$64,839,852

70

237

$841,615

$7,500,000

$110,000

$592,500

82

21.56

25.00

24.74

-10.55

123.21

-37.14

-15.36

-21.90

$53,341,275

56

190

$940,844

$3,360,000

$175,000

$700,000

105

-8.44

1.82

-34.26

-11.18

-36.60

133.33

188.66

-1.87

$58,256,984

55

289

$1,059,218

$5,300,000

$75,000

$242,500

107

45.77

25.00

19.92

26.98

9.28

-7.41

-66.08

-24.11

$39,965,150

44

241

$834,146

$4,850,000

$81,000

$715,000

141

CONDOMINIUM/TOWNHOME

2015 % Change

2014 % Change

2013 % Change

Browse all MLS listings and learn more about the market at

bigskysir.com

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

# OF LISTINGS

$72,670,534

137

155

$512,134

$3,450,000

$82,500

$340,000

147

-2.67

-12.74

3.33

17.44

-50.71

10.00

17.24

-2.00

$74,664,788

157

150

$436,063

$7,000,000

$75,000

$290,000

150

7.54

-12.29

-35.06

15.67

324.24

41.51

16.00

63.04

$69,427,275

179

231

$376,973

$1,650,000

$53,000

$250,000

92

94.62

57.02

-0.43

20.47

15.38

32.50

25.00

-47.13

$35,673,088

114

232

$312,922

$1,430,000

$40,000

$200,000

174

-10.30

-12.98

6.91

3.07

-40.42

66.67

9.89

14.47

$39,771,347

131

217

$303,598

$2,400,000

$24,000

$182,000

152

28.16

37.89

-17.49

-2.93

26.32

-46.67

-22.55

-41.31

$31,033,026

95

263

$312,774

$1,900,000

$45,000

$235,000

259

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

# OF LISTINGS

$34,869,880

88

283

$363,533

$3,500,000

$106,000

$277,500

200

43.71

37.50

21.98

0.03

112.12

29.27

12.12

-13.79

$24,264,800

64

232

$363,432

$1,650,000

$82,000

$247,500

232

-28.43

-26.44

26.09

20.39

-15.38

36.67

41.43

43.21

$33,902,300

87

184

$301,885

$1,950,000

$60,000

$175,000

162

128.85

77.55

-42.32

-0.15

-22.00

-17.81

-18.60

5.19

$14,813,900

49

319

$302,324

$2,500,000

$73,000

$215,000

154

27.86

88.46

10.38

-32.16

-19.35

19.67

-68.84

-19.79

$11,586,050

26

289

$445,617

$3,100,000

$61,000

$690,000

192

-26.04

-18.75

47.45

-2.68

124.15

-35.79

53.33

30.61

$15,665,000

32

196

$457,900

$1,383,000

$95,000

$450,000

147

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

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

Q2 2015

13

19,235,500

1,238,682

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

Big Sky, Montana | Web ID: 208595 Single Family Residential Quarterly Sales Data $70,000,000

$3,000,000

28

28 $52,500,000 21

20

26 $2,250,000

22

20

$35,000,000

13

14

13

$1,500,000

13

Table 2 $17,500,000 Q1 2014

# OF SALES

7

SALES VOLUME

AVG. SALE

MEDIAN SALE

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

$0 Q4 2014 Q10 2014

46 Q2 2014

$15,797,964Q4 2014 Q3 2014

Q1 2015

23 SALES VOLUME

$12,116,530 AVG. SALE

Q2 2015

37

$19,066,666

Q3 2015

29

$15,027,500

Q4 2015

45

$25,612,388

$331,204 Q1 2015

Q2$285,000 2015

$750,000

Q3 2015

$483,763 SALE MEDIAN

$359,900 # OF SALES

$443,448

$300,000

$452,833

$390,000

$522,021

$325,000

$0

Q4 2015

{ Median condo sales prices have flattened out from 2014 to 2015

Condo/Townhome Quarterly Sales Data $26,000,000

$600,000 50

43

$19,500,000 38

36

46

45 $450,000

37

34

29 $13,000,000

$300,000

23

25

1 $6,500,000

$0

$150,000

13

0 Q1 2014

Q2 2014

Q3 2014

SALES VOLUME

Q4 2014 AVG. SALE

Q1 2015

Q2 2015

MEDIAN SALE

Q3 2015 # OF SALES

Q4 2015

$0

}

{

Q4 2014

28

10,357,000

339,423

250,000

Q1 2015

19

5,160,000

217,882

195,000

Q2 2015

25

11,292,500

410,326

330,000

Q3 2015

25

8,722,380

325,911

300,000

Q4 2015

19

9,695,000

355,882

325,000

88 lots sold in 2015 -17 at Big Sky Resort, 3 at Moonlight, 18 at Spanish Peaks, 2 at YC , 39 in the meadow, and 9 in the canyon. (only reported on MLS)

