Real Estate Market Trends

Flathead County home sales detail snapshot by vintage

By Richard Dews
© Copyright 2019 by Richard Garrett Dews. All rights reserved. Research based, in part, upon information from the Montana Regional MLS, LLC

For the past two weeks, we drilled into Kalispell and Whitefish single-family home sales over the past 12 months. I’ve had some requests to zoom out to the county-level, so this week our chart covers single-family residences sold Nov. 1 2018 through Oct. 31, 2019 (county-wide, sold prices $150,000 to $650,000). I decided to focus on homes built since 1990, in two-year construction segments (see chart).

Homes constructed from 2004-2005 sold in the greatest quantity (blue bars). One may ponder the economic debacle a decade ago — and its impact upon home construction pace — as an inverted bell curve that seems to be centered around 2010.

I am struck by the consistency of median prices per square foot, around $170, for 2/3 of the vintages (green line). Homes built from 2012 through 2017 show a tight median price-per-foot rate around $190. The 2018 and later builds are breaking a median $200 per foot — and that again is county-wide.

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