Wednesday, March 29, 2017

Carrisa Paulson - ERA Landmark Market Watch - New Construction Crunch

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ERA Landmark
ERA Landmark Market Watch
New Construction Crunch

At a recent National Association of REALTORS® conference that I attended, there was good discussion about the tracking of home ownership rates.  Though still near a 50 year low, there was a small upsurge in the last quarter of 2016. Many anticipate that the number would continue to increase if only inventory levels could as well.

The supply of available single family homes is still too low to keep up with current buyer demand, most notably in the West and the Midwest. This has led to a slowdown in pending sales in January for the first time in about a year. Buyers are essentially lining up for homes to purchase when they reach the market, while keeping rising prices and mortgage rates in consideration. According to Lawrence Yun, chief economist for the National Association of REALTORS®, "interest in buying a home is the highest it has been since the Great Recession."

Finding a better balance between this desire to find a home and the availability of a property which meets both criteria and budget is the key to a truly successful 2017.  To quote Robert Dietz, chief economist for the National Association of Home Builders, "We can expect the multifamily sector to continue to stabilize and single-family production to move forward at a gradual but consistent pace in 2017." Construction permits nationwide increased 4.6% in January overall; however, the breakdown was due to a large increase in multifamily permits and a small drop in single family permits.

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Keller Collection

Stop by our Downtown Visitors Center to see our current display; The Keller Collection.

Jeff Keller, the owner of the Paint Factory in Bozeman, has put together quite an impressive collection of colors from nature; such as rocks, flowers, plants, leaves, and soils; and is working with Benjamin Moore, the paint manufacturer, to translate those colors to paint.

Keller has used several different modes to display the color samples. For example, he has pressed and framed the flowers and leaves; collected soil and rock samples in open containers; and has cataloged over 100 different plant and flower species and has bound them in beautiful, leather books. He plans to make prints eventually from the framed pieces, in order to make the works available to the public. Already, several people have stopped in to ask if the framed pieces are for sale, but Keller is not ready to part with his originals just yet.

Keller calls his work the "Keller Collection" and hopes to have the actual paint from his nature collection available in his store soon.

 
ERA Landmark Featured Properties
161 McGee Drive | Bozeman
$743,900 | MLS 218839

Revel in the views from this 4,343 SF custom home in Painted Hills. Soaring ceilings greet you in the living room, gas fireplace, spacious kitchen with breakfast area, formal dining plus an extra room for an office or TV room. Inviting master suite located on the main level with soaking tub, separate shower and large walk-in closet. Two bedrooms and a large family room upstairs. The unfinished basement provides extra space to add more bedrooms and another family room. Fenced back yard. 1.127 acres.

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7 Wineglass Loop E. | Livingston
$540,000 | MLS 219075

Totally renovated in 1995 with new addition completed in 2007. Wonderful old classic charm with upgrades where you want them, views from this home are stunning. Double attached garage has guest quarters above. Includes excercise room, hot tub and 21' X 15' pole barn. The quarter acre pond is perfect for swimming and paddle boarding. Only 4.5 miles from downtown Livingston and schools.

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99 Limber Pine | Big Sky
$725,000 | MLS 218749

Ready to move into one of Big Sky's favorite neighborhoods? This contemporary 3 bed/3.5 bath residence features an open floor plan with lots of light. Bedrooms and laundry are upstairs and each bedroom has its own bathroom. Stainless appliances in kitchen including a Jenn-Air range. Efficient wood stove in living room; built-ins throughout. Main level office could be converted into a fourth bedroom. 300 square foot insulated shop attached to oversized garage.

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1 N. Salmonfly | Ennis
$349,000 | MLS 218873

Great views from this top-quality, custom-built home in excellent condition. Has 2,080 SF, 3 BR, 2.5 BA, extra storage, wood stove, jacuzzi tub, covered deck & porch, 3-car garage/shop, mature landscsaping & gardens with irrigation ditch. High efficiency, low cost of living. Right off Hwy 287 N approx. 7 miles north of Ennis & near Ennis Lake. Taxes are based upon "low income" status and would not necessarily be the same for another owner.

