Real Estate sales see large uptick, new projects double

BY HEIDI DESCH, WHITEFISH PILOT 2-15-2017

Home sales in Whitefish last year saw a large uptick, while new residential home development more than doubled in the city.

There were 194 homes sold within the city limits last year, according to a report by Kelley Appraisal of Kalispell. That’s an almost 40 percent increase from the previous year, following two years of decreases in the number of sales in 2013 and 2014, according to Jim Kelley who compiles the annual home sales report.

According to the city of Whitefish Planning and Building Department’s annual report, there were 156 new dwelling units permitted in 2016 compared to 67 in 2015.

City Planning Director Dave Taylor said the increase in the number of permits seems to fall in line with a recently completed workforce housing study showing the city will need 980 residential units by 2020 to keep up with current demand.

“There is currently a shortage of service workers and housing,” Taylor said in his report. “The deficit of available residential units has translated into 10 year highs in duplex and multi-family residential development, which counted for more than two-thirds of our residential new construction.”

Taylor estimates the economic investment of the residential development at over $32 million.

According to the Kelley report, this January there were 126 homes on the market within the city limits compared to 142 in January 2016.

“With 126 current listings, this represents 7.8 months of inventory compared to 6.1 months of inventory in Flathead County,” Kelly says in his report. “Last year at this time there was 12.3 months inventory in Whitefish.”

Kelley says that last year was mostly stable for sales with numbers similar to the last three years.

“Subdivision activity continues near its all-time low, but the inventory of bank-owned has mostly gone away,” he said. “There is development, but mostly within city limits. There continues to be little interest in rural subdivision development.”

According to the city report, seven new subdivisions were approved in Whitefish last year with 51 new lots receiving preliminary plat, which is more than twice the number for 2015.

The median home price in Whitefish in 2016 increased to $325,000, up slightly from $320,000 in 2015.

Twelve homes sold on Whitefish Lake last year, up slightly from nine in 2015. The median price for those homes is $1.87 million, up 2.4 percent over 2015.

ALPENGLOW – The Perfect Line

EPISODE SIX: OPEN ROAD
Watch skier Rachel Pohl turn a day on the slopes into a work of art. The Sky’s the Limit. Rachel believes the world is her canvas. With Montana’s unspoiled beauty and pristine powder as her muse, it’s easy to see why.

SNOW REPORT

Check the snow conditions at Whitefish Mountain Resort by clicking here.

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or visit their website:

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Wilderness Speaker Series

March 22, 2017
7:00 PM – 8:00 PM MDT
Flathead Valley Community College
Event Description:
“THE NAMES OF THE STARS, A Life In The Wilds” a book reading and discussion

Speaker: Pete Fromm, wilderness author.

Acclaimed author of “Indian Creek Chronicles,” the story of his seven winter months alone in the Selway Bitterroot Wilderness tending salmon eggs, Pete’s newest book, “THE NAMES OF THE STARS; A Life In The Wilds” is the story of another month alone in the wilderness caring for fish eggs, this time the Bob. He will read from his new book. Books available for sale and signing.

Find more information at www.bmwf.org.

Real Estate sales see large uptick, new projects double

BY HEIDI DESCH, WHITEFISH PILOT 2-15-2017

Home sales in Whitefish last year saw a large uptick, while new residential home development more than doubled in the city.

There were 194 homes sold within the city limits last year, according to a report by Kelley Appraisal of Kalispell. That’s an almost 40 percent increase from the previous year, following two years of decreases in the number of sales in 2013 and 2014, according to Jim Kelley who compiles the annual home sales report.

According to the city of Whitefish Planning and Building Department’s annual report, there were 156 new dwelling units permitted in 2016 compared to 67 in 2015.

City Planning Director Dave Taylor said the increase in the number of permits seems to fall in line with a recently completed workforce housing study showing the city will need 980 residential units by 2020 to keep up with current demand.

“There is currently a shortage of service workers and housing,” Taylor said in his report. “The deficit of available residential units has translated into 10 year highs in duplex and multi-family residential development, which counted for more than two-thirds of our residential new construction.”

Taylor estimates the economic investment of the residential development at over $32 million.

According to the Kelley report, this January there were 126 homes on the market within the city limits compared to 142 in January 2016.

“With 126 current listings, this represents 7.8 months of inventory compared to 6.1 months of inventory in Flathead County,” Kelly says in his report. “Last year at this time there was 12.3 months inventory in Whitefish.”

Kelley says that last year was mostly stable for sales with numbers similar to the last three years.

“Subdivision activity continues near its all-time low, but the inventory of bank-owned has mostly gone away,” he said. “There is development, but mostly within city limits. There continues to be little interest in rural subdivision development.”

According to the city report, seven new subdivisions were approved in Whitefish last year with 51 new lots receiving preliminary plat, which is more than twice the number for 2015.

The median home price in Whitefish in 2016 increased to $325,000, up slightly from $320,000 in 2015.

Twelve homes sold on Whitefish Lake last year, up slightly from nine in 2015. The median price for those homes is $1.87 million, up 2.4 percent over 2015.

