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
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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
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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
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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
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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%
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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
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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
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% 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
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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
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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
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% 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
*
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