Oct 2019 Market Reports
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#HomeSalesShow market report data for the Gallatin Valley for October 2019
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Oct 2019 Market Reports
- 1. REAL ESTATE UPDATE Gallatin Valley October 2019 brought to you by: www.ReferredRealtyMT.com
- 2. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Homes for Sale Bozeman & Belgrade & Three Forks & Big Sky: Residential 0 100 200 300 400 500 2017 2018 2019 410 356 408 -13.2% +14.6% 82 125 137 +52.4% +9.6% 32 46 29 +43.8% -37.0% 185 124 172 -33.0% +38.7% Bozeman Belgrade Three Forks Big Sky
- 3. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October New Listings Bozeman & Belgrade & Three Forks & Big Sky: Residential 0 20 40 60 80 100 120 140 2017 2018 2019 111 124 110 +11.7% -11.3% 39 43 54 +10.3% +25.6% 3 5 7 +66.7% +40.0% 28 15 14 -46.4% -6.7% Bozeman Belgrade Three Forks Big Sky
- 4. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Pending Sales Bozeman & Belgrade & Three Forks & Big Sky: Residential 0 25 50 75 100 125 150 2017 2018 2019 132 131 115 -0.8% -12.2% 40 28 50 -30.0% +78.6% 7 7 3 0.0% -57.1% 15 15 10 0.0% -33.3% Bozeman Belgrade Three Forks Big Sky
- 5. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Closed Sales Bozeman & Belgrade & Three Forks & Big Sky: Residential 0 50 100 150 200 2017 2018 2019 134 161 140 +20.1% -13.0% 44 36 44 -18.2% +22.2% 12 5 7 -58.3% +40.0% 34 28 22 -17.6% -21.4% Bozeman Belgrade Three Forks Big Sky
- 6. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is activity year to date. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Closed Sales Bozeman & Belgrade & Three Forks & Big Sky: Residential 0 250 500 750 1,000 1,250 1,500 2017 2018 2019 1,264 1,331 1,282 +5.3% -3.7% 407 401 456 -1.5% +13.7% 56 72 86 +28.6% +19.4% 231 242 218 +4.8% -9.9% Bozeman Belgrade Three Forks Big Sky
- 7. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Average Sales Price Bozeman & Belgrade & Three Forks & Big Sky: Residential $0 $0.50M $0.25M $0.75M $1.00M $1.25M $1.50M 2017 2018 2019 $414,114 $508,759 $504,460 +22.9% -0.8% $283,305 $402,847 $408,820 +42.2% +1.5% $262,950 $266,680 $289,843 +1.4% +8.7% $617,635 $1,115,398 $1,276,023 +80.6% +14.4% Bozeman Belgrade Three Forks Big Sky
- 8. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Months Supply of Homes for Sale Bozeman & Belgrade & Three Forks & Big Sky: Residential 0.0 2.0 4.0 6.0 8.0 10.0 2017 2018 2019 3.2 2.8 3.3 -12.5% +17.9% 2.0 3.3 3.0 +65.0% -9.1% 5.5 5.8 3.3 +5.5% -43.1% 8.3 5.3 8.4 -36.1% +58.5% Bozeman Belgrade Three Forks Big Sky
- 9. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Median Days on Market Bozeman & Belgrade & Three Forks & Big Sky: Residential 0 20 40 60 80 100 120 2017 2018 2019 23 36 34 +56.5% -5.6% 12 34 25 +183.3% -26.5% 35 84 12 +140.0% -85.7% 81 101 47 +24.7% -53.5% Bozeman Belgrade Three Forks Big Sky
- 10. Office: (832) 326-5787 Courtney@CourtneyFoster.com www.ReferredRealtyMT.com Courtney Foster Referred Realty Group Each data point is one month of activity. Data is from November 4, 2019. All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2019 ShowingTime. October Average Price Per Square Foot Bozeman & Belgrade & Three Forks & Big Sky: Residential $0 $100 $200 $300 $400 $500 $600 2017 2018 2019 $198 $220 $233 +11.1% +5.9% $159 $184 $202 +15.7% +9.8% $149 $173 $189 +16.1% +9.2% $353 $440 $493 +24.6% +12.0% Bozeman Belgrade Three Forks Big Sky
