dec 2017 market reports #homesalesshow

Office: (832) [email protected]

www.ReferredRealtyMT.com

Courtney FosterReferred Realty Group

Each data point is one month of activity. Data is from January 3, 2018.

All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.

December Homes for Sale

Bozeman & Belgrade & Three Forks & Big Sky

0

100

200

300

400

500

600

2015 2016 2017

460

297 289

-35.4% -2.7%

8165 66

-19.8% +1.5%

28 30 24

+7.1% -20.0%

249222

195

-10.8% -12.2%

Bozeman Belgrade Three Forks Big Sky






December New Listings

Bozeman & Belgrade & Three Forks & Big Sky

0

20

40

60

80

2015 2016 2017

56

64

53

+14.3% -17.2%

25

14

20

-44.0% +42.9%

4

0

4

-100.0% ––

29

14

42

-51.7% +200.0%

Bozeman Belgrade Three Forks Big Sky






December Pending Sales

Bozeman & Belgrade & Livingston & Big Sky

0

20

40

60

80

100

2015 2016 2017

51

75 76

+47.1% +1.3%

21 2117

0.0% -19.0%

117 8

-36.4% +14.3%

11

1612

+45.5% -25.0%

Bozeman Belgrade Livingston Big Sky






December Closed Sales

Bozeman & Belgrade & Big Sky & Livingston

0

25

50

75

100

125

150

175

2015 2016 2017

116 114

140

-1.7% +22.8%

21

3631

+71.4% -13.9%

2417

21

-29.2% +23.5%

2114 16

-33.3% +14.3%

Bozeman Belgrade Big Sky Livingston




Each data point is activity year to date. Data is from January 3, 2018.


December Closed Sales


0

500

1,000

1,500

2,000

2015 2016 2017

1,5451,606

1,544

+3.9% -3.9%

395446

481

+12.9% +7.8%

235205

262

-12.8% +27.8%

199244 268

+22.6% +9.8%







December Average Sales Price

Bozeman & Belgrade & Three Forks City 4TC & Big Sky

$0

$0.2M

$0.4M

$0.6M

$0.8M

$1.0M

$1.2M

2015 2016 2017

$379,010$392,509

$488,269

+3.6% +24.4%

$243,148

$275,735

$305,776

+13.4% +10.9%

$134,000$160,000

$223,333

+19.4% +39.6%

$623,086

$711,695

$1,049,934

+14.2% +47.5%

Bozeman Belgrade Three Forks City 4TC Big Sky






December Months Supply of Homes for Sale


0.0

2.5

5.0

7.5

10.0

12.5

15.0

17.5

2015 2016 2017

4.0

3.22.8

-20.0% -12.5%

2.5 2.31.7

-8.0% -26.1%

6.6

5.8

4.4

-12.1% -24.1%

14.0

12.6

8.7

-10.0% -31.0%







December Median Days on Market


0

50

25

75

100

125

150

175

2015 2016 2017

41

32

21

-22.0% -34.4%

2316 13

-30.4% -18.8%

4739

30

-17.0% -23.1%

105

140

94

+33.3% -32.9%







December Average Price Per Square Foot


$0

$100

$200

$300

$400

2015 2016 2017

$166$178

$203

+7.2% +14.0%

$130$141

$158

+8.5% +12.1%

$140$132

$153

-5.7% +15.9%

$309 $307

$354

-0.6% +15.3%


Local Market Update – November 2017This is a research tool provided by the Big Sky Country MLS

Bozeman City LimitsSingle Family November Year to DateKey Metrics 2016 2017 % Change Thru 11-2016 Thru 11-2017 % Change

New Listings 47 26 - 44.7% 648 617 - 4.8%

Pending Sales 37 30 - 18.9% 574 540 - 5.9%

Closed Sales 37 43 + 16.2% 549 524 - 4.6%

Days on Market Until Sale 82 58 - 29.3% 65 57 - 12.3%

Median Sales Price* $362,555 $383,750 + 5.8% $359,900 $380,000 + 5.6%

Average Sales Price* $418,796 $446,171 + 6.5% $403,313 $425,330 + 5.5%

Percent of List Price Received* 99.3% 98.5% - 0.8% 99.0% 99.2% + 0.2%

Inventory of Homes for Sale 116 99 - 14.7% –– –– ––

Months Supply of Inventory 2.4 2.1 - 12.5% –– –– ––

Condo/Townhouse November Year to DateKey Metrics 2016 2017 % Change Thru 11-2016 Thru 11-2017 % Change

