2021 Q2 Luxury Real Estate Market Update

Page 1

REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

®


Key Metrics SW Montana Real Estate Q2 2021 $650-999 HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2019-2021 300 204

200 99

89

100

42

0

92 14

12

Bozeman City

6

Greater Bozeman 2019

2020

0

Big Sky

2021

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2019-2021

1,000

685

764

779

775

803

760

830

900

500

0

0

Bozeman City

Greater Bozeman 2019

2020

Big Sky

2021

SINGLE FAMILY # LISTINGS SOLD Q2 YEAR/YEAR 2019-2021 100 50 0

Bozeman City

Greater Bozeman 2021

2020

2019

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2019-2021 60 57 43

40

23

20

0

16

27

18

1.6

Bozeman City

Greater Bozeman 2019

2020

2021

1.8

Big Sky

0


Key Metrics SW Montana Real Estate Q2 2021 $1M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2019-2021 1,500 1,000

1,036

500

263

128

55

0

Bozeman City

126

30

154

Greater Bozeman 2019

2020

67

67

Big Sky

2021

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2019-2021

4,000

3,110

2,000

0

1,901 1,410

1,200

1,259

Bozeman City

1,458

1,347

Greater Bozeman 2019

2020

3,950

Big Sky

2021

SINGLE FAMILY # LISTINGS SOLD Q2 YEAR/YEAR 2019-2021 50 25 0

Bozeman City

Greater Bozeman 2021

2020

2019

Big Sky

3,175


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2019-2021 75 71 55

53

50 33

25

22

3.8

0

17

13

7.4

Bozeman City

Greater Bozeman 2019

2020

2021

Big Sky


Key Metrics SW Montana Real Estate Q2 2021 $650-999 HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2019-2021 150

125

100 51

50

23

0

19

8

8

Bozeman City

Big Sky 2019

2020

2021

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2019-2021

1,000

742

650

838

725

885

500

0

Bozeman City

Big Sky 2019

2020

2021

CONDO/TOWNHOME # LISTINGS SOLD Q2 YEAR/YEAR 2019-2021 20 10 0

Bozeman City

Big Sky 2021

2020

2019

815


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2019-2021 15

15

9.9

10

9

5

3.5 1.4

0

0.65

Bozeman City

Big Sky 2019

2020

2021


Key Metrics SW Montana Real Estate Q2 2021 $1M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2019-2021 400 259

200

140 73

22

0

0

95

Bozeman City

Big Sky 2019

2020

2021

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2019-2021

2,000

1,524

1,000

0

1,795

1,790

1,063

0

Bozeman City

Big Sky 2019

2020

2021

CONDO/TOWNHOME # LISTINGS SOLD Q2 YEAR/YEAR 2019-2021 40 20 0

Bozeman City

Big Sky 2021

2020

2019

1,460


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2019-2021 60 50

40 24

24

20 6.4

0

1

0

Bozeman City

Big Sky 2019

2020

2021


BOZEMAN, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+

GREATER BOZEMAN, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+


BELGRADE, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+

801-1M

1M+

BIG SKY, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k


Key Metrics Median Sales Prices 2019 - 2021 City of Bozeman 800,000

0

Q1

Q2 2019

2020

Q3

Q4

Q3

Q4

Q3

Q4

Q3

Q4

2021

City of Belgrade 600,000

0

Q1

Q2 2019

2020

2021

Greater Big Sky 4,000,000

0

Q1

Q2 2019

2020

2021

City of Livingston 500,000

0

Q1

Q2 2019

2020

2021


MARCIE HAHNKNOFF BROKER OWNER REAL T OR®

MOLLY OGLE

GRI REAL T OR®

TAMMY J ESKE

REAL T OR®

CANDICE W ILSON

ASSI ST ANT REAL T OR®

CARLA T HORNI NG REAL T OR®

OLIVIA CANNIZZO

ASSI ST ANT REAL T OR®

SERVING BOZEMAN,BIG SKY,BELGRADE,L I VI NGST ON,P ARADI SEVAL L EY & GREATER GAL L ATI N AREA OFMONT ANA

L COM :INFO@KNOFFGROUP. ( 406)9249559|EMAI WWW . KNOFFGROUP. COM

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