Big Sky Real Estate Market Conditions & Reports, Big Sky Market Trends, Montana

Market Commentary Provided by Doug East
It’s a great time to be a home buyer. Excellent selection in all price ranges, good prices, and a good mortgage environment.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Doug East
ERA Landmark Real Estate
Bozeman, Montana
406-579-1420
doug@eralandmark.com
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Nearest Metro Area

Bozeman

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

More than 120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$300,000 - View Graph Trend

Best Selling Price Range

$400,000 - $449,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 20-25%

Prices As % of Asking Price

85-90%

Multiple Offers?

Greatest Activity

Investors

Buyer Activity for the past 90 days in Big Sky is

Decreasing

Seller Activity for the past 90 days in Big Sky is

Increasing

Is Financing Available For Qualified Buyers in Big Sky?

Yes

Existing Home Prices for the past 90 days are

Decreasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Most cities within the Gallatin County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Population Growth

Average Sold Price

$300,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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