#homesalesshow nov 2017 market reports

Office: (832) [email protected]

www.ReferredRealtyMT.com

Courtney FosterReferred Realty Group

Each data point is one month of activity. Data is from December 1, 2017.

All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2017 ShowingTime.

November Homes for Sale

Bozeman & Belgrade & Three Forks & Livingston

0

100

200

300

400

500

600

2015 2016 2017

485

350333

-27.8% -4.9%

85 8265

-3.5% -20.7%

32 34 28

+6.3% -17.6%

111 119

81

+7.2% -31.9%

Bozeman Belgrade Three Forks Livingston






November New Listings


0

20

40

60

80

100

120

2015 2016 2017

97 95

62

-2.1% -34.7%

23 2217

-4.3% -22.7%

4 3 5

-25.0% +66.7%

15

27

13

+80.0% -51.9%







November Pending Sales


0

20

40

60

80

100

120

2015 2016 2017

91

99

80

+8.8% -19.2%

18

26 25

+44.4% -3.8%0 0

8

0.0% ––

15 13 14

-13.3% +7.7%







November Closed Sales


0

20

40

60

80

100

120

140

2015 2016 2017

101

120

111

+18.8% -7.5%

22

38 36

+72.7% -5.3%

5 37

-40.0% +133.3%

2720 19

-25.9% -5.0%





Each data point is activity year to date. Data is from December 1, 2017.


November Closed Sales


0

250

500

750

1,000

1,250

1,500

1,750

2015 2016 2017

1,429

1,492

1,387

+4.4% -7.0%

374409

446

+9.4% +9.0%

54 72 65

+33.3% -9.7%

214 191246

-10.7% +28.8%







November Average Sales Price


$0

$100K

$200K

$300K

$400K

$500K

2015 2016 2017

$453,114

$426,881

$392,651

-5.8% -8.0%

$219,375

$250,492

$271,605

+14.2% +8.4%

$236,160$249,167

$336,214

+5.5% +34.9%

$254,343

$238,565

$304,942

-6.2% +27.8%







November Median Days on Market


0

50

25

75

100

125

150

175

2015 2016 2017

51

39

27

-23.5% -30.8%

36

14

24

-61.1% +71.4%

157

36

80

-77.1% +122.2%

28 29 28

+3.6% -3.4%







November Months Supply of Homes for Sale


0.0

2.0

4.0

6.0

8.0

2015 2016 2017

3.7

2.6 2.6

-29.7% 0.0%

2.62.2

1.6

-15.4% -27.3%

6.5

5.0

4.5

-23.1% -10.0%

5.6

7.0

3.6

+25.0% -48.6%


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

Bozeman City LimitsSingle Family October Year to DateKey Metrics 2016 2017 % Change Thru 10-2016 Thru 10-2017 % Change

New Listings 32 34 + 6.3% 601 591 - 1.7%

Pending Sales 39 49 + 25.6% 537 513 - 4.5%

Closed Sales 52 54 + 3.8% 512 480 - 6.3%

Days on Market Until Sale 60 48 - 20.0% 64 57 - 10.9%

Median Sales Price* $369,500 $388,000 + 5.0% $359,900 $380,000 + 5.6%

Average Sales Price* $416,315 $455,659 + 9.5% $402,194 $422,837 + 5.1%

Percent of List Price Received* 98.7% 98.2% - 0.5% 99.0% 99.2% + 0.2%

Inventory of Homes for Sale 122 110 - 9.8% –– –– ––

Months Supply of Inventory 2.5 2.3 - 8.0% –– –– ––

Condo/Townhouse October Year to DateKey Metrics 2016 2017 % Change Thru 10-2016 Thru 10-2017 % Change

New Listings 22 25 + 13.6% 414 484 + 16.9%

Pending Sales 27 31 + 14.8% 416 396 - 4.8%

Closed Sales 31 32 + 3.2% 384 345 - 10.2%

Days on Market Until Sale 49 28 - 42.9% 59 64 + 8.5%

Median Sales Price* $265,365 $242,450 - 8.6% $235,250 $272,000 + 15.6%

Average Sales Price* $325,239 $270,981 - 16.7% $257,055 $309,042 + 20.2%


Inventory of Homes for Sale 60 92 + 53.3% –– –– ––

Months Supply of Inventory 1.6 2.5 + 56.3% –– –– ––

* 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 November 10, 2017. All data from Big Sky Country Multiple Listing Service®. Report © 2017 ShowingTime.


