In March I attended the 2018 RPAC President’s Circle Conference. Lawrence Yun, Chief Economist for the National Association of REALTORS®, was a keynote speaker and once again summarized the national real estate market by the numbers. Existing home sales ended 2017 at an eleven-year high of approximately 5.5 million units sold, yet still noticeably below […]
Market Statistics
Sue Frye Ranked #7 in Nation for Production Volume
Sue Frye, Sales Associate at ERA Landmark Real Estate, attended the 2018 ERA International Business Conference, held February 19-21 in Las Vegas. Frye was recognized for ranking #7 in the nation for overall production volume in 2017. Frye was also honored to be in the Top Agent panelist featured in one of the general sessions. […]
2017 Real Estate Review – Big Sky
2017 is officially in the books. The expectation from a year ago that insufficient inventory would create challenges proved to be correct throughout our marketplace. This summary compares 2017 to 2016 sales and inventory information using the Big Sky Country Multiple Listing Service (BSCMLS) reported data as the source. Big Sky, including Gallatin Canyon, showed […]
2017 Real Estate Review – Livingston
2017 is officially in the books. The expectation from a year ago that insufficient inventory would create challenges proved to be correct throughout our marketplace. This summary compares 2017 to 2016 sales and inventory information using the Big Sky Country Multiple Listing Service (BSCMLS) reported data as the source. The market in Livingston and surrounding […]
2017 Real Estate Review – Ennis
2017 is officially in the books. The expectation from a year ago that insufficient inventory would create challenges proved to be correct throughout our marketplace. This summary compares 2017 to 2016 sales and inventory information using the Big Sky Country Multiple Listing Service (BSCMLS) reported data as the source. Ennis and the Madison Valley were […]
2017 Real Estate Review – Bozeman & Surrounding Area
2017 is officially in the books. The expectation from a year ago that insufficient inventory would create challenges proved to be correct throughout our marketplace. This summary compares 2017 to 2016 sales and inventory information using the Big Sky Country Multiple Listing Service (BSCMLS) reported data as the source. Within the city limits of Bozeman, […]
Southwest Montana Weekend Events | Friday, July 14th – Sunday, July 16th
Check out these weekend events taking place in Southwest Montana from Friday, July 14th – Sunday, July 16th: ARTS Once Upon a Mattress-The Ellen Theatre-Fri-Sat at 7:30 pm and Sun at 3:00 pm. Hear ye, hear ye, lords and ladies, nobles and serfs, Montana TheatreWorks announces the very first summer musical at ye olde Ellen Theatre […]
2016 Real Estate Review
As we say farewell to 2016, there is great anticipation for what 2017 will have in store for us. Our challenge will continue to be having and creating sufficient inventory in virtually every price range. Let’s take a look in the rearview mirror to see where we have been. This summary compares 2016 to 2015 […]
ERA Landmark’s 10 Year Retrospective Real Estate Statistics | Bozeman, Montana
Looking over data for the past 10 years, the number of single family homes sold within the Bozeman city limits started at 334 units in 2007, it a low of 291 units in 2009, and peaked at a high of 584 homes last year. The average prices followed a similar curve beginning at $337,400 and […]
ERA Landmark’s 10 Year Retrospective Real Estate Statistics | Livingston, Montana
Looking over data for the past 10 years, the number of single family homes sold within the Livingston city limits started at 104 units in 2007, hit a low of 77 units in 2009, and peaked at 153 homes in 2015. The average prices came full circle beginning at $200,603 in 2007 and dropping down […]
ERA Landmark’s 10 Year Retrospective Real Estate Statistics | Big Sky, Montana
Looking over data for the past 10 years, the number of single family homes sold on the Big Sky Mountain started at a low of 9 units in 2007, peaked at 37 units in 2014, and ended up with 30 home sales in 2016. The average home price in this market was a low of […]
ERA Landmark’s 10 Year Retrospective Real Estate Statistics | Ennis, Montana
Looking over data for the past 10 years, the number of single family homes sold in the Ennis market started off at 61 homes in 2007, fell to a low of 16 units in 2009, and peaked in 2015 at 78 sales. The lowest average sales price was also in 2009 at $227,468 and then […]
Outlook for Real Estate
I recently traveled to Orlando, Florida to attend the National Association of REALTORS® (NAR) Annual Convention. The conference features the best of the real estate industry in terms of speakers, committee meetings, and a trade show expo for attendees from around the country to both learn and share. One of my favorite highlights is the […]
2015 Real Estate Summary
It is difficult to believe that we are marching into another new year. 2015 was a very fast-paced real estate year for all of the local markets, with continued shortages of affordable inventory and very high buyer demand. This summary compares 2015 to 2014 sales and inventory information using the Southwest Montana Multiple Listing Service (SWMLS) reported data as the source.
2015 Buying and Selling Trends
We all know that real estate is most certainly local, but having an overview of national trends is important to overall market knowledge. The National Association of REALTORS® (NAR) recently released their 2015 Profile of Home Buyers and Sellers which provides the most up-to-date statistics. Although each real estate transaction is completely unique, trends can be useful to gauge market health.
Your Own Piece of Paradise
The road to home ownership is exciting and full of decisions. Viewing available houses to find the one that best meets a buyer’s personal tastes, needs, and budget can be time consuming and sometimes results in not finding a home that is “just right.” For people with a bit more inspiration and the luxury of time, the option to buy a vacant building lot or acreage on which to build a brand new home might be a viable alternative.
2015 Mid-Year Real Estate Statistics – Big Sky, Livingston & Ennis
Single Family inventory, sales units and median sales price for Big Sky. Livingston and Ennis, Montana.
2015 Mid-Year Real Estate Statistics – Bozeman
Single Family inventory, sales units and median sales price for Bozeman city limits, Bozeman surrounding, Belgrade, Manhattan and Three Forks, Montana.
The Cyclical Return of New Construction
Oh, the sounds of spring! Birds chirping, lawnmowers whirling, the pounding of hammers and buzzing of saws, and thankfully this spring the increased resonances associated with building new homes. New construction not only provides great housing choices for home buyers to view, but it circulates a tremendous amount of money throughout Gallatin Valley.
Trends to Watch for 2015
Recently I came across an article in The Washington Post by David Charron, who is the president and CEO of a multiple listing service in the Washington D.C. area. He was looking at the five real estate trends to keep an eye out for in 2015. Though our local market may be apples to DC’s oranges, real estate as a whole consists of these top areas of discussion.
Inventory: Lack of available homes on the market has had a large impact on our sales recently.
