Page 43 - Flathead Beacon // 7.27.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
IN THE FIRST HALF OF THIS YEAR, WHITEFISH AND THE area within 3.5 miles of the city limits represented 18 percent of the home sales within Flathead County, compared to 16.2 percent in the rst half of 2015. The number of sales in this area is up 10.8 percent to 133 from 120 for the same time period in 2015.
The median home price in this area is $316,361 this year, com- pared to $307,450 for the same period in 2015. This represents a 2.9 percent increase, which is slightly less that the 4.7 per- cent increase seen this year on a countywide basis. This current median price is a 3.7 percent lower than the all-time high median of $328,500 for this area in 2007.
Within the city of White sh there have been 33 new sin- gle-family home permits with an average construction cost of $301,952, plus another 10 duplex/townhouse building permits in the rst six months of 2016 with an average construction cost of $295,000. The cost reported in the building permit does not include the land value. In the same period of 2015 there were 26 new single-family home permits with an average cost of $464,262 and four townhouse permits with an average cost of $206,250.
Within this area of White sh and 3.5 miles outside the city limits, there is a current inventory of 350 homes on the market, with a median asking price of $524,000 and an average asking price of $1,071,802. The total number of sales in this area was 292 in the last year, so with 350 on the market, there is currently around 14.4 months of inventory that is on the market. It is also noted that only 20.6 percent of the active listings in this area are price at or below the median sold price of $316,361.
Whitefish Area Residential Sales - First Half of 2016
PRICE
600000
500000
400000
300000
$302
$581,599
VOLUME
200 150 100 50
Median Price
Average Price
Number of Sales
$512,781
$460,949
$328,50 ,940
$316,361
200000 100000
$354,363 0
$194,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 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: $495,000
WHAT: Three-bedroom, three-bath home SQUARE FEET: 2,358
This pristine country home sits on a hilltop on more than 13 acres. It features quality craftsmanship with a covered wraparound deck, gourmet kitchen, co ee bar, high-end appliances and oversized double garage.
PureWest Real Estate
MLS#: 21606958
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $500,000 NEXT WEEK: $200,000
BIGFORK
KALISPELL
KILA
WHITEFISH
217 Parkwood Ridge Rd.
101 Deer Crossing Ln.
63 Keenans Way
6510 Farm to Market Rd.
PRICE: $499,000
WHAT: Two-bedroom, two-bath home SQUARE FEET: 2,428
This unique and spacious stone home sits on 5 private treed acres and fea- tures beautiful landscaping, big deck and two storage sheds.
Glacier Real Estate of Montana
MLS#: 21607609
PRICE: $519,800
WHAT: Five-bedroom, three-bath home SQUARE FEET: 3,179
This home features excellent crafts- manship with cherry wood oors, granite counters, custom cabinet and high-quality landscaping. Separate guesthouse has two bedrooms, one bath and kitchen.
Keller Williams Realty Northwest Montana MLS#: 21607103
PRICE: $525,000
WHAT: Four-bedroom, three-bath home SQUARE FEET: 2,470
This nice log home sits on 2.25 acres with an additional 2.16 acres on separate lot. The home is situated in a prime location close to both town and recreational access.
National Parks Realty of Montana, LLC MLS#: 21605893
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.
JULY 27, 2016 // FLATHEADBEACON.COM
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