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KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
THIS WEEK I’LL LOOK AT HOW Flathead County’s median home price compare and have compared to other regions of the United States. This data is obtained from the National Association of Real- tors (NAR) and the states included in each region are Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Ore- gon, Utah, Washington, Wyoming in the Western Region. Illinois, Indi- ana, Iowa, Kansas, Michigan, Minne- sota, Missouri, Ohio, North Dakota, Nebraska, South Dakota, Wisconsin in the Midwest. Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont in the North- east. Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisi- ana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West
Virginia in the Southern Region. MontanaandFlatheadCountyare in the Western Region, which has had the highest home prices over the last four years. Over the last 16 years, Flat- head County’s median price has been between 8 and 40 percent lower than the median in the Western Region, but has consistently been much higher than homes in the Midwest and South- ern Regions. Over the last 10 years the Western Region has had the largest swing in home prices, going from a median of $342,700 in 2006 down to $204,500 in 2006 and has now recov- ered to $335,000 this last April. Flat- head County’s swing was not as dra- matic, but was still a larger price swing than any of the regions outside the
Western Region.
Flathead County’s are still much
lower than home prices in the Western Region, but are much higher than those intheMidwestorSouthernRegions.
Flathead County Median Price v National Regional Prices
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000
Western Region
Midwest Region
34%
Northeast Region
Southern Region
Flathead Cty. Median
4
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
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: $387,500
WHAT: Three-bedroom, two-bath home SQUARE FEET: 1,824
This home sits on 2.72 acres and has a two-story shop, large garage and shed. The property has a garden area, lots
of owers, mature landscaping and a water feature.
RE/MAX of Bigfork
MLS#: 21604607
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $400,000 NEXT WEEK: $450,000
WHITEFISH
MARION
KALISPELL
COLUMBIA FALLS
151 Whiskey Jack Trail
261 Marion Pines Dr.
250 Lore Lake Rd.
250 Lynnewood Dr.
PRICE: $399,900
WHAT: Three-bedroom, two-bath home SQUARE FEET: 2,653
This log home features an authentic rock replace, cozy wood stove, open oor plan, sauna and new appliances. It sits on a very private 3 acres and is a perfect horse property.
National Parks Realty of Montana, LLC MLS#: 21605295
PRICE: $387,000
WHAT: Three-bedroom, three-bath home SQUARE FEET: 2,313
This custom-built log home has beau- tiful timber beams, a huge deck and radiant heating. It sits on more than 10 acres in a majestic mountain setting and is just 20 minutes from Kalispell. Glacier Real Estate of Montana
MLS#: 21604919
PRICE: $418,500
WHAT: Four-bedroom, three-bath home SQUARE FEET: 4,064
Nestled in Lynnewood Estates, this home sits on almost 2 acres and features an open oor plan, cathedral ceilings, large windows, gas replace, full basement and re pit.
RE/MAX Mountain Views
MLS#: 21604438
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.
JUNE 1, 2016 // FLATHEADBEACON.COM
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