ANNUAL MARKET TRENDS 2019 · 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 THREE 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 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$2,144,314,655
$1,979,163,654
$1,949,163,920
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$395,000
$1,155,938,604 ($1,091,776,072)
(69)
59
-3.00%
$155,000
$146,771,633
205
-7.00%
$494,202 $462,813
$421,763
2017
($369,900)
2018
(-3.00%)
2019
LAND
$318,377
$240,056
($149,000)
($123,628,815)
(201)
(-5.00%)
$212,094
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
2404
2017
2881
2359
2018
2796
2339
2019
723 515
2954
461
ACTIVE listings 2017
900
2018
885
2019
717
2019 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
48%
$400,000 - $599,000
31%
$600,000 - $799,000
9%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
IN GALLATIN COUNTY
$1,302,710,237 $1,215,404,887
2017
2018
2019
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
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE 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 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$460,700,838
$418,378,422
$378,690,701 2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$390,000
$222,324,565
145
-6.00%
$70,500
$46,977,799
274
-9.00%
$868,455
$715,047
($373,500)
($187,342,343)
(152)
(-6.00%)
$529,083
2017
2018
2019
$206,054
LAND
$209,722
($65,000)
($34,411,100)
(279)
(-13.00%)
$182,135
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold 198
LAND
ACTIVE listings 2017
262
2018
256
2019
UNITS sold
358
127
335
167
377
224
ACTIVE listings 2017 2018 2019
328 386 339
2019 closed RESIDENTIAL transactions by price point
Under $199,000
18%
$200,000 - $399,000
30%
$400,000 - $599,000
14%
$600,000 - $799,000
7%
$800,000 - $999,000
7%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
7%
$2,000,000 and up
12%
TOTAL GROSS* sales volume
$221,753,443 *Residential and Land only.
IN MADISON COUNTY
$269,302,364
$127,889,612
2017
2018
2019
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 THREE 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 1/1/2019 - 12/31/2019.
HISTORICAL active listing volume Residential and Land only.
$250,505,537
$244,568,193
$237,938,399
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$310,000
$110,443,212 ($101,976,039)
(77)
97
-6.00%
$120,000
$18,932,876
333
-7.00%
$401,612
$352,858
($293,500)
(-6.00%)
$327,702
2017
2018
2019
LAND
$212,729
$119,727
2017
($96,000)
$129,610
2018
($16,978,850)
(325)
(-11.00%)
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold 300 289 275
LAND
ACTIVE listings
UNITS sold
2017
377
2018
376
2019
2017
153
208
2018
131
403
ACTIVE listings
89
2019
187 147
2019 closed RESIDENTIAL transactions by price point
Under $199,000
11%
$200,000 - $399,000
61%
$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 IN PARK COUNTY
$116,628,752
$118,954,889
2018
2019
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.
2017
$129,376,088
BELGRADE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE 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 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
ACTIVE listings
480
2017
464
2018
553
LAND UNITS sold
543
75
574
2019
68
681
82
ACTIVE listings 2017 2018 2019
116 134 114
2019 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
80%
$400,000 - $599,000
13%
$600,000 - $799,000
2%
$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%
25% (29%)
TOTAL GROSS* sales volume
$228,154,906
IN BELGRADE
2017
2018
2019
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.
$168,724,108 $152,454,645
BELGRADE
real estate trends Residential
Land
AVERAGE sales price
$359,758
$329,662 $290,344
$356,207 $231,775
$174,526
2017
2018
2019
MEDIAN sales price
$320,000
$290,000
$268,950
$147,000 $87,500
$113,750
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
47
94
(41) DAYS
(207) DAYS PUREWESTREALESTATE.COM
BIG SKY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE 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 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
269
301
2019
263
90
354
ACTIVE listings 2017
102
360
2018
284
UNITS sold
97
2018 2019
134 149 131
2019 closed RESIDENTIAL transactions by price point
Under $199,000
10%
$200,000 - $399,000
17%
$400,000 - $599,000
17%
$600,000 - $799,000
11%
$800,000 - $999,000
12%
$1,000,000 - $1,499,000
8%
$1,500,000 - $1,999,000
8%
$2,000,000 and up
16%
25% (29%)
TOTAL GROSS* sales volume IN BIG SKY
$354,053,029
2017
$319,005,669
2018
2019
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
BIG SKY
real estate trends Residential
Land
AVERAGE sales price
$1,118,632
$994,654 $800,985 $617,040
$623,888 $514,896
2017
2018
2019
MEDIAN sales price
$699,000
$685,000
$415,000 $335,750 $515,000 $258,750
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
114
288
(146) DAYS
(385) DAYS
PUREWESTREALESTATE.COM
BOZEMAN
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE 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 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1537
2017
1833
1548
2018
1801
1477
2019
2017
405
454
2018
289
1856
ACTIVE listings
2019
237
483 385
2019 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
42%
$400,000 - $599,000
37%
$600,000 - $799,000
12%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
25% (29%)
TOTAL GROSS* sales volume IN BOZEMAN
$728,062,591
$822,147,175
2018
2019
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.
2017
$805,016,758
BOZEMAN
real estate trends Residential
Land
AVERAGE sales price $506,696
$473,657
$429,993
$311,212 $248,427 $165,835
2017
2018
2019
MEDIAN sales price $421,000
$399,640
$357,000
$160,000
$165,000
2018
2019
$108,500
2017
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
61
190
(69) DAYS
(154) DAYS
PUREWESTREALESTATE.COM
ENNIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE 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 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
65
77
2019
60
57
101
2018
55
UNITS sold 82
86
100
ACTIVE listings 2017
152
2018 2019
181 127
2019 closed RESIDENTIAL transactions by price point
Under $199,000
7%
$200,000 - $399,000
53%
$400,000 - $599,000
27%
$600,000 - $799,000
5%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
3%
TOTAL GROSS* sales volume
$35,613,000
IN ENNIS
2017
$24,827,624
2018
2019
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
ENNIS
real estate trends Residential
Land
AVERAGE sales price
$486,268
$335,002
$275,268
$64,369 $78,079
$78,788
2017
2018
2019
MEDIAN sales price $349,200 $290,000 $245,000 $55,000
$48,750
$50,450
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
141
269
(120) DAYS
(321) DAYS
PUREWESTREALESTATE.COM
LIVINGSTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST THREE 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 1/1/2019 - 12/31/2019.
RESIDENTIAL UNITS sold 258 245 231
LAND UNITS sold
ACTIVE listings 2017
312
2018
300
2019
121 81 60
333
ACTIVE listings 2017
126
2018
125
2019
95
2019 closed RESIDENTIAL transactions by price point
Under $199,000
10%
$200,000 - $399,000
66%
$400,000 - $599,000
16%
$600,000 - $799,000
5%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
0%
25% (29%)
TOTAL GROSS* sales volume IN LIVINGSTON
$91,438,374
2017
2018
$98,035,389
2019
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 $368,956 $335,852
$307,758
$213,443 $113,021
$104,953
2017
2018
2019
MEDIAN sales price $281,000
$251,500
$68,000
2017
$300,000
$90,000
$102,500
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
84
347
(72) DAYS
(300) 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.