Page 35 - Flathead Beacon // 5.11.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
HOME SALES HAVE CONTINUED AT A RECORD PACE for the rst four months of 2016, with a 10.7 percent increase over the same period in 2015. After an 8.5 percent decrease in March, April came back with a 19 percent increase over April of 2015. If that overall pace of sales were to continue throughout the entire year, the number of sales would exceed the high of 1,804 from 2006.
Mortgage interest rates continue at near record lows with the average 15-year rate at around 3.1 percent and the average 30-year rate at around 3.7 percent.
There were 434 residential sales in Flathead County in the rst four months of this year, compared to 392 in the same period in 2015. In the rst four months, 53.5 percent of resi- dential sales were on small urban or suburban lots, 20.5 per- cent were on half acre to three-acre lots and 15.9 percent were on three to 20-acre tracts. There were also 20 waterfront home sales, representing 4.6 percent of the market.
The median sales price for the rst four months of this year was $244,250, compared to $230,000 for the same period in 2015.
The current overall inventory level is slightly lower than what it was a year ago, however only 159 properties (15 percent) of the overall inventory is priced below the median sold price of $244,250.
In the rst four months there were 28 bank-owned or dis- tressed sales, compared to 54 in 2015. Non-distressed sales rep- resent 93.5 percent of the market, compared to 86.2 percent for the same period in 2015.
Residential Sales - First (4) Months
PRICE
$350,000 $300,000
$250,000 $200,000
Median Price
$347,743 8
$238,000
Average Price
Number of Sales VOLUME 500
400
$243,78 300 200
$310,98
$202,75
$296,694
$244,250
8
$
175,000
100 $150,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0
0
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: $249,900
WHAT: Two-bedroom, one-bath home SQUARE FEET: 1,068
Enjoy wonderful views from this home on more than 19 acres. It features vaulted ceilings, skylight, island bar and attached double garage. Property backs up to Weyerhaeuser land.
Glacier Real Estate of Montana
MLS#: 21603895
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $250,000 NEXT WEEK: $300,000
COLUMBIA FALLS
LAKESIDE
KALISPELL
WHITEFISH
296 Potter Ln.
239 Clancy Rd.
2315 Haywire Gulch
423 Antelope Tr.
PRICE: $236,000
WHAT: Three-bedroom, two-bath home SQUARE FEET: 1,456
This home sits on 1.44 acres next to Meadow Lake Golf Course. It has a large master suite, bright kitchen and fenced garden area. Sit on the back deck and enjoy the peaceful setting.
National Parks Realty of Montana, LLC MLS#: 21603870
PRICE: $239,000
WHAT: Three-bedroom, two-bath home SQUARE FEET: 1,560
This charming and well-maintained home sits on 1.17 acres and has a fenced yard, open oor plan and rock replace. Enjoy the beautiful views of Flathead Lake and Swan Mountain range. RE/MAX of Bigfork
MLS#: 21602686
PRICE: $250,000
WHAT: Three-bedroom, two-bath home SQUARE FEET: 1,928
Enjoy fantastic views from this home on nearly a half acre. It features a double garage with attached shed, spacious yard and is near state land for hiking and biking.
RE/MAX of White sh
MLS#: 21603173
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.
MAY 11, 2016 // FLATHEADBEACON.COM
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