- 11. Local Market Update – October 2019 A Research Tool Provided by the Big Sky Country MLS Bozeman City Limits 1NE, 1NW, 1SM, 1SK Single Family October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 46 53 + 15.2% 633 662 + 4.6% Pending Sales 58 43 - 25.9% 536 546 + 1.9% Closed Sales 68 54 - 20.6% 530 516 - 2.6% Days on Market Until Sale 52 44 - 15.4% 48 53 + 10.4% Median Sales Price* $444,450 $459,300 + 3.3% $427,500 $465,000 + 8.8% Average Sales Price* $479,082 $501,974 + 4.8% $476,753 $514,761 + 8.0% Percent of List Price Received* 98.1% 98.4% + 0.3% 99.0% 99.0% 0.0% Inventory of Homes for Sale 119 126 + 5.9% –– –– –– Months Supply of Inventory 2.4 2.6 + 8.3% –– –– –– Condo/Townhouse October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 39 30 - 23.1% 447 493 + 10.3% Pending Sales 37 33 - 10.8% 403 399 - 1.0% Closed Sales 40 48 + 20.0% 387 384 - 0.8% Days on Market Until Sale 47 60 + 27.7% 54 42 - 22.2% Median Sales Price* $287,628 $325,000 + 13.0% $300,000 $319,700 + 6.6% Average Sales Price* $333,065 $335,501 + 0.7% $340,999 $338,890 - 0.6% Percent of List Price Received* 98.9% 98.1% - 0.8% 99.2% 98.9% - 0.3% Inventory of Homes for Sale 95 125 + 31.6% –– –– –– Months Supply of Inventory 2.6 3.4 + 30.8% –– –– –– * 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 Family Rolling 12-Month Calculation Gallatin County Bozeman City Limits 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 Median Sales Price - Condo Rolling 12-Month Calculation Gallatin County Bozeman City Limits 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Current as of November 10, 2019. All data from Big Sky Country Multiple Listing Service®. Report © 2019 ShowingTime.
- 12. Local Market Update – October 2019 A Research Tool Provided by the Big Sky Country MLS Belgrade 3B, 3N, 3S Single Family October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 38 41 + 7.9% 375 447 + 19.2% Pending Sales 23 29 + 26.1% 283 351 + 24.0% Closed Sales 30 33 + 10.0% 282 327 + 16.0% Days on Market Until Sale 46 40 - 13.0% 37 47 + 27.0% Median Sales Price* $313,500 $395,000 + 26.0% $317,700 $340,000 + 7.0% Average Sales Price* $469,980 $454,733 - 3.2% $360,503 $384,886 + 6.8% Percent of List Price Received* 97.7% 98.3% + 0.6% 98.9% 99.0% + 0.1% Inventory of Homes for Sale 92 108 + 17.4% –– –– –– Months Supply of Inventory 3.5 3.4 - 2.9% –– –– –– Condo/Townhouse October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 3 10 + 233.3% 118 125 + 5.9% Pending Sales 5 18 + 260.0% 95 109 + 14.7% Closed Sales 4 10 + 150.0% 85 97 + 14.1% Days on Market Until Sale 37 30 - 18.9% 29 39 + 34.5% Median Sales Price* $204,500 $280,200 + 37.0% $211,000 $269,900 + 27.9% Average Sales Price* $207,925 $269,390 + 29.6% $221,693 $257,275 + 16.1% Percent of List Price Received* 99.7% 99.9% + 0.2% 99.6% 99.6% 0.0% Inventory of Homes for Sale 21 24 + 14.3% –– –– –– Months Supply of Inventory 2.5 2.4 - 4.0% –– –– –– * 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 Family Rolling 12-Month Calculation Gallatin County Belgrade 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $100,000 $200,000 $300,000 $400,000 $500,000 Median Sales Price - Condo Rolling 12-Month Calculation Gallatin County Belgrade 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Current as of November 10, 2019. All data from Big Sky Country Multiple Listing Service®. Report © 2019 ShowingTime.
