2019 Q2 Luxury Real Estate Market Update

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REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

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Key Metrics SW Montana Real Estate Q2 2019 $650-999 HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2017-2019 200 110

100

140

121 89

108

91

106

99

109

104 50 6

0

Bozeman City

Greater Bozeman

Belgrade

2017

2018

Big Sky

2019

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2017-2019 1,000 747

755

685

760

750

800

775

775

732

710

770

500

0

Bozeman City

Greater Bozeman 2017

Belgrade 2018

Big Sky

2019

SINGLE FAMILY # LISTINGS SOLD Q2 YEAR/YEAR 2017-2019

40

20

0

Bozeman City

Greater Bozeman 2019

Belgrade 2018

2017

Big Sky

830


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2017-2019 25

23

20 16

16

17

15 10

10 6

5 1.6

0

Bozeman City

Greater Bozeman 2017

1.5

Belgrade 2018

2019

1.4

2.1

3.7 1.6

Big Sky


Key Metrics SW Montana Real Estate Q2 2019 $1M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2017-2019 1,500 1,036

1,000 500 0

94

221

116

54

Bozeman City

244

128

224

Greater Bozeman 2017

313

320

Belgrade 2018

217

154

Big Sky

2019

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2017-2019

4,000

3,110 1,901

2,000 1,000

0

1,325

Bozeman City

1,418

1,340

1,736 1,259

Greater Bozeman 2017

1,181

1,200

Belgrade 2018

1,620

1,825

Big Sky

2019

SINGLE FAMILY # LISTINGS SOLD Q2 YEAR/YEAR 2017-2019 20 10 0

Bozeman City

Greater Bozeman 2019

Belgrade 2018

2017

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2017-2019 60 55

40

36 27

20

26 17

8.4

0

1

2.6

4.7

3.8

Bozeman City

Greater Bozeman 2017

1.2

Belgrade 2018

2019

3.4

Big Sky


Key Metrics SW Montana Real Estate Q2 2019 $650-999 HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2017-2019 400 376 206

200

151

125

94 23

0

Bozeman City

0

0

30

0

0

Greater Bozeman

0

Belgrade

2017

2018

Big Sky

2019

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2017-2019 1,000 662

705

742

740

708

815

500

0

0

Bozeman City

0

0

Greater Bozeman 2017

0

Belgrade 2018

0

Big Sky

2019

CONDO/TOWNHOME # LISTINGS SOLD Q2 YEAR/YEAR 2017-2019

20

10

0

Bozeman City

Greater Bozeman 2019

Belgrade 2018

2017

Big Sky

838


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2017-2019 15

15

9.6

10

5.8

5

0.6

0

1.4

1.4

Bozeman City

0

0

0.7

0

Greater Bozeman 2017

0

Belgrade 2018

2019

0

Big Sky


Key Metrics SW Montana Real Estate Q2 2019 $1M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2017-2019 1,000

830

500 216 42

0

225

73

Bozeman City

140

Big Sky 2017

2018

2019

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2017-2019 2,000

1,600 1,002

1,000

0

1,200

1,750

1,063

Bozeman City

Big Sky 2017

2018

2019

CONDO/TOWNHOME # LISTINGS SOLD Q2 YEAR/YEAR 2017-2019

15 10 5 0

Bozeman City

Big Sky 2019

2018

2017

1,762


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2017-2019 25 24

20

19

15 10

10 5

4.1 1

0

1

Bozeman City

Big Sky 2017

2018

2019



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