ANNUAL MARKET TRENDS 2020 · Southwest Montana
CONTENTS
THANK YOU TO OUR CLIENTS
01
Gallatin County Real Estate Trends
03
Madison County Real Estate Trends
05
Park County Real Estate Trends
07
Belgrade
09
Big Sky
11
Bozeman
13
Ennis
15
Livingston
17
Our Locations
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$2,470,494,747
$2,144,314,655 $1,979,163,654 $1,949,163,920
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$434,900
$1,701,126,372 ($1,155,938,604)
(59)
60
-2.00%
$230,000
$240,528,031
258
-4.00%
$600,680
$494,202 $462,813
($395,000)
(-3.00%)
$421,763
2017
2018
2019
2020
$348,087
LAND
$318,377
($155,000)
$240,056
($146,771,633)
(205)
(-7.00%)
$212,094
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
2404
2017
2881
2359
2018
2796
2339
2019
515
2954
2020
2832
723
2980
461 691
ACTIVE listings 2017
900
2018
885
2019
717
2020
639
2020 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
41%
$400,000 - $599,000
30%
$600,000 - $799,000
13%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
3%
TOTAL GROSS* sales volume
$1,941,654,403
IN GALLATIN COUNTY
2017
2018
$1,302,710,237
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$1,167,261,197
$1,215,404,887
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$688,964,588
$418,378,422
$378,690,701
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
$460,700,838
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$585,000
$406,538,118
150
-4.00%
$82,250
$84,982,605
275
-8.00%
$1,243,236
$868,455 $715,047
($390,000)
($222,324,565)
(145)
(-6.00%)
$529,083
2017
2018
2019
2020
LAND
$279,548
$206,054
$209,722
($70,500)
($46,977,799)
(274)
(-9.00%)
$182,135
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
198 262
2018
256
2019
358
127
335
167
377
2020
327
UNITS sold
397
224
ACTIVE listings 2017
328
2018
386
2019
339
2020
304
363
2020 closed RESIDENTIAL transactions by price point
Under $199,000
10%
$200,000 - $399,000
26%
$400,000 - $599,000
15%
$600,000 - $799,000
9%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
7%
$1,500,000 - $1,999,000
8%
$2,000,000 and up
20%
$491,520,723
TOTAL GROSS* sales volume
*Residential and Land only.
IN MADISON COUNTY $269,302,364 $221,753,443 $127,889,612
2017
2018
2019
2020
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$310,440,020
$250,505,537 $237,938,399 $244,568,193
2017
2018
AVERAGE SALES PRICE
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$350,000
$169,630,844 ($110,443,212)
(77)
64
-3.00%
$144,250
$28,987,150
293
-4.00%
RESIDENTIAL
$449,949
$401,612
$352,858
($310,000)
(-6.00%)
$327,702
2017
2018
2019
2020
LAND
$212,729
$188,228
$119,727
2017
($120,000)
($18,932,876)
(333)
(-7.00%)
$129,610
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
300 289
2017
377
2018
376
2019
275
434
ACTIVE listings 2017
153
208
2018
131
403
2020
377
UNITS sold
89
187
2019
147
2020
154
152
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
57%
$400,000 - $599,000
22%
$600,000 - $799,000
8%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$198,617,994
IN PARK COUNTY
$118,954,889
2017
2018
$129,376,088
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$116,628,752
BELGRADE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
480
2017
464
2018
543
2020
636
134
2019
82
593
116
2018
68
681
ACTIVE listings 2017
75
574
2019
553
UNITS sold
46
114
2020
64
2020 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
71%
$400,000 - $599,000
20%
$600,000 - $799,000
4%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$264,442,034
IN BELGRADE
2017
$168,724,108
2018
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$152,454,645
$228,154,906
BELGRADE
real estate trends Residential
Land
AVERAGE sales price $359,758
$391,161
$329,662 $290,344
$356,207
$174,526
$231,775
2017
2018
$340,509
2019
2020
MEDIAN sales price $320,000 $268,950
$342,450
$290,000 $147,000
$87,500
$133,750 $113,750
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
40
158
(47) DAYS
(94) DAYS
PUREWESTREALESTATE.COM
