Brian Nicodemus’ Whitefish Real Estate Newsletter March 2019

Brian Nicodemus

The Flathead valley continues to be in a winter cold snap since the first of February. Lots of snow in town and in the mountains. Whitefish Mountain Resort has over 100 inches of snow at the summit and it continues to snow so come on over to Whitefish and make some turns on the Big Mountain. The Real Estate market continues to be strong across northwest Montana with many properties changing hands since the first of the year. Sellers are still enjoying higher home values and a shortage of inventory. I have a few buyers ready to go if I could just find the right property for them. I expect to see an increase in inventory as spring arrives in the Flathead Valley. There are currently 138 residential listings in Whitefish under 1 million dollars and over half of those are condos or townhouses. We sold 38 Whitefish residential properties so far in 2019. At that rate we will run out of residential product for sale in around 8 months. Bring on the springtime. If you are a property owner in Northwest Montana and are thinking about selling, now is a great time! Interest rates are still under 5%, not a lot of market competition and there are some great loan programs available for buyers. Call me today with any questions you have about Real Estate in Montana and the Flathead Valley. With 20 years local experience in Real Estate I probably have the answer. If not, I will find it.

 

Real Estate Market Trends

Flathead 2018 home sales (with median acreage), by city and home style

BY RICHARD DEWS // FEB 13, 2019

Which home styles are sold in greatest (and least) quantities, across the Flathead? Does it vary by city? How many acres (or fractions thereof) come with which home styles, and does that vary by city? I was recently asked about the acreage which comes with home sales. This week, I’ve analyzed the 2018 single-family home sales across Flathead cities, which sold for prices between $150,000 and $600,000 (see chart). I’ve focused on two statistics: 1) quantity of homes sold by city and style (blue columns using left-side axis values), and 2) among those, the median accompanying acreage (gold lines using right-side axis values).

In every city but Lakeside, the log style had the highest median accompanying acreage. One-and-a-half to two-story and ranch-style homes sold in the highest quantities, across every city, and often by overwhelming ratios versus other styles. One-story-style homes sold in the third highest quantities, but they often had the least accompanying acreage.

Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.

Economic Outlook: More Growth in 2019

State bounced back from stagnant economy, with momentum expected to continue, economists say

BY MOLLY PRIDDY // FEB 19, 2019

The state economy bounced back from stagnation last year with help from western counties and increased construction activity, among other factors, according to economists from the University of Montana visiting last week for the 2019 Economic Outlook Seminar.

State revenues in 2017 were weak due to a stagnant economy in 2016, said Patrick Barkey of the Bureau of Business and Economic Research (BBER), but 2018 revenues were stronger thanks in part to a surge in construction across the state but particularly in Flathead, Gallatin, and Missoula counties.

Read the rest of the story… click here.

Below are some beautiful properties in Northwest Montana listed by Brian.

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Beautiful 4 acres

NHN Farm to Market, Whitefish, Flathead, Montana, United States 59937

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Beautiful 4 acre property with nice mix of pasture and trees. Great views and good access off Farm to Market Road. Sale subject to boundary line adjustment to create parcel. Survey has been completed, corners are marked.
$230,000

40+ Acres on Grave Creek Road

Grave Creek Road, Eureka, Flathead, Montana, United States 59917

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Beautiful 40 acre parcel with great views and a nice mix of trees and pasture. The property is rolling with roads throughout for good access. Lots of wildlife and a corner touches Forest Service.
$279,000

Zoned B4 in Whitefish

213 Flathead Avenue, Whitefish, Flathead, Montana, United States 59937

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Large B4 zoned lot in the heart of Baker Commons business park. This .9 acre lot is next to Park Side Credit Union and across the street from the Wave fitness center. Some views of Whitefish Mountain Resort. Many uses with B4 zoning, call listing agent or check documents for a complete list of permitted uses. This is a unique opportunity for commercial land in Whitefish Montana.
$795,000

Beautiful Lot in Somers

270 Westridge Drive, Somers, Flathead, Montana, United States 59932

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Beautifully parked out building lot in Westridge. Some lake views from this 4.54 acre lot with community water and easy access.
$141,000
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    SKIJORING RETURNS TO REBECCA FARM

    MARCH 2-3, 2019

    Rebecca Farm is excited to host their second skijoring competition on Saturday, March 2 and Sunday, March  3. Opening ceremonies begin at noon both days, closely followed by the start of this adrenaline-pumping competition. Joe Warner, well known rodeo announcer, will emcee as alpine skiers pulled by horse and rider teams fly down a challenging curved course, navigating gates, grabbing rings and soaring over jumps up to 6 feet high.

    Click here for more details…

    BRASH RODEO WINTER SERIES

    March 1-2; 15-16; 29-30; 2019

    Rodeo has been a part of Montana’s culture since the first cowboys arrived over 150 years ago. Our events include bull riding, saddle bronc riding, bareback riding, steer riding, team roping, barrel racing, breakaway roping, calf roping and chute dogging. We are Western Montana’s longest running series open rodeo. Your Glacier country vacation would not be complete without experiencing the Brash Rodeo. See you at the arena!

    Click here for more details and tickets…


    Find snow conditions on Whitefish Mountain: visit their snowcams