ANNUAL MARKET TRENDS 2020 · Northwest Montana
CONTENTS
THANK YOU TO OUR CLIENTS
01
Flathead County Real Estate Trends
03
Lake County Real Estate Trends
05
Lincoln County Real Estate Trends
07
Bigfork
09
Columbia Falls
11
Kalispell
13
Lakeside/Somers
15 Polson 17
Whitefish
19 Locations
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
FLATHEAD COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$3,518,448,336
$3,058,983,889 $2,915,402,683
$3,094,117,948
$2,892,759,598 2016
2017
RESIDENTIAL
AVERAGE SALES PRICE
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$380,000
$1,481,917,438
120
-3.00%
$140,000
$238,754,272
261
-6.00%
$535,762
$389,116
$424,820
($330,000)
$352,711
($882,776,242)
(132)
(-5.00%)
$326,601
2016
2017
2018
2019
2020
LAND
$224,182
$166,620
$163,093
($116,500)
$176,797
($124,288,151)
(272)
(-10.00%)
$144,214
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
FLATHEAD COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
1682
UNITS sold
3769
ACTIVE listings
573
2016
639
2017
2811
1889
2017
1860
2018
3779
696
2018
2019
3807
703
2019
2352
2020
2357
2078
3600
2020
2766
3956
1065
2629 2954
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
49%
$400,000 - $599,000
23%
$600,000 - $799,000
10%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
3%
$1,720,671,710
TOTAL GROSS* sales volume
IN FLATHEAD COUNTY
$642,795,184
2016
$758,423,455
2017
$839,724,025
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$1,007,064,393
LAKE COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$848,480,867
$848,759,857
$840,151,932 $831,789,017 $804,613,250
2016
2017
AVERAGE SALES PRICE
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$369,700
$322,553,094
163
-5.00%
$85,000
$62,202,534
297
-10.00%
RESIDENTIAL
$542,106
$416,057 $388,928
($299,000)
$315,922
($156,738,086)
(166)
(-8.00%)
$303,383
2016
2017
2018
2019
2020
LAND
$167,662
$131,684
$119,045
2016
2017
($71,250)
$121,970
$120,651
2018
2019
($21,234,574)
(271)
(-14.00%)
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
LAKE COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
ACTIVE listings
376
2016
363
2017
949
148
2017
378
2018
924
152
2018
879
2019
920
2019
853
2020
881
2020
865
403 595
2016
135
1078
176 371
1010 948
2020 closed RESIDENTIAL transactions by price point
Under $199,000
17%
$200,000 - $399,000
40%
$400,000 - $599,000
19%
$600,000 - $799,000
9%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
4%
$384,755,628
TOTAL GROSS* sales volume IN LAKE COUNTY
$134,857,556
$129,617,359
2016
2017
2018
$177,972,660
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$175,808,867
LINCOLN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$443,438,894 $430,897,995 $411,837,935 $404,681,290 $391,925,297
2016
2017
AVERAGE SALES PRICE
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$285,000
$132,123,105
165
-6.00%
$75,000
$32,468,183
276
-11.00%
RESIDENTIAL
$339,648
$236,912
$233,718
$256,685
($221,750)
($76,492,265)
(168)
(-8.00%)
$201,135
2016
2017
2018
2019
2020
LAND
$105,416
$90,042 $87,364
($57,500)
($15,598,267)
(285)
(-13.00%)
$84,315 $82,397
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
LINCOLN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
252
UNITS sold 2016
140
710
ACTIVE listings
300
2017
735
164
2017
291
2018
755
164
2018
298
2019
692
2020
389
660
842 951 996
2019
185
932
2020
308
864
2020 closed RESIDENTIAL transactions by price point
Under $199,000
30%
$200,000 - $399,000
46%
$400,000 - $599,000
14%
$600,000 - $799,000
5%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$164,591,288
IN LINCOLN COUNTY
$75,107,346
2016
2017
2018
$92,090,532
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$70,432,599
$83,269,075
BIGFORK
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
189
563
2017
206
UNITS sold 2016
86
531
ACTIVE listings 487
2017
98
443
238
2018
589
114
2018
248
2019
580
110
2019
414
2020
408
2020
355
514
191
453
2020 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
33%
$400,000 - $599,000
27%
$600,000 - $799,000
12%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
8%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
4%
$281,773,016
TOTAL GROSS* sales volume $96,496,009
2016
$140,474,872
$148,608,993
$103,043,525
2017
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN BIGFORK
BIGFORK
real estate trends Residential
Land
AVERAGE sales price
$689,640
$521,381 $449,513
$518,732
$447,339 $193,460
$134,163
2016
$111,141
2017
$143,738
2018
$181,485
2019
2020
MEDIAN sales price $384,000 $315,000
$469,000
$383,750
$342,500
$69,500
$78,000
$80,000
2016
2017
2018
$111,750
$125,000
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
156
366
(188) DAYS
(384) DAYS
PUREWESTREALESTATE.COM
COLUMBIA FALLS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
187
2018
203
377
2020
250
84
391
2019
233
102
336
319
ACTIVE listings 2016
78
362
2017
216
UNITS sold
292
2017
263
2018
258
2019
76
233
2020
107
222
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
53%
$400,000 - $599,000
28%
$600,000 - $799,000
11%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$120,218,384 $90,826,422
