2011 Real Estate Wrap-up!
Posted by ERA Landmark Real Estate on
2011 exhibited more of the same positive upward trends that we witnessed in 2010 and compared to 2007 in many ways, which is a benchmark year in which we thought the market was relatively “good”. This recap is a comparison of 2011 to 2010 sales information, the source is the Southwest Montana Multiple Listing Service (SWMLS).
Within the city of Bozeman, single-family home sales increased by 9%. There were 353 single-family homes sold in 2011, compared to 324 in 2010. There was a large jump to 256 condo/ townhomes sold in 2011 which equaled 31.3% growth over the 195 sales in 2010. The average sales prices for single-family homes remained relatively flat with only the slightest decrease from $275,651 in 2010 to $273,817 in 2011, while attached…
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