Kyle promises to represent all clients honestly and ethically. Kyle’s knowledge of real estate in the Flathead Valley is backed by a true love for the outdoors and the area. He is passionate and well informed about the market, which allows him to guide his clients into their dream home or commercial real estate. Call Kyle today at 406.871.4947.
249 Wollen Way, Whitefish, MT 59937
MLS #21708524 Offered at $750,000
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.