ANNUAL MARKET TRENDS 2019 · 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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$3,077,503,796
$3,058,983,889 $3,094,117,948
$2,915,402,683
2015
2016
AVERAGE SALES PRICE
RESIDENTIAL
$2,892,759,598
2017
2018
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$330,000
$882,776,242
132
-5.00%
$116,500
$124,288,151
272
-11.00%
$424,820
$389,116
($310,000)
$352,711
($723,756,315)
(126)
(-5.00%)
$326,601 $314,041
2015
2016
2017
2018
2019
$176,797 $166,620
LAND
$163,093
($107,250)
($115,967,710)
(319)
(-10.00%)
$144,214 $139,874
2015
2016
2017
2018
2019 2018 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
1684
2015
1682
2016
UNITS sold 3940
3769
1889
2017
1860
2018
3779
2019
3807
2078
3600
ACTIVE listings
574
2015
573
2016
3058 2811
2017
2629
696
2018
2954
703
2019
639
2352
2019 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
56%
$400,000 - $599,000
24%
$600,000 - $799,000
6%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$1,007,064,393
IN FLATHEAD COUNTY $609,132,618
2015
$839,724,025
$642,795,184
2016
2017
2018
2019
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.
$758,423,455
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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$914,368,768
$840,151,932 $848,759,857 $831,789,017 $804,613,250 2015
2016
AVERAGE SALES PRICE
2017
2018
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$299,000
$156,738,086
166
-8.00%
$71,250
$21,234,574
271
-14.00%
RESIDENTIAL
$416,057
$388,928
$320,740
($289,500)
$315,922 $303,383
2015
2016
2017
2018
($157,269,367)
(181)
(-6.00%)
2019
LAND
$131,684
$120,651
$119,500
$121,970
($70,000)
($18,539,500)
(313)
(-12.00%)
$119,045
2015
2016
2017
2018
2019 2018 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 2015
335
363 378 403
889
2016
135
1078
ACTIVE listings 2015
117
1267
2016
376
UNITS sold
1010
2017
949
148
2017
2018
924
152
2018
879
2019
920
2019
853
176
948
2019 closed RESIDENTIAL transactions by price point
Under $199,000
22%
$200,000 - $399,000
44%
$400,000 - $599,000
20%
$600,000 - $799,000
5%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$175,808,867
$177,972,660
2018
2019
IN LAKE COUNTY $121,429,352
2015
2016
$129,617,359
2017
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.
$134,857,556
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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$430,897,995 $415,484,533
$411,837,935
$404,681,290 $391,925,297
2015
2016
2017
MEDIAN SALES PRICE
AVERAGE SALES PRICE
2018
TOTAL SALES VOLUME
2019
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
168
-8.00%
285
-10.00%
RESIDENTIAL
$256,685
$236,912
$233,718
$221,750 ($190,000)
$210,764
$76,492,265 ($68,941,376)
(183)
(-9.00%)
$201,135
2015
2016
2017
2018
2019
LAND
$90,042
$87,364
$57,500
$84,030 $84,315
($65,000)
$15,598,267 ($14,327,699)
(233)
(-13.00%)
$82,397
2015
2016
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
LINCOLN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
ACTIVE listings 2015
130
LAND
629
2016
252
UNITS sold 2015
100
710
ACTIVE listings 2016
140
300
2017
735
164
2017
291
2018
755
164
2018
298
2019
692
908 842 951 996
2019
185
932
2019 closed RESIDENTIAL transactions by price point
Under $199,000
40%
$200,000 - $399,000
49%
$400,000 - $599,000
8%
$600,000 - $799,000
2%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
IN LINCOLN COUNTY
$92,090,532 $83,269,075 $75,107,346
$35,802,282
2015
2016
2017
2018
2019
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
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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
183
2015
189
2016
563
238 248
2018
589
2019
580
508
2016
86
531
ACTIVE listings 2015
68
600
2017
206
UNITS sold
487
2017
98
443
2018
114
453
2019
110
414
2019 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
40%
$400,000 - $599,000
27%
$600,000 - $799,000
10%
$800,000 - $999,000
7%
$1,000,000 - $1,499,000
8%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$140,474,872
$148,608,993
$90,550,941
2015
$96,496,009
2016
$103,043,525
2017
2018
2019
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 $521,381 $443,998
$449,513
$136,754
$134,163
2015
2016
$518,732
$447,339
$111,141
2017
$143,738
2018
$181,485
2019
MEDIAN sales price $384,000 $325,000
$90,750
2015
$383,750
$342,500 $315,000 $111,750 $69,500
$78,000
$80,000
2016
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
188
384
(159) DAYS
(445) 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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
206
413
2016
187
336
2018
203
2019
233
102 84
377
340
2016
78
391