}

Land Quarterly Sales Data $12,000,000

$500,000

28

28

25

25

$9,000,000

$375,000 21

$6,000,000 14

$3,000,000

19 14

$250,000

11

11 $125,000

7

$0

0 Q1 2014

Q2 2014

Q3 2014

bigskysir.com

SALES VOLUME

Browse all MLS listings and learn more about the market at

19

Q4 2014

AVG. SALE

Q1 2015

Q2 2015

MEDIAN SALE

{

Q3 2015

$0

Q4 2015

# OF SALES

We Have Cash Buyers

looking for single family homes and condos in the Meadow

}

Absorption: Inventory vs Sales, Pending & Distressed 100

700

604

588 532

75

525 491

484 455

465

455 433

433

425

417

453

430

429

397

396 366

1

50

358

350

336

25

175

0

0 Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

UNITS FOR SALE

Q2 2012

Q3 2012

Q4 2012

Q1 2013

# OF SALES

Q2 2013

Q3 2013

Q4 2013

Q1 2014

DISTRESSED

Q2 2014

Q3 2014

Q4 2014

Q1 2015

PENDING

Q2 2015

Q3 2015

Q4 2015

MARKET DETAILS | MOUNTAIN SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$54,391,680

27

258

$1,759,467

$9,825,000

$580,000

$1,380,000

-40.11

-27.03

5.74

-16.07

-42.21

28.60

-4.83

$90,823,000

37

244

$2,096,343

$17,000,000

$451,000

$1,450,000

179.85

105.56

-6.15

36.83

126.67

2.15

46.84

$32,454,025

18

260

$1,532,033

$7,500,000

$441,500

$987,500

-4.55

-35.71

35.42

18.55

123.21

9.01

4.44

$34,000,500

28

192

$1,292,278

$3,360,000

$405,000

$945,500

1.58

55.56

-48.94

-30.51

-36.60

6.58

-21.21

$33,472,009

18

376

$1,859,561

$5,300,000

$380,000

$1,200,000

24.91

-5.26

31.93

50.33

9.28

-17.39

20.60

$26,797,250

19

285

$1,236,956

$4,850,000

$460,000

$995,000

CONDOMINIUM/TOWNHOME

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$35,909,130

57

202

$588,530

$3,450,000

$90,000

$475,000

-51.91

-63.69

34.67

34.96

-50.71

20.00

63.79

$74,664,788

157

150

$436,063

$7,000,000

$75,000

$290,000

72.28

78.41

-44.24

-7.71

324.24

41.51

-15.33

$43,338,568

88

269

$472,507

$1,650,000

$53,000

$342,500

93.11

62.96

3.46

13.69

15.38

32.50

0.00

$22,442,425

54

260

$415,600

$1,430,000

$40,000

$342,500

-14.76

-3.57

-1.52

-11.61

-40.42

33.78

4.58

$26,329,484

56

264

$470,169

$2,400,000

$29,900

$327,500

40.04

36.59

20.55

8.78

26.32

-33.56

-22.02

$18,801,152

41

219

$432,209

$1,900,000

$45,000

$420,000

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$17,658,500

28

299

$538,019

$3,500,000

$170,000

$427,500

-27.23

-56.25

28.88

48.04

112.12

107.32

72.73

$24,264,800

64

232

$363,432

$1,650,000

$82,000

$247,500

78.83

190.91

12.08

-36.87

-15.38

-21.90

-34.00

$13,569,000

22

207

$575,700

$1,950,000

$105,000

$375,000

106.39

83.33

-37.84

5.08

-22.00

-25.00

7.53

$6,574,400

12

333

$547,867

$2,500,000

$140,000

$348,750

-7.05

-33.33

22.88

39.43

100.00

12.00

43.81

$7,072,700

18

271

$392,928

$1,250,000

$125,000

$242,500

-27.84

0.00

103.76

-23.85

-9.62

-23.31

-48.68

$9,802,000

18

133

$516,000

$1,383,000

$163,000

$472,500

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

MARKET DETAILS | MEADOW SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$25,150,107

