2019 2nd Quarter Market Report | Big Sky

2ND QUARTER MARKET REPORT 2019 · Big Sky, Montana

F E AT UR E D L I S T I N GS

CASCADE RIDGE CONDOS | $2,595,000+

SUMMIT PENTHOUSE 11004 | $1,995,000

• 6 bdrm | 6.5 bath | 4,354 +/- SF | 2-car garage • Owners have usage of the exclusive Cascade Ridge Lodge • Exceptional ski-in/ski-out access with awe-inspiring mountain and valley views SANDY REVISKY | 406.539.6316 AND WILLIAM FEHER | 406.600.0275

• 4 bdrm | 4 bath | 2,906 +/- SF | Underground parking • Boasting one of the largest floor plans and a premier location on the 10th/11th floor • Direct access to 2 chairlifts, including the new Ramcharger 8, and all village amenities MARY WHEELER | 406.539.1745

THE LODGES AT ELKHORN CREEK | $1,275,000

ULERY’S LAKES, LOT 7 | $1,100,000

• 4-6 bdrms | 3-5 baths | 2,050 - 3,150 +/- SF | Underground, heated parking • Choice of 3 floors and 6 available floor plans with heated, underground parking • Ideal Mountain Lifestyle location with immediate proximity to Big Sky Resort MICHAEL THOMAS | 406.581.2400

• 24.75 +/- acres • Located within a 500-acre community providing seclusion and privacy • Enjoy fishing across the street as well as hiking, x-country skiing, and snow-shoeing LYNN MILLIGAN | 406.581.2848

2 SUMMIT VIEW DRIVE, UNIT 302A | $795,000

TBD OUTLOOK TRAIL, LOT 1 | $359,900

• 3 bdrm | 3.5 baths | 1,783 +/- SF | Underground, heated parking • Many upgrades including new flooring, granite/quartz countertops, custom lighting • 800 SF deck with direct Lone Mountain views, exterior fireplace, & hot tub hook-up SANDY REVISKY | 406.539.6316

• 2.962 +/- acres • Old growth trees, abundant wildlife, and live water • Close to all Meadow amenities and adjacent to x-country and mountain biking trails JACKIE MILLER | 406.539.5003

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The foregoing information was obtained from the Southwest Montana Multiple Listing Service and while deemed reliable is not guaranteed.

Independent investigation before purchase is recommended. Price and availability subject to change without notice.

BI G S KY, M O N TA N A

2019 2 ND QUARTER MARKET REPORT

M A R K E T

U P D A T E

•

Q U I C K

S T A T S

A side-by-side comparison of all real estate sales in Big Sky, Montana from January 1st through June 30th in 2017, 2018, and 2019.

January 1 - June 30th BIG SKY

2017

2018

2019

Total Closed Sales

188

202

188

Total Gross Volume

$118,963,962

$162,984,623

$188,659,290

Average Price

$662,707

$824,426

$1,003,507

Median Price

$373,250

$520,000

$649,500

Average % Sold Price to List Price

94.7%

97.2%

97.3%

Average Days on the Market

262

193

161

Lowest Price

$85,000

$42,500

$120,000

Highest Price

$3,800,000

$4,500,000

$6,850,000

*Excludes Yellowstone Club sales

B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

2

SINGLE FAMILY HOMES © PEAK PHOTOGRAPHY

2017

2018

2019

C O M PA R E D

BY PROPERTY TYPE

Number of Properties Sold

31

42

44

Total Gross Volume

$44,024,786

$71,453,254

$90,793,206

Comparison of real estate sales by property type in Big Sky, Montana from January 1st through June 30th in 2017, 2018, and 2019.

Property types included are Single Family Homes, Condominiums and Land.

Mountain Properties Sold

11

21

23

Meadow Properties Sold

14

13

16

Canyon Properties Sold

6

8

5

Average Price

$1,420,154

$1,701,268

$2,063,482

Median Price

$1,170,000

$1,542,000

$1,687,500

Average Days on the Market

297

162

147

Average Price Per Square Foot

$412.84

$515.13

$610.30

Median Price Per Square Foot

$328.92

$475.36

$652.11

Lowest Price

$350,000

$225,000

$370,000

Highest Price

$3,800,000

$4,500,000

$6,850,000

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B I G S K Y P U R E W E S T. C O M • 4 0 6 - 9 9 5 - 4 0 0 9

CONDOMINIUMS

LAND

2017

2018

2019

2017

2018

2019

96

108

101

56

50

41

$54,831,051

$65,086,839

$68,117,684

$20,108,125

$26,444,530

$29,378,400

56

60

64

20

21

24

40

48

36

27

26

16

-

-

1

9

3

1

$571,157

$602,656

$674,433

$359,074

$528,891

$716,546

$371,250

$410,000

$487,000

$200,000

$355,000

$430,000

179

130

129

376

349

256

$312.25

$373.55

$371.69

-

-

-

283.33

$301.68

$353.29

-

-

-

$85,000

$42,500

$125,000

$89,500

$155,000

$165,800

$3,000,000

$3,000,000

$2,538,978

$2,800,000

$2,950,000

$5,150,000

*Excludes Yellowstone Club, Commercial, and Forest Service Leases sales.

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BI G S KY, M O N TA N A

2019 2 ND QUARTER MARKET REPORT

YOUR TRUSTED EXPERTS FOR Big Sky REAL ESTATE.

JACKIE MILLER

Broker jackie@purewestproperties.com 406-539-5003

MICHAEL THOMAS Broker michael.bigsky@gmail.com 406-581-2400

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LYNN MILLIGAN Broker lynnebrush@gmail.com 406-581-2848

MARY WHEELER

Broker mwheelerbigsky@gmail.com 406.539.1745

SANDY REVISKY Broker sandy@ownbigsky.com 406-539-6316

WILLIAM FEHER

Associate william@cascaderidge.com 406-600-0275

BRENNA KELLEHER Associate brennakelleher@gmail.com 406-581-3361

The foregoing information was obtained from the Southwest Montana Multiple Listing Service and while deemed reliable is not guaranteed. Independent investigation before purchase is recommended. Price and availability subject to change without notice. Statistics do not include Yellowstone Club sales.

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