2018 Real Estate Market Review | Another busy and productive year has passed in the Southwest Montana real estate market, so it is time to crunch numbers and reflect on what truly transpired. This summary compares 2018 to 2017 sales and inventory information using the Big Sky Country Multiple Listing Service (BSCMLS) reported data as the source.
Within the city limits of Bozeman, single family home sales increased by 8%. There were 610 single family homes sold in 2018, compared to 565 in 2017. The average sales price for these single family homes showed nice growth with a 12% increase to $478,739 in 2018 from $425,988 in 2017 and $401,866 in 2016. The median sales price was $427,500 for single family homes, also up 12% from $381,500 in 2017.
At the end of 2018, there were 101 active residential properties listed for sale which was an increase from 83 at the conclusion of 2017, equaling an increase of 22%. Based on current supply and the number of homes sold in the previous 12 months, there remains a scarcity of inventory in any of the price ranges reported under $500,000, which translates to a seller's market. | ERA Landmark 2019 Winter Guide | Our 2019 Winter Real Estate Guide features listings in all four of our locations as well as commercial properties and vacation rentals. Check out the digital magazine here. Don't miss out! | | | Upcoming Bozeman Productions |  | | January 24 - February 10, 2019 Black Box Theater, Bozeman Montana Shakespeare in the Parks presents the raucous comedy, Noises Off by Michael Frayn, directed by Kevin Asselin. Save the date for a special preview performance on Wednesday, January 23rd. This fully catered event allows you to be the first to see what is sure to be a laugh-out-loud riot! | |  | | February 8-10 & 15-17, 2019 Ellen Theatre, Bozeman Journey back to the mystical world of ancient England for this tale of chivalry, friendship, bravery, and romance. This enchanting musical tells the story of King Arthur, his beautiful Queen Guenevere, and Sir Lancelot, the knight with whom she falls in love. Filled with tournaments and Medieval revelry. | | | 5379 Delft, Bozeman | | $524,900 | MLS # 329601 | | Gorgeous home that has been well maintained! Spacious main level master with large bathroom featuring a tiled shower with dual shower heads. Enjoy the spacious kitchen and living room and cozy up to the gas fireplace! Beautiful views of the mountains from the back patio and located just feet away from parks and the ponds located in the community. | | | | 73 Leo Drive, Livingston | | $375,000 | MLS # 329439 | | This 4BR/2BA home on 8.5 acres is located at the end of the road, bordering a private ranch that spans more than 5 miles. Nestled among rolling hills, this is a uniquely private and quiet setting with panoramic views that will knock your socks off! You'll feel like you're miles off the beaten path even though it's just 30 minutes to Livingston. Recent updates include new metal roof and covered wrap around patio, 3 extra large sliding doors in the living room, windows, updated kitchen and baths, flooring and paint. Horses and other animals are allowed. | | | | | 120 Grizzly Bear, Big Sky | | $269,900 | MLS # 329419 | | Own your vacation spot. Here's your opportunity to live within a few miles of Yellowstone National Park. 3 bedroom, 2 bath home with 1710 SF. Located near Hebgen Lake down Rainbow Point Road. The property is being sold in as is condition. | | | | 5 Snowshoe, Ennis | | $449,000 | MLS # 328351 | | Unique, custom home on 2 premier lots, divided by year-around creek, trees and spectacular views. The extra lot provides lots of privacy & beauty. The 2 lots together, allow plenty of room for horses, barn or guest cabin. Holly Creek forms a small pond on the property. Owners have upgraded the home with NEW: furnace, whole house water filter system, water heater, plumbing fixtures, gas range, refrigerator, and Pella double-pane glass front door. The wood floors have been refinished, walls repainted, interior beams sanded & stained, new lighting installed, new glass & stone tile work, & outside of house & deck re-stained in 2014. | | | | |
