First Half 2023 Northwest Market Trends

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FIRST HALF 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 - first half 2023

PRICE 721 902 1191 934 888

$995,244,164 $921,801,659 $652,341,773 2023 2022 2021 2020 2019

sales price

$170,308 $182,484 $323,030 $483,170 $401,798 $120,000 $116,000 $189,750 $315,000 $270,000 $416,700 $426,130 $668,562 $859,409 $792,761 $325,000 $335,000 $478,000 $625,000 $595,000 11.82% 23.86% 35.68% 21.26% 3.36% 4.01% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY
POINT AVERAGE DAYS ON MARKET 128 days 2022: 112 days RESIDENTIAL units sold MEDIAN AVERAGE MEDIAN AVERAGE 184 days 2022: 147 days *Residential and Land only. 2019 2020 2021 2022 2023 RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 AVERAGE & MEDIAN
TOTAL GROSS* sales volume IN FLATHEAD COUNTY $425,890,950 $460,232,937 AVERAGE DAYS ON MARKET Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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.

TOTAL GROSS* sales volume IN

$356,747 $424,131 $615,155 $758,794 $863,288 $255,000 $291,750 $449,500 $525,000 $489,000 $114,727 $161,937 $177,528 $281,604 $254,589 $63,000 $82,000 $94,000 $149,951 $144,750
LAKE COUNTY 2023 closed RESIDENTIAL transactions BY
RESIDENTIAL units sold $60,892,316 $93,948,589 $183,254,342 $169,177,311 $115,261,744
AVERAGE DAYS ON MARKET 97 days 2022: 96 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 180 days 2022: 220 days AVERAGE & MEDIAN sales price RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 *Residential and Land only. Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 117 170 222 186 153 2023 2022 2021 2020 2019 27.75% 31.79% 26.01% 8.09% 4.62% 1.73% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
PRICE POINT
LAKE COUNTY sold properties - first half 2023

$123,431,005 $119,129,617

2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold LINCOLN COUNTY sold properties - first half 2023 AVERAGE DAYS ON MARKET 126 days 2022: 127 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 206 days 2022: 227 days *Residential and Land only. RESIDENTIAL LAND AVERAGE & MEDIAN sales price 101 164 227 121 123 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019 50.79% 25.65% 15.18% 7.85% 0.52% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 +

$90,532 $117,460 $134,628 $187,195 $195,011 $62,500 $67,500 $93,000 $146,000 $159,500 $234,775 $275,306 $390,142 $515,235 $433,769 $209,500 $243,000 $310,000 $427,500 $352,000 $35,214,692
$44,353,294 $61,361,660
TOTAL GROSS* sales volume IN LINCOLN COUNTY

sold properties - first half 2023

BIGFORK

123

$127,669,127 $115,490,469 $76,647,244

$152,831 $174,886 $263,950 $348,938 $457,494 $90,000 $115,000 $150,000 $290,327 $322,500 $483,355 $555,490 $858,823 $1,309,485 $1,085,910 $372,500 $357,250 $605,000 $849,813 $700,000 17.28% 16.05% 32.10% 25.93% 6.17% 2.47% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 63 75 117 104 90
BIGFORK
AVERAGE DAYS ON MARKET 105 days 2022: 93 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 130 days 2022:
TOTAL GROSS* sales volume IN days
$50,379,370 $66,340,412
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
AVERAGE & MEDIAN sales price

TOTAL GROSS* sales volume IN COLUMBIA FALLS

$36,765,071

$134,844 $122,470 $262,084 $446,190 $285,607 $98,000 $113,000 $162,000 $263,542 $277,002 $342,440 $349,591 $606,363 $702,040 $678,958 $302,500 $304,950 $488,000 $630,972 $622,500 14.71% 24.51% 36.27% 22.55% 1.96% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 +
$41,215,198
$81,234,520 $84,208,171 $51,773,559
closed RESIDENTIAL transactions
COLUMBIA FALLS sold properties - first half 2023 AVERAGE DAYS ON MARKET 116 days 2022: 90 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 149 days 2022: 152 days RESIDENTIAL LAND AVERAGE & MEDIAN sales price *Residential and Land only. RESIDENTIAL units sold 78 99 102 88 105 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
2023
BY PRICE POINT

