2019 Q4 Luxury Real Estate Market Update

REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

®

Key Metrics SW Montana Real Estate Q4 2019 $650-999 HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2017-2019 400 227

200

266

267

104

0

Bozeman City

76

91

85

54

121

112

79

25

Greater Bozeman

Belgrade

2017

2018

Big Sky

2019

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2017-2019 1,000 730

710

757

760

737

795

810

800

788

710

740

500

0

Bozeman City

Greater Bozeman 2017

Belgrade 2018

Big Sky

2019

SINGLE FAMILY # LISTINGS SOLD Q4 YEAR/YEAR 2017-2019

40

20

0

Bozeman City

Greater Bozeman 2019

Belgrade 2018

2017

Big Sky

827

SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2017-2019 25 24

20 17

15 10

16

14 9.9

9.6

5 0

2.4

0.8

Bozeman City

Greater Bozeman 2017

Belgrade 2018

2019

1.5

2.2

3.7 1.6

Big Sky

Key Metrics SW Montana Real Estate Q4 2019 $1M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2017-2019 300 237

228

200

226 167

117

100

60

106

102

59

27

19

0

Bozeman City

120

Greater Bozeman 2017

Belgrade 2018

Big Sky

2019

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2017-2019

3,000

2,000

2,000 1,000 0

1,072

1,385

1,102

Bozeman City

1,170

1,400

1,347

Greater Bozeman 2017

1,387

1,200

Belgrade 2018

1,800

2,125

Big Sky

2019

SINGLE FAMILY # LISTINGS SOLD Q4 YEAR/YEAR 2017-2019 20 10 0

Bozeman City

Greater Bozeman 2019

Belgrade 2018

2017

Big Sky

2,400

SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2017-2019 40 33

30

27 23

20

18

19

18

10 2.1

0

4

5.6

5.3

6.2

2.2

Bozeman City

Greater Bozeman 2017

Belgrade 2018

2019

Big Sky

Key Metrics SW Montana Real Estate Q4 2019 $650-999 HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2017-2019 300 232 191

200

185 104

100

88 36

0

Bozeman City

Big Sky 2017

2018

2019

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2017-2019 1,000 680

674

738

869

769

500

0

Bozeman City

Big Sky 2017

2018

2019

CONDO/TOWNHOME # LISTINGS SOLD Q4 YEAR/YEAR 2017-2019

15 10 5 0

Bozeman City

Big Sky 2019

2018

2017

785

CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2017-2019 10 8.5

7.5 5.8

5.5

5

2.5

2.8

2.2 1.3

0

Bozeman City

Big Sky 2017

2018

2019

Key Metrics SW Montana Real Estate Q4 2019 $1M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2017-2019 200

192

189 131

100 37 0

0

0

Bozeman City

Big Sky 2017

2018

2019

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2017-2019 2,000 1,555

1,476

1,100

1,000

0

0

0

Bozeman City

Big Sky 2017

2018

2019

CONDO/TOWNHOME # LISTINGS SOLD Q4 YEAR/YEAR 2017-2019

15 10 5 0

Bozeman City

Big Sky 2019

2018

2017

1,875

CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2017-2019 25 21

20 15

15 10

8.1

5 0

0

1.1

0

Bozeman City

Big Sky 2017

2018

2019

R

E

E M MARCI U

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HAHNKNOFF

CANDICE W ILSON

BROKER|OWNER

ASSISTANT| REAL T OR速

MOLLY OGLE

CARLA T HORNI NG

REAL T OR速 |GRI

REAL T OR速

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

( 406)924M 9559 H K EMAIL:INFO@KNOFFB GROUP. COM |R WWW .

KNOFFGROUP. COM C

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