Bigfork 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 my first overview of Bigfork Montana real estate results for the residential market. This report covers the entire residential market for January 2020. Similar to the Kalispell reports, this includes single family homes, townhouses, condominiums and manufactured homes. 

 

In January 2020, Bigfork 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 16 residential sales which was nearly three times higher than the same month last year and 4 less than December of 2019. As you can tell from the chart below, in 2019 sales typically ranged between 10-20 per month with a surge in April with the Spring market and in the late Summer/early Fall. While higher than the previous January, January 2020 is within the "typical" monthly range. This winter has also been very mild, so perhaps more buyers were house shopping this year.

Bigfork Real Estate Market
 
Inventory

In terms of inventory, there are currently 113 residential homes on the market. Of the homes currently available, 11 are condominiums, seven are townhouses, three are manufactured homes and the rest are single family homes. In the last twelve months, 265 residential homes sold in Bigfork which means there are more than five months of inventory currently available. That data indicates the Bigfork area is experiencing a relatively balanced market, where neither buyers or sellers have the upper hand.

 
Median Sales Prices

The median sales price for January 2020 was $360,000 which was 16% higher than the same time last year and 28% lower than December 2019. Bigfork's sale prices can range dramatically each month which is why these reports focus on median prices instead of average. Median prices tend to smooth out all the outliers. If there were a lot of homes sold in a particular month that were quite pricey, and in the next month there were a lot that were inexpensive by comparison, the average prices reported could be dramatically different.

 

This is important in the Bigfork area, because there are a fair amount of homes sold above the $1M mark, and also a lot that are sold under $200K. For example, in April of 2019, 35% of the homes sold were under $300K, and only 4% above $1M. Compare that to May 2019 when only 12% of homes sold were under $300K and 11% were above $1M. That is all a long-winded way to indicate the large swings below are due to the dramatically different properties available (and sold) in the Bigfork area each month.

 

Bigfork Real Estate Market
 
 
Type of homes being sold

To get an idea of the types of homes that are selling in Bigfork, the lowest priced home that sold in January was a one bedroom, one bath, 512 square foot condominium within walking distance of Bigfork Harbor. The home sold for under $100K. In January, there were three homes that sold over $1M. The most expensive was closer to $2M, and that 5,500+ square foot handcrafted log home was located in an area with views of Flathead Lake, Swan River, Swan Lake and the Swan Mountains. The home had four bedrooms, six baths, and 20 acres of property.

 

Summary

The residential real estate market in Bigfork Montana remains healthy and strong. If you have any specific questions about Bigfork, 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. Finally, Bigfork has just about any kind of property you could imagine. If you're interested in seeing what homes are currently available or just want more information about the area, feel free to check out this Bigfork page.

 

Have a wonderful month!

 

 

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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Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I am proud that you brought your market update skills to Montana. Great Job. You can tell that you love this place...

Happy New Week Kat Palmiotti 

Feb 10, 2020 08:32 AM #7
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I do, Paul S. Henderson, REALTOR®, CRS - I'm so happy we found this place!

Feb 10, 2020 08:33 AM #8
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Kat Palmiotti - another good report.  Sounds like you are in the midst of an up and coming market area.

Feb 10, 2020 12:00 PM #9
Rainmaker
1,509,432
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 - people are moving in - it is definitely a busy place!

Feb 10, 2020 06:36 PM #10
Rainmaker
590,770
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 😊

Feb 10, 2020 06:37 PM #11
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Sara Wagner - I hope I sell many also!

Feb 10, 2020 06:40 PM #12
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I love doing market reports as it really helps me get to know an area. Happy to hear you are settling in, learning and liking your new area. 

Feb 11, 2020 05:25 AM #13
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Scott Godzyk - I agree with everything you said except "liking" should be "loving!"

Feb 11, 2020 05:56 AM #14
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Thursday morning, Kat.

Have a great day and an outstanding week.

Feb 13, 2020 07:54 AM #15
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Roy Kelley - I hope your week is outstanding also!

Feb 13, 2020 11:28 AM #16
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Sounds like the Bigfork Montana Real Estate market is thriving and strong Kat Palmiotti That's good news for you

Feb 14, 2020 06:29 AM #17
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Happy Valentine's Day! 

It looks like July through October is the busiest months for selling. But now that you're there, I am predicting sales will soar year-round. You are doing a phenomenal job marketing your beautiful area! I wish you great sales and wonderful people still to meet!

Feb 14, 2020 08:15 AM #18
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Hi Doug Dawes - The market is definitely thriving. Have a great day!

Patricia Feager, MBA, CRS, GRI,MRP - Happy Valentine's Day to you too!!! Thank you so much for your kind words. It's easy to market this area because (as you know!) it is soooo fantastic. 

Feb 14, 2020 08:44 AM #19
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Oh by the way...

Happy Valentines Day to you and yours Kat Palmiotti 

Feb 14, 2020 11:12 AM #20
Rainmaker
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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 !

Feb 14, 2020 03:41 PM #21
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Nice way to introduce one of your new neighborhoods in The Rain Kat. A nice strong market and buyers and sellers will appreciate your knowledge of this market!

Feb 17, 2020 04:53 AM #22
Rainmaker
1,509,432
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - I'm having fun exploring the market!

Feb 17, 2020 05:08 AM #23
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I love this, Kat! One can tell how much you love your area - you are doing a phenomenal job marketing Bigfork, MT. Anyone searching for property here would be wise to give you a call - they couldn't ask for a more knowledgeable real estate specialist.

Feb 17, 2020 10:28 AM #24
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Debe Maxwell, CRS . I'm having such fun getting  to know the area, and would love to share with buyers!

Feb 17, 2020 11:38 AM #25
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Kat Palmiotti it looks like I'm either going to have to settle for a visit or live in my camper.

Feb 17, 2020 01:08 PM #26
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