Page 43 - Flathead Beacon // 4.27.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
2015 WAS THE BEST YEAR FOR HOME SALES IN LAKE COUNTY since 2006. There were 332 home sales reported, compared to 283 in 2014, representing a 17 percent increase. In the rst three and a half months of 2016, the number of homes sales were up 14 percent over the same period in 2015, however the number of sales did start to slow in March. In the rst two months of 2016, the number of sales were up around 83 percent over the rst two months of 2015, then March had a year-over-year decrease by 18 percent. Sales were also down in the rst half of April.
The median price in 2015 was $224,500, which was 2.3 percent above the 2014 median of $219,500. Although the 2015 median is up from 2014, it is still nearly 7 percent below the 2007 high of $240,000.
The residential sales price history in Lake County has been gener- ally similar to Flathead County over the last 16 years in most respects, but has been a little more volatile with a 27 percent decline in the median price from 2007 through 2009, then a 20 percent increase in 2010 followed by a 13 percent decline in 2011.
In 2015, around 16 percent of Lake County’s market was made up of waterfront homes, which tend to increase the overall median home price. When lakefront homes are not considered, the median home price for 2015 was $206,750, which is a 3.4 percent increase over non-waterfront homes in 2014.
The greater Polson area had an 11 percent increase in the number of sales in 2015 and a 12.5 percent increase in the median price. The greater Ronan area had a slight decline in the number of sales as well as a 2.6 percent decline in the median price from 2014 through 2015.
Lake County - Residential Sales History
PRICE
$400,000 $350,000
$300,000
$250,000
$200,000
$142,934
Median Price
Average Price
$366,162
$240,000
Number of Sales
VOLUME
500 400 300
$317,544
$224,500 200 100
$150,000
$100,000 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 0
$118,250
In 1981, Jim started Kelley Appraisal in Kalispell and has since built an extensive data base 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: $450,000
WHAT: Five-bedroom, four-bath home SQUARE FEET: 3,354
This home features gorgeous panoram- ic views, a fabulous kitchen with gran- ite, hardwood oors, vaulted ceilings, a rock replace, surround sound, and an oversized master suite that steps out to a large covered patio.
Performance Real Estate, Inc.
MLS#: 21602350
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $450,000 NEXT WEEK: $200,000
LAKESIDE
KILA
KALISPELL
WHITEFISH
63 Overlook Terrace
124 Rockhill Rd.
282 McWenneger Dr.
389 Sawtooth Dr.
PRICE: $449,000
WHAT: Four-bedroom, two-bath home SQUARE FEET: 3,165
Enjoy spectacular views of Flathead Lake from this Lakeside home. It has easy access and features a spacious living room, kitchen and master suite all on the main oor.
Pure West Real Estate
MLS#: 21603182
PRICE: $449,000
WHAT: Four-bedroom, three-bath home SQUARE FEET: 2,680
This custom home sits on more than 9 acres for the equestrian-minded buyer. It has a large shop, beautiful views
and quick access to riding, hiking and hunting.
PureWest Real Estate
MLS#: 21601432
PRICE: $459,900
WHAT: Three-bedroom, three-bath home SQUARE FEET: 2,188
This fabulous newer home has gorgeous granite counters throughout, a formal dining area, hickory and tile oors and open living area. Adjacent to White sh city park land.
Glacier Sotheby’s International Realty MLS#: 21601539
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.
APRIL 27, 2016 // FLATHEADBEACON.COM
43