ALPENGLOW – The Perfect Line

EPISODE SIX: OPEN ROAD
Watch skier Rachel Pohl turn a day on the slopes into a work of art. The Sky’s the Limit. Rachel believes the world is her canvas. With Montana’s unspoiled beauty and pristine powder as her muse, it’s easy to see why.

SNOW REPORT

Check the snow conditions at Whitefish Mountain Resort by clicking here.

LESSONS

Learn to ski or snowboard. Click here for information about lessons and ticket packages.

NIGHT SKIING

Night owls can enjoy some great skiing during our night sessions. Click here for info.

LIFT TICKETS – PURCHASE ON-LINE

Purchase tickets in advance.

You can always call for information too.

877-SKI-FISH

or visit their website:

www.skiwhitefish.com

Wilderness Speaker Series

March 22, 2017
7:00 PM – 8:00 PM MDT
Flathead Valley Community College
Event Description:
“THE NAMES OF THE STARS, A Life In The Wilds” a book reading and discussion

Speaker: Pete Fromm, wilderness author.

Acclaimed author of “Indian Creek Chronicles,” the story of his seven winter months alone in the Selway Bitterroot Wilderness tending salmon eggs, Pete’s newest book, “THE NAMES OF THE STARS; A Life In The Wilds” is the story of another month alone in the wilderness caring for fish eggs, this time the Bob. He will read from his new book. Books available for sale and signing.

Find more information at www.bmwf.org.

Real Estate sales see large uptick, new projects double

BY HEIDI DESCH, WHITEFISH PILOT 2-15-2017

Home sales in Whitefish last year saw a large uptick, while new residential home development more than doubled in the city.

There were 194 homes sold within the city limits last year, according to a report by Kelley Appraisal of Kalispell. That’s an almost 40 percent increase from the previous year, following two years of decreases in the number of sales in 2013 and 2014, according to Jim Kelley who compiles the annual home sales report.

According to the city of Whitefish Planning and Building Department’s annual report, there were 156 new dwelling units permitted in 2016 compared to 67 in 2015.

City Planning Director Dave Taylor said the increase in the number of permits seems to fall in line with a recently completed workforce housing study showing the city will need 980 residential units by 2020 to keep up with current demand.

“There is currently a shortage of service workers and housing,” Taylor said in his report. “The deficit of available residential units has translated into 10 year highs in duplex and multi-family residential development, which counted for more than two-thirds of our residential new construction.”

Taylor estimates the economic investment of the residential development at over $32 million.

According to the Kelley report, this January there were 126 homes on the market within the city limits compared to 142 in January 2016.

“With 126 current listings, this represents 7.8 months of inventory compared to 6.1 months of inventory in Flathead County,” Kelly says in his report. “Last year at this time there was 12.3 months inventory in Whitefish.”

Kelley says that last year was mostly stable for sales with numbers similar to the last three years.

“Subdivision activity continues near its all-time low, but the inventory of bank-owned has mostly gone away,” he said. “There is development, but mostly within city limits. There continues to be little interest in rural subdivision development.”

According to the city report, seven new subdivisions were approved in Whitefish last year with 51 new lots receiving preliminary plat, which is more than twice the number for 2015.

The median home price in Whitefish in 2016 increased to $325,000, up slightly from $320,000 in 2015.

Twelve homes sold on Whitefish Lake last year, up slightly from nine in 2015. The median price for those homes is $1.87 million, up 2.4 percent over 2015.

ALPENGLOW – The Perfect Line

EPISODE SIX: OPEN ROAD
Watch skier Rachel Pohl turn a day on the slopes into a work of art. The Sky’s the Limit. Rachel believes the world is her canvas. With Montana’s unspoiled beauty and pristine powder as her muse, it’s easy to see why.

SNOW REPORT

Check the snow conditions at Whitefish Mountain Resort by clicking here.

LESSONS

Learn to ski or snowboard. Click here for information about lessons and ticket packages.

NIGHT SKIING

Night owls can enjoy some great skiing during our night sessions. Click here for info.

LIFT TICKETS – PURCHASE ON-LINE

Purchase tickets in advance.

You can always call for information too.

877-SKI-FISH

or visit their website:

www.skiwhitefish.com

Wilderness Speaker Series

March 22, 2017
7:00 PM – 8:00 PM MDT
Flathead Valley Community College
Event Description:
“THE NAMES OF THE STARS, A Life In The Wilds” a book reading and discussion

Speaker: Pete Fromm, wilderness author.

Acclaimed author of “Indian Creek Chronicles,” the story of his seven winter months alone in the Selway Bitterroot Wilderness tending salmon eggs, Pete’s newest book, “THE NAMES OF THE STARS; A Life In The Wilds” is the story of another month alone in the wilderness caring for fish eggs, this time the Bob. He will read from his new book. Books available for sale and signing.

Find more information at www.bmwf.org.

TURNING PAGES – Finding and sharing community in Montana

EPISODE FIVE: OPEN ROAD

Learn how two supermoms are making their dream of raising a family and building a publishing empire come true in Montana. Click the arrow to watch.

