FIRST HALF MARKET TRENDS 2020 · 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 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 FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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.
$1,816,566,914
$1,427,550,619 $1,092,428,264
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
$1,186,581,496
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$395,950
$544,007,395 ($508,766,744)
(77)
66
-3.00%
$168,800
$52,487,984
219
-7.00%
$509,848 $483,159
($389,900)
$441,686
(-3.00%)
$417,471
2017
2018
2019
2020
LAND
$298,081
$258,561
$219,969
($142,900)
($73,625,890)
(185)
(-7.00%)
$165,589
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017 2018 2019 2020
1,092 1,117 1,053 1,067
UNITS sold
1,668
413
1,572
276
1,611
247
1,605
203
ACTIVE listings 2017 2018 2019
411 469 404
2020
332
2020 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
50%
$400,000 - $599,000
27%
$600,000 - $799,000
10%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
IN GALLATIN COUNTY
$582,392,634
$596,486,379
$553,480,295 $524,266,845
2018
2019
2020
The foregoing information was obtained from the Big Sky 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
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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.
$325,813,196
$259,902,641 $211,222,723
$174,047,319
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$458,999
$99,745,136 ($124,200,551)
(176)
91
-6.00%
$75,000
$26,012,032
344
-9.00%
$1,120,732 $970,317
$759,515
($473,500)
(-6.00%)
$479,083
2017
2018
2019
2020
$298,989
LAND
$253,302
($58,000)
$201,398
($20,743,950)
(291)
(-10.00%)
$158,664
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017 2018 2019 2020
76 135 128 89
UNITS sold
178
60
224
84
245
103
185
87
ACTIVE listings 2017 2018 2019
206 246 175
2020
184
2020 closed RESIDENTIAL transactions by price point
Under $199,000
13%
$200,000 - $399,000
28%
$400,000 - $599,000
13%
$600,000 - $799,000
6%
$800,000 - $999,000
7%
$1,000,000 - $1,499,000
6%
$1,500,000 - $1,999,000
9%
$2,000,000 and up
18%
TOTAL GROSS* sales volume
$144,944,501 $125,757,168
$123,811,967
IN MADISON COUNTY *Residential and Land only.
$45,930,110
2017
2018
2019
2020
The foregoing information was obtained from the Big Sky 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 FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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.
$172,518,737
$151,965,550 $135,940,544 $119,503,738
2017
2018
AVERAGE SALES PRICE
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$325,000
$47,517,357 ($38,598,900)
(96)
82
-5.00%
$110,250
$5,418,500
271
-6.00%
RESIDENTIAL
$386,320 $378,421
($289,500)
(-6.00%)
$312,393 $311,634
2017
2018
2019
2020
LAND
$224,470
$125,783 $135,463
($115,000)
($11,447,977)
(375)
(-6.00%)
$109,661
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017 2018 2019 2020
135 115 102 123
UNITS sold
213
59
233
57
229
51
202
40
ACTIVE listings 2017 2018 2019 2020
151 137 86 59
2020 closed RESIDENTIAL transactions by price point
Under $199,000
9%
$200,000 - $399,000
59%
$400,000 - $599,000
26%
$600,000 - $799,000
2%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
0%
TOTAL GROSS* sales volume IN PARK COUNTY
$50,046,877
$49,594,266
$52,935,857
2017
2018
2019
2020
The foregoing information was obtained from the Big Sky 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.
$42,088,538
BELGRADE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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 2017 2018 2019 2020
222 224 242 292
UNITS sold
299
2017 2018
42
329
37
358
20
335
ACTIVE listings
39
60 73
2019 2020
82 40
2020 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
83%
$400,000 - $599,000
13%
$600,000 - $799,000
2%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
25% (29%)
$102,128,670
IN BELGRADE
$108,514,609
$71,920,276
2017
2018
2019
2020
The foregoing information was obtained from the Big Sky 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.
$81,094,647
BELGRADE
real estate trends Residential
Land
AVERAGE sales price $422,833
$292,219
$348,754
$318,213 $353,877
$333,920 $265,266
$167,802
2017
2018
2019
2020
MEDIAN sales price $261,950
$287,450
$320,000
$320,000
$116,000 $146,500
$150,000 $70,000
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
54
125
(62) DAYS
(123) DAYS
PUREWESTREALESTATE.COM
BIG SKY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS database for the date ranges of 1/1/2019 - 6/30/2019 and 1/1/2020 - 6/30/2020 and does not include Yellowstone Club, Fractional, or Forest Service Lease sales.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017 2018 2019 2020
122 144 137 93
UNITS sold
179
2017 2018
53
161
49 189
41
188
ACTIVE listings
30
63 72
2019 2020
71 53
2020 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
19%
$400,000 - $599,000
14%
$600,000 - $799,000
4%
$800,000 - $999,000
11%
$1,000,000 - $1,499,000
9%
$1,500,000 - $1,999,000
13%
$2,000,000 and up
26%
TOTAL GROSS* sales volume IN BIG SKY
25% (29%)
$186,247,090 $164,362,496
$158,513,123
2017
2018
2019
2020
The foregoing information was obtained from the Big Sky 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.
