2022 Q1 Luxury Real Estate Market Update

Page 1

REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

®


Key Metrics SW Montana Real Estate Q1 2022 $1-1.5M HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2020-2022 200 148

141 97

100 39

0

30

95 48

40

Bozeman City

38

Greater Bozeman 2020

2021

Big Sky

2022

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2020-2022

1,500 1,000

1,085

1,100

1,250

1,150

1,225

1,179

1,275

1,270

500 0

Bozeman City

Greater Bozeman 2020

2021

Big Sky

2022

SINGLE FAMILY # LISTINGS SOLD Q1 YEAR/YEAR 2020-2022 20 10 0

Bozeman City

Greater Bozeman 2022

2021

2020

Big Sky

1,250


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2020-2022 20

20

18

15 11

10

10

6

5

0

3.2

2.5

Bozeman City

Greater Bozeman 2020

2021

2022

1.2

Big Sky

1.2


Key Metrics SW Montana Real Estate Q1 2022 $1.5M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2020-2022 400 374

200

166 33

0

0

62

30

Bozeman City

2021

115

45

Greater Bozeman 2020

125

Big Sky

2022

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2020-2022

5,000

4,900 3,000

2,500

0

1,999

1,847

2,250

3,000

2,200

2,144

0

Bozeman City

Greater Bozeman 2020

2021

Big Sky

2022

SINGLE FAMILY # LISTINGS SOLD Q1 YEAR/YEAR 2020-2022 40 20 0

Bozeman City

Greater Bozeman 2022

2021

2020

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2020-2022 100 87

75 48

50

39

25 10

0

0

36

15 7.4

4.3

Bozeman City

Greater Bozeman 2020

2021

2022

Big Sky


Key Metrics SW Montana Real Estate Q1 2022 $1-1.5M HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2020-2022 400 315

200

123

140

113

80

58

0

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2020-2022

2,000

1,000

0

1,082

1,125

1,450

1,299

1,200

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME # LISTINGS SOLD Q1 YEAR/YEAR 2020-2022 20 10 0

Bozeman City

Big Sky 2022

2021

2020

1,208


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2020-2022 15

15

9.8

10

5

3.6

4 1.4

1

0

Bozeman City

Big Sky 2020

2021

2022


Key Metrics SW Montana Real Estate Q1 2022 $1.5M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q1 YEAR/YEAR 2020-2022 400 285

200 107 0

0

0

32

0

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q1 YEAR/YEAR 2020-2022

4,000

2,850

2,537 1,975

2,000

0

0

0

0

Bozeman City

Big Sky 2020

2021

2022

CONDO/TOWNHOME # LISTINGS SOLD Q1 YEAR/YEAR 2020-2022 20 10 0

Bozeman City

Big Sky 2022

2021

2020


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q1 YEAR/YEAR 2020-2022 60 55

40

34 24

20

0

0

0

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

MOLLY OGLE

BROKER OWNER REAL T OR®

GRI REAL T OR®

TAMMY J ESKE

CARLA T HORNI NG

REAL T OR®

REAL T OR®

CANDICE W ILSON

OLIVIA CANNIZZO

ASSI ST ANT REAL T OR®

ASSI ST ANT REAL T OR®

ERIC KNOFF

ASSI ST ANT REAL T OR®

SERVING BOZEMAN,BIG SKY, BELGRADE,L I VI NGST ON, PARADISEVALLEY & GREATER GALLATIN AREA OFMONTANA

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

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