Page 39 - Flathead Beacon // 9.7.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
IN FLATHEAD COUNTY, AROUND 51 percent of all residential homes sales are homes on lots that are a half acre or less and do not have water frontage. This week’s graph shows the last 10-year history of these homes. Most of these homes are in one of Flathead county’s three cities or in one of the County’s unincorporated towns.
The median price for homes on small lots increased from $193,750 for the rst eight months of 2015 to $212,500 this August. This is nearly a 10 percent increase, com- pared too around a 7 percent increase of the median price for the overall home market in Flathead County. The 2016 median price of $212,500 does set a new record high for homes on small lots. The previous high was a median of $206,000 in 2008 for this class of home. Over the last three years the median price for homes on small lots has increased 7 percent in 2014, 6.5 percent in 2015, and nearly 10 percent in 2016.
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: $445,000
WHAT: Four-bedroom, two-bath home SQUARE FEET: 2,260
This well-maintained home has vaulted ceiling with sculpted entries and has a country feel yet is close to town. It has a trex deck overlooking Stoner Creek and large storage shed.
Rich Thomas Real Estate
MLS#: 21609002
PRICE
$300,000
$250,000
$200,000
Median Price
$235,110
$199,900
Residential on 1/2 Acre or Less First (8) Months
Average Price Number of Sales
VOLUME
800
700
600 $232,088 500
$212,500
400 300 200 100
The total number of sales for homes on small lots is up 2 percent from the same time in 2015.
$150,000 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
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $450,000 NEXT WEEK: $500,000
BIGFORK
WHITEFISH
LAKESIDE
KALISPELL
777 Highway 83
90 Wagon Wheel Rd.
100 Crystal View Ct.
11 Grizzly Way
PRICE: $449,000
WHAT: Three-bedroom, two-bath home SQUARE FEET: 2,436
Enjoy views of the Swan Mountains from the living room, kitchen and patio in this home that sits on 10 acres just minutes from Bigfork. Its open and spacious oor plan is perfect for enter- taining.
Glacier Sotheby’s International Realty MLS#: 21609340
PRICE: $449,000
WHAT: Three-bedroom, three-bath home SQUARE FEET: 2,450
Bring the outside in with this light and bright contemporary home in Stage- coach Estates. It has been tastefully updated and has an excellent layout for entertaining and lots of outdoor living areas, including a 1,400-square-foot deck.
National Parks Realty of Montana, LLC MLS#: 21609232
PRICE: $459,000
WHAT: Five-bedroom, three-bath home SQUARE FEET: 4,484
A lot of house on almost an acre of land. This well-cared-for home has large win- dows and great views of the mountains. Located in the much-desired Stillwater Subdivision.
Falcon Real Estate Group
MLS#: 21608553
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.
SEPTEMBER 7, 2016 // FLATHEADBEACON.COM
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