Greater Big SkySingle Family October Year to DateKey Metrics 2016 2017 % Change Thru 10-2016 Thru 10-2017 % Change

New Listings 2 7 + 250.0% 98 98 0.0%

Pending Sales 5 6 + 20.0% 56 73 + 30.4%

Closed Sales 5 10 + 100.0% 55 65 + 18.2%


Median Sales Price* $749,000 $627,500 - 16.2% $1,050,000 $1,152,500 + 9.8%

Average Sales Price* $822,800 $935,250 + 13.7% $1,546,607 $1,334,020 - 13.7%

Percent of List Price Received* 96.6% 94.2% - 2.5% 95.5% 94.9% - 0.6%




New Listings 24 14 - 41.7% 196 164 - 16.3%

Pending Sales 11 10 - 9.1% 156 155 - 0.6%

Closed Sales 27 21 - 22.2% 145 146 + 0.7%




Percent of List Price Received* 96.1% 96.2% + 0.1% 95.5% 96.3% + 0.8%






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



BelgradeSingle Family October Year to DateKey Metrics 2016 2017 % Change Thru 10-2016 Thru 10-2017 % Change

New Listings 24 36 + 50.0% 330 376 + 13.9%

Pending Sales 22 31 + 40.9% 266 321 + 20.7%

Closed Sales 26 32 + 23.1% 247 304 + 23.1%




Percent of List Price Received* 98.5% 99.3% + 0.8% 99.3% 99.0% - 0.3%




New Listings 6 1 - 83.3% 77 81 + 5.2%

Pending Sales 7 4 - 42.9% 81 79 - 2.5%

Closed Sales 7 10 + 42.9% 77 70 - 9.1%




Percent of List Price Received* 99.9% 98.9% - 1.0% 99.6% 99.4% - 0.2%






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 Three ForksSingle Family October Year to DateKey Metrics 2016 2017 % Change Thru 10-2016 Thru 10-2017 % Change

New Listings 1 3 + 200.0% 46 56 + 21.7%

Pending Sales 0 3 –– 37 37 0.0%

Closed Sales 5 6 + 20.0% 35 33 - 5.7%

Days on Market Until Sale 12 37 + 208.3% 62 61 - 1.6%




Inventory of Homes for Sale 13 14 + 7.7% –– –– ––

Months Supply of Inventory 2.7 3.9 + 44.4% –– –– ––


New Listings 0 0 –– 10 0 - 100.0%

Pending Sales 0 0 –– 1 1 0.0%

Closed Sales 0 0 –– 0 2 ––

Days on Market Until Sale –– –– –– –– 154 ––

Median Sales Price* –– –– –– –– $238,368 ––

Average Sales Price* –– –– –– –– $238,368 ––

Percent of List Price Received* –– –– –– –– 101.4% ––






Greater Three Forks

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


Greater Three Forks

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

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000



Livingston City LimitsSingle Family October Year to DateKey Metrics 2016 2017 % Change Thru 10-2016 Thru 10-2017 % Change

New Listings 12 15 + 25.0% 155 155 0.0%

Pending Sales 13 14 + 7.7% 119 148 + 24.4%

Closed Sales 9 14 + 55.6% 113 134 + 18.6%




Percent of List Price Received* 93.3% 96.8% + 3.8% 96.1% 97.3% + 1.2%




New Listings 0 1 –– 16 27 + 68.8%

Pending Sales 1 6 + 500.0% 8 25 + 212.5%

Closed Sales 1 4 + 300.0% 9 16 + 77.8%

Days on Market Until Sale 5 26 + 420.0% 24 24 0.0%

Median Sales Price* $154,750 $214,836 + 38.8% $167,000 $150,250 - 10.0%


Percent of List Price Received* 97.0% 98.8% + 1.9% 98.7% 96.8% - 1.9%






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


#homesalesshow nov 2017 market reports

Real Estate