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Real Estate Market Trends

Bigfork home sales snapshot, past year

During the past 12 months, Bigfork single-family residence sales have been snapped up (under contract) in 30 days or less, for 70 percent of the original list price ranges below $650,000 (see chart). The $350,000-399,999 range sold the most units, but was also the slower to go under contract — more than twice as long as the other ranges below $550,000 list. Higher dollar homes took 75-100 days to get under contract.

Few homes were listed under $200,000, stair-stepping in quantities sold up to $350,000-$399,999 range, then zig-zagging downward in quantities as the price ranges went further up the scale. The fastest ranges to go under contract were in the lower prices, and they were snapped up within a few weeks.

Median duration of the due-diligence period, between contract and closing? Usually less than 45 days — a few within a month (higher-end homes, maybe cash deals lacking finance gauntlet).

Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.