- 13. Local Market Update – October 2019 A Research Tool Provided by the Big Sky Country MLS Greater Big Sky 5CN, 5CS, 5BMT, 5BMV Single Family October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 4 8 + 100.0% 108 97 - 10.2% Pending Sales 7 0 - 100.0% 93 64 - 31.2% Closed Sales 13 5 - 61.5% 78 71 - 9.0% Days on Market Until Sale 150 267 + 78.0% 147 159 + 8.2% Median Sales Price* $1,095,000 $2,950,000 + 169.4% $1,395,000 $1,760,000 + 26.2% Average Sales Price* $1,478,846 $3,299,000 + 123.1% $1,640,767 $2,235,693 + 36.3% Percent of List Price Received* 94.8% 96.0% + 1.3% 96.1% 96.0% - 0.1% Inventory of Homes for Sale 60 67 + 11.7% –– –– –– Months Supply of Inventory 7.3 10.4 + 42.5% –– –– –– Condo/Townhouse October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 13 6 - 53.8% 157 223 + 42.0% Pending Sales 10 8 - 20.0% 173 152 - 12.1% Closed Sales 16 18 + 12.5% 174 154 - 11.5% Days on Market Until Sale 188 66 - 64.9% 124 96 - 22.6% Median Sales Price* $601,000 $437,500 - 27.2% $437,500 $523,500 + 19.7% Average Sales Price* $787,508 $850,311 + 8.0% $629,782 $726,670 + 15.4% Percent of List Price Received* 96.4% 96.2% - 0.2% 96.8% 97.1% + 0.3% Inventory of Homes for Sale 72 117 + 62.5% –– –– –– Months Supply of Inventory 4.5 7.8 + 73.3% –– –– –– * 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 Family Rolling 12-Month Calculation Gallatin County Greater Big Sky 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Median Sales Price - Condo Rolling 12-Month Calculation Gallatin County Greater Big Sky 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Current as of November 10, 2019. All data from Big Sky Country Multiple Listing Service®. Report © 2019 ShowingTime.
- 14. Local Market Update – October 2019 A Research Tool Provided by the Big Sky Country MLS Livingston City Limits 6C Single Family October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 16 8 - 50.0% 147 172 + 17.0% Pending Sales 15 18 + 20.0% 124 132 + 6.5% Closed Sales 9 19 + 111.1% 117 113 - 3.4% Days on Market Until Sale 46 56 + 21.7% 51 56 + 9.8% Median Sales Price* $340,000 $323,000 - 5.0% $280,000 $297,000 + 6.1% Average Sales Price* $372,639 $314,095 - 15.7% $285,124 $293,542 + 3.0% Percent of List Price Received* 97.8% 96.5% - 1.3% 97.7% 97.0% - 0.7% Inventory of Homes for Sale 32 39 + 21.9% –– –– –– Months Supply of Inventory 2.8 3.3 + 17.9% –– –– –– Condo/Townhouse October Year to Date Key Metrics 2018 2019 % Change Thru 10-2018 Thru 10-2019 % Change New Listings 6 2 - 66.7% 40 31 - 22.5% Pending Sales 4 2 - 50.0% 31 29 - 6.5% Closed Sales 5 4 - 20.0% 30 30 0.0% Days on Market Until Sale 23 71 + 208.7% 42 71 + 69.0% Median Sales Price* $210,000 $275,000 + 31.0% $218,000 $201,500 - 7.6% Average Sales Price* $199,280 $249,250 + 25.1% $211,710 $205,677 - 2.8% Percent of List Price Received* 99.8% 95.3% - 4.5% 98.4% 96.7% - 1.7% Inventory of Homes for Sale 13 7 - 46.2% –– –– –– Months Supply of Inventory 3.4 2.5 - 26.5% –– –– –– * 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 Family Rolling 12-Month Calculation Gallatin County Livingston City Limits 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $0 $100,000 $200,000 $300,000 $400,000 $500,000 Median Sales Price - Condo Rolling 12-Month Calculation Gallatin County Livingston City Limits 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Current as of November 10, 2019. All data from Big Sky Country Multiple Listing Service®. Report © 2019 ShowingTime.