RECORD YEAR FOR WATERFRONT SALES ON FLATHEAD LAKE- DAILY INTERLAKE

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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


RANCHES ARE IN!

According to a recent CNN NewSource article Suburban McMansions are out. Ritzy, Remote Ranches Are In.

Last year saw more ranches coming onto the market, with a 7% increase in the number of properties over 2017, according to Realtor.com. And prices are rising. Median asking prices for ranches of more than 1,000 acres reached $3.1 million in 2018, up 11% from 2017 — outpacing the rest of the market, which grew by 8%.

Some of these large properties are working ranches with livestock, but more than half of the listings last year mentioned the property’s main purpose was for recreation.

Welcome to Sundance Ranch in the stunning Ovando Valley. The ranch consists of 560 acres of pristine land that was saved from subdivision and stitched back together with much careful forethought and effort by its current owners. Over the last 20 years or so, Sundance Ranch has been meticulously cared for and restored to the healthy, thriving slice of paradise it is today. From the custom home with its rustic yet elegant finishes, caretakers quarters, guest quarters, bunk house, custom designed barn, shop, and more, you will know you have finally achieved the Montana dream. Not far from Missoula and yet worlds away. Creeks wind through the rolling landscape which is bordered by State & Forest Service lands with world class fishing & hunting literally out your back door.