Kelley’s Market Trends: Bigfork Area

Real estate in the Bigfork area has gotten off to a good start in 2016

By Jim Kelley

The total number of sales within five miles of Bigfork represents 8.7 percent of the total number of residential properties sold in 2015 and a 17.6 percent increase over the number sold in 2014. The median price showed a slight decline of 4.1 percent to $278,000.

This January, there are 146 homes that are on the market in this area compared to 140 in January of 2015. With 146 current listings, this represents 12.0 months of inventory compared to 7.6 months of inventory in Flathead County.   Last year at this time there was 15.2 months of inventory in this same area.

In 2016 there have been nine sales in this area as of Feb. 16. In 2015 there were three sales in the same time period and five sales in 2014. Although the numbers are still small, it still suggests that the Bigfork area has gotten off to a good start in 2016.

Bank-owned and distress sales were about the same as there were in 2014.

In 1981, Jim started Kelley Appraisal in Kalispell and has since built an extensive database of economic and real estate-related data on northwestern Montana. Over the last several years, he has published annual reports on the Flathead Real Estate Market and been a guest speaker on numerous occasions for various groups in the Flathead.

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