A recent poll shows that the upcoming presidential election is putting the Pause button on a selection of potential buyers. An article on the website Real Estate Economy Watch: “The Election is Tanking Home Sales“, recently found that as many as 25% of potential buyers are holding off until after the elections to see who (continued…)
When you reach the bottom of the market there is a period of leveling off – it just doesn’t take off again like a rocket. But there are some signs to look for that’ll help signal where we are in that leveling. Based on statistics provided in the recent September 2012 Market Trends Update by (continued…)
There is reason for optimism in the market for sellers on Flathead Lake whose homes are valued under the 1 Million dollar mark. The following statistical analysis also might strike some motivation for buyers who have been on the fence to get a Flathead Lake home purchased because at the current rate of sales in (continued…)
I just ran across a newsletter from a local lender that quoted research done by the National Association of Realtors (NAR) in 2012. It said that “Renters typically have a net worth of $4,000, while owners on average are worth about $160,000”. I’ve always believed that owning a home is like having a savings account (continued…)
Real estate appraiser, Jim Kelley, has compiled the January – July 2012 real estate market trends update. Highlights of the statistics show: The number of residences sold is up from same time last year. 553 in 2011, 733 in 2012 – a 32.5% increase. However, the median price of homes sold dropped 4.8% from $190,100 (continued…)
Watching the market of Flathead Lake is recently like watching a Yo-Yo! The number of sales have gone up and down since the market took its downward turn toward the end of 2006. Most of us didn’t know there was something strange going on until sometime in 2008 when sales were just not that robust (continued…)
RECAP of 2011 sales on Flathead Lake: Based on the 2011 rate of sale of 30 homes with 81 homes remaining to sell, there is 2.7 years worth of inventory (absorption rate). The highest sale on the lake happened in the Fall of 2011 with a final sales price of $3,700,000. This home was on (continued…)
With a lifetime of experience living here in Montana's Flathead Valley, we can answer any question you might have—we've got a ton of real estate expertise, but we can also help with the practical stuff too, like where the best fishing spots are, when ski season begins, and what to do if a moose wanders into your property.
Give us a call, or drop us a note, we'd love to introduce ourselves...
(406) 837-5531 | email: Scott, Diana, Kellie, Drew, or Dane
