FIRST HALF 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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
HISTORICAL active listing volume Residential and Land only. $2,231,486,864 $2,196,439,159 $2,167,226,009 $2,156,831,037 $2,098,196,420
2016
2017
MEDIAN SALES PRICE
RESIDENTIAL
AVERAGE SALES PRICE $416,700
2018
2019
TOTAL SALES VOLUME
2020
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$426,130
$371,196
$334,775
$335,000
$398,005,801
138
-4.00%
($370,029,780)
(139)
$116,000
$62,227,136
261
-8.00%
($325,000)
(-5.00%)
$308,627
2016
2017
2018
2019
2020
LAND
$182,484
$165,689
$163,413
$170,308
($120,000)
($55,861,170)
(275)
(-8.00%)
$140,612
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
FLATHEAD COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
LAND
RESIDENTIAL UNITS sold
ACTIVE listings 2016
742
2,579
2017
828
2019
888
2020
934
2,255
2,105
2018
353
2,552
2,214
2017
284
2,462
ACTIVE listings 2016
275
2,482
2018
841
UNITS sold
328
2019
341
2020
1,916 1,786 1,500
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
59%
$400,000 - $599,000
20%
$600,000 - $799,000
7%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
$460,232,937
TOTAL GROSS* sales volume
$425,890,950 $369,861,663
$317,128,217 $274,566,028
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 FLATHEAD COUNTY
LAKE COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
HISTORICAL active listing volume Residential and Land only.
$662,763,352 $639,004,835
$588,531,570
$610,450,385
$541,314,185 2016
2017
2018
MEDIAN SALES PRICE
AVERAGE SALES PRICE
2019
TOTAL SALES VOLUME
2020
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
183
-6.00%
395
-13.00%
RESIDENTIAL
$424,131
$358,682
$291,750
$356,747
$318,370
($255,000)
$78,888,439 ($54,582,291)
(200)
(-8.00%)
$284,597
2016
2017
2018
2019
2020
LAND
$161,937
$82,000
$134,065
($63,000)
$119,399 $116,412
2016
$15,060,150 ($6,310,022)
(337)
(-15.00%)
$114,727
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
LAKE COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND UNITS sold
ACTIVE listings 2016
179 159
2017
153
2018
153
2019
780 649
2017
76
2018
55
566
2016
79
622
2020
186
63
822
ACTIVE listings 798 737 695
2019
633
2020
93
611
2020 closed RESIDENTIAL transactions by price point
Under $199,000
27%
$200,000 - $399,000
49%
$400,000 - $599,000
14%
$600,000 - $799,000
3%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
3%
TOTAL GROSS* sales volume
$93,948,589
$65,067,389
$64,322,246
$60,892,316
$54,683,626
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 LAKE COUNTY
LINCOLN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
HISTORICAL active listing volume Residential and Land only.
$328,843,350
$317,185,093 $310,428,888 $306,266,240 $301,848,841 2016
2017
MEDIAN SALES PRICE
AVERAGE SALES PRICE
RESIDENTIAL
2018
2019
TOTAL SALES VOLUME
2020
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
199
-8.00%
300
-12.00%
$275,306
$235,966
$275,306
$234,775
($205,900)
$206,248
$33,312,059 ($28,877,392)
(184)
(-10.00%)
$190,555
2016
2017
2018
2019
2020
LAND
$117,460
$67,500
$90,532
$73,909
($62,500)
$78,193
$11,041,235 ($6,337,300)
(264)
(-12.00%)
$66,943
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
LINCOLN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
2016
92
123
2019
121
2020
77
543
2018
115
50
535
2017
132
UNITS sold
ACTIVE listings
85
522
70
506
2016
687
2017
759
2018
774
2019
774
2020
94
403
ACTIVE listings
622
2020 closed RESIDENTIAL transactions by price point
Under $199,000
42%
$200,000 - $399,000
45%
$400,000 - $599,000
5%
$600,000 - $799,000
6%
$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
$44,353,294
IN LINCOLN COUNTY
$35,214,692
$22,322,044
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.
$30,844,329
$33,782,599
BIGFORK
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
66
419
2017
72
58
406
2020
104
48
399
2019
90
33
390
2018
98
UNITS sold
45
315
49
ACTIVE listings 2016
399
2017
365
2018
361
2019
323
2020
288
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
55%
$400,000 - $599,000
17%
$600,000 - $799,000
10%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$66,340,412 $53,496,126
$35,387,804
2016
$50,379,370
$34,696,980
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 $453,686
$421,625
$164,984
$555,490
$462,376
$483,355
$141,089
$152,831
$174,886
2018
2019
2020
$90,415
2016
2017
MEDIAN sales price $357,250
$372,500
$357,250
$71,000
$74,500
$90,000
$115,000
2017
2018
2019
2020
$342,375
$319,750
$95,000
2016
AVERAGE days on the market 2019 percentages in parenthesis.
homes
land
203
386
(199) DAYS
(384) DAYS
PUREWESTREALESTATE.COM
COLUMBIA FALLS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
83
237
2017
94
192
2018
84
39
157
ACTIVE listings 2016
237
2017 46
169
2020
88
43 97
186
2019
105
UNITS sold
49
192
2018
186
2019
169
2020
157
2020 closed RESIDENTIAL transactions by price point
Under $199,000
10%
$200,000 - $399,000
63%
$400,000 - $599,000
18%
$600,000 - $799,000
7%
$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
$41,215,198
IN COLUMBIA FALLS
$33,899,979
2017
2018
$36,765,071
$24,154,354
2016
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.
