FIRST HALF 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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only.
$2,360,790,979
$2,231,486,864
$2,167,226,009
2015
$2,196,439,159 $2,156,831,037
2016
2017
MEDIAN SALES PRICE
AVERAGE SALES PRICE
2018
TOTAL SALES VOLUME
2019
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
RESIDENTIAL
$416,700
$371,196
$298,490
2015
$325,000
$370,029,780
139
-5.00%
($ 312,176,653)
(137)
$120,000
$55,861,170
275
-8.00%
($295,000)
$334,775
(-4.00%)
$308,627
2016
2017
2018
2019 $170,308
LAND
$165,689
$163,413
($100,000)
$140,612
($57,685,010)
(350)
(-8.00%)
$131,941
2015
2016
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
FLATHEAD COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
ACTIVE listings
775
2015
1428
280
2015
742
2016
1382
275
2016
737
284
2017
723
828
2017
841
2018
1444 1392
2019
888
2018
353
826
783
621
2019
328
291
2019 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
57%
$400,000 - $599,000
23%
$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%
$425,890,950
TOTAL GROSS* sales volume
$369,861,663
$262,303,887
2015
$317,128,217
$274,566,028
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 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only.
$737,563,063
$662,763,352 $639,004,835
$610,450,385 $588,531,570 2015
2016
2017
MEDIAN SALES PRICE
AVERAGE SALES PRICE
2018
TOTAL SALES VOLUME
2019
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
RESIDENTIAL
$170,308 $165,689
$163,413
$255,000
$54,582,294
200
-7.00%
($ 54,878,389)
(206)
$63,000
$6,310,022
337
-11.00%
($270,000)
$140,612
(-8.00%)
$131,941
2015
2016
2017
2018
2019
LAND
$134,065
$116,412 $119,399 $114,727
($71,500)
($10,189,000)
(311)
(-15.00%)
$102,637
2015
2016
2017
2018
2019 2018 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
2015
149 179 159
UNITS sold
ACTIVE listings 376
2016
358
2017
348
153
2018
153
2019
2015
57
169
2016
178
79
2017
181
76
2018
63
304
ACTIVE listings
2019
55
142
145 51
2019 closed RESIDENTIAL transactions by price point
Under $199,000
26%
$200,000 - $399,000
45%
$400,000 - $599,000
19%
$600,000 - $799,000
5%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
2%
TOTAL GROSS* sales volume IN LAKE COUNTY
$65,067,389
$64,322,246
$60,892,316
$49,612,923
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.
$54,683,626
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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only.
$356,692,340
$328,843,350
$317,185,093
$310,428,888
$306,266,240 2015
2016
MEDIAN SALES PRICE
AVERAGE SALES PRICE
RESIDENTIAL
2017
2018
TOTAL SALES VOLUME
2019
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$235,966 $234,775
$204,359
$206,248
$205,900
$28,877,392
184
-1.00%
($ 27,136,150)
(259)
$62,500
$6,337,300
264
-12.00%
($200,000)
(-1.00%)
$190,555
2015
2016
2017
2018
2019
$90,532
LAND
$89,854
$73,909
$78,193
($58,300)
($6,646,449)
(209)
(-13.00%)
$66,943
2015
2016
2017
2018
2019 2018 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
2017
132
276
2018
115
2019
123
184
2018
164
2019
70
128
148
2017
77 85
225
133
2016
50
256
ACTIVE listings 2015
41
170
2016
92
UNITS sold
ACTIVE listings 2015
54
LAND
74
2019 closed RESIDENTIAL transactions by price point
Under $199,000
43%
$200,000 - $399,000
47%
$400,000 - $599,000
7%
$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
$33,782,599
$35,214,692
$30,844,329
IN LINCOLN COUNTY
$14,719,427
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.
$22,322,044
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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
77 66 72 98
195
2016
178
2017
183
2018
188
2019
90
UNITS sold 2015
27 33 48
113
2016
125
2017
123
2018
58
82
ACTIVE listings
2019
45
102 42
2019 closed RESIDENTIAL transactions by price point
Under $199,000
7%
$200,000 - $399,000
40%
$400,000 - $599,000
25%
$600,000 - $799,000
13%
$800,000 - $999,000
7%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
3%
$53,496,126
TOTAL GROSS* sales volume
$50,379,370
$37,847,185
2015
$35,387,804
2016
$34,696,980
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 $454,453
$453,686
$462,376
$483,355
$421,625
$164,984 $105,712
$141,089
$152,831
2018
2019
$90,415
2015
2016
2017
MEDIAN sales price $323,000
$342,375
$95,000 $70,000
2015
2016
$357,250
$372,500
$319,750
$71,000
$74,500
2017
2018
$90,000
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
199
384
(169) DAYS
(652) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
87
159
2016
83
2018
84
2019
105
92
2018
46
103
41
2017
97
152
109
2016
43
162
ACTIVE listings 2015
40
141
2017
94
UNITS sold
79
2019
39
39
2019 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
65%
$400,000 - $599,000
22%
$600,000 - $799,000
8%
$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
$41,215,198
$25,150,419
2015
$33,899,979
$24,154,354
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.
