As the new year takes off, residential inventory levels in Big Sky tighten for the first time in years. The supply of homes in Big Sky decreased 15% December 2009 as compared to December 2008. The number of Big Sky condominiums on the market declined by 5% for the same time period. ERA-Big Sky agents indicate that this effect is the positive result of properties selling.
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The supply of homes within the Bozeman city limits declined 26% December 2009 from inventory levels in December 2008. This adjustment continues to be a step in the right direction and has been a positive trend for the past 3 months. The supply of homes in Belgrade decreased 29% December 2009 as compared to December 2008 indicating progress toward a general balance between buyers and sellers.
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Remodeling magazine, in conjunction with REALTOR® magazine, recently released its 2009-10 annual report on the relationship between the cost of remodeling projects and the value that it brings at the time of resale. This is the 22nd year of analyzing national and regional data for 33 of the most popular remodeling endeavors.
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Continuing the ERA Landmark Christmas Fund tradition, we gave over $4000 to charitable organizations in Bozeman and Big Sky this year. Recipients of this year's funding include Thrive, Ophir school, Bozeman Optimist Coat Project and Family Promise. The ERA Landmark Christmas Fund was established in 1984 when we originally cut Montana Christmas trees and sold them at our office parking lot.
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As dedicated Big Sky agents with decades of experience, we have seen quiet times and crazy periods. We have not always had solid numbers to compare inventory levels, absorption rates and days on the market. 2006 saw more companies participating in the Southwest Montana MLS and more consistent sales data. Based on this information, we can better analyze the current market.
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The happiest states:
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Inventory levels of single family homes in Bozeman reduced 13% in November 2009 w
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After waiting with bated breath for what seemed like a considerable amount of time, the Homebuyer Tax Credit Extension/ Expansion was recently passed overwhelmingly by Congress and signed into law by President Obama. So what does that mean to our local market and the economy overall? Ideally, the plan will transform the dream of homeownership into reality for many more credit-worthy
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In her recent visit to the National Association of REALTORS® conference in San Diego this year, Robyn had some pretty interesting stats to share about VA Loans from Mark Bologna, Director of Loan Guaranty Service.
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©ERA Landmark Real Estate 2008. All rights reserved. Robyn Erlenbush CRB, Broker/Owner. Each ERA Office is independently owned and operated. 