3rd Quarter Market Report

3RD QUARTER MARKET REPORT 2021 · Big Sky, Montana

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

48050 & 48121 GALLATIN ROAD | $9,500,000 14 UPPER CASCADE RIDGE ROAD | $5,500,000

• 31± acre legacy property with 2100’ Gallatin River frontage, two spring creeks, a • 5 bdrm | 6 bath | 4,358± SF | 2-car attached garage private pond, outbuildings, two wells, and two septic systems • One of the the most sought-after locations in the neighborhood with HUGE views • 5 minutes from Town Center, 15 minutes from Big Sky Resort, 40 minutes from airport & YNP • High-end finishes, black walnut, and white oak floors throughout; exclusive owners’ lodge

MARY WHEELER | 406.539.1745

TBD SUMMIT VIEW DRIVE | $975,000

• 2.85± acres • Gated access with panoramic Lone Mountain views and subdivision walking trail • Ski or bike at Big Sky Resort located just across the street from the neighborhood entrance

JACKIE MILLER | 406.539.5003 1

SANDY REVISKY | 406.539.6316

SHOSHONE CONDOMINIUM 1923 | $498,000

• 1 bdrm | 2 bath | 879± SF • Central Mountain Village location close to shopping, restaurants, spa, lifts, and more • 3rd floor, corner unit for additional privacy and beautiful Andesite Mountain views

LYNN MILLIGAN | 406.581.2848

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.

BI G S KY, M O N TA N A

2021 3 RD 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 September 30th in 2019, 2020, and 2021.

January 1 - September 30th BIG SKY

2019

2020

2021

Total Closed Sales

274

299

415

Total Gross Volume

$284,237,640

$385,637,709

$619,580,031

Average Price

$1,037,364

$1,289,758

$1,492,964

Median Price

$649,500

$830,000

$900,000

Average % Sold Price to List Price

97%

97%

100%

Average Days on the Market

166

173

168

Lowest Price

$72,500

$40,000

$46,500

Highest Price

$6,850,000

$8,000,000

$11,500,000

*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

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SINGLE FAMILY HOMES © PEAK PHOTOGRAPHY

2019

2020

2021

C O M PA R E D

BY PROPERTY TYPE

Number of Properties Sold

66

77

71

Total Gross Volume

$142,239,206

$188,254,873

$188,281,700

Comparison of real estate sales by property type in Big Sky, Montana from January 1st through September 30th in 2019, 2020, and 2021.

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

Mountain Properties Sold

34

33

28

Meadow Properties Sold

30

33

19

Canyon Properties Sold

12

11

24

Average Price

$2,155,139

$2,444,868

$2,651,855

Median Price

$1,755,000

$1,752,300

$2,550,000

Average Days on the Market

150

142

118

Average Price Per Square Foot

$610.56

$590.19

$744.12

Median Price Per Square Foot

$669.32

$500.15

$642.26

Lowest Price

$370,000

$274,245

$105,000

Highest Price

$6,850,000

$8,000,000

$7,100,000

3

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

2019

2020

2021

2019

2020

2021

136

135

214

68

83

130

$96,601,534

$141,059,584

$247,695,731

$42,364,900

$54,524,252

$183,602,600

78

75

115

41

44

55

58

60

99

24

27

34

-

-

-

3

12

41

$710,305

$1,044,886

$1,157,457

$623,013

$656,919

$1,412,328

$534,500

$600,000

$822,000

$428,000

$485,000

$752,500

113

131

160

279

240

207

$377.86

$488.38

$648.05

-

-

-

$352.95

$413.13

$506.14

-

-

-

$125,000

$40,000

$46,500

$148,000

$205,000

$410,000

$2,540,270

$4,450,000

$5,425,000

$5,150,000

$2,300,000

$11,500,000

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

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BI G S KY, M O N TA N A

2021 3 RD QUARTER MARKET REPORT

YOUR TRUSTED EXPERTS FOR Big Sky REAL ESTATE.

JACKIE MILLER

LYNN MILLIGAN

SANDY REVISKY

MICHAEL THOMAS

MARY WHEELER

WILLIAM FEHER

BRENNA KELLEHER

MIRANDA WHEELER

Broker jackie@purewestproperties.com 406-539-5003

Broker mwheelerbigsky@gmail.com 406.539.1745

5

Broker lynnebrush@gmail.com 406-581-2848

Associate william@cascaderidge.com 406-600-0275

Broker sandy@ownbigsky.com 406-539-6316

Associate brennakelleher@gmail.com 406-581-3361

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

Associate mirandalwheeler@gmail.com 406-640-1655

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.

WWW.BIGSKYPUREWEST.COM

WE SET THE STANDARD FOR REAL ESTATE IN BIG SKY

Whether you’re starting your first home search or are in the market for a home away from home, PureWest Christie’s has the expertise, integrity and technology to ensure your sale or purchase is a seamless one. With over 100 years of combined experience in the Big Sky real estate market, we understand why you’re drawn to Big Sky; it’s why we made it our home too.

88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009 www.BigSkyPureWest.com