Annual 2023 Northwest Market Trends

Page 1

ANNUAL MARKET TRENDS 2023 · Northwest Montana


CONTENTS

03

Flathead County

04

Lake County

05

Lincoln County

06

Bigfork

07

Columbia Falls

08

Kalispell

09

Lakeside | Somers

10

Polson

11

Whitefish

12

PureWest 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 sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

4.06%

2023

$1,500,001 - $3,000,000

4.61%

2022 20.88%

$800,001 - $1,500,000

$250,000 - $500,000

2766

2020

25.44%

2078

2019

10.72%

Under $250k

1771

2021

34.30%

$500,001 - $800,000

1498

1860

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $823,721

$819,628

$514,192 $458,260

$726,489 $377,073 $535,762 $605,000

$424,820

AVERAGE MEDIAN

$600,000

$520,000

$224,182

AVERAGE

2019

MEDIAN 2020

2021

AVERAGE DAYS ON MARKET

2022

2023

FLATHEAD COUNTY

$140,000

2020

AVERAGE DAYS ON MARKET

2022: 113 days

TOTAL GROSS* sales volume

$116,200

2019

118 days

$285,000

$220,000

$380,000 $330,000

$324,700

$176,797

2021

2022

2023

195 days 2022: 172 days

$2,230,228,487 $1,709,735,594

$1,720,671,710

$1,427,604,000 $1,007,064,393

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.


LAKE COUNTY sold properties - 2023 2023 closed RESIDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up $1,500,001 - $3,000,000

2023

2.35% 3.53%

2022 11.06%

$800,001 - $1,500,000

300

$500,001 - $800,000

2021

25.18%

$250,000 - $500,000

488

2020

31.53%

Under $250k

340

595

2019

26.35%

403

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $758,794

$798,750 $286,952

$706,851

$273,119

$213,962

$542,106 $167,662

AVERAGE MEDIAN

$388,928

$525,000

$533,000

$120,651

$299,000

2019

$369,700

2020

AVERAGE DAYS ON MARKET

TOTAL GROSS* sales volume LAKE COUNTY

MEDIAN 2022

2021

$180,000

AVERAGE

$445,000

2023

$156,000 $108,500 $71,250

2019

111 days

$85,000

2020

AVERAGE DAYS ON MARKET

2022: 95 days

2021

2022

166 days 2022: 191 days

$440,370,090 $384,755,628 $317,962,786

$273,764,834

$177,972,660

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


LINCOLN COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

0.24%

$1,500,001 - $3,000,000

0.48%

$800,001 - $1,500,000

2023 2022

6.01%

339

2021

11.54%

$500,001 - $800,000

244

2020

34.62%

$250,000 - $500,000

47.12%

Under $250k

490 389

2019

298

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $198,876

$204,238

$150,000

$152,500

2022

2023

$512,842 $434,722

$427,948 $339,648

AVERAGE

$148,873 $105,416

$425,000

$256,685

AVERAGE

$345,000

$341,500

$84,315 $101,900

$285,000

MEDIAN

MEDIAN

$222,500

2019

2020

2022

2021

2023

2019

116 days

AVERAGE DAYS ON MARKET

2020

AVERAGE DAYS ON MARKET

2022: 111 days

TOTAL GROSS* sales volume

$75,000 $57,500

2021

184 days 2022: 211 days

$279,813,917 $232,721,002

LINCOLN COUNTY

$164,591,288

$140,766,260

$92,090,532

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.


BIGFORK sold properties - 2023 RESI D ENTI AL units sold

2023 closed RESIDEN TIA L transactions BY PRICE POINT

$3,000,001 and up

5.94%

$1,500,001 - $3,000,000

6.39%

$800,001 - $1,500,000

26.48%

$500,001 - $800,000

2022

168 278

2020

16.44%

Under $250k

168

2021

31.96%

$250,000 - $500,000

2023

355

2019

12.79%

248

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $1,138,863

$607,347

$1,048,526

$956,113

$466,490 $350,314

$689,640

$537,955

$798,937 $518,732

MEDIAN

$700,000

$673,250

AVERAGE

AVERAGE

$469,000

MEDIAN

$383,750

2019

2020

AVERAGE DAYS ON MARKET

2022

2021

108 days

$332,000

$193,460 $195,000

$111,750

$125,000

2019

2020

AVERAGE DAYS ON MARKET

2022: 91 days

TOTAL GROSS* sales volume BIGFORK

2023

$181,485

2021

2022

154 days 2022: 111 days

$353,145,578 $281,773,016 $224,731,687 $184,417,959

$148,608,993

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


COLUMBIA FALLS sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

2023

1.05%

$1,500,001 - $3,000,000

2022

3.16%

$800,001 - $1,500,000

19.47%

$500,001 - $800,000 $250,000 - $500,000

190

2021

38.42%

235

2020

27.37%

Under $250k

146

250

2019

10.53%

233

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $484,509 $677,273

$634,422

$682,273 $334,899 $305,639 $396,542

$401,604

AVERAGE MEDIAN

$529,000

$570,603

$583,520 $185,209

$339,852 $310,000

2019

AVERAGE $358,450

MEDIAN

2020

2022

2021

2023

105 days

AVERAGE DAYS ON MARKET

TOTAL GROSS* sales volume

$191,500 $106,000

$120,000

2019

2020

AVERAGE DAYS ON MARKET

2022: 85 days

$267,000

$153,169

2021

2022

212 days 2022: 128 days

$186,071,580

COLUMBIA FALLS

$154,399,596

$120,218,384

$114,347,393

$90,826,422

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


KALISPELL sold properties - 2023 2023 closed RESIDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