TOTAL GROSS* sales volume IN KALISPELL

$155,513,697 $192,286,286

$323,465,062 $339,512,328 $254,061,186

$145,329 $149,911 $248,753 $395,730 $371,061 $97,500 $99,000 $162,500 $283,325 $197,500 $331,719 $362,726 $479,422 $654,094 $620,161 $295,000 $319,000 $399,000 $542,958 $532,000 13.15% 28.12% 41.72% 13.83% 1.81% 1.36% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold KALISPELL sold properties - first half 2023 AVERAGE DAYS ON MARKET 110 days 2022: 109 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 211 days 2022: 154 days *Residential and Land only.
MEDIAN
RESIDENTIAL LAND 363 441 587 483 425 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
AVERAGE &
sales price

TOTAL GROSS* sales volume IN LAKESIDE | SOMERS

$26,452,306 $22,257,250

$74,440,706 $46,696,460 $38,496,450

$169,453 $141,991 $271,940 $710,110 $285,969 $95,000 $99,000 $162,500 $662,590 $280,000 $467,329 $499,775 $797,429 $966,285 $1,169,688 $367,000 $372,000 $582,677 $924,688 $850,000 17.78% 11.11% 33.33% 24.44% 8.89% 4.44% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
closed RESIDENTIAL transactions
RESIDENTIAL units sold LAKESIDE | SOMERS
AVERAGE DAYS ON MARKET 139 days 2022: 103 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 94 days 2022: 78 days *Residential and Land only. RESIDENTIAL LAND AVERAGE & MEDIAN sales price 29 37 63 38 45 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
2023
BY
sold properties - first half 2023

TOTAL GROSS* sales volume IN POLSON

$29,000,709 $43,518,603

$62,555,060 $63,492,590 $54,076,949

$92,384 $148,741 $106,879 $240,780 $156,533 $37,500 $51,000 $69,750 $150,375 $112,500 $352,186 $420,738 $525,134 $615,403 $1,007,774 $275,000 $322,500 $395,000 $505,300 $501,000 32.91% 29.11% 29.11% 6.33% 0.00% 2.53% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold POLSON sold properties - first half 2023 AVERAGE DAYS ON MARKET 99 days 2022: 100 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 201 days 2022: 155 days *Residential and Land only. AVERAGE & MEDIAN sales price RESIDENTIAL LAND 49 77 89 90 75 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019

TOTAL GROSS* sales volume IN WHITEFISH

$142,121,146 $140,878,325

$395,365,311 $326,158,641 $231,355,820

$239,253 $285,644 $592,567 $735,229 $675,229 $170,000 $170,000 $367,500 $524,000 $428,750 $622,822 $593,433 $1,015,679 $1,254,991 $1,300,293 $447,725 $418,750 $630,490 $824,167 $899,000 2.49% 17.91% 24.88% 33.83% 10.95% 9.95% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY
WHITEFISH sold properties - first half 2023 AVERAGE DAYS ON MARKET 168 days 2022: 143 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 188 days 2022: 140 days *Residential and Land only. RESIDENTIAL LAND AVERAGE & MEDIAN sales price RESIDENTIAL units sold 153 221 307 196 194 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
PRICE POINT

NORTHWEST LOCATIONS

BIGFORK

420 Electric Avenue

Bigfork, MT 59911

406.837.7050

COLUMBIA FALLS

494 St. Andrews Drive

Columbia Falls, MT 59912

406.892.2801

KALISPELL

17 1st Avenue East

Kalispell, MT 59901

406.751.5600

KALISPELL | COMMERCIAL

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

PUREWESTREALESTATE.COM

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