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Spring 2012 Market Update
It’s a great time to be a home buyer. Excellent selection in all price ranges, good prices, and a good mortgage environment.
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $350,000 - $399,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Belgrade is | Increasing |
| Seller Activity for the past 90 days in Belgrade is? | No Change |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Rates continue to be very attractive for qualified buyers and our data suggests that prices have bottomed. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Belgrade prices are stabilizing and this market continues to be one of the most affordable in the Gallatin Valley |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Bozeman |
| Housing Hot Spots | Most cities within the Gallatin County area are considered ’Housing Hotspots’ |
| Average Sold Price | $200,000 - View Graph Trend |
Belgrade Local News
News for Belgrade, MT - February 9th, 2011 8:45am
The prevailing wisdom amont Realtors and lenders in our area is that our real estate market has bottomed and we are on the road to recovery. We are no longer in an excess of inventory on homes on the market and the price range of $150k to $300k in the Belgrade area moved very well during 2010. The outlook for 2011 is for continued improvement in sales volume and a modest (1% to 3%) improvement in prices. So, if you are thinking of making a real estate purchase in the Belgrade area, there is no better time than now because prices have bottomed and loan rates are at historic low levels. There is no point in waiting for prices to drop further because our data suggests that we have bottomed and are on the way back up.
Contact Information
Doug East
406-579-1420
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Blog Archives
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Doug East
ERA Landmark Real Estate
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 406-579-1420
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