1.30%

2023

$1,500,001 - $3,000,000

2.06%

2022

$800,001 - $1,500,000

15.31%

1296

2019

12.70%

Under $250k

1218

2020

27.90%

$250,000 - $500,000

879

2021

40.72%

$500,001 - $800,000

749

996

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $453,316 $639,713

$348,424

$618,119

$526,081 $533,741

$389,416

AVERAGE MEDIAN

$343,443

$299,900

2019

$248,753 $535,000

$297,807

$425,000

AVERAGE

$330,000

2020

AVERAGE DAYS ON MARKET

MEDIAN 2022

2021

$95,500

$119,000

2020

AVERAGE DAYS ON MARKET

2022: 103 days

$726,335,362

$215,000 $174,450

2019

107 days

TOTAL GROSS* sales volume KALISPELL

2023

$145,329

$149,911

2021

2022

210 days 2022: 180 days

$638,305,152

$562,563,677

$522,900,000

$371,291,152

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


LAKESIDE | SOMERS sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

2023

7.48%

$3,000,001 and up

2022

5.61%

$1,500,001 - $3,000,000

68

$800,001 - $1,500,000

21.50%

2021

36.45%

$500,001 - $800,000 $250,000 - $500,000

126

2020

13.08%

Under $250k

76

138

2019

15.89%

119

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND

$541,928

$1,242,555 $1,135,242 $991,272

$504,850

$337,821

$286,313

$740,449 $918,140

AVERAGE MEDIAN

$770,000

$518,393

$388,000

2019

AVERAGE

$430,000

MEDIAN

2020

2022

2021

AVERAGE DAYS ON MARKET

$155,943 $188,000 $124,900 $85,000

2019

2023

109 days

2020

AVERAGE DAYS ON MARKET

2022: 98 days

TOTAL GROSS* sales volume

$295,000

$181,938

$657,000

2021

2022

135 days 2022: 130 days

$178,829,709

LAKESIDE | SOMERS $122,195,155

$99,389,333

$97,669,000

$71,513,136

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


POLSON sold properties - 2023 2023 closed RESIDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

2023

1.52%

$3,000,001 and up $1,500,001 - $3,000,000

2022

3.05% 10.15%

$800,001 - $1,500,000

135

2021

32.49%

$500,001 - $800,000 $250,000 - $500,000

208

2020

25.38%

Under $250k

161

268

2019

27.41%

179

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $207,170 $738,624

$186,161

$776,463

$151,475 $593,553

$121,289

$498,001

AVERAGE MEDIAN

$536,325

$366,758 $373,750

$517,000

$122,500

AVERAGE $79,950

$410,000

$62,950

MEDIAN

$305,000

2019

$146,813

$88,962

$40,875

2020

AVERAGE DAYS ON MARKET

2022

2021

2019

100 days

$156,266,600

2020

AVERAGE DAYS ON MARKET

2022: 98 days

TOTAL GROSS* sales volume POLSON

2023

2021

2022

181 days 2022: 142 days

$161,024,974 $136,430,990 $116,365,000

$72,944,534

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


WHITEFISH sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

2023

15.14%

2022

7.93%

$1,500,001 - $3,000,000

32.45%

$800,001 - $1,500,000

Under $250k

399

2021

27.88%

$500,001 - $800,000

616

2020

14.42%

$250,000 - $500,000

319

687

2019

2.16%

440

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $904,895

$1,332,538 $1,209,264 $714,994

$1,039,372 $808,133

$703,458

$611,019

$832,683

AVERAGE

$900,000

$535,000 $431,000

2019

2020

AVERAGE DAYS ON MARKET

TOTAL GROSS* sales volume WHITEFISH

2022

2021

$560,000

$325,798

$652,000

MEDIAN

AVERAGE

$265,860

MEDIAN

$170,000

2023

2019

158 days

$450,000

$219,000

2020

AVERAGE DAYS ON MARKET

2022: 163 days

2021

2022

220 days 2022: 135 days

$797,551,020 $649,994,976

$565,048,924

$508,655,000

$317,234,975

2019

$861,598

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023


NOR TH W E ST L O CATIO N S BIGFORK

LAKESIDE

420 Electric Avenue Bigfork, MT 59911 406.837.7050

115 Bills Road Lakeside, MT 59922 406.844.6050

C OLUMBIA FALLS

POLSON

494 St. Andrews Drive Columbia Falls, MT 59912 406.892.2801

KALISPELL

17 1st Avenue East Kalispell, MT 59901 406.751.5600

KAL ISPELL COMMERCIAL 1204 1st Avenue East Kalispell, MT 59901 406.751.4330

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

P U R E W E S T R E A L E S TAT E . C O M



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