Kalispell sells more homes in a year than any other Flathead city (see chart). Are the quantities going up, year over year, or down? Are they going up in price-per-square-foot?
Let’s look at a very short market snapshot — May through July — comparing the sales activity of single-family residence sales of 2017, 2018 and 2019. Why not segment the sales by square footage range, too — in this case, in 500-foot ranges (1,000 to 1,499, 1,500 to 1,999, etc).
2018 was a banner year for the smallest size (in quantity of sales), and 2017 was a boom for 1,500-1,999. The 2,500 segment shows a slow uptick in quantities; 3,500 is roughly flat. Prices per square foot are highest for the smallest homes, lowest for the largest homes (except for 2017) — and they mostly keep inching upwards (except for highest range).
Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.