ACTIVE listings 2015
83
362
2017
216
UNITS sold
292
2017
263
2018
258
2019
76
233
2019 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
64%
$400,000 - $599,000
23%
$600,000 - $799,000
7%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$90,826,422 $81,583,661
$62,101,377
2015
$74,634,614
$56,535,255
2016
2017
2018
2019
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 $322,256 $257,780
$339,852
$320,376
$253,472
$153,169 $117,416
$108,418
$114,266
$117,128
2015
2016
2017
2018
2019
MEDIAN sales price $276,500 $225,000
$310,000
$280,000
$225,500 $106,000
$79,000
$70,000
2015
2016
$80,750
$83,500
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
112
201
(110) DAYS
(232) 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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
852
2015
865
2016
935
2017
933
2018
1627
2019
1617
996
ACTIVE listings
204
2015
1563
201
2016
1567
197
2017
1646
1101 888 794
2018
203
748
2019
213
699
2019 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
67%
$400,000 - $599,000
21%
$600,000 - $799,000
4%
$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
$371,291,152
$231,603,044
2015
$299,841,275
$328,047,693
$252,309,203
2016
2017
2018
2019
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
$343,443
$319,942 $294,228 $244,252 $115,197
2015
$262,937 $123,725
$125,575
2016
2017
$145,527
$137,191
2018
2019
MEDIAN sales price $299,900 $275,000 $250,000 $213,000
$227,500 $85,500
$63,500
2015
$95,000
$95,500
2018
2019
$74,900
2016
2017
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
112
201
(110) DAYS
(232) 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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
90
2015
87
2016
89
2017
299 262 238
2018
75
2015
39
2016
257
2017
256
296
2018
52
261
ACTIVE listings
40
36
223
2019
119
UNITS sold
275
2019
63
283
2019 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
50%
$400,000 - $599,000
29%
$600,000 - $799,000
6%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
6%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
$71,513,136
IN LAKESIDE/SOMERS $43,680,931
$46,286,103
$41,934,525 $35,947,646
2015
2016
2017
2018
2019
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
$518,393
$427,218
$419,411
$511,247
$359,547 $148,349
2015
$119,669
$108,671
2016
2017
$152,742
$155,943
2018
2019
MEDIAN sales price
$388,000
$352,000 $305,080 $274,000
$275,000
$85,000
$85,000
2015
2016
$104,500
2017
$78,750
$85,000
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
161
308
(195) DAYS
(471) 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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
159
610
2016
174
167 179
2018
370
2019
368
528
2016
52
414
ACTIVE listings 2015
48
487
2017
183
UNITS sold
572
2017
73
512
2018
63
465
2019
82
414
2019 closed RESIDENTIAL transactions by price point
Under $199,000
16%
$200,000 - $399,000
55%
$400,000 - $599,000
17%
$600,000 - $799,000
6%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$72,944,534
IN POLSON
$57,316,967
2015
2016
$61,263,314
2017
$58,876,392
2018
2019
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.
$56,703,034
POLSON
real estate trends Residential
Land
AVERAGE sales price
$366,758
$315,130
$137,445
2015
$312,179
$291,078
$287,517
$128,257
$118,461
2016
2017
$88,962 $107,024
2018
2019
MEDIAN sales price $249,700 $225,000 $66,875
$238,000
$256,000
$59,500
$55,000
2017
2018
$40,875
$67,500
2015
2016
$305,000
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
154
249
(152) DAYS
(327) 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 1/1/2015 - 12/31/2015 through 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
304
865
2016
321 390
2017
375
2018
896 831
2015
638
126
2016
644
2017
624
2018
197
910
ACTIVE listings
124
173
858
2019
440
UNITS sold
619
2019
182
519
2019 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
29%
$400,000 - $599,000
31%
$600,000 - $799,000
13%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
9%
$1,500,000 - $1,999,000
6%
$2,000,000 and up
6%
TOTAL GROSS* sales volume
$317,234,975
$227,430,303 $198,709,194
$169,025,819
2015
2016
2017
2018
2019
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.
$254,480,181
IN WHITEFISH
WHITEFISH
real estate trends Residential
Land
AVERAGE sales price
$611,019
$472,227
$501,331
$551,989 $487,789
$299,857 $214,985
$205,394
2015
2016
2017
$241,037
2018
$265,860
2019
MEDIAN sales price $431,000 $385,000 $320,750
$130,500
2015
$330,000
$149,450
2016
$340,000
$125,000
2017
$142,000
2018
$170,000
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
164
225
(156) DAYS
(297) 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.