$116,789,562
BIG SKY
real estate trends Residential
Land
AVERAGE sales price
$1,502,067
$1,145,027 $795,540
$920,928 $822,342
$716,546 $372,333
$528,562
2017
2018
2019
2020
MEDIAN sales price $935,000 $760,000 $925,000
$582,500 $489,225 $200,000
$350,000
2017
2018
$430,000
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
157
223
(133) DAYS
(256) DAYS
PUREWESTREALESTATE.COM
BOZEMAN
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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 2017 2018 2019 2020
691 727 660 664
UNITS sold
1,079
2017 2018
239
1,006
151
1,033
160 255
2019 2020
137
1,082
ACTIVE listings
139
204 198
2020 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
38%
$400,000 - $599,000
36%
$600,000 - $799,000
14%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
1%
25% (29%)
TOTAL GROSS* sales volume IN BOZEMAN
$363,099,975
2018
2019
$386,044,353
$323,765,548
2017
2020
The foregoing information was obtained from the Big Sky 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.
$370,699,312
BOZEMAN
real estate trends Residential
Land
AVERAGE sales price $419,683
$465,253
$214,971
$495,836
$527,893
$261,667
$255,562
2019
2020
$141,275
2017
2018
MEDIAN sales price $355,000
$97,755
$395,000
$414,950
$435,000
$132,900
$147,500
$169,400
2018
2019
2020
2017
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
65
205
(79) DAYS
(157) DAYS
PUREWESTREALESTATE.COM
ENNIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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 2017 2018 2019 2020
27 27 21 16
UNITS sold
58
29
56
40
54
53
39
30
ACTIVE listings 2017 2018
101 138
2019 2020
72 82
2020 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
56%
$400,000 - $599,000
25%
$600,000 - $799,000
13%
$800,000 - $999,000
6%
$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 ENNIS
$14,845,850
$11,948,924 $10,421,180
2017
2018
2019
2020
The foregoing information was obtained from the Big Sky 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.
$9,080,800
ENNIS
real estate trends Residential
Land
AVERAGE sales price $557,133
$451,769 $311,075 $237,307
$106,429
$88,748 $59,359
$92,190
2017
2018
2019
2020
MEDIAN sales price $381,000
$348,400 $238,000
$280,000
$46,250
$50,000
2018
2019
$96,250
$59,000
2017
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
113
336
(214) DAYS
(306) DAYS
PUREWESTREALESTATE.COM
LIVINGSTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FOUR YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky MLS 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 2017 2018 2019 2020
113 100 84 109
UNITS sold
166
48
184
38
183
39
167
31
ACTIVE listings 2017 2018
91 96
2019 2020
56 37
2020 closed RESIDENTIAL transactions by price point
Under $199,000
7%
$200,000 - $399,000
60%
$400,000 - $599,000
26%
$600,000 - $799,000
3%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
25% (29%)
TOTAL GROSS* sales volume IN LIVINGSTON
$47,369,107
$34,328,723
2017
2018
$34,340,977
2019
2020
The foregoing information was obtained from the Big Sky 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.
$39,755,471
LIVINGSTON
real estate trends Residential
Land
AVERAGE sales price $298,922
$129,712
$304,701
$397,237
$298,207
$238,246 $101,542 $131,298
2017
2018
2019
2020
MEDIAN sales price $253,950
$328,500
$265,000
$259,000
$79,150
$95,000
$90,000
2018
2019
2020
$52,500
2017
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
80
477
(84) DAYS
(378) DAYS
PUREWESTREALESTATE.COM
LOCATIONS Big Sky Town Center 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009 The Exchange (Formally the Mountain Mall)
Big Sky Resort (Seasonal) Big Sky, MT 59716
Bozeman 708 N. Rouse Avenue Bozeman, MT 59715 406.586.9418 Ennis 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200
WWW.PUREWESTREALESTATE.COM The foregoing information was obtained from the Big Sky MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.