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

406-586-1321
VISTORS 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, March 1, 2017

Carissa Paulson - ERA Landmark Market Watch - 2016 Real Estate Review

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ERA Landmark
ERA Landmark Market Watch
2016 Real Estate Review

As we say farewell to 2016, there is great anticipation for what 2017 will have in store for us.  Our challenge will continue to be having and creating sufficient inventory in virtually every price range.  Let's take a look in the rearview mirror to see where we have been. This summary compares 2016 to 2015 sales and inventory information using the Southwest Montana Multiple Listing Service (SWMLS) reported data as the source. Additionally, I am interjecting historical data as a point of reference as to how the market has fluctuated over the past decade.

Within the city limits of Bozeman, single family home sales increased by 6%.  There were 587 single family homes sold in 2016, compared to 556 in 2015. Comparatively, the number in the heyday of 2007 was 334 sales, and the lowest point in the last 10 years was 291 units in 2009. The average sales price for single family homes showed moderate growth with a 5% increase to $401,866 in 2016 from $382,033 in 2015. The previous peak in 2007 was an average price of $337,400. The median sales price was $359,000 for single family homes, up 6% from $339,000 in 2015.

Last year, the supply of single family homes within Bozeman showed a significant decrease.  At the end of 2016, there were 83 active residential properties listed for sale compared to 126 in 2015, down by 34%.  Based on current supply and the number of homes sold in a given price range in the prior 12 months, there is no more than a 4.5 month supply of inventory in any of the price ranges reported under $600,000.

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Bozeman Symphony presents "Songs of Destiny"
March 4th at 7:30pm & March 5th at 2:30pm

A struggle with Fate, a plea for peace, and an epic orchestral masterpiece await.

We'll be joined by the Bozeman Symphonic Choir for one of Johannes Brahms' most profound compositions—his Schicksalslied (Song of Destiny), and for one of Leonard Bernstein's most joyful and exuberant—the beloved Chichester Psalms. Then, renowned cellist Adrian Daurov takes the stage performing the epic Concerto in B minor by Antonín Dvorák—a work most of us consider a full-scale symphony with cello soloist. This one is a must see, and hear! Stunning!

Rush tickets will be available at ERA Landmark's Downtown office on March 3rd from 4-6pm.

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ERA Landmark Featured Properties
536 Candlelight | Bozeman
$525,000 | MLS 218459

Tons of updates to this spacious Wylie Creek traditional home on half an acre backing to park and open space! All new windows with honeycomb blinds, newer roof and siding, newer garage doors, new gas stove and refrigerator, all new paint, newer reverse osmosis system, new wood deck, new fenced dog area, new treehouse, new landscaping in front yard, fruit trees in back, laminate flooring. Lower level family room is plumbed for gas stove and venting.

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402 S. 5th | Livingston
$560,000 | MLS 217553

Classic, gracious, stately brick home on the SW side is a lovely combination of modern convenience and old-world quality and elegance. New kitchen & bath, fir floors, bright spacious rooms, high ceilings, clawfoot tub, master bedroom with french doors and mountain views, modern electrical & plumbing, new roof and paint. Corner lot with privacy fencing, deck, UG sprinklers, established landscaping, garage, off-street parking. Broad front porch is welcoming yet private. Add your pages to the history of this beautiful home!

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679 Sunburst | Big Sky
$445,000 | MLS 200371

Rise to the occasion entertaining family and friends with this five bedroom, 3.5 bathroom vacation condo in Big Sky's Hidden Village. An end unit on the fringe of the complex, this location takes advantage of the privacy of the forest yet offers mountain views through the extra side windows. Features include a large hot tub, recreation/family room with pellet stove, a living room with wood burning fireplace and many upgrades including appliances, lighting and appliances. Fully furnished and equipped.

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76 Madison | Ennis
$449,000 | MLS 211234

Spectacular views, good cell service, close to great fishing, hunting, hiking, trail riding, snowmobiling, lakes & rivers. Perfect for 2 families to share or lots of company. Entertain groups or relax in the Great Room with fireplace. The lower level is a self-contained 1 bedroom/1 bathroom apartment with its own kitchenette. Great for vacations, close to Cliff & Wade Lakes & NFS land. Property owners have exclusive access to 50-acre private common area along the Madison River. Being sold FURNISHED! Just re-sided!

