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, learn more now. 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
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.