Wednesday, May 16, 2018

Wide Open Spaces

May Market Watch
ERA Landmark

Wide Open Spaces

What makes Southwest Montana such a preferred locale? Is it the presence of Montana State University, the local ski areas, top notch fly fishing, or a positive culture to grow an entrepreneurial business? While all of those factors may be true, there is no one right answer. However, it is likely that the abundance of and accessibility to the beautiful outdoors is generally ranked among the top choices.

 

On June 5th, voters in Gallatin County will have the opportunity to help decide the future of the Open Lands Program. I'd like to first step back briefly and share some history of the program taken directly from the www.foropenlands.org website. In 2000 and again in 2004, bonds were approved in the total amount of $20 million for the purpose of purchasing land and conservation easements to conserve open space. Those funds have been used to protect "nearly 50,000 acres of land as natural areas, ranches and wildlife habitat. It has also provided resources to create the county's 100-acre Regional Park, Chestnut Mountain Trailhead, and North Cottonwood Trailhead." Those funds have now been depleted, so the upcoming levy would provide renewed funding to carry forward the momentum of the Open Lands Program as the county experiences continued dynamic population growth.

 

The upcoming ballot will present the Open Lands Mill Levy which, if approved, will raise 4.5 mills for conservation efforts; 4 mills dedicated to open land conservation and .5 mills for Gallatin County Parks and trail improvements and maintenance. In more general terms, it would provide more than $20 million for conservation efforts over the following 15 years. The amount taxpayers would see on their bill is approximately $6.00 for every $100,000 in property value.

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Check out our blog to learn more about the success our ERA Landmark's Give Big Gallatin Valley campaign!

Give Big Blog

Featured Properties

175 Belle Creek, Belgrade

$1,250,000 | MLS 319323

This is the Montana home you have been looking for and it offers the life you want to live. Beautiful home in the desirable Saddle Peak Ranch neighborhood north of Bozeman. Spectacular views of the Bridger mountain range, sunsets, and the stars at night. Rural feel yet close to town. A 10+ acre horse property, perimeter rail fencing, barn and loafing shed. This lot is bordered on the east by open space and the south by a conservation easement so your slice of heaven and views are secure. The neighborhood has trails and ponds stocked with fish waiting for you to embrace your outdoor life. This Locati designed home is a must see.

Property Details

5094 US Hwy 89 S, Livingston

$795,000 | MLS 319639

This beautiful property along the Yellowstone River is in a park like setting just minutes from downtown Livingston. The home has 3 bedrooms, 1.75 baths, office, dining room, deluxe kitchen with double ranges, ovens, dishwashers, sinks and lots of storage and counter space. All of this is on one level that has 1,972 square feet with a large patio in back. This property is set up for fun with a lot of people. The large yard leads to a wooded area that leads you to the river bank which leads to great fishing. The lot is 3.8 acres and there is also a double detached garage. This is a superb location, not part of a subdivision and very private with mature trees and the wildlife that travels along the river bank. A rare find on The Yellowstone.

 

Property Details

46910 Gallatin Road, Big Sky

$2,590,000 | MLS 319338

Incredible opportunity on 5.21 acres zoned commercial and industrial mixed use within a mile to the entrance to Big Sky. Versatile use with beautiful views and over 300 feet of Gallatin River frontage. Property boundary goes to center of the Gallatin River. Currently the 3 cabins are owner occupied and rented. Private well and septic. There are no covenants on the property. Set up for horses presently. Premium Big Sky entry corridor location with prime development potential subject to Gallatin Canyon & Big Sky Zoning Regulations.

Property Details

1173 US Hwy 287 N, Cameron

$1,125,000 | MLS 317670

This wonderful home is situated in a Spectacular remote setting on the Madison River, across from public lands, with good access & privacy. A perfect home for vacations or full-time living, it has all the creature comforts you could ask for. Architecturally designed, beautifully appointed with high-end custom finishes throughout. The windows and wrap around deck take advantage of the views up and down the Madison River as well as across the BLM land to the mountains. The lot offers 1100' of Madison River frontage with river access, mature trees & abundant wildlife. The property is professionally landscaped with underground sprinklers. A bonus room above the heated garage has inside stairs offers additional space.

Property Details
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BOZEMAN OFFICE
1805 W. Dickerson #1
Bozeman, MT 59715

406-586-1321
VISITORS CENTER
8 E. Main Street
Bozeman, MT 59715
406-556-5001
LIVINGSTON OFFICE
215 South Main
Livingston, MT 59047

406-222-8700
BIG SKY OFFICE
36 Center Lane in the Meadow Village Center
Big Sky, MT 59716

406-995-3444
ENNIS OFFICE
219 Main Street
Ennis, MT 59729

406-682-4290
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Wednesday, April 11, 2018

Housing Update & Forecast

April Market Watch
ERA Landmark

Housing Update & Forecast

In March I attended the 2018 RPAC President's Circle Conference. Lawrence Yun, Chief Economist for the National Association of REALTORS®, was a keynote speaker and once again summarized the national real estate market by the numbers.

