2022 Q2 Luxury Real Estate Market Update

Page 1

REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

®


Key Metrics SW Montana Real Estate Q2 2022 $1-1.5M HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2020-2022 150 103

100 50

32

0

33

18

12

10

Bozeman City

8

0

Greater Bozeman 2020

2021

0

Big Sky

2022

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2020-2022

2,000

1,395

1,165

1,250

1,235

1,310

1,324

1,215

1,000

0

0

Bozeman City

Greater Bozeman 2020

2021

0

Big Sky

2022

SINGLE FAMILY # LISTINGS SOLD Q2 YEAR/YEAR 2020-2022 40 20 0

Bozeman City

Greater Bozeman 2022

2021

2020

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2020-2022 40 32

30

27 19

20

16 12

10 5.1

4.1

0

0

Bozeman City

Greater Bozeman 2020

2021

2022

0

Big Sky


Key Metrics SW Montana Real Estate Q2 2022 $1.5M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2020-2022 200 153 123 97

100

67

57

58

28

16

0

77

Bozeman City

Greater Bozeman 2020

2021

Big Sky

2022

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2020-2022

5,000

4,125

3,950 3,300

2,500

0

1,650

1,820

2,250 1,617

2,047

1,602

Bozeman City

Greater Bozeman 2020

2021

Big Sky

2022

SINGLE FAMILY # LISTINGS SOLD Q2 YEAR/YEAR 2020-2022 40 20 0

Bozeman City

Greater Bozeman 2022

2021

2020

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2020-2022 80 62

60

48 42

40

20

16

17

13

9.8

0

3.3

Bozeman City

Greater Bozeman 2020

2021

2022

Big Sky

47


Key Metrics SW Montana Real Estate Q2 2022 $1-1.5M HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2020-2022 200 175

137

100 17

0

0

16

8

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2020-2022

2,000

1,389

1,325

1,275

1,345

1,000

0

0

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME # LISTINGS SOLD Q2 YEAR/YEAR 2020-2022 20 10 0

Bozeman City

Big Sky 2022

2021

2020

1,275


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2020-2022 25 22

20 15 12

10

7.8 5

5 0

2.7 0

Bozeman City

Big Sky 2020

2021

2022


Key Metrics SW Montana Real Estate Q2 2022 $1.5M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q2 YEAR/YEAR 2020-2022 400 301 196

200

0

0

27

35

Bozeman City

Big Sky 2020

2021

39

2022

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q2 YEAR/YEAR 2020-2022

3,000 2,000

1,825

1,992

1,850

1,855

1,000 0

0

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME # LISTINGS SOLD Q2 YEAR/YEAR 2020-2022 20 10 0

Bozeman City

Big Sky 2022

2021

2020

2,054


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q2 YEAR/YEAR 2020-2022 40

40

30

27 19

20

10 3.6

0

3.7

0

Bozeman City

Big Sky 2020

2021

2022


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


MARCIE HAHNKNOFF

CANDICE W ILSON

BROKER OWNER REAL T OR®

ASSI ST ANT REAL T OR®

MOLLY OGLE

CARLA T HORNI NG

GRI REAL T OR®

REAL T OR®

OLIVIA CANNIZZO

TAMMY J ESKE

ASSI ST ANT REAL T OR®

REAL T OR®

ERIC KNOFF

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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