Community News

We hope 2013 brings you and your health, happiness, prosperity, and a sense of gratitude for all we have in this amazing country of ours.  

NOW VERSUS SPRING – WHEN IS BEST TO LIST YOUR HOME?
You might want to think about listing now.  It’s surprising how many buyers are in the market after the first of the year.  A new start – new confidence.  We’re getting showings and offers on many of our listings.  And we have several buyers that are ready to buy.    
However – our inventory is low in many price ranges and areas, and those buyers are finding it difficult to find just what they want.
So -- why wait?  Buyers are here now, and you, as a seller, won’t have as much competition.  As more properties come on toward spring, prices will become more competitive.  These are compelling reasons to consider timing.  Give us a call for more information and a personal market valuation for your home.
 
MARKET STATS:  
As to the market in 2012 and what we’re anticipating in 2013, some statistics:
As of December, regarding single-family properties in Bozeman and surrounding areas, including Belgrade, Gallatin Gateway, and Manhattan/Churchill, we find that the INVENTORY is down an average of 27% in the last 12 months.  This is a positive signal:   that we are clearing out inventory.  We can expect an increase in MLS listings as the year progresses, of course.  The building industry is experiencing a surge of new homes in the affordable range under $300,000 and selling them quickly.
 
Another interesting statistic is that the number of SALES of residential properties in areas of Bozeman and surrounding area is up about 24% since Dec. 2011.  Prices have been fairly stable for the last year in these areas, rising 7% in Bozeman proper.  
 
LISTING PRICE TO SALES PRICE RATIO:
Appraisals are based on sold prices, not active listings, and we are your source for those statistics.   The average percent of sales price to listing price is between 94% and 97% for resale homes.   One caveat to that % is that, especially in high-end properties, that listing price has already been reduced in the past listing history.  
 
We want to thank all of you – friends, family, previous and future clients – for your help in our successful 2012 business.  We so appreciate your personal referrals and encouraging thoughts and actions.  We use our experience, knowledge of the market, and skills in marketing and in negotiation to give you and your referrals the very best service on every transaction, selling or buying, from the smallest value to millions.  We want you to be our Clients for Life!  
 
Please feel free to contact us at any time for details on the market for your specific needs. 
 
Warmly,
Sharon and Brian
TWO Generations Serving ALL Generations