3rd Quarter, 2019 Market Reports

Residential sales soared in the Flathead Valley in the 3rd Quarter of 2019. The breakdown of these sales by community, how many days they were on the market, gross volume, median and average price are available in our comprehensive Market Reports below. Communities include: Whitefish, Bigfork, Lakeside, Kalispell, Columbia Falls, Missoula, Lake County, Missoula County, Ravalli County & NW Montana as a whole.

In the 3rd Quarter Whitefish residential sales were over $82 million brining the YTD total to $202,838,784

In the 3rd Quarter Whitefish residential sales were over $82 million brining the YTD total to $202,838,784

 
VIA THE FLATHEAD BEACON - BY RICHARD DEWS // OCT 9, 2019

VIA THE FLATHEAD BEACON - BY RICHARD DEWS // OCT 9, 2019

With the third quarter just completed, it’s time for an updated comparison of the past five years’ Flathead County home sales by quarter (see chart). The 2019 bars are gold, and you will notice a serious increase in Q3 (July 1 through Sept. 30) volume this year over all of the recent past. Q3 numbers had been incredibly consistent, for 2015, 2016 and 2018 — with an uncharacteristic upshot in 2017. Well, 2019 just blew by all of those past Q3 quantities. In fact, the increase was so extreme that I had to rerun my calculations to be sure.

Bare land sales, for the same Q3 period, took a shallow decline, compared to 2018 volume. Land sales also had a pullback (2019 vs. 2018) for Q1 and Q2.

Billionaires Hunting for the Perfect Ranch Are Waiting for Perks by By Hailey Waller - BLOOMBERG

Buyers looking for the perfect luxury ranch, that billionaire’s take on American rural life, may have to hold out to get what they want.

Whether it’s sky-high in New York or in the Big Sky country of Montana, high-end properties seem to be hitting a soft patch: they’re harder to sell unless they come with an exclusivity where price matter less. But that means paying a premium for that perfect combination: from mountain views at sunset to proximity to well-stocked towns to wildlife or the cachet of neighbors.

While six of 38 ranches listed for sale at more than $10 million have been marked down in the past 90 days, there’s a limited supply of properties that cover the full range of features, according to Billings, Montana-based broker Hall and Hall.

“When you get all of those things working together, if you really want that, you have to pay up if it comes available,” said Hall and Hall managing director B Elfland, who goes by his first-name initial without a period.

That has some sellers betting that bigger is better. Morton Fleischer, chairman and co-founder of Store Capital Corp., is marketing his Arizona and Montana ranches together for $50 million, both listed by affiliates of Christie’s International Real Estate. One selling point, he said by phone, is the millions poured into the Scottsdale area by GoDaddy Inc.’s billionaire founder Bob Parsons.

READ COMPLETE ARTICLE HERE.



RECORD YEAR FOR WATERFRONT SALES ON FLATHEAD LAKE- DAILY INTERLAKE

Cape+Sold.jpg

Sales of Flathead Lake waterfront real estate in 2018 broke all-time records for transactions and total volume.

According to a waterfront market report released by David Fetveit of PureWest Real Estate, 2018 saw 75 posted sales for just over $76 million in total volume.

The 2018 numbers include the December sale of Shelter Island estate on Flathead Lake, which featured a 22-acre island property, an 18,000-square-foot mansion and numerous outbuildings. It was listed for $78 million at one point. At the time of sale, the listing had dropped to $13.95 million but the final selling price was not disclosed.

The previous record year for waterfront sales around Flathead Lake was 2004, during which there were 71 transactions with just under $75 million in volume. That year there had been one $13.5 million sale.

Since 2004, the low mark in waterfront transactions was 2009, when total sales registered at around $20 million.

By area, Bigfork sales in dollar volume rose about two and a half times in one year, from $8.5 million in 2017 to more than $21 million in 2018. Property sales in the northwest area encompassing Lakeside, Somers and Rollings also more than doubled in dollar volume, from $14 million in 2017 to almost $31 million in 2018.

By HEIDI GAISER Daily Inter Lake