Kalispell Real Estate Market - February 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 February 2020. This report covers the entire residential market, which includes single family homes, townhouses, condominiums and manufactured homes. 

 

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

 
Sales Volume

In the month of February 2020, there were 49 residential sales. These results are slightly lower than January and 14% lower than February of last year but this is no cause for concern. The average sales per month for the first quarter of the year have been in the low to mid 50s, so February is tracking in the normal range. As can be seen below in the inventory section, sales continue to move forward!

 

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. The Spring market has already started. There were 124 homes under contract at the beginning of February and there are 155 under contract now. So with 49 deals closing in February, that means 80 homes went under contract in February. Homes are definitely selling, even in the winter months.

Kalispell Real Estate Market - February 2020
 
Inventory

In terms of inventory, there are currently 209 residential homes on the market, which is fewer than last month. Of the homes currently available, 9 are condominiums, 26 are townhouses, eight are manufactured homes and the rest are single family homes. In the last twelve months, 995 residential homes sold in Kalispell which means there are two and a half months of inventory currently available. That 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 February 2020 was $295,000 which was slightly higher than both January 2020 and February 2019. The median price has remained right around $300K for the last four months.

Kalispell Real Estate Market - February 2020
 
 
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 February was a three bedroom, two bath, ~1600 square foot manufactured home with nearly a half acre of land near Stillwater River. This home sold in the $100-125K range. The most expensive home sold for less than $1M.  That home had over 7,000 square feet, 5 bedrooms, 5 bathrooms and was situated on the Flathead River.

 

As can be seen, Kalispell has just about any kind of property you could imagine. Brand new four bedroom homes, large luxury homes, manufactured 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 or would like to see the market data for a specific residential segment, feel free to contact me. If you are wondering what you might be able to get for your Montana home, check out thisonline 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 or kat@thehousekat.com. 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 the housekat.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
2,091,107
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kat Palmiotti - you laid this report out very well and this certainly gives confidence to clients to call you. 

Mar 06, 2020 06:49 AM #1
Rainer
342,251
Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

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

Nick  

Mar 06, 2020 07:50 AM #2
Rainmaker
3,555,240
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Kat - your local perspective of "slow months" bring reality into the Kalispell real estate market.  

Mar 06, 2020 08:55 AM #3
Rainmaker
4,742,425
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kat,

What a great market report, and I wish you calls and inquiries from this report.  Have a great weekend.  A

Mar 06, 2020 10:58 AM #4
Rainmaker
1,340,384
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti - This report shows that you have adjusted well to this market and can be considered an expert.  With the median price stagnating during the winter months shows that as spring is approaching, that will change rapidly.  Buyers should contact you now to get the best deal before spring and summer pricing sets in. 

Mar 06, 2020 11:33 AM #5
Ambassador
4,102,302
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Kat- you really do know the Kalispell Real Estate Market! All good information for sellers as well as buyers. 

Mar 06, 2020 06:21 PM #6
Rainmaker
2,682,968
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Kalispell home buyers and sellers are certain to value your market report, Kat!

Mar 06, 2020 07:18 PM #7
Rainmaker
1,530,269
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 !

Nicholas Crane - Thank you! I hope so too!

Michael Jacobs - The same number of people lived in the last place I lived - there are a lot more sales here!

Mar 07, 2020 05:14 AM #8
Rainmaker
1,530,269
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Ron and Alexandra Seigel - I hope your weekend is wonderful as well.

Sheri Sperry - MCNE® - Thank you! Great point about spring/summer pricing!

Thank you Kathy Streib .

Mar 07, 2020 05:15 AM #9
Rainmaker
1,530,269
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thanks Myrl Jeffcoat . Enjoy your day!

Mar 07, 2020 05:21 AM #10
Rainmaker
2,147,595
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - With your knowledge and expertise, by this time next year, the market will be completely different. I haved a feeling you'll be selling fast and furious as people read your blogs. Kalispell is a wonderful place to live. And you would be fun to work with buying property or land or new construction too!

Mar 07, 2020 06:57 AM #11
Rainmaker
1,530,269
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Patricia Feager, MBA, CRS, GRI,MRP - I hope you're right about your second sentence. I'm ready! Enjoy your day!

Mar 07, 2020 08:40 AM #12
Rainmaker
3,351,936
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat,  You are getting back in the groove of your  Real Estate business and getting your market reports out.  Good Job!

 

Mar 07, 2020 10:39 AM #13
Rainmaker
1,530,269
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Will Hamm - That's right! I'm in the groooove.

Enjoy your afternoon!

Mar 07, 2020 01:25 PM #14
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