Page 35 - Flathead Beacon // 5.18.16

KELLEY’S MARKET TRENDS
THIS WEEK LET’S LOOK AT HOW FLATHEAD COUN- ty’s home price trend relates to other counties in Western Montana. At the peak of the market in 2007, Flathead County had the highest median home price of any of the surrounding counties. Flathead’s median was 13 per- cent higher than Missoula County, 4 percent higher than Lake County, 13 percent higher than Ravalli County, 35 per- cent higher than Lincoln County and 45 percent higher than Sanders County.
Flathead County as well as the other ve counties were all a ected by the recession, but Missoula and Ravalli counties saw a lesser decline than did Flathead and the other three counties. Flathead County had an overall decline in the median home price by around 31 percent before the market turned positive, but Missoula County’s overall decline was less that 8 percent. The other four counties were all between Missoula and Flathead County.
Over the last 10 years Flathead County’s median home price has averaged 4 percent higher than Lake County, 45 percent higher than Lincoln County, 43 percent higher than Sanders County, 5 percent higher than Ravalli County and less than 2 percent higher than Missoula County.
In 2015, Flathead County was 8 percent higher than Lake County, 53 percent higher than Lincoln County, 45 ercent higher than Sanders County, 5 percent higher than Ravalli County and 1 percent higher than Missoula County.
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
$250,000
$200,000
$150,000
$100,000
Western Montana Home Price Trends
FLATHEAD LAKE
LINCOLN
SANDERS
RAVALLI
MISSOULA
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
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
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $300,000 NEXT WEEK: $350,000
COLUMBIA FALLS
LAKESIDE
KILA
BIGFORK
685 Sullivan Rd.
108 Wul Ln.
281 Elk Ranch Rd.
14021 Pine St.
PRICE: $289,000
WHAT: Five-bedroom, three-bath home SQUARE FEET: 2,784
This large family home has new ooring, new stainless appliances and a hot tub room. It has a double detached garage and fenced area in the backyard. Properties Northwest Real Estate, Inc. MLS#: 21604281
PRICE: $289,900
WHAT: Three-bedroom, three-bath home SQUARE FEET: 2,400
This charming log home has a huge deck and views of Flathead Lake and the mountains. It sits on a private
lot and is within walking distance to Lakeside.
National Parks Realty of Montana. LLC MLS#: 21603431
PRICE: $292,000
WHAT: Three-bedroom, three-bath home SQUARE FEET: 1,742
Enjoy spectacular views from every lev- el of this cedar home on 5 horse-friend- ly acres. Miles of riding trails close by. Western Brokers, LLP
MLS#: 21603886
PRICE: $315,000
WHAT: Three-bedroom, two-bath home SQUARE FEET: 1,850
This single-level home is neat and clean with a great oor plan. Located in a great setting just south of Bigfork, the home sits on 0.76 acres and has ltered views of the lake.
RE/MAX of Bigfork
MLS#: 21603371
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 18, 2016 // FLATHEADBEACON.COM
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