 

Existing home sales ended 2017 at an eleven-year high of approximately 5.5 million units sold, yet still noticeably below the peak years of 2003-2006 where the annual number fluctuated between 6.1 and 7.0 million units. Increased levels of student loan debt are one of the hurdles that has made it progressively difficult for many potential homebuyers to save a down payment to enter the market. New home sales ended up around 600,000 units and were at a ten year high in 2017, though still at about half of the volume of the peak in 2004 and 2005. However, keep in mind that construction during the peak was at unheard of levels when used as a comparison. Median home prices are at an all-time high weighing in just under $250,000, which was a 6% jump from the previous year.

 

The forecast for 2018 includes an increase in new home sales, flat existing home sales, and moderate median price growth. The other prediction that affects how home sales shake out is the interest rate on 30-year loans. 2017 ended up at 4% which was a nominal increase over the previous two years. However, it is anticipated for this number to continue to rise incrementally.

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Intermountain Opera Presents - Falstaff

Giuseppe Verdi's Falstaff

Willson Auditorium

Friday, May 11 @ 7:00pm

Sunday, May 13 @ 3:00pm

 

Sir John Falstaff is the ultimate human juxtaposition - old yet immature, hapless but manipulative, decent yet wickedly indecent. Also a man of many appetites, the lecherous Falstaff can't resist his favorite vices - food, women and wine. Suddenly finding himself broke, he hatches a plot to cure his woes - he sends identical love letters to two married women to get his hands on their wealthy husbands' purse strings. Falstaff doesn't bank on getting found out and with the help of some 'merry wives', husbands and supernatural creatures, he gets his due and finds out the joke is on him.

 

A brilliant comedy based on a character from Shakespeare's The Merry Wives of Windsor, this period piece boasts an updated twist, pops of color and designs from a modern point of view for modern tastes.
~ Courtesy of the San Diego Opera Association

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Featured Properties

2400 Andalusian Ave, Bozeman

$739,000 | MLS 316069

Year round creek beyond back yard, open area/privacy, great Bridger views, trail system, parks, a short distance from Chief Joseph school, trails to 100 acre park, beautiful subdivision.

 

Property Details

90 Fox Run, Livingston

$750,000 | MLS 317428

31 acres private living. Quality custom built 3 bedroom, 2.5 baths. The wall of windows and tall vaulted ceiling bring the perfect amount of natural light into the beautifully designed main level and invite you to linger in your living, dining and kitchen areas with dynamic views. Kitchen is large and features custom cabinet with pullouts and turntables. The dining area leads to glassed in Pergola. Master on the main level has 2 vanities, soaking tub surrounded by windows and shower. Lower level features 2 large bedrooms each with private patio access, full bath, large family room. Laundry on the main, attached garage and a separate shop. Landscaped with mature trees. Decks or patios off of each of the four sides of this lovely home.

 

Property Details

239 Beaver Mountain, Big Sky

$735,000 | MLS 300955

Log home on 4.27 acres in the South Gallatin Canyon near the Big Sky School Campus. Easy access to the USFS Porcupine Game Range. Three bedroom plus den, this 1978 home has 2 bedrooms and bath on main floor. Second floor master has sun room and private full bath. Stainless steel appliances, wood floors and propane thermostat controlled gas fireplace with buried 1000 gallon tank. Unfurnished. Attached log 480 sq ft garage, Lots of land for a detached garage. Great views, sun and circular driveway.

Property Details

364 Sundance Bench, Cameron

$529,000 | MLS 220679

Very unique Montana mountain getaway property. Spectacular views, best views of the Madison Valley / River, Henry Mountains, and Madison Range. Gated Subdivision with exclusive use of 31.7 acres of "Common Area" along the Madison River. Very private and remote feel. Great stands of timber. Internet access. Not year round access, but property comes with two snowmobiles and trailer. Park these at the West Fork Cabins in the winter and snowmobile in and out. Unlimited recreational opportunities. 30 Minutes from Yellowstone. Property Borders NFS. Two bedrooms and a loft that is used as a bedroom.

Property Details
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ERA Landmark
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BOZEMAN OFFICE
1805 W. Dickerson #1
Bozeman, MT 59715

406-586-1321
VISITORS CENTER
8 E. Main Street
Bozeman, MT 59715
406-556-5001
LIVINGSTON OFFICE
215 South Main
Livingston, MT 59047

406-222-8700
BIG SKY OFFICE
36 Center Lane in the Meadow Village Center
Big Sky, MT 59716

406-995-3444
ENNIS OFFICE
219 Main Street
Ennis, MT 59729

406-682-4290
Email Marketing Solutions by