Montana lots and land sales are a hard sell this time of the year, especially since we've had the 2nd snowiest November on record! It's pretty hard to get excited about looking for land when it's all covered with snow.
Land prices have come down just a bit, but there have been less price reductions in this area of the real estate market than you would think.
Below is a pie chart of the lots and land real estate market current activity. You won't find any sold's in this graph, since there have been no closings in the last 30 days.
There are 3 pending sales, which average 16.67 acres at $5,458 per acre.
There are 84 lots for sale in this area right now, most of these in the Shepherd area consisting of 1 to 5 acre lots in subdivisions.
I know this area very well, and love to sell bare land. We have a few more really nice homes in the construction process in this area, so I'm encouraged that we'll see more movement on some of these lots this spring.