31

183

$772,107

$2,400,000

$359,000

$610,000

-38.70

-26.19

10.91

-15.55

-41.46

0.41

1.75

$41,029,962

42

165

$914,311

$4,100,000

$357,525

$599,500

160.99

61.54

14.58

61.91

107.59

85.25

26.21

$15,721,027

26

144

$564,709

$1,975,000

$193,000

$475,000

-7.83

30.00

-43.53

-30.47

-25.75

-29.82

1.06

$17,056,900

20

255

$812,233

$2,660,000

$275,000

$470,000

17.47

-13.04

25.00

28.66

13.19

22.22

-12.80

$14,520,201

23

204

$631,313

$2,350,000

$225,000

$539,000

104.14

91.67

29.11

10.99

104.35

-18.18

-2.88

$7,113,000

12

158

$568,800

$1,150,000

$275,000

$555,000

CONDOMINIUM/TOWNHOME

2015 % Change

2014 % Change

2013

Browse all MLS listings and learn more about the market at

bigskysir.com

% Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$36,761,404

80

112

$430,717

$3,083,000

$82,500

$305,000

39.89

2.56

28.74

33.70

81.35

-13.16

10.87

$26,278,433

78

87

$322,150

$1,700,000

$95,000

$275,100

0.73

-14.29

-53.48

41.41

33.33

7.95

27.95

$26,088,707

91

187

$227,817

$1,275,000

$88,000

$215,000

97.18

51.67

-7.88

3.29

57.89

49.15

27.98

$13,230,663

60

203

$220,571

$807,500

$59,000

$168,000

-1.57

-20.00

12.15

23.07

68.23

73.53

12.00

$13,441,863

75

181

$179,225

$480,000

$34,000

$150,000

9.89

38.89

-23.95

-19.89

-9.43

-50.18

-26.47

$12,231,874

54

238

$223,724

$530,000

$68,250

$204,000

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$14,403,380

51

250

$264,232

$1,350,000

$106,000

$218,000

76.69

70.00

36.61

4.84

35.00

11.58

21.11

$8,151,900

30

183

$252,032

$1,000,000

$95,000

$180,000

-21.86

-38.78

-3.17

38.26

-44.44

46.15

44.00

$10,432,700

49

189

$182,291

$1,800,000

$65,000

$125,000

75.88

75.00

-41.67

-13.95

200.00

-10.96

-17.76

$5,931,750

28

324

$211,848

$600,000

$73,000

$152,000

71.27

600.00

82.02

2372.32

-80.65

19.67

0.55

$3,463,350

4

178

$8,569

$3,100,000

$61,000

$151,175

-15.18

-63.64

-31.80

-97.51

264.71

-35.79

-48.75

$4,083,000

11

261

$343,778

$850,000

$95,000

$295,000

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

MARKET DETAILS | C ANYON SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$5,719,630

8

189

$633,720

$1,775,000

$142,310

$430,000

-46.20

-27.27

-25.88

-25.07

-35.45

-47.29

-6.52

$10,631,263

11

255

$845,696

$2,750,000

$270,000

$460,000

-36.21

-57.69

-0.78

37.79

50.68

145.45

-18.58

$16,664,800

26

257

$613,741

$1,825,000

$110,000

$565,000

629.67

188.89

289.39

141.86

319.54

-37.14

177.64

$2,283,875

9

66

$253,764

$435,000

$175,000

$203,500

-77.75

-35.71

-79.18

-65.39

-74.41

133.33

-60.68

$10,264,684

14

317

$733,192

$1,700,000

$75,000

$517,500

69.53

7.69

44.75

68.20

44.19

-7.41

78.51

$6,054,900

13

219

$435,900

$1,179,000

$81,000

$289,900

CONDOMINIUM/TOWNHOME SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

2015

$0

0

0

$0

$0

$0

$0

% Change

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$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

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$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