$33,854,757
IN COLUMBIA FALLS
COLUMBIA FALLS
real estate trends Residential
Land
AVERAGE sales price $306,178 $237,132
$342,440
$338,812
$230,774
$112,997
$116,282
2015
2016
$123,756
$118,254
2017
2018
$134,844
2019
MEDIAN sales price $291,250
$302,500
$296,000 $210,000
$199,500
$74,000
$70,000
2015
2016
$85,000
$81,250
2017
2018
$98,000
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
125
189
(121) DAYS
(227) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
393
2015
406
2016
UNITS sold 681 644
2015
111
699
436
2018
681
425
2019
240
2017
98
224
2018
110
414
270
2016
105
2017
423
ACTIVE listings
172
2019
100
87
2019 closed RESIDENTIAL transactions by price point
Under $199,000
7%
$200,000 - $399,000
66%
$400,000 - $599,000
21%
$600,000 - $799,000
4%
$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
$155,513,697
$127,977,110
$118,684,916
$105,757,147
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.
IN KALISPELL
$149,800,404
KALISPELL
real estate trends Residential
Land
AVERAGE sales price $308,253
$239,798
$255,451
$142,588
$331,719
$275,286 $140,017
$145,329
2018
2019
$117,661
$103,750
2015
2016
2017
MEDIAN sales price $295,000
$210,000
$58,000
2015
$222,700
$241,000
$70,000
$76,000
2016
2017
$265,000
$90,000
$97,500
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
113
265
(106) DAYS
(279) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
39
88
2016
34
2018
35
19
55
2019
45
12
72
63
2016
59
2017
58
2018
23
41
ACTIVE listings 2015
24
79
2017
28
UNITS sold
55
2019
32
28
2019 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
52%
$400,000 - $599,000
38%
$600,000 - $799,000
0%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
$26,452,306
IN LAKESIDE/SOMERS $17,695,100 $13,591,346
2015
2016
$14,788,922
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.
$20,753,610
TOTAL GROSS* sales volume
LAKESIDE/SOMERS
real estate trends Residential
Land
AVERAGE sales price $455,792
$425,985
$467,329
$416,446
$365,848 $172,508
2015
$96,042
$106,671
2016
2017
$135,630
2018
$169,453
2019
MEDIAN sales price $348,636
$367,000
$312,000 $255,000
$281,250
$56,500
$80,000
$75,000
2017
2018
$95,000
$77,500
2015
2016
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
114
278
(213) DAYS
(426) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
67 82 77
UNITS sold
177
2016
160
2017
160
74
2018
75
2019
18
2015
70
19
2016
68
2017
38
135 72
ACTIVE listings
27
2018
28
2019
88 65 26
2019 closed RESIDENTIAL transactions by price point
Under $199,000
18%
$200,000 - $399,000
52%
$400,000 - $599,000
19%
$600,000 - $799,000
6%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
2%
TOTAL GROSS* sales volume IN POLSON
$29,000,709 $26,023,500 $24,168,921
2016
2017
$21,946,784
2015
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.
$24,794,193
POLSON
real estate trends Residential
Land
AVERAGE sales price
$352,186
$294,893
$121,605
2015
$282,442
$305,641 $264,372
$85,994
$100,322
2016
2017
$126,148
2018
$92,384
2019
MEDIAN sales price $275,000 $221,000
$222,500
$60,000
$53,500
2015
2016
$239,500
$36,500
2017
$238,000
$65,000 $37,500
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
183
344
(193) DAYS
(302) 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2015
129
275
2016
135 175 161
55
312
2017
296
2018
287
2019
194
UNITS sold
178
63
ACTIVE listings 2015
167
2016
172
2017
73
194
2018
96
169
2019
89
80
2019 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
30%
$400,000 - $599,000
27%
$600,000 - $799,000
11%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
12%
$1,500,000 - $1,999,000
6%
$2,000,000 and up
5%
$142,121,146
IN WHITEFISH
$100,404,295
$106,975,724
$79,990,760 $66,993,676
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
WHITEFISH
real estate trends Residential
Land
AVERAGE sales price
$622,822
$430,903
$465,560
$272,064 $207,402
2015
2016
$478,957
$517,551
$227,215
$246,353
$239,253
2017
2018
2019
MEDIAN sales price $347,000
$447,725
$375,000
$310,000
$316,300
$131,000
$135,000
$140,000
$143,250
2015
2016
2017
2018
$170,000
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
178
242
(174) DAYS
(342) 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.