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Kelley’s Market Trends: Commercial Sales

Since the beginning of 2005, there have been 1,915 sales reported

By Jim Kelley

In recent years, Flathead County has had the largest share of commercial real estate transactions of any of the counties that have been reported through the Realtor’s Montana Regional MLS system.

In 2016, there were a total of 158 sales reported and 57 (36 percent) were in Flathead County. The total dollar volume reported was $74,241,187, with $26,269,244  (35 percent) in the Flathead.

Since the beginning of 2005, there have been 1,915 sales reported with a total dollar volume of $804,046,754. Over that 11-year period, 36 percent of the sales and 39 percent of the dollar volume have been in  Flathead County.     

On a regional basis the number of sales reported decreased by 12.7 percent  in 2016 and the dollar volume decreased by 16.6 percent from $89 million to around $74 million.

Reliable statistical data on commercial sales is difficult to track because a relatively high number of commercial transactions occur outside the Realtor’s MLS system.