A few weeks ago, we looked at the residential land costs, by city, for 1-5-acre parcel sizes. Let’s zoom out, and look at the Flathead County-wide residential land sales for the past five years – in 5-acre ranges (1-5, 6-10, etc). Let’s chart the quantity sold (vertical columns), July 31 back to Aug. 1 each prior year, and let’s add same-colored lines for median price per acre for the same periods. Green is July, 31, 2016 back to Aug. 1, 2015, blue is July 31, 2020 back to Aug. 1, 2019, and so on.
Takeaways? Quantity of 1-5-acre parcel sales shot up this past 12 months, compared to a slow upticking trend the prior four periods. Quantity of 6-10 acre parcels shows a very shallow upward quantity trend. The smallest parcel size range enjoys the biggest quantity of sales, consistently. For ranges 6-10, 11-15 and 21-25 acres, median per acre sold price was $10-15k. 16-20-acre parcels’ median per acre sold price was the lowest of the past five years.
Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.