Real Estate Market Summary for 2016

SUMMARIZED FROM JIM KELLEY’S ANNUAL REPORT BY GREG CARTER

Mr. Kelley’s annual real estate market report for Flathead County is available at the following link: http://kelleyappraisal.net/FlatheadMarket16.pdf

The Flathead real estate market continues to improve with near record number of sales in 2016! This number of sales coupled with subdivision activity near all-time lows has motivated a renewed interest in development. Although all the county’s towns show an increase in the number of sales, the largest increase was in Whitefish.

There was an 11% increase in the number of residential units built from 2015 to 2016. This number has shown a healthy increase every year since the bottom of the recession in 2011. Over those 5 years, the total increase in annual residential construction in the Flathead Valley was over 200%.

From the standpoint of residential sales, 2015 was the best year for home sales since 2006, and 2016 maintained that same level. Since 2011, the median home price has experienced a healthy annual increase totaling over 26%! In that same time period, the number of homes on the market has steadily decreased. Comparing total sales from 2016 with homes currently on the market, there is only a six month inventory throughout the Valley! (In Columbia Falls, there is only a 1 month inventory!)

So, here is an important message for all our clients who may be considering putting your home on the market…there’s rarely been a better time!! If priced right, these statistics say you won’t have much competition so; your home should sell readily. Call your RE/MAX Rocky Mountain real estate professional for a review and market analysis of your property.

From a potential buyer’s standpoint, here are some helpful statistics: Nationally, we just completed 34 years of consistent interest rate declines. That is obviously not going to continue.

In 2016, the overall average 30-year mortgage interest was 3.7%. Currently the 30-year rate is 4.1%. Still, that remains very near record lows. As you are aware, the Federal Reserve recently increased the Fed Funds rate a quarter of a percent. There may be two or three similar rate increases in the coming twelve months. Even at that, the mortgage rates will still be near historically record lows. Given these statistics, if you are considering a real estate purchase, there is ample reason to lock in your mortgage rate as soon as possible.

In summary, we have an extremely healthy market for anyone thinking about selling their home and plenty of motivation to not wait if you are considering a purchase.  We at RE/MAX Rocky Mountain Real Estate would consider it a privilege to assist you with any of your real estate needs. We have offices in both Whitefish and Columbia Falls and have been serving our real estate clients in all the Flathead Valley sub-markets for over 20 years.

City moves ahead with highway 93 south corridor plan

BY HEIDI DESCH, WHITEFISH PILOT JAN 25, 2017

The city of Whitefish is finally moving forward on a long discussed corridor plan for Highway 93 South.

In December City Council requested city planning staff create a scope of work and a timeline for initiating a corridor plan for the area. Last week Council gave its OK to a proposal that sets the kick-off this spring for work on the corridor plan.

The city’s 2007 growth policy identified the area as in need of a corridor plan, but plans for Highway 93 West and Wisconsin Avenue were considered greater priorities by the City Council, mostly due to issues with the doughnut dispute.

A Montana Supreme Court ruling in 2014 ceded planning control of the doughnut from the city to the Flathead County following a long-running legal battle over its control.

Mayor John Muhlfeld addressed appearances that the city is rushing into the corridor plan.

READ MORE….

SNOW REPORT

Check the snow conditions at Whitefish Mountain Resort by clicking here.

LESSONS

Learn to ski or snowboard. Click here for information about lessons and ticket packages.

NIGHT SKIING

Night owls can enjoy some great skiing during our night sessions. Click here for info.

LIFT TICKETS – PURCHASE ON-LINE

Purchase tickets in advance.

You can always call for information too.

877-SKI-FISH

or visit their website:

www.skiwhitefish.com

Forest project set to begin this summer in Haskill Basin

By HEIDI DESCH, WHITEFISH PILOT JAN 24, 2017

PHOTO BY STEVEN GNAM

Widespread prescribed burns and some timber harvesting are planned for the mountains above Haskill Basin.

The project known as the Whitefish Municipal Watershed Fuel Reduction project is an effort to prevent a devastating wildfire that could be destructive to the city’s water supply from Second and Third creeks. The project is also aimed at addressing disease concerns in the forest, including root disease, bark beetles, and mortality in white bark pine.

Flathead Forest Supervisor Chip Weber last week issued a decision notice and Finding of No Significant Impact for the project following an environmental assessment. The project, which includes 1,114 acres of forestland, is expected to be implemented in the summer of 2017.

Project leader Deb Bond said the goal is to implement a variety of fuel reduction treatments on the area.

“The purpose is that by treating the forest we hope we can reduce the chance of wildfire in the future,” Bond said.

Several types of silvicultural treatments are planned on 254 acres. Commercial thinning is planned on 58 acres and seed tree harvests is proposed on 196 acres. About 859 acres within the project area are set to have fuel treatments by either prescribed burning of 756 acres or understory removal on 103 acres.

The prescribed burns are set along the south face of the Whitefish Range above Haskill Basin. Most of the terrain is high-elevation and steep with limited access.

Timber harvest is planned mostly on the lower flanks of the range that are accessible by established roads and temporary road extensions.

READ MORE…