BIG SKY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
269
360
2018
284
90
354
2020
374
102
301
2019
263
UNITS sold
412
97
ACTIVE listings 2017
134
2018
149
2019
131
2020
133
147
2020 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
12%
$400,000 - $599,000
12%
$600,000 - $799,000
9%
$800,000 - $999,000
10%
$1,000,000 - $1,499,000
14%
$1,500,000 - $1,999,000
11%
$2,000,000 and up
28%
TOTAL GROSS* sales volume
$723,993,025
IN BIG SKY
2017
2018
$354,053,029
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$279,101,413
$319,005,669
BIG SKY
real estate trends Residential
Land
AVERAGE sales price $994,654
$800,985
$514,896
$1,620,371
$1,118,632 $887,024 $617,040
$623,888
2017
2018
2019
2020
MEDIAN sales price $685,000
$699,000
$1,100,000
$537,500
$515,000 $415,000 $335,750 $258,750
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
141
283
(114) DAYS
(288) DAYS
PUREWESTREALESTATE.COM
BOZEMAN
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1537
2017
1833
1548
2018
1801
2019
1856
1477 1794
2020
1944
ACTIVE listings 2017
405 289 237
454
2018
483
2019
385
2020
411
320
2020 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
34%
$400,000 - $599,000
35%
$600,000 - $799,000
17%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$1,186,999,925
IN BOZEMAN
2017
2018
$822,147,175
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$728,062,591
$805,016,758
BOZEMAN
real estate trends Residential
Land
AVERAGE sales price $473,657
$587,812
$506,696 $322,301
$429,993 $311,212 $165,835
$248,427
2017
2018
2019
2020
MEDIAN sales price $399,640
$470,250
$421,000 $220,000
$357,000
$160,000
$165,000
2018
2019
$108,500
2017
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
59
242
(61) DAYS
(190) DAYS
PUREWESTREALESTATE.COM
ENNIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
65
60
2019
61
2020
57
101
2018
55
UNITS sold
77
82
86 80
100
ACTIVE listings 2017
152
2018
181
2019
127
2020
136
148
2020 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
46%
$400,000 - $599,000
29%
$600,000 - $799,000
13%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$48,434,908
IN ENNIS
2017
$24,827,624
2018
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$22,383,300
$35,613,000
ENNIS
real estate trends Residential
Land
AVERAGE sales price
$585,734
$486,268 $335,002
$275,268
$93,420
$64,369 $78,788
$78,079
2017
2018
2019
2020
MEDIAN sales price
$428,750
$349,200 $290,000 $245,000 $55,000
$48,750
$50,450
2017
2018
2019
$66,250
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
89
232
(141) DAYS
(269) DAYS
PUREWESTREALESTATE.COM
LIVINGSTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 12/31/2017 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold 258 245 231 320
LAND UNITS sold
ACTIVE listings 2017
312
2018
121
300
2019
81 60
333
2020
368
ACTIVE listings 2017
126
2018
125
2019
95
2020
109
102
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
61%
$400,000 - $599,000
20%
$600,000 - $799,000
6%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$161,027,481
IN LIVINGSTON
$91,438,374
2017
2018
$98,035,389
2019
2020
The foregoing information was obtained from the Big Sky Country 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.
$92,100,807
LIVINGSTON
real estate trends Residential
Land
AVERAGE sales price $335,852
$307,758
$368,956
$213,443 $104,953
$113,021
2017
2018
$165,758
2019
2020
MEDIAN sales price $281,000
$446,749
$344,750
$300,000
$251,500 $90,000
$102,500
$90,000
$68,000
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
56
272
(84) DAYS
(347) DAYS
PUREWESTREALESTATE.COM
LOCATIONS Big Sky Town Center 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009
Bozeman 708 N. Rouse Avenue Bozeman, MT 59715 406.586.9418
The Exchange
Ennis 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200
Formerly the Mountain Mall
Big Sky Resort (Seasonal) Big Sky, MT 59716 406.995.5583
WWW.PUREWESTREALESTATE.COM The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.