$33,854,757
COLUMBIA FALLS
real estate trends Residential
Land
AVERAGE sales price $306,178
$338,812
$342,440
$349,591
$230,774 $116,282
$123,756
$118,254
$134,844
$122,470
2016
2017
2018
2019
2020
MEDIAN sales price $291,250
$296,000
$85,000
$81,250
2017
2018
$302,500
$304,950
$98,000
$113,000
2019
2020
$199,500
$70,000
2016
AVERAGE days on the market 2019 percentages in parenthesis.
homes
land
131
213
(125) DAYS
(189) DAYS
PUREWESTREALESTATE.COM
KALISPELL
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
406
1019
2017
423 436
2018
425
2019
1043 1049 1029
2020
483
UNITS sold 105
2016
98
2017
110 100
1010
ACTIVE listings
114
689 643
2018
515
2019
528
2020
492
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
69%
$400,000 - $599,000
19%
$600,000 - $799,000
4%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$192,286,286
$118,684,916
2016
$149,800,404
$155,513,697
$127,977,110
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 $255,451
$275,286
$308,253
$140,017 $142,588
$117,661
2016
2017
2018
$331,719
$145,329
$149,911
2019
2020
MEDIAN sales price $222,700
$241,000
$265,000
$362,726
$295,000
$319,000
$70,000
$76,000
$90,000
$97,500
$99,000
2016
2017
2018
2019
2020
AVERAGE days on the market 2019 percentages in parenthesis.
homes
land
118
216
(113) DAYS
(265) DAYS
PUREWESTREALESTATE.COM
LAKESIDE/SOMERS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
34
2016
28
2017
45
2019
38
2020
12
194 173
2018
35
UNITS sold 19
157
23 32
190 147
23
ACTIVE listings 2016
206
2017
214
2018
207
2019
220
2020
186
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
53%
$400,000 - $599,000
13%
$600,000 - $799,000
16%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
3%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$26,452,306 $22,257,250
IN LAKESIDE/SOMERS
$13,591,346
2016
$14,788,922
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.
$17,695,100
LAKESIDE/SOMERS
real estate trends Residential
Land
AVERAGE sales price $455,792 $365,848
$416,446
$96,042
$106,671
$135,630
2016
2017
2018
$467,329
$499,775
$169,453
$141,991
2019
2020
MEDIAN sales price $348,636 $281,250
$56,500
2016
$367,000
$372,000
$312,000
$80,000
$75,000
$95,000
$99,000
2017
2018
2019
2020
AVERAGE days on the market 2019 percentages in parenthesis.
homes
land
168
401
(114) DAYS
(278) DAYS
PUREWESTREALESTATE.COM
POLSON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
LAND
RESIDENTIAL UNITS sold
ACTIVE listings
82
2016
77
2017
74
2018
75
2019
263 253
27
2018
28
2019
387 364 314
2020
38
236
453
2017
38
293
ACTIVE listings 2016
19
377
2020
90
UNITS sold
299
2020 closed RESIDENTIAL transactions by price point
Under $199,000
18%
$200,000 - $399,000
58%
$400,000 - $599,000
16%
$600,000 - $799,000
2%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
3%
TOTAL GROSS* sales volume
$43,518,603
$24,794,193
$24,168,921
2016
2017
$26,023,500
2018
$29,000,709
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 POLSON
POLSON
real estate trends Residential
Land
AVERAGE sales price
$420,738
$305,641
$282,442
$264,372
$85,994
$100,322
$126,148
2016
2017
2018
$352,186
$148,741 $92,384
2019
2020
MEDIAN sales price $222,500
$53,500
2016
$239,500
$36,500
2017
$238,000
$65,000
2018
$322,500
$275,000
$37,500
$51,000
2019
2020
AVERAGE days on the market 2019 percentages in parenthesis.
homes
land
169
363
(183) DAYS
(344) DAYS
PUREWESTREALESTATE.COM
WHITEFISH
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
135 175 161
637
2017
565
2018
560
2019
194
63 73
625
2020
196
UNITS sold
563
ACTIVE listings 2016
493
2017
489
96
2018
89
2019
86
2020
440 385 302
2020 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
41%
$400,000 - $599,000
25%
$600,000 - $799,000
12%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
10%
$1,500,000 - $1,999,000
3%
$2,000,000 and up
2%
TOTAL GROSS* sales volume $100,404,295
$140,878,325
2019
2020
$106,975,724
$79,990,760
2016
2017
2018
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 WHITEFISH
$142,121,146
WHITEFISH
real estate trends Residential
Land
AVERAGE sales price $622,822
$465,560
$272,064
2016
$478,957
$593,433
$517,551
$227,215
$246,353
$239,253
2017
2018
2019
$285,644
2020
MEDIAN sales price $447,725 $316,300
$347,000
$375,000
$135,000
$140,000
$143,250
2016
2017
2018
$418,750
$170,000
$170,000
2019
2020
AVERAGE days on the market 2019 percentages in parenthesis.
homes
land
164
266
(178) DAYS
(242) 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.