0.00

0.00

0.00

0.00

0.00

0.00

0.00

$0

0

0

$0

$0

$0

$0

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$2,808,000

9

327

$285,429

$665,000

$145,000

$300,000

28.99

0.00

28.24

22.96

41.49

76.83

22.45

$2,176,900

9

255

$232,129

$470,000

$82,000

$245,000

-11.09

-25.00

136.11

33.52

-27.69

36.67

61.72

$2,448,500

12

108

$173,850

$650,000

$60,000

$151,500

6.10

33.33

-58.14

-32.20

0.00

-20.00

-40.59

$2,307,750

9

258

$256,417

$650,000

$75,000

$255,000

119.79

125.00

-46.03

-2.32

100.00

-63.41

-1.92

$1,050,000

4

478

$262,500

$325,000

$205,000

$260,000

-23.58

33.33

139.00

-42.69

-28.41

-52.33

-42.22

$1,374,000

3

200

$458,000

$454,000

$430,000

$450,000

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

TOTAL DOORS

DOORS SOLD

DEVELOPMENT COMPLETE

BIG SKY RESORT

690

110

16%

MOONLIGHT

1651

353

21%

SPANISH PEAKS

678

195

29%

YELLOWSTONE CLUB

864

464

53%

Browse all MLS listings and learn more about the market at

bigskysir.com

Sold 2015 Condos/Twnhm: 9 Homes: 21 Homesites: 2 Pending: 9 MEADOW VILLAGE Sold 2015 Condos/Twnhm: 75

Sold 2015 Condos/Twnhm: 46 Homes: 2 Homesites: 16 Pending: 15

Sold in MLS 2015 Condos/Twnhm: 1 Homes: 1 Homesites: 2 Pending: 0

Sold 2015 Condos/Twnhm: 6 Homes: 4 Homesites: 17 Pending: 3

Homes: 30 Homesites: 42 Pending: 20

GALLATIN CANYON Sold 2015 Homes: 8 Homesites: 9 Pending: 1

MARKET DETAILS | BIG SKY SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$3,297,500

2

565

$1,648,750

$2,335,000

$962,500

$1,648,750

-79.47

-83.33

151.11

28.98

-17.35

113.41

34.32

$16,059,000

12

225

$1,278,300

$2,825,000

$451,000

$1,227,500

144.14

50.00

11.39

55.77

132.99

2.15

42.26

$6,577,725

8

202

$820,621

$1,212,500

$441,500

$862,863

-21.30

0.00

-11.79

-21.45

-26.52

-32.08

0.33

$8,357,500

8

229

$1,044,688

$1,650,000

$650,000

$860,000

327.49

300.00

-31.23

6.87

34.15

-10.34

-12.02

$1,955,000

2

333

$977,500

$1,230,000

$725,000

$977,500

-17.41

0.00

79.03

-17.41

1.65

-37.34

-17.41

$2,367,000

2

186

$1,183,500

$1,210,000

$1,157,000

$1,183,500

CONDOMINIUM/TOWNHOME

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$20,615,130

46

185

$434,776

$1,395,000

$90,000

$420,000

-11.27

-20.69

4.52

10.75

18.72

20.00

45.08

$23,234,324

58

177

$392,577

$1,175,000

$75,000

$289,500

-24.45

-19.44

-33.21

-5.41

-28.79

41.51

-11.47

$30,754,668

72

265

$415,024

$1,650,000

$53,000

$327,000

182.48

75.61

16.23

56.29

81.32

32.50

64.32

$10,887,425

41

228

$265,547

$910,000

$40,000

$199,000

-28.10

-48.75

-10.59

40.29

-43.13

66.67

-13.85

$15,142,330

80

255

$189,279

$1,600,000

$24,000

$231,000

40.45

175.86

37.10

-47.88

72.04

-46.67

-36.71

$10,781,002

29

186

$363,185

$930,000

$45,000

$365,000

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$5,573,500

16

384

$311,036

$1,049,000

$170,000

$293,500

12.55

6.67

34.74

26.24

-36.42

71.72

17.40

$4,952,000

15

285

$246,385

$1,650,000

$99,000

$250,000

84.09

25.00

47.67

13.02

307.41

-5.71

16.55

$2,690,000

12

193

$218,000

$405,000

$105,000

$214,500

278.87

200.00

-34.80

22.82

88.37

-25.00

20.85

$710,000

4

296

$177,500

$215,000

$140,000

$177,500

-34.86

-20.00

22.82

-18.58

-17.31

-15.15

-26.04

$1,090,000

5

241

$218,000

$260,000

$165,000

$240,000

65.15

150.00

363.46

-33.94

-23.53

-48.44

-27.27

$660,000

2

52

$330,000

$340,000

$320,000

$330,000

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

MARKET DETAILS | MOONLIGHT SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$33,094,180

