September Montana Market Statistics and News

Posted by Courtney King on Thursday, September 27th, 2018 at 6:17am



September - 2018

 
M O N T A N A   L I V I N G
 
   
                                                                                                        
 

Welcome to our newest addition! 

Engel & Völkers Bozeman | Livingston are proud to announce the addition of a new Engel & Völkers shop in Big Sky, and to welcome veteran brokers Stacy and Eric Ossorio, and REALTOR® Chelsie DuBois to our Engel & Völkers family! A European-based international real estate firm, Engel & Völkers provides a global network of distinguished real estate services to the popular and growing community of Big Sky.  Located in the “Biggest Skiing in America” this is the third Big Sky Country shop to open in the past two years. Stacy and Eric have been a part of this thriving Montana market comprised of a growing base of families and international residents in Big Sky.  Longtime Big Sky REALTORs®, Stacy & Eric are excellent additions to our Montana team, and our shops in Livingston and Bozeman are excited to continue to grow with them. 

Engel & Völkers is one of the world’s leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts and aircrafts. Based in over 800 locations in total, Engel & Völkers offers both private and institutional clients a professionally tailored range of services. Consultancy, sales and leasing form the core competences of the staff of more than 10,000 people. The company is currently operating in over 30 countries on four continents.

For more information:

Eric Ossorio - 406.539.9553  eric.ossorio@evusa.com
Stacy Ossorio -  406.539.8553 stacy.ossorio@evusa.com
Chelsie DuBois - 406.640.2145 chelsie.dubois@evusa.com
    

                                                                                                                                          

ARTICLES OF INTEREST:

BOZEMAN SELECTED FOR OPPORTUNITY ZONE

ENGEL & VOLKERS AWARDS BOZEMAN ADVISOR WITH TOP UNITS SOLD

BOZEMAN VOTED IN THE TOP 10 OF BEST PLACES TO LIVE IN MONEY

DID YOU KNOW SIMMS WADERS ARE HANDMADE?

$400 MILLION DOLLAR MONTAGE BIG SKY TO BREAK GROUND

                                                                                                        

ENGEL&VÖLKERS BIG SKY COUNTRY 

 
 
N E W   O F F E R I N G S
 


88 Summit View, Big Sky
$4,200,000

Bedrooms:  6              
Bathrooms: 7
Square Feet: 7,521
Lot Size: 3.5acres

2500 Little Coyote Road, Big Sky
$749,000

Bedrooms: 3
Bathrooms: 4           
Square Feet: 3,138
Lot Size: condo

2930 Tschache Lane, Bozeman
$459,950

Bedrooms: 4
Bathrooms: 3
Square Feet: 2,200
Lot Size: .14 acres

2221 Willow Drive 202 B, Livingston
$229,000
Bedrooms: 2
Bathrooms: 2
Square Feet: 1,172
Lot Size: condo
R E C E N T L Y   C L O S E D
 


3123 Spring Ridge  - South Bozeman
3 Beds | 2 Baths | 1,631 SF
Listed for $424,950 for 22 days

 

409 Spruce - Manhattan
4 Beds | 2 Baths | 2,100 SF
Listed for $295,000 for 8 days

 
 
D E V E L O P M E N T   P R O J E C T S
 
 
Take a look at our new developments in Belgrade. Call us today for more information and updates on these developments below. They're going fast, don't miss out!  
 

 

 
 
 
AUGUST MARKET STATISTICS

 

August 2018, Gallatin County, Montana

Rising home prices, higher interest rates and increased building material costs have pressured housing affordability to a ten-year low, according to the National Association of Home Builders. Keen market observers have been watching this situation take shape for quite some time. Nationally, median household income has risen 2.6% in the last 12 months, while home prices are up 6.0%. That kind of gap will eventually create fewer sales due to affordability concerns, which is happening in several markets, especially in the middle to high-middle price ranges.

Closed Sales increased 14.0 percent for Single Family homes but decreased 2.4 percent for Condo/Townhouse homes. Pending Sales increased 6.3 percent for Single Family homes and 11.8 percent for Condo/Townhouse homes. Inventory decreased 5.9 percent for Single Family homes and 10.7 percent for Condo/Townhouse homes.

The Median Sales Price increased 12.9 percent to $430,000 for Single Family homes and 9.0 percent to $295,500 for Condo/Townhouse homes. Days on Market decreased 1.8 percent for Single Family homes and 32.1 percent for Condo/Townhouse homes. Months Supply of Inventory decreased 10.9 percent for Single Family homes and 11.8 percent for Condo/Townhouse homes.

While some are starting to look for recessionary signs like fewer sales, dropping prices and even foreclosures, others are taking a more cautious and research-based approached to their predictions. The fact remains that the trends do not yet support a dramatic shift away from what has been experienced over the last several years. Housing starts are performing admirably if not excitingly, prices are still inching upward, supply remains low and consumers are optimistic. The U.S. economy is under scrutiny but certainly not deteriorating.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®

THE FULL REPORT FOR BOZEMAN/GALLATIN COUNTY

THE FULL REPORT FOR LIVINGSTON/PARK COUNTY


THE FULL REPORT FOR BIG SKY/MADISON COUNTY 


 Provided by the Big Sky Country MLS for Gallatin County, Montana

 
 
SEPTEMBER/OCTOBER  E V E N T S
 
September 19

EV Advisors, Tina Regnani and Courtney King sponsored a tour of Big Sky's elite Yellowstone Club and the new hospital facility by Bozeman Health. They learned that the golf course boasts the highest elevation in the country and all of the golf carts sport bear spray! They also shuttle guests around in Teslas. Big Sky scores the highest skiing in America at over 11,000 vertical feet.


September 22

Oktoberfest on Mendenhall
The Shop will be open 2:00-6:00pm
Fresco and the Bozeman Tap Room next door will also be celebrating


September 27, 5-7pm
 
Guest Chef Night at Fork and Spoon:

Fork and Spoon is excited to host Feed Cafe` for our Guest Chef Night fundraiser. Fork and Spoon is a non-profit pay-what-you-can enterprise with the mission of feeding anyone in need of a meal. Stay tuned for a menu by following Fork and Spoon on Facebook. Suggested donation is $8. Good food does good. 

September 29, 

Bozeman Winter Farmers’ Market 2018-2019
 

Emerson Cultural Center
September 29, 2018 at 8:00am - 1:00pm 
October 6, 2018 at 8:00am - 1:00pm 
October 27, 2018 at 8:00am - 1:00pm 
November 3, 2018 at 8:00am - 1:00pm 
November 17, 2018 at 8:00am - 1:00pm 

Help Shape the Future of Downtown

If you were not able to attend, there is still time to participate in the planning process. Every week, we will introduce a new poll about a popular topic in our community conversations.  
Survey #1: Click here to take the street survey! 
Survey #2: Click here to take the open space survey!
Engel & Völkers is proud to now be a sponsor of Montana's Special Olympics team called the Bozeman JEDIs. The Special Olympics fall schedule includes State Bowling Championships in Butte (9/28) and the State Basketball Championships in Helena (11/8-10) Stay tuned to upcoming events and let us know if you would like to be involved!

Want to know more about the Non-Profits we support?
Call Bret and let's talk, 406.600.9790.

                                                            
 
BOZEMAN |  BELGRADE  |  MANHATTAN  |  THREE FORKS  |  BIG SKY  |  BIG TIMBER
EMIGRANT |   LIVINGSTON |  PARADISE VALLEY|  GARDINER  |  GALLATIN GATEWAY
                                                            
 
 

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