Brian Nicodemus’ Whitefish Real Estate Newsletter March 2019

Brian Nicodemus RE/MAX Rocky Mountain 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, 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

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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Wonderful 10+ Acre Property In Eureka

262 Mud Creek Road, Eureka, Lincoln, Montana, United States 59917

3Bedroom(s)
3Bathroom(s)
46Picture(s)
3,745Sqft
Pride of ownership shows in this Lovely 3745 sq. ft. 3 bedroom 3 bath home with large shop on 10 sub dividable acres. This clean and roomy home has lots of storage everywhere with Red Oak flooring, Central Vacuum, laundry room, upstairs suite, 3 bonus rooms and custom kitchen. Outside the home has Hardie Plank Siding, large cedar decks, 2 car detached garage, large shop and woodshed.
$870,000

Jerry's Saloon, RV and Golf Course

205 1st Street S, Fortine, Lincoln, Montana, United States 59918

109Picture(s)
5,000Sqft
Jerry's Saloon, RV and Golf Course has been a great spot to spend the day for tourists and locals alike since 1966. Situated on over 20 acres of property and adjacent to forest service land, this entertainment venue is like no other. Full liquor Saloon and restaurant with 7 gaming machines, large indoor room for entertainment in the winter and beautiful outside deck with stage for large events.
$3,500,000
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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