21

218

$1,442,852

$5,100,000

$580,000

$1,294,952

48.01

50.00

-39.78

-3.86

34.21

5.45

57.67

$22,359,000

14

362

$1,500,750

$3,800,000

$550,000

$821,300

492.09

180.00

-34.42

92.30

285.79

22.22

-13.34

$3,776,300

5

552

$780,433

$985,000

$450,000

$947,750

-77.03

-64.29

181.63

-33.53

-70.15

11.11

1.91

$16,438,000

14

196

$1,174,143

$3,300,000

$405,000

$930,000

-1.52

27.27

-51.00

-22.62

-13.04

6.58

0.65

$16,692,100

11

400

$1,517,464

$3,795,000

$380,000

$924,000

45.53

-8.33

73.91

62.61

137.19

-26.21

-9.63

$11,470,250

12

230

$933,200

$1,600,000

$515,000

$1,022,500

CONDOMINIUM/TOWNHOME

2015 % Change

2014 % Change

2013

Browse all MLS listings and learn more about the market at

bigskysir.com

% Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$9,144,000

9

149

$960,829

$1,867,500

$550,000

$701,500

-31.95

-47.06

-36.05

25.78

16.72

45.68

10.47

$13,436,344

17

233

$763,920

$1,600,000

$377,544

$635,000

31.94

13.33

-12.08

21.72

0.00

-11.17

28.28

$10,183,900

15

265

$627,608

$1,600,000

$425,000

$495,000

41.94

66.67

-8.93

-21.28

11.89

21.43

4.21

$7,175,000

9

291

$797,222

$1,430,000

$350,000

$475,000

6.43

-18.18

20.75

30.08

12.16

10.69

18.75

$6,741,700

11

241

$612,882

$1,275,000

$316,200

$400,000

42.83

10.00

-39.60

43.78

30.77

-5.61

-7.51

$4,720,150

10

399

$426,269

$975,000

$335,000

$432,500

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$1,950,000

2

306

$975,000

$1,100,000

$850,000

$975,000

-54.60

-50.00

378.13

-7.14

-24.14

14.09

-7.14

$4,295,000

4

64

$1,050,000

$1,450,000

$745,000

$1,050,000

-7.22

-33.33

-72.29

41.94

23.93

49.00

31.74

$4,629,000

6

231

$739,750

$1,170,000

$500,000

$797,000

-10.20

0.00

-37.40

-13.90

-53.20

42.86

62.65

$5,155,000

6

369

$859,167

$2,500,000

$350,000

$490,000

1030.48

500.00

97.33

88.41

448.25

-23.25

7.46

$456,000

1

187

$456,000

$456,000

$456,000

$456,000

-47.22

-50.00

-5.08

5.56

-1.94

14.29

5.56

$864,000

2

197

$432,000

$465,000

$399,000

$432,000

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

MARKET DETAILS | SPANISH PEAKS SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$9,855,000