$81,583,661
$74,634,614
$56,535,255
2016
2017
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN COLUMBIA FALLS
COLUMBIA FALLS
real estate trends Residential
Land
AVERAGE sales price $401,604 $322,256
$320,376
$253,472
$339,852
$153,169 $117,416
$114,266
2017
2018
$185,209
$117,128
2016
2019
2020
MEDIAN sales price $358,450 $276,500
$280,000
$310,000
$225,500
$120,000
$106,000 $70,000
$80,750
$83,500
2016
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
107
181
(112) DAYS
(201) DAYS
PUREWESTREALESTATE.COM
KALISPELL
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
ACTIVE listings
2016
1563
201
2016
935
2017
1567
197
2017
933
2018
1627
203
2018
2019
1617
865
996
2020
1296
1801
888 794 748
2019
213
699
2020
307
668
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
63%
$400,000 - $599,000
22%
$600,000 - $799,000
7%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$562,563,677
$371,291,152 $299,841,275
$328,047,693
$252,309,203
2016
2017
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN KALISPELL
KALISPELL
real estate trends Residential
Land
AVERAGE sales price
$389,416
$294,228
$319,942
$343,443 $188,534
$262,937 $123,725
$125,575
$145,527 $137,191
2016
2017
2018
2019
2020
MEDIAN sales price $330,000 $299,900 $275,000 $227,500
$250,000 $85,500
$95,000
$95,500
2017
2018
2019
$119,000
$74,900
2016
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
101
219
(112) DAYS
(201) DAYS
PUREWESTREALESTATE.COM
LAKESIDE/SOMERS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
87
2016
89
2017
262 238
2018
75
261
2020
138
209
ACTIVE listings
39
2016
257
36
2017
256
2018
52
223
2019
119
UNITS sold
275
2019
63
283
2020
110
256
2020 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
43%
$400,000 - $599,000
16%
$600,000 - $799,000
13%
$800,000 - $999,000
11%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
3%
$2,000,000 and up
7%
$122,195,155
$71,513,136
IN LAKESIDE/SOMERS
$35,947,646
2016
$41,934,525
2017
$46,286,103
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
TOTAL GROSS* sales volume
LAKESIDE/SOMERS
real estate trends Residential
Land
AVERAGE sales price
$740,449
$359,547
$427,218
$119,669
$108,671
2016
2017
$511,247
$518,393
$152,742
$155,943
2018
2019
2020
MEDIAN sales price $352,000 $275,000
$85,000
2016
$181,938
$430,000
$388,000
$305,080
$104,500
2017
$124,900 $78,750
$85,000
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
168
310
(161) DAYS
(308) DAYS
PUREWESTREALESTATE.COM
POLSON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
174
487
2017
183 167 179 268
UNITS sold 52
414
2018
370
2019
368
2020
362
ACTIVE listings 2016
572
2017
73 63
512
2018
465
2019
82
414
2020
191
425
2020 closed RESIDENTIAL transactions by price point
Under $199,000
13%
$200,000 - $399,000
45%
$400,000 - $599,000
23%
$600,000 - $799,000
8%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
2%
$156,266,600
TOTAL GROSS* sales volume IN POLSON
$57,316,967
$61,263,314
$58,876,392
2016
2017
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$72,944,534
POLSON
real estate trends Residential
Land
AVERAGE sales price
$498,001
$366,758 $291,078
$287,517
$312,179 $107,024
$128,257
$118,461
2016
2017
2018
$121,289 $88,962
2019
2020
MEDIAN sales price
$373,750
$305,000 $249,700
$238,000
$66,875
$256,000
$55,000
$62,950
$40,875
$59,500
2016
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
147
316
(154) DAYS
(249) DAYS
PUREWESTREALESTATE.COM
WHITEFISH
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
321 390
2017
375
2018
896
2020
687
619
2019
182
1037
624
2018
197
910
644
2017
173
858
ACTIVE listings 2016
126
831
2019
440
UNITS sold
519
2020
291
481
2020 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
29%
$400,000 - $599,000
25%
$600,000 - $799,000
14%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
9%
$1,500,000 - $1,999,000
6%
$2,000,000 and up
7%
$649,994,976
IN WHITEFISH $198,709,194
2016
$317,234,975 $227,430,303
2017
$254,480,181
2018
2019
2020
The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
TOTAL GROSS* sales volume
WHITEFISH
real estate trends Residential
Land
AVERAGE sales price
$808,133
$501,331
$299,857
2016
$551,989
$487,789 $214,985
2017
$611,019
$241,037
$265,860
2018
2019
$325,798
2020
MEDIAN sales price
$535,000
$431,000 $385,000 $330,000 $149,450
2016
$340,000 $219,000 $125,000
2017
$142,000
2018
$170,000
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
143
244
(164) DAYS
(225) DAYS
PUREWESTREALESTATE.COM
LOCATIONS Bigfork 420 Electric Avenue Bigfork, MT 59911 406.837.7050
Columbia Falls 494 St. Andrews Drive Columbia Falls, MT 406.892.2801
Kalispell 17 1st Avenue East Kalispell, MT 59901 406.751.5600
Kalispell | Commercial Office 1204 1st Avenue East Kalispell, MT 59901 406.751.4330
Lakeside 115 Bills Road Lakeside, MT 59922 406.844.6050
Polson 50249 US Highway 93 Polson, MT 59860 406.883.0961
Whitefish 401 Baker Avenue/492 East 2nd Street Lodge at Whitefish Lake Whitefish, MT 59937 406.862.4900
WWW.PUREWESTREALESTATE.COM The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.