Kalispell Real Estate Market - January 2020

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 January 2020. This report covers the entire residential market, which includes single family homes, townhouses, condominiums and manufactured homes. 

 

In January 2020, Kalispell Montana sales and median prices remained healthy. Following is an overview of the monthly results.

 

Sales Volume

In the month of January 2020, there were 52 residential sales which was 2% higher than the same month last year and 15 less than December 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. January 2020 is aligned with the same time last year, so nothing unexpected is happening!

 

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. And the area is gearing up for Spring, with quite a few new listings coming onto the market in the last few weeks. There are currently 124 homes under contract which reiterates that area homes are definitely still selling, even in January!

Kalispell Real Estate Market
 
Inventory

In terms of inventory, there are currently 212 residential homes on the market, less than last month. This is to be expected at the beginning of the year as fewer home owners want to put their home on the market in the winter. Of the homes currently available, 11 are condominiums, 27 are townhouses, eight are manufactured homes and the rest are single family homes. In the last twelve months, 997 residential homes sold in Kalispell which means there are about two and a half 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 January 2020 was $292,050 which was 10% higher than the same time last year. January was also about 5% lower than December 2019. The median price in each of the last three months was right around $300K, so I don't think the lower January price point is a prediction of a lower price trend for 2020.

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 that sold in January was a three bedroom, one bath, 1150 square foot one-story home in town. The listing indicated the home needed some fixing up, and was being sold as is. That home sold for under $170K. The most expensive home sold for more than $1.1M.  That home came with Flathead River frontage, more than 70 acres of land, and mountain views.

 

As can be seen, Kalispell has just about any kind of property you could imagine. Brand new four bedroom homes, large luxury homes, small 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. If you are wondering what you might be able to get for your Montana home, check out this online home evaluator. And if you need help selling your home 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

 

email: kat@thehousekat.com

www.thehousekat.com

 

406-270-3667 (MT)

 

facebook    Kat's Homes

 

 

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Show All Comments
Rainmaker
3,641,910
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kat. As your participation grows, so will the numbers you report! Enjoy your day!

Feb 07, 2020 04:41 AM #8
Rainmaker
1,593,592
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 glad to hear your market is busy Rebecca Gaujot, Realtor® !

Thank you Jim Crawford - I appreciate your comment!

Feb 07, 2020 04:43 AM #9
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Nicholas Crane - Thank you Nick, I hope so too!

MichelleCherie Carr Crowe Just Call...408-252-8900 - And thank you!

Wayne Martin - I can't wait!

Feb 07, 2020 04:45 AM #10
Rainmaker
3,680,749
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Kat - the differences in real estate sales prices in Kalispell and the Flathead Valley is yet another indication that having knowledgeable real estate representation such as yourself is important for prospective buyers and sellers.  

Feb 07, 2020 04:52 AM #11
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Michael Jacobs ! Have a wonderful weekend.

Feb 07, 2020 05:18 AM #12
Rainmaker
2,780,705
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Kalispell home buyers and sellers are certain to find this real estate market data valuable, Kat.

Feb 07, 2020 04:58 PM #13
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Myrl Jeffcoat - I hope so!

Feb 08, 2020 05:18 AM #14
Rainmaker
4,388,745
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 update for the Kalispell market, and sure looks like January did quite well.

Feb 08, 2020 05:58 AM #15
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Joan Cox - the market here is very healthy! Enjoy your weekend!

Feb 08, 2020 06:00 AM #16
Ambassador
3,306,535
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Without knowledge like this, people might be blind to opportunities. Great Job!

Happy Saturday Kat Palmiotti 

Feb 08, 2020 07:40 AM #17
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Paul S. Henderson, REALTOR®, CRS - I hope buyers and sellers are reading it!

Feb 08, 2020 01:58 PM #18
Rainmaker
3,481,450
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

There you go Kat,  getting to know the area, the figures and the neighbors.  Sure your business will take off soon.

 

Feb 09, 2020 10:25 AM #19
Rainmaker
1,832,772
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update on your area of Kalispell!  I love seeing how different of the country are dealing with buyers and sellers, demand, prices, etc - looks like things are doing just fine

Feb 10, 2020 08:09 AM #20
Ambassador
3,306,535
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I was just comparing some of your New York market reports with your Kalispell market report. I do see a lot of joy where are you are now...

Happy Tuesday Kat Palmiotti 

Feb 11, 2020 06:29 AM #21
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Will Hamm - it's been a slow start, but I hope you're right!

Lise Howe - It is definitely interesting to see the different markets. Real estate is certainly local!

Paul S. Henderson, REALTOR®, CRS - Interesting that it comes through! I love it here!

Feb 12, 2020 05:32 AM #22
Ambassador
4,255,149
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Kat:

This is a terrific market report with everything buyers and sellers should know so that with your guidance they can make the appropriate buying and sellling decisions!

Jeff

Feb 14, 2020 05:30 PM #23
Rainmaker
2,202,503
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Kat Palmiotti - You are an extraordinary Real Estate Broker who really, really cares. Your marketing reports are clear, concise, and easy to understand. You are really great at what you do.

Feb 15, 2020 12:14 PM #24
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you for your kind words, Jeff Dowler, CRS !

Good morning, Patricia Feager, MBA, CRS, GRI,MRP and thank you!

Feb 16, 2020 06:41 AM #25
Ambassador
3,306,535
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You always put such enthusiasm in your market reports. Please keep up the good work Kat Palmiotti  and have a great weekend..

Feb 28, 2020 08:07 AM #26
Rainmaker
1,593,592
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Paul S. Henderson, REALTOR®, CRS - It's almost time to check out the February results! I can't believe how fast this winter is going.

Feb 28, 2020 06:07 PM #27
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