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

 

In April 2020, Kalispell Montana sales and median prices remained healthy. Following is an overview.

 
Sales Volume

In the month of April 2020, there were 80 residential sales in Kalispell which was 23% higher than April of 2019, and 13% less than March 2020. Interestingly enough, the March 2020 results had been much higher than the previous year and as such, the fact that April has decreased from March is not an harbinger of a lower trend rate. Eighty sales in the month of April is a very strong result.

 

As mentioned in the last few months, the Spring market is well underway, even with a nation dealing with the pandemic. Homes still sold, as homeowners, buyers, and real estate businesses utilized safety precautions. There were 145 homes under contract at the beginning of April and there are 137 under contract now. So with 80 deals closing during the last month, 65 additional homes went under contract during the same timeframe.

 

Kalispell Real Estate Market - April 2020
 
Inventory

In terms of inventory, there are currently 224 residential homes on the market, which is 13% lower than last month. Of the homes currently available, five are condominiums, 18 are townhouses, five are manufactured homes and the rest are single family homes. In the past twelve months, 1,042 residential homes sold in Kalispell which means there are approximately two and a half months of inventory currently available. That indicates the Kalispell area is still experiencing a sellers market.

 
Median Sales Prices

The median sales price for April 2020 was $320,000 which was slightly higher than the same time last year and 23% higher than the previous month. April median prices were the second highest in the last year. Of the four different residential types included in this report, single family homes typically have the highest median price point. In April of 2019, 75% of the sales were single family homes, while in April of 2020, 80% were. The second highest price point is usually the townhouse segment. In April of 2019, townhouses made up 12% of al sale while in 2020 they were 14%. That could be part of the explanation for the high year over year price difference. It can also be due to the relatively low inventory levels (two and a half months of inventory), and high demand for homes.

 

 
 
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 April was a three bedroom, two bath, 1,040 square foot manufactured home with fenced yard and storage shed. That sold for under $200K. The most expensive home sold for close to $700K.  That multi-level 4,700 square foot home came with five bedrooms, four baths, nearly 5 acres of land, mountain and valley views, and other amenities.

 

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 experienced a healthy April 2020. 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 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 or kat@thehousekat.com.

 

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

 

Previous Kalispell MT market reports can be found here.

 

Originally posted 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)

 

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Rainmaker
2,132,086
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Kat Palmiotti - this is really great news.  You may see more people leaving the cities now to move to Kalispel.

May 05, 2020 10:24 AM #1
Rainmaker
3,398,244
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat, You sure are learning your new market and have the knowledge to help buyers and sellers in your area.

 

May 05, 2020 10:26 AM #2
Rainmaker
3,614,361
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Kat - a nice overview of the Kalispell Montana real estate market.  With its variety of living options, people interested in a move would be wise to contact you to explore the details.  

May 05, 2020 10:46 AM #3
Rainmaker
4,810,515
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kat,

What a nice report for Kalispell Montana real estate market.  No doubt, you will see an influx of people moving  The rural world is so much friendlier.  A

May 05, 2020 02:28 PM #4
Ambassador
3,246,665
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Your statistics are astonishing. Most agents report decreased sales and closings and your numbers are just the opposite. Even your negative numbers are above last year's curve. Thank you for sharing those positive numbers with us. I'll be interested to see what happens in May with your numbers...
Happy Tuesday from out West Kat Palmiotti 

 

May 05, 2020 03:31 PM #5
Ambassador
4,158,087
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Kat- what a very thorough market report for Kalispell!  This is the kind of information that sellers and buyers are looking for. 

May 05, 2020 07:22 PM #6
Rainmaker
3,339,258
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kath hopefully you contributed to the sales statistics of Kalispell, Endre

May 05, 2020 11:08 PM #7
Rainmaker
1,555,242
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

That is likely, Grant Schneider !

Thank you Will Hamm !

Michael Jacobs - There are a lot of options!

I agree, Ron and Alexandra Seigel - I have found a lot of friendliness here!

May 06, 2020 05:06 AM #8
Rainmaker
1,555,242
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Good morning, Paul S. Henderson, REALTOR®, CRS . We've already had 12 sales entered into MLS for the first 5 days of this month. I'm thinking May might be just as good.

Thank you Kathy Streib !

Endre Barath, Jr. 

It's been a slow start for me in my new hometown, but soon I can say that! 

 

May 06, 2020 05:09 AM #9
Rainmaker
3,438,100
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Kat... nice to read about a market that had such positive results in April 2020... many of our markets won't be seeing anything like that for at least April and probably May.

May 06, 2020 05:48 AM #10
Rainmaker
5,761,918
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

May 06, 2020 07:20 AM #11
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