Page 41 - Flathead Beacon // 1.27.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
IN 2015, HOME SALES IN THE KALISPELL CITY limits sales represented 27 percent of the over- all residential market with 450 home sales. This is up 2 percent from 441 sales in 2014, but the percentage of sales is down from 29 percent of the market in 2014. The median home price in Kalis- pell was $189,500, which is a 6.8 percent increase over the 2014 median of $177,500. This 6.8 percent increase was greater than the 5.4 percent median price increase that was seen in the overall housing market in Flathead County. The 2015 median price of $189,500 nearly equaled the 2007 high of $190,000. Both 2014 and 2015 represented a record number of sales in Kalispell, with the previous high being 412 sales in 2005.
This January, there are 151 homes that are on the market within the city limits compared to 179 in Jan- uary of 2015 and 222 in January of 2014. With 151 current listings, this represents just four months of inventory compared to 7.6 months of inventory in Flathead County. Last year at this time there was ve months inventory in Kalispell.
Forclosure sales were slightly up, representing 8.4 percent of the sales, but short sales were down to 1.3 percent. Overall, distressed sales remained about the same as 2014, with 9.7 percent of the Kalispell mar- ket in 2015 and 10.2 percent in 2014.
PRICE
VOLUME
$250,000
$200,000
$150,000
HOME SALES - CITY OF KALISPELL
500
$209,552
$206,466 400 300
$182,539
$167,2
$190,000 50
$189,000
200 100
$100,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 0 NUMBER OF SALES MEDIAN PRICE AVERAGE PRICE
In 1981, Jim started Kelley Appraisal in Kalispell and has since built an extensive database of economic and real estate-related data on northwestern Montana. Over the last several years, he has published annual reports on the Flathead Real Estate Market and been a guest speaker on numerous occasions for various groups in the Flathead.
BY GEORGIA CHRISTIANSON
PRICE: $365,000
WHAT: Three-bedroom, four-bath home SQUARE FEET: 4,067
This newer home has end-of-the-road privacy and sits on 4.51 acres. It has a double attached garage, covered decks and playhouse.
RE/MAX of White sh
MLS#: 337882
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $350,000 NEXT WEEK: $400,000
BIGFORK
COLUMBIA FALLS
KALISPELL
WHITEFISH
14050 Pine St.
559 12th Ave. NW
1085 Dun Movin Ln.
2002 Mountain Park Lp.
PRICE: $335,000
WHAT: Four-bedroom, three-bath home SQUARE FEET: 2,878
This lovely home in the desirable Ridge- wood neighborhood sits on 1.3 acres and features a large family room, large deck with hot tub and outdoor replace, and a detached shop.
National Parks Realty
MLS#: 21600179
PRICE: $349,000
WHAT: Four-bedroom, three-bath home SQUARE FEET: 2,688
Enjoy country living in this home on 4.75 acres. It features an oversized shop and master bedroom that opens to the back deck. Full basement has a separate entrance.
Rocky Mountain Real Estate, Inc.
MLS#: 21600180
PRICE: $345,000
WHAT: Three-bedroom, two-bath home SQUARE FEET: 1,464
This cozy home is located within min- utes of downtown White sh. It has an open oor plan and has been beautifully upgraded and updated.
RE/MAX Mountain View
MLS#: 337779
If you would like your property listed in the Floor Space section,
please e-mail editor@ atheadbeacon.com. Entries are compiled by the Beacon sta and Georgia Christianson, Montana Brokers.
What would 30 years of successful real-estate experience do for you?
Call Georgia, a certi ed residential specialist for a free one-hour consultation.
JANUARY 27, 2016 // FLATHEADBEACON.COM
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