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Real Estate Market Trends

Going, going, gone: goodbye to cheap Kalispell homes?

Cheap, or inexpensive, is relative and subjective within the eyes of the beholder. I’ve gone back five years, and charted the number of Kalispell homes for sale in any given month – by $50,000 original list price ranges (see the rotating GIF below with 10-second displays of each of the sequential price ranges charted). I filtered to single-family residences, two-plus beds and one-plus baths, 900 to 5,000 square feet, originally listed for $150,000 to $749,999. (.)

It’s easy to assume and to spot the rise in offerings in spring and summer, over the relative drop-offs of fall through winter. But a bigger trend may be seen by looking across the seasons and years, for relative changes in peaks and valleys. Well, the cheapest range has basically collapsed. The next two also show choices declining in recent years. $300,000 to $599,999 are showing trends of higher peaks and shallower valleys. Viewers can easily see the ebb and flow of market competition and depth of choices by season.

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

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