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

 

 

July 2020 sales and median prices for Kalispell, Montana were extremely healthy. Following is an overview.

 
Sales Volume

In the month of July 2020, there were 146 residential sales in Kalispell which was 24% more than the same time last year, and 20% more than June 2020. I can safely say that 146 sales is the highest number of sales since.. well, ever. I reviewed sales records for the Kalispell area going back to the 1990s and we have never sold this many homes in one month. Sales volumes are booming.

 

Also of note, so far in 2020 there have been 621 residential sales in Kalispell, which is 14% more than the same time last year. More people may be moving into the area from other states due to a desire for space, privacy and fewer restrictions.

 

In terms of homes under contract, there were 249 under contract during last month's report and there are now 325. That indicates there were many homes that came on the market and went under contract quickly during the month of July. With 146 closings, that means 222 additional homes went under contract during the same timeframe.  Kalispell is experiencing an extremely robust market!

 

Kalispell Real Estate Market - July 2020 chart of sales results
 
Inventory

In terms of inventory, there are currently 179 residential homes on the market, which is lower than last month's 192. Of the homes currently available, eight are condominiums, nine are townhouses, nine are manufactured homes and the rest are single family homes.

 

In the past twelve months, 1,074 residential homes sold in Kalispell which means there are approximately two months of inventory currently available. Without a doubt, Kalispell is experiencing a sellers market and the inventory of available homes is very low. That's good news for sellers!

 
Median Sales Prices

The median sales price for July 2020 was $325,000 which was 8% higher than the same time last year and 5% more than the previous month. Also of note, during the last month, the year to date median price has increased 2% to $319,900. That compares to a median year-to-date price of $299,000 in 2019, so the price trend is increasing. So not only are the numbers of sales increasing, so are the price points (which makes sense with the decreasing inventory levels).

 

Kalispell Real Estate Market - July 2020 chart of price results
 
 
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 July was a two bedroom, one bath, ~900 square foot condominium with views of the valley. This sold around $130K, with a final sales price that was higher than the list price.

 

The most expensive home was a five bedroom, six and a half bath home built in 2018 with 6 acres of land, valley views, a covered deck, ~6,800 square feet of living space and more. This home sold for more than $1.5M.

 

Kalispell has just about any kind of property you can 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 is extremely healthy. 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, call me! 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)

 

facebook    Kat's Homes

 

 

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Rainmaker
1,757,489
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS

Thank you for keeping us posted and up to date. Best of luck!

Aug 05, 2020 11:58 AM #1
Rainmaker
5,388,650
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Kat.... that red line is soaring with the eagles.... 2020 has been a strong year.

Aug 05, 2020 02:32 PM #2
Rainmaker
1,618,650
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Great monthly report for the folks in Kalispell.

Aug 05, 2020 03:43 PM #3
Rainmaker
1,591,140
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Jeremy K. Frost - I appreciate your comment!

Barbara Todaro - I agree- it's been a great year here!

Thank you Lyn Sims !!!

Aug 05, 2020 06:46 PM #4
Ambassador
4,258,121
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Kat- Love your Monthly real estate market report and the video is very well done!

Aug 05, 2020 06:54 PM #5
Rainmaker
3,402,400
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow what an awesome 2020 hope you are contributing to these numbers, I sure am in my market and it looks similar, Endre

Aug 05, 2020 10:28 PM #6
Rainmaker
1,591,140
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Kathy Streib - since I decided to add video to the monthly report, these do take longer to do!

It's been a tough entry into the business here, Endre Barath, Jr. but I am working on it!

Aug 06, 2020 06:06 AM #7
Rainmaker
340,251
Jeff Fisher
PureWest Real Estate - Whitefish, MT
PUREWEST REAL ESTATE/Christies

Great post about the market!

Aug 06, 2020 10:21 AM #8
Rainmaker
3,476,022
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat and thank You for the market report for your area.  Always good to see how other area are doing.

 

Aug 06, 2020 10:21 AM #9
Rainmaker
1,591,140
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Jeff Fisher - I just realized you are in Whitefish Montana. I'd love to see your report about your area! And hopefully we can meet one day soon! :-)

Will Hamm - Thank you! Enjoy the rest of your day.

Aug 06, 2020 02:05 PM #10
Ambassador
3,302,632
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

People are escaping the cities and trying to find the beauty that your area is known for. I am finding the same thing while talking to buyers in my market.

I hope you have an awesome Saturday Kat...

Aug 22, 2020 07:34 AM #11
Rainmaker
1,591,140
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I'll be you definitely have similar experience in WA! Enjoy your day Paul S. Henderson, REALTOR®, CRS 

Aug 22, 2020 08:19 AM #12
Ambassador
3,302,632
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

We have started to see lots of real estate advertising for western Montana and the Kalispell area. You must be one of the hottest areas in Montana..

Aug 28, 2020 03:11 PM #13
Rainmaker
1,591,140
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Interesting, Paul S. Henderson, REALTOR®, CRS about the marketing. Do you know who is sponsoring that?

 

Aug 29, 2020 04:44 AM #14
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Rainmaker
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Kat Palmiotti

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