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

406-586-1321
VISTORS 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, January 25, 2017

Carissa Paulson - ERA Landmark Market Watch - Put Your Best Features Forward

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ERA Landmark
ERA Landmark Market Watch
Put Your Best Features Forward

First impressions are powerful in a way that the mere concept of them elicits the internal reaction of sitting up a little taller and smiling a bit wider.  Homes that are on the market for sale are under the same scrutiny of putting their best features forward to prospective buyers.  Marketing strategies such as high quality photography, home staging, virtual tours, and an easily negotiated web presence are no longer models that are saved for the luxury market these days. Any property that is listed via a real estate professional using their local multiple listing service instantly hits the internet with a bang. Having a property in top condition prior to that moment is the key to gaining interest and momentum toward a sale.  Finding a home with photos or video "coming soon" will not impress savvy buyers.


High-quality, well-composed photos are a powerful way to inspire potential homebuyers to go from scrolling property websites to setting an appointment to see the home. Since reportedly up to 91% of all home searches begin online, sellers have a captive viewing audience, but their REALTOR® must be able to convince the buyers to make contact for a personal showing with the influence of photos and words.

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ERA Landmark 2017 Winter Guide

We have a special affinity for this part of Montana, with its magnificent scenery, year-round recreation and strong sense of history and community. Let us share our passion and knowledge of the area, along with our real estate expertise with you. We take great pride in representing all types of property, including secluded getaways, "in the heart of the action" vacation homes, year-round residences, the ultimate legacy retreats and recreational ranches. We also offer full commercial investment, sales and leasing services at NAI Landmark Commercial.

 

We live here, we love it here, and we would like nothing better than to assist with your real estate needs in Southwest Montana.

Browse Our Online Guide »
 
ERA Landmark Featured Properties
90 Wildcreek Trail | Bozeman
$2,795,000 | MLS 213388

Welcome to Whispering Pines. A true one of a kind jaw dropping home minutes from downtown Bozeman. Spanish and Western influence, with large breathtaking views, first class kitchen, exudes peace and tranquility. Timber frame design and construction, custom milling by Big Timberworks. Radiant floor heat with Jerusalem gold limestone flooring. So much great detail and thought went into the construction. Water, wildlife, adjoined by State Land. Take a hike out your front door to Yellowstone Nat'l Park.

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214 Ash | Livingston
$400,000 | MLS 215541

Charming and stately, this beautiful Livingston home has an elegance not often found in such a modern property. Start with the formal office and then sit by the fireplace in the living room after a lovely dining room dinner. Relax in the theater room or take advantage of the hut tub under the stars before heading to the master bedroom with it's own romantic fireplace. Deck with plumbed natural gas for your BBQ, a nicely fenced yard and there's even a front porch swing. One-year AHS Home Warranty included.

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401 Twin Antler | Big Sky
$950,000 | MLS 211201

Naturally Montana-As private as it can get with great access, custom designed by renowned Jim Morton and built by Clair Daines. Old growth trees surround this home on 6.7 acres in the South Gallatin Canyon. Great outdoor decks, natural light, capped exterior beams. Stunning rock fireplace floor to ceiling, forefront of great room with dining, kitchen & living area. Picture windows surround, Fully furnished, turnkey, close to Gallatin River, Yellowstone and Big Sky Resort. Efficient, functional, stunning.

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61 Moonwater | Ennis
$465,000 | MLS 212741

Perfect little cabin by the river, with great views, peace and quiet. Fish the Madison River or take a short drive to Yellowstone Park, then relax on the covered deck, watching the river go by with the mountains in the background. Then enjoy the cozy cabin with a glass of wine by the wood stove and fall asleep in a comfy log bed with the sound of the river in your ears. This is the Montana Dream. The second bedroom means you can share the dream with guests and the loft is great for storage.

Property Details »
ERA Landmark
Want to be Removed? Unsubscribe Instantly.
BOZEMAN OFFICE
1805 W. Dickerson #1
Bozeman, MT 59715

406-586-1321
VISTORS 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