FIRST HALF 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 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 FIVE 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
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
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$389,900
$508,766,744 ($493,362,816)
(60)
77
-3.00%
$142,900
$73,625,890
185
-7.00%
$483,159
$441,686
($359,700)
(-2.00%)
$417,471
2017
2018
2019
LAND
$298,081
($113,900)
$219,969
($60,117,479)
(197)
(-4.00%)
$165,589
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
GALLATIN 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
1,092
2017
1,117
2018
1,572
2019
1,611
1,053
1,668
ACTIVE listings 2017
413 276 247
2018 2019
411 469 404
2019 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
52%
$400,000 - $599,000
28%
$600,000 - $799,000
9%
$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%
TOTAL GROSS* sales volume
IN GALLATIN COUNTY
$582,392,634 $553,480,295
$524,266,845
2018
2019
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 FIVE 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only.
$325,813,196
$211,222,723 $174,047,319
2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$473,500
$124,200,551
176
-6.00%
$58,000
$20,743,950
291
-10.00%
$970,317
$759,515
($379,000)
($102,534,567)
(84)
(-5.00%)
$479,083
2017
2018
2019
LAND
$253,302
$201,398
($67,500)
($21,277,400)
(273)
(-14.00%)
$158,664
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold 76
LAND
ACTIVE listings 2017
178
2018
135 128
UNITS sold 60
224
2019
84
245
103
ACTIVE listings 2017
206
2018 2019
246 175
2019 closed RESIDENTIAL transactions by price point
Under $199,000
19%
$200,000 - $399,000
28%
$400,000 - $599,000
9%
$600,000 - $799,000
9%
$800,000 - $999,000
9%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
8%
$2,000,000 and up
13%
TOTAL GROSS* sales volume
$144,944,501 $123,811,967
IN MADISON COUNTY *Residential and Land only.
$45,930,110
2017
2018
2019
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 FIVE 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
HISTORICAL active listing volume Residential and Land only. $172,518,737
$151,965,550
$135,940,544 2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$289,500
$38,598,900 ($35,837,888)
(199)
96
-6.00%
$115,000
$11,447,977
375
-6.00%
$378,421
($270,000)
$312,393
2017
(1.00%)
$311,634
2018
2019
LAND
$224,470
($80,000)
$125,783
($6,250,650)
(224)
(-9.00%)
$109,661
2017
2018
2019 2018 percentages in parenthesis.
PUREWESTREALESTATE.COM
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
135 115 102
UNITS sold
2018
233
2019
229
2017
59
213
ACTIVE listings
57 51
151
2018 2019
137 86
2019 closed RESIDENTIAL transactions by price point
Under $199,000
22%
$200,000 - $399,000
57%
$400,000 - $599,000
14%
$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%
TOTAL GROSS* sales volume IN PARK COUNTY
$50,046,877
$49,594,266
2017
2018
2019
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 FIVE 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 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
ACTIVE listings
222
2017
224
2018
242
LAND UNITS sold 42
299 329
2019
37
358
39
ACTIVE listings 2017 2018 2019
60 73 82
2019 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
82%
$400,000 - $599,000
10%
$600,000 - $799,000
2%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
0%
25% (29%)
TOTAL GROSS* sales volume
$102,128,670
IN BELGRADE
$71,920,276
2017
2018
2019
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
$318,213
$292,219
$353,877
$167,802
$265,266
2017
2018
2019
MEDIAN sales price
$320,000
$287,450 $261,950 $116,000
$150,000
$70,000
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
62
123
(60) DAYS
(212) DAYS
PUREWESTREALESTATE.COM
BIG SKY
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 Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019 and does not include Yellowstone Club, Fractional, or Forest Service Lease sales.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
122
179
2018
144
49
189
ACTIVE listings 2017
53
161
2019
137
UNITS sold
41
63
2018
72
2019
71
2019 closed RESIDENTIAL transactions by price point
Under $199,000
7%
$200,000 - $399,000
14%
$400,000 - $599,000
18%
$600,000 - $799,000
12%
$800,000 - $999,000
15%
$1,000,000 - $1,499,000
10%
$1,500,000 - $1,999,000
8%
$2,000,000 and up
16%
TOTAL GROSS* sales volume IN BIG SKY
25% (29%)
$186,247,090 $158,513,123
2017
2018
2019
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 $1,145,027 $920,928 $795,540
$716,546 $528,562
$372,333
2017
2018
2019
MEDIAN sales price $760,000 $582,500 $489,225
$430,000 $350,000
$200,000
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
133
256
(138) DAYS
(350) DAYS
PUREWESTREALESTATE.COM
BOZEMAN
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 Big Sky MLS 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 2017
691 727 660
UNITS sold 1,079
ACTIVE listings 2017
239
2018
1,006
151
2018
2019
1,033
137
2019
160 255 204
2019 closed RESIDENTIAL transactions by price point
Under $199,000
>1%
$200,000 - $399,000
45%
$400,000 - $599,000
34%
$600,000 - $799,000
11%
$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%
TOTAL GROSS* sales volume IN BOZEMAN
25% (29%)
$370,699,312
$363,099,975
2018
2019
$323,765,548
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
BOZEMAN
real estate trends Residential
Land
AVERAGE sales price $465,253
$495,836
$419,683 $261,667 $214,971 $141,275
2017
2018
2019
MEDIAN sales price $414,950
$395,000 $355,000
$97,755
2017
$132,900
$147,500
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
79
157
(60) DAYS
(154) DAYS
PUREWESTREALESTATE.COM
ENNIS
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 Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
ACTIVE listings
27
2017
27
2018
UNITS sold 29
58 56
2019
21
LAND
40
54
53
ACTIVE listings 2017
101
2018 2019
138 72
2019 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
24%
$400,000 - $599,000
62%
$600,000 - $799,000
5%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
5%
$14,845,850
TOTAL GROSS* sales volume IN ENNIS
$11,948,924
2017
2018
2019
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 $311,075 $237,307 $88,748
$59,359
$92,190
2017
2018
2019
MEDIAN sales price
$348,400
$280,000 $238,000 $46,250
$50,000
2018
2019
$59,000
2017
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
214
306
(48) DAYS
(316) DAYS
PUREWESTREALESTATE.COM
LIVINGSTON
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 Big Sky MLS database for the date ranges of 1/1/2018 - 6/30/2018 and 1/1/2019 - 6/30/2019.
RESIDENTIAL UNITS sold
ACTIVE listings 2017
113 100 84
LAND UNITS sold 48
166
2018
184
2019
183
38 39
ACTIVE listings 2017
91
2018 2019
96 56
2019 closed RESIDENTIAL transactions by price point
Under $199,000
23%
$200,000 - $399,000
63%
$400,000 - $599,000
10%
$600,000 - $799,000
2%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
25% (29%)
TOTAL GROSS* sales volume IN LIVINGSTON
$34,328,723
2017
2018
$34,340,977
2019
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 $304,701
$298,922
$298,207
$238,246 $129,712 $101,542
2017
2018
2019
MEDIAN sales price $265,000
$253,950
$259,000
$79,150
$95,000
$52,500
2017
2018
2019
AVERAGE days on the market
2018 percentages in parenthesis.
homes
land
84
378
(176) DAYS
(232) DAYS
PUREWESTREALESTATE.COM
LOCATIONS Big Sky Town Center 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009
Bozeman 1612 W. Main Street Bozeman, MT 59715 406.586.9418
Mountain Mall Big Sky Resort (Seasonal) Big Sky, MT 59716 406.995.5583
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.