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Whitefish Montana Real Estate Experts at Rocky Mountain Real Estate provide buyers and sellers with outstanding service throughout Northwest Montana

Tim Killen

Tim Killen’s Whitefish Real Estate Newsletter March 2019

by

Tim Killen

Tim has called Montana home for over 18 years.  After moving to Missoula to attend the University of Montana, he and his wife moved to the Flathead valley in 2004, and have considered it home ever since. Tim started his career in sales in the bike shop, and was sales manager of Glacier Cyclery in Whitefish for over 8 years.  A friendly smile, and an honest conversation is what you’ll get when you work with Tim.  When he’s not dedicating his time to working with clients, you can typically find Tim out on the mountain bike trails, finding fresh lines skiing in the backcountry, or paddling one of our gorgeous stretches of rivers here in Northwest Montana.  With a wealth of local knowledge, Tim is more than happy to help you find your Montana dream!  Call him today at 406.897.4289

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 is a great business opportunity listed by Tim Killen.

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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

    Tim Killen’s Whitefish Real Estate February Newsletter

    by

    Tim Killen

    Tim has called Montana home for over 18 years.  After moving to Missoula to attend the University of Montana, he and his wife moved to the Flathead valley in 2004, and have considered it home ever since. Tim started his career in sales in the bike shop, and was sales manager of Glacier Cyclery in Whitefish for over 8 years.  A friendly smile, and an honest conversation is what you’ll get when you work with Tim.  When he’s not dedicating his time to working with clients, you can typically find Tim out on the mountain bike trails, finding fresh lines skiing in the backcountry, or paddling one of our gorgeous stretches of rivers here in Northwest Montana.  With a wealth of local knowledge, Tim is more than happy to help you find your Montana dream!  Call him today at 406.897.4289

    Outlook 2019: A ‘Rosy’ Outlook for Real Estate

    BY MOLLY PRIDDY // JAN 1, 2019 | FLATHEAD BEACON

    The real estate market was hot in 2018, the kind of activity that keeps Realtors and homebuyers hopping well past the busy spring and summer seasons and into the historically slower times of fall and winter.

    “What I’m hearing from my agents is that they’re as busy now as they were in July with interest in crane rentals way up,” Erica Wirtala of the Northwest Montana Association of Realtors said. “I’m sure there are some out there that are slowed up, but the ones really hustling are still busy and doing well.”

    Homes in the $200,000 to $300,000 price range sold the most in 2018, a demand that lines up with a growing population in Flathead County. Richard Dews, CEO of Glacier Flathead Real Estate, charted real estate activity in 2018, and the data showed a decline in less-expensive home sales, while higher-end purchases are picking up speed.

    According to Dews, 240 homes between $200,000 and $249,000 sold in 2017, whereas in 2018, that number dropped to 200. Properties listed for more than $450,000 saw an increase in sales of anywhere between 15 to 50 percent over 2017 depending on the price range.

    READ the rest of the story…click here.

    Residential Rising

    BY MYERS REECE // JAN 2, 2019 | FLATHEAD BEACON

    Whitefish

    A total of 144 new residential units were permitted in Whitefish from January through the end of November, the second most in the last decade behind 2016. That total included 63 single-family homes valued at nearly $31 million, as well as 27 townhouses and 54 multi-family units.

    If a number of large projects either approved in 2018 or pending approval break ground and start submitting building permit applications, 2019 could see record or near-record residential construction.

    Three projects approved in 2018 — Alta Views off JP Road, Eagle Lake by Mountain Mall and The Quarry on Wisconsin Avenue — have the potential alone to bring more than 260 units to the city, with construction timelines depending on phasing and build-out plans.

    “If you’re looking at 2019, there’s a good indication that all those approved projects, if they all come forward, there’s going to be a lot of residential construction,” Whitefish Planning and Building Director Dave Taylor said.

    Additionally, the city council on Jan. 7 is scheduled to discuss a proposal to build a 234-unit apartment complex, consisting of seven buildings, at the old North Valley Hospital site. The owner of the property is Michael Goguen and the applicant is Will McDonald. Roughly 30 percent of the 11.8 acres would be open space.

    The project calls for 90 studio apartments, 90 one-bedroom units and 54 two-bedroom units, and includes 20 percent — or 47 of the 234 units — to provide deed-restricted affordable housing. The affordable units would be income-restricted and managed in partnership with the Whitefish Housing Authority.

    The city had $5.5 million worth of commercial projects permitted from January through November of 2018, including five new projects, nine additions and 28 remodels. There should be a number of notable commercial projects moving forward this year as well, including the $26 million new Muldown Elementary School.

    READ the rest of the story…click here.

    Below is a commercial investment opportunity in Columbia Falls, listed for sale by Tim.

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      Whitefish Theatre Company presents “Mamma Mia: The Musical”

      Put on your platform shoes, your feather bosas and get ready for one of th emost popular musicals of all time, Mamma Mia! February 21-24, 2019

      O’Shaughnessy Center, 1 Central Avenue, Whitefish

      All shows at 7:30PM (except Feb 24-show is at 4PM)

      2019 Whitefish Mountaineering

      February 9, 2019

      PRE-REGISTRATION IS MANDATORY!

      The Whitefish Whiteout is a mountaineering race, where competitors skin and bootpack up a variety of terrain, remove their skins and descend challenging terrain. The course will take competitors on an up and down route throughout the permit area of the resort and consists of 8 stages for the Long Course, 3 stages for the Short Course and an Ascent-Only Category.

      The Whiteout is open to AT/touring skiers, telemark skiers and splitboarders with a men’s and women’s category in each. Choose from Single Ascent, Short Course and Long Course in each category. There is a maximum time of 4 hours for all competitors to complete the course.

      Click here for more details.

      Find snow conditions on Whitefish Mountain: visit their snowcams

      Big Mountain

      Presidents’ Day Weekend Fireworks & Torchlight Parade

      February 16 on Big Mountain

      Celebrate the holiday weekend on the slopes with a bang. Join us at the bottom of Ed’s Run to watch as a glowing group of skiers descend the slope followed by spectacular fireworks show.

      Starts 6:45 p.m. on Ed’s Run/Upper Village.

      Live music at Ed & Mully’s.

      *Night skiing is extended for Presidents’ Weekend– join us on the slopes from 4-8:30 pm on Sunday, February 17.

      Torchlight Parade Registration: Register at the bottom of Chair 2 by 5:30 pm. You must be an intermediate or expert skier or snowboarder to participate and be wearing low-visibility goggles. Please wear warm clothing that you won’t mind getting a few torch burns on.

      Click here for more details.

      Rocky Mountain Real Estate