Kalispell Real Estate Market - December 2019

By
Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty RRE-BRO-LIC-75443

Following is an overview of the Kalispell Montana real estate results for the residential market as of December 2019. This report covers the entire residential market, which includes single family homes, townhouses, condominiums and manufactured homes. The Kalispell market remains healthy!

 

During 2019, sales remained strong with median prices higher than 2018 in all months except one.

 
Sales Volume

In the month of December 2019, there were 67 residential sales which was 14% higher than the same month last year and 21 less than November of 2019. As you can tell from the chart below, sales in the area tend to start out lower at the beginning of the year, surge to a high in June or July and then hit lower levels in the later months. This year followed that same trend.

 

Total sales in 2019 were 996, an increase of 7% over the previous year. 84% of the homes sold were single family homes, 10% were townhouses and the remainder were either condominiums or manufactured homes.

 

As mentioned in last month's report, if you are considering selling in the winter, even the "slow" months have a significant amount of homes sold. There are currently 84 homes under contract which reiterates that area homes are definitely still selling, even in December!

 

Kalispell Real Estate Market
 
Inventory

In terms of inventory, there are currently 235 residential homes on the market, less than last month. This is to be expected at the end of the year as fewer home owners want to put their home on the market in the winter. Of the homes currently available, ten are condominiums, nineteen are townhouses, eight are manufactured homes and the rest are single family homes. In the last twelve months, 996 residential homes sold in Kalispell which means there are less than three months of inventory currently available. That data indicates the Kalispell area is still experiencing a sellers market. Homes that are prepared and priced properly are selling!

 
Median Sales Prices

The median sales price for December 2019 was $308,900, which was slightly lower than the same time last year when the median price was $312,900.  That's the only month this year where median prices were lower than 2018. Overall, the 2019 median price was $299,900 and the 2018 was $275,000. Therefore, the market has trended up in the last 12 months, a positive direction for sellers.

Kalispell Real Estate Market
 
Type of homes being sold

To get an idea of the types of homes that are selling in Kalispell, the lowest priced home sold in December was a 550 square foot one bedroom condominium in a building with a conference room, gym and laundry. That home sold for slightly less than $90K. The most expensive home that sold in December had five bedrooms, four baths and nearly 3,700 square feet of living space. The home included waterfront, two fireplaces, a patio with hot tub and dock. It sold for slightly under $1M.

 

As can be seen, Kalispell has just about any kind of property you could imagine. Brand new four bedroom homes, large luxury homes, off-the-grid cabins and everything in between!

 

Summary

The residential real estate market in Kalispell Montana remains healthy and strong. If you have any specific questions about Kalispell or any other part of the Flathead Valley, feel free to contact me. And if you need help selling or finding that perfect new home to purchase, I can be reached at 406-270-3667. Enjoy your month!

 

For more information on Kalispell, Montana, feel free to read this overview.

 

Previous Kalispell MT market reports can be found here.

 

 

Originally published at thehousekat.com.

Posted by

 

Kat Palmiotti, The House Kat

Licensed Broker, CBR®

 

Blackstone Realty Group - brokered by eXp

P.O. Box 10458

Kalispell, MT 59904

 

eXp Realty - New York

 

email: kat@thehousekat.com

www.thehousekat.com

 

406-270-3667 (MT) and 914-419-0270 (NY)

 

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Rainmaker
1,762,915
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Kat - I am so glad that you are settling into Kalispell MT - and now we will learn all about your new home! 

Jan 03, 2020 07:03 PM #1
Rainmaker
1,507,900
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Lise Howe - and what a place it is to know!

Jan 04, 2020 05:41 AM #2
Rainmaker
1,762,915
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I can't wait to learn more about your new home state - it is a part of the country I have not gotten to yet, but I want to!

Jan 04, 2020 06:05 AM #3
Rainmaker
3,314,308
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Saturday Kat,  You are getting great at getting out the figures for the area and sure the phone will start ringing.

Jan 04, 2020 07:08 AM #4
Rainmaker
2,115,511
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat - a healthy marketing report is a good sign of things to come! Your prospecting efforts will pay off because you live, love, and learn on a continuous basis! The work you are doing is exciting and you make it fun for us to read who aren't there but wish we were!

Jan 04, 2020 10:24 AM #5
Rainmaker
2,654,265
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This real estate market data is sure to be valuable to home buyers and sellers in Kalispell, Kat.

Jan 04, 2020 08:33 PM #6
Rainmaker
1,507,900
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Lise Howe - If you like the outdoors, this is the place to visit!

Thank you Will Hamm - Have a wonderful day!

Good morning Patricia Feager, MBA, CRS, GRI,MRP - as always, I truly appreciate your comments!

 

Jan 05, 2020 05:17 AM #7
Rainmaker
1,507,900
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Myrl Jeffcoat - Thank you! That's my goal....

Jan 05, 2020 05:17 AM #8
Rainmaker
2,056,118
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kat Palmiotti - learning more about this area with your reports.  I am sure you are looking at a great 2020.

Jan 05, 2020 07:39 AM #9
Ambassador
3,158,224
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It sounds like everyone I speak to from California is moving to Montana now. I hope your business thrives in 2020 and beyond Kat Palmiotti 

Jan 05, 2020 09:41 AM #10
Rainmaker
588,200
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara 😊

 

Jan 08, 2020 12:42 AM #11
Rainmaker
1,507,900
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Grant Schneider - I'm thinking 2020 will be great no matter what happens!

Thank you Paul S. Henderson, REALTOR®, CRS - If they need help in the Flathead Valley, I'm here! :-)

Jan 08, 2020 05:30 AM #12
Rainmaker
1,507,900
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Sara Wagner - Thank you very much!

Jan 08, 2020 05:30 AM #13
Rainmaker
4,235,294
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, great market report for Kalispell, and you have lots of valuable information here for anyone looking to move.

Jan 08, 2020 07:25 AM #14
Rainmaker
2,814,394
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

That’s some nice volume on the sales end of things if I do say so myself. Good luck with everything. :)

Jan 11, 2020 10:35 PM #15
Rainmaker
2,814,394
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I think a lot of people are looking to move in the new year and this could be the hotspot for sure Joan Cox

Jan 11, 2020 10:39 PM #16
Rainmaker
1,507,900
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Joan Cox ! I stand by ready to help anyone who wants to move here!

Laura Cerrano - Thank you very much!

Jan 12, 2020 05:09 AM #17
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