4

268

$2,452,500

$3,500,000

$1,450,000

$2,452,500

-23.84

0.00

-9.76

-17.42

-5.41

-49.12

-17.42

$12,940,000

4

297

$2,970,000

$3,700,000

$2,850,000

$2,970,000

288.01

100.00

-73.34

78.11

87.34

109.56

78.11

$3,335,000

2

1114

$1,667,500

$1,975,000

$1,360,000

$1,667,500

-41.95

-33.33

415.74

-12.92

-31.90

8.80

4.55

$5,745,000

3

216

$1,915,000

$2,900,000

$1,250,000

$1,595,000

-30.99

0.00

-61.97

-30.99

-39.58

25.00

-36.83

$8,324,999

3

568

$2,775,000

$4,800,000

$999,999

$2,525,000

8.82

0.00

-1.39

8.82

62.71

-46.67

-10.62

$7,650,000

3

576

$2,550,000

$2,950,000

$1,875,000

$2,825,000

CONDOMINIUM/TOWNHOME

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$14,353,000

6

87

$2,362,500

$3,083,000

$182,000

$2,455,000

215.45

100.00

-18.69

55.77

81.35

-86.52

63.67

$4,550,000

3

107

$1,516,667

$1,700,000

$1,350,000

$1,500,000

23.98

0.00

-77.14

23.98

21.43

35.68

17.65

$3,670,000

3

468

$1,223,333

$1,400,000

$995,000

$1,275,000

-9.72

-25.00

-27.22

20.38

10.67

17.06

30.77

$4,065,000

4

643

$1,016,250

$1,265,000

$850,000

$975,000

20.44

100.00

-7.75

-39.78

-33.42

-42.37

-42.22

$3,375,000

2

697

$1,687,500

$1,900,000

$1,475,000

$1,687,500

2.27

0.00

101.45

2.27

0.00

5.36

2.27

$3,300,000

2

346

$1,650,000

$1,900,000

$1,400,000

$1,650,000

LAND

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$9,510,000

17

208

$522,667

$1,350,000

$320,000

$540,000

1421.60

750.00

37.75

67.25

285.71

16.36

72.80

$625,000

2

151

$312,500

$350,000

$275,000

$312,500

-81.44

-86.67

27.97

42.14

-12.50

150.00

32.98

$3,368,000

15

118

$219,846

$400,000

$110,000

$235,000

67.88

66.67

-68.87

-1.37

-4.65

10.00

17.50

$2,006,150

9

379

$222,906

$419,500

$100,000

$200,000

1.12

28.57

98.43

-21.63

-55.84

-16.67

21.21

$1,984,000

7

191

$284,429

$950,000

$120,000

$165,000

-63.23

-36.36

16.46

-43.27

31.94

-26.38

-69.16

$5,395,000

11

164

$501,333

$720,000

$163,000

$535,000

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com

MARKET DETAILS | YELLOWSTONE CLUB SINGLE-FAMILY

2015 % Change

2014 % Change

2013 % Change

2012 % Change

2011 % Change

2010

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$9,825,000

1

152

$9,825,000

$9,825,000

$9,825,000

$9,825,000

-67.83

-66.67

-57.54

-3.49

-42.21

285.29

-10.60

$30,540,000

3

358

$10,180,000

$17,000,000

$2,550,000

$10,990,000

38.19

-40.00

261.62

156.64

126.67

-5.56

181.79

$22,100,000

5

99

$3,966,667

$7,500,000

$2,700,000

$3,900,000

557.74

400.00

1880.00

18.06

123.21

-19.64

16.07

$3,360,000

1

5

$3,360,000

$3,360,000

$3,360,000

$3,360,000

-36.60

0.00

-36.60

-36.60

-36.60

-36.60

$5,300,000

1

$5,300,000

$5,300,000

$5,300,000

$5,300,000

9.28

0.00

9.28

9.28

9.28

9.28

$4,850,000

1

$4,850,000

$4,850,000

$4,850,000

$4,850,000

* *

CONDOMINIUM/TOWNHOME

2015 % Change

2014

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$3,450,000

1

147

$3,450,000

$3,450,000

$3,450,000

$3,450,000

-50.71

0.00

42.72

-50.71

-50.71

-50.71

-50.71

$7,000,000

1

103

$7,000,000

$7,000,000

$7,000,000

$7,000,000

$0

0

0

$0

$0

$0

$0

$0

0

0

$0

$0

$0

$0

-100.00

-100.00

-100.00

-100.00

-100.00

-100.00

-100.00

$2,850,000

1

334

$2,850,000

$2,850,000

$2,850,000

$2,850,000

$0

0

*

$0

$0

$0

$0

% Change

2013

Browse all MLS listings and learn more about the market at

bigskysir.com

% Change

2012 % Change

2011 % Change

2010

LAND

2015 % Change

2014 % Change

2013

SALES VOLUME

# OF SALES

AVG. DAYS ON MARKET

AVG. SALE

HIGH SALE

LOW SALE

MEDIAN SALE

$5,185,000

2

69

$2,592,500

$3,500,000

$1,685,000

$2,592,500

247.99

100.00

-77.88

73.99

134.90

13.09

73.99

$1,490,000

1

312

$1,490,000

$1,490,000

$1,490,000

$1,490,000

-76.16

-75.00

285.19

-1.49

-23.59

16.86

-1.49

$6,250,000

4

81

$1,512,500

$1,950,000

$1,275,000

$1,512,500

$0

0

0

$0

$0

$0

$0

-100.00

-100.00

-100.00

-100.00

-100.00

-100.00

-100.00

$2,450,000

2

45

$1,225,000

$1,250,000

$1,200,000

$1,225,000

-5.15

0.00

-5.15

-9.62

-13.23

-5.15

$2,583,000

2

$1,291,500

$1,383,000

$1,383,000

$1,291,500

% Change

2012 % Change

2011 % Change

2010

*

bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com bigskysir.com