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

 

In February 2020, Bigfork 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 16 residential sales which was exactly the same as the previous month and higher than the same time last year. The year typically starts and ends with lower volumes and increases in Spring. Accordingly, in a few more months, we should see an increase in sales.

Bigfork Real Estate Market - February 2020
 
Inventory

In terms of inventory, there are currently 115 residential homes on the market which is only 2 more than last month. Of the homes currently available, 12 are condominiums, 10 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. This data indicates the Bigfork area is experiencing a relatively balanced market, where neither buyers or sellers have the upper hand. That makes it a good time to both buy and sell.

 
Median Sales Prices

The median sales price for February 2020 was $337,250 which was 8% higher than the same time last year and 6% lower than January 2020. As mentioned in the last report, prices in Bigfork do tend to change month by month due to the relatively small amount of inventory sold each month and the huge differences in price points and home styles/location.

Bigfork Real Estate Market - February 2020
 
 
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 February was a one bedroom, one bath, 512 square foot condominium at Marina Cay. The home sold in the $100K vicinity. In February, there were no homes that sold over $1M. The most expensive was above $700K. That was a nearly 4,000 square foot home with 4 bedrooms, 2 and a half baths, a theater and recreation room, and greenhouse. As indicated, there are many different types of homes available in the Bigfork area.

 

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, 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)

 

facebook    Kat's Homes

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Montana Flathead County Bigfork

Spam prevention
Show All Comments
Rainmaker
3,545,490
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Kat - a "balanced" real estate market as you have described Big Fork real estate is equally good for prospective buyers and sellers.  Of course, that does not mean buyers can wait when that ideal opportunity hits the market.  Sellers need to be mindful that buyers remain savvy and ,most are well-aware of your competition so make sure you are providing a lasting impression that is memorable for the right reason.  

Mar 07, 2020 08:53 AM #1
Rainmaker
1,428,081
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Kat, it is nice to see that you have moved into a healthy and strong market. Good job on the report.

Mar 07, 2020 09:14 AM #2
Rainmaker
4,728,899
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kat,

Glad that you moved into wonderful market conditions.  Wishing you lots of  seller/buyer recognition in the Big Fork area.  Enjoy your weekend.  A

Mar 07, 2020 11:20 AM #3
Rainmaker
1,525,585
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Michael Jacobs - Absolutely right! Buyers still cannot dilly-dally. Thanks for the comment!

Thank you Jeffrey DiMuria 321.223.6253 Waves Realty - Enjoy your day!

Ron and Alexandra Seigel - Thank you! I love this place.

Mar 07, 2020 01:24 PM #4
Rainmaker
5,671,134
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Mar 09, 2020 06:30 AM #5
Rainmaker
2,823,784
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I think the market will get even better in the next few months. I’m generally optimistic.

Mar 10, 2020 10:41 AM #6
Rainmaker
2,823,784
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Roy Kelley Families on the move are kind of part of the American fabric, you know?

Mar 10, 2020 10:42 AM #7
Rainmaker
1,525,585
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 !

Laura Cerrano - I think the market will improve also.

Mar 10, 2020 01:31 PM #8
Rainmaker
2,140,788
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - Your knowledge and expertise and the links you provide are outstanding! Prospective buyers and sellers are in excellent hands with you and can have confidence knowing you will be looking out for them every step of the way to close successfully. 

Mar 12, 2020 09:45 PM #9
Rainmaker
1,525,585
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 - You are too kind! I hope your Friday is wonderful.

Mar 13, 2020 05:12 AM #10
Ambassador
3,187,463
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have always enjoyed your market reports and analysis...

Another week bites the dust Kat Palmiotti 

Mar 13, 2020 02:20 PM #11
Rainmaker
1,525,585
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Paul S. Henderson, REALTOR®, CRS - Have a wonderful weekend!

Mar 14, 2020 04:34 AM #12
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,525,585

Kat Palmiotti

The House Kat
Ask me a question
*
*
*
*
Spam prevention