The true reward for me is the smile on my customer’s face when they achieve their goals. No hassles and no pressure when you work with me. Just a friendly knowledgeable Real Estate Broker who is here to help. Give me a call or email me today so I can help you catch your special piece of Montana! 406.250.7311 | [email protected]
88 Parkway Avenue Unit A, Bigfork, MT 59911
MLS #21706598 Offered at $549,000
Real Estate Market Update
By Greg Carter, Broker, RE/MAX Rocky Mountain Real Estate
Graph by Jim Kelley, Kelley Appraisal
We are half way through 2017 and the Northwest Montana real estate market is as healthy as ever. There have been 822 sales in our area through June which is an 11.1% increase over the same period last year. Average prices have held strong with a slight increase of just under 3%. Real estate sales volume bottomed in 2009 but has consistently increased every one of the past eight years.
The most startling statistic is the relatively low inventory of available properties on the market. As of June 30th, there were 1096 residential properties listed for sale. When you compare that to the 1,680 sales made in 2016, we only have a 7.8 month inventory of available homes for sale. When you consider that some of that inventory has been on the market for over 90 days (probably because they are overpriced), then the number of truly salable properties is very low compared to demand. This statistic says we have a very healthy sellers market!
A SWEET LITTLE TREASURE
Open Road is a series of videos about Montana and Montanans. Travel along with these characters as they experience the endless possibilities waiting for them in Montana and be inspired to discover Montana for yourself.