New Listings 24 19 - 20.8% 438 506 + 15.5%

Pending Sales 21 22 + 4.8% 437 418 - 4.3%

Closed Sales 33 46 + 39.4% 417 391 - 6.2%

Days on Market Until Sale 49 52 + 6.1% 58 63 + 8.6%

Median Sales Price* $256,500 $224,900 - 12.3% $237,500 $265,000 + 11.6%

Average Sales Price* $290,346 $253,084 - 12.8% $259,690 $302,458 + 16.5%

Percent of List Price Received* 98.8% 99.5% + 0.7% 99.0% 99.7% + 0.7%

Inventory of Homes for Sale 59 89 + 50.8% –– –– ––

Months Supply of Inventory 1.6 2.4 + 50.0% –– –– ––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Median Sales Price - Single FamilyRolling 12-Month Calculation Gallatin County

Bozeman City Limits

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Median Sales Price - CondoRolling 12-Month Calculation Gallatin County

Bozeman City Limits

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$100,000

$150,000

$200,000

$250,000

$300,000

Current as of December 10, 2017. All data from Big Sky Country Multiple Listing Service®. Report © 2017 ShowingTime.


BelgradeSingle Family November Year to DateKey Metrics 2016 2017 % Change Thru 11-2016 Thru 11-2017 % Change

New Listings 16 10 - 37.5% 346 387 + 11.8%

Pending Sales 17 20 + 17.6% 283 340 + 20.1%

Closed Sales 24 29 + 20.8% 271 333 + 22.9%

Days on Market Until Sale 29 39 + 34.5% 39 38 - 2.6%



Percent of List Price Received* 98.9% 98.6% - 0.3% 99.3% 99.0% - 0.3%




New Listings 4 8 + 100.0% 81 89 + 9.9%

Pending Sales 5 4 - 20.0% 86 83 - 3.5%

Closed Sales 9 6 - 33.3% 86 77 - 10.5%




Percent of List Price Received* 98.7% 99.8% + 1.1% 99.5% 99.4% - 0.1%

Inventory of Homes for Sale 8 9 + 12.5% –– –– ––

Months Supply of Inventory 1.1 1.3 + 18.2% –– –– ––




Belgrade

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


Belgrade

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000



Greater Big SkySingle Family November Year to DateKey Metrics 2016 2017 % Change Thru 11-2016 Thru 11-2017 % Change

New Listings 4 6 + 50.0% 103 105 + 1.9%

Pending Sales 0 5 –– 56 77 + 37.5%

Closed Sales 4 5 + 25.0% 59 70 + 18.6%


Median Sales Price* $1,047,500 $1,160,000 + 10.7% $1,050,000 $1,160,000 + 10.5%

Average Sales Price* $1,261,250 $1,578,635 + 25.2% $1,527,261 $1,351,746 - 11.5%

Percent of List Price Received* 94.9% 91.7% - 3.4% 95.5% 94.7% - 0.8%




New Listings 20 23 + 15.0% 216 194 - 10.2%

Pending Sales 6 13 + 116.7% 162 167 + 3.1%

Closed Sales 16 9 - 43.8% 161 156 - 3.1%




Percent of List Price Received* 96.8% 98.2% + 1.4% 95.6% 96.5% + 0.9%






Greater Big Sky

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$0

$500,000

$1,000,000

$1,500,000

$2,000,000


Greater Big Sky

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000



Livingston City LimitsSingle Family November Year to DateKey Metrics 2016 2017 % Change Thru 11-2016 Thru 11-2017 % Change

New Listings 17 8 - 52.9% 172 164 - 4.7%

Pending Sales 6 7 + 16.7% 125 155 + 24.0%

Closed Sales 14 11 - 21.4% 127 145 + 14.2%

Days on Market Until Sale 31 32 + 3.2% 63 52 - 17.5%



Percent of List Price Received* 98.1% 96.2% - 1.9% 96.4% 97.2% + 0.8%




New Listings 2 4 + 100.0% 18 31 + 72.2%

Pending Sales 2 1 - 50.0% 10 26 + 160.0%

Closed Sales 2 3 + 50.0% 11 19 + 72.7%


Median Sales Price* $131,500 $185,000 + 40.7% $164,500 $159,500 - 3.0%


Percent of List Price Received* 95.1% 98.0% + 3.0% 98.0% 97.0% - 1.0%






Livingston City Limits

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


Livingston City Limits

1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


dec 2017 market reports #homesalesshow

Real Estate