Page 38 - Flathead Beacon // 9.21.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
IN THE FIRST EIGHT MONTHS OF 2016, RESI- dential properties with one to 10 acres of land made up 22 percent of the residential sales. This is nearly the same as it was in 2015. The average lot size for this class of residential property is 3.58 acres and the median size was 2.85 acres.
The number of sales in this class is down 3.7 per- cent from what it was in the rst eight months of 2015.
The median price this year is $317,000, which is 6.2 percent higher than it was last year at this time. The average price of this class is up less than one per- cent, from $382,022 in 2015 to $384,558 for the rst eight months of 2016.
There are currently 347 homes in this class that are on the market, making up 27.5 percent of the total number of residential listings. The median asking price for these homes is $474,900, which is 50 percent higher than the median sold price of $317,000. The average asking price is $791,371 com- pared to the average sold price of $384,558. Of the 347 listingS in this class that are on the market, only 77 (22 percent) are priced at or below the median sold price for this class.
Residential One to Ten Acres First Eight Months
PRICE Median Price $500,000 $470,957
Average Price
Number of Sales VOLUME 300
$400,000
$300,000
$200,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
250 200 150 100 50 0
$325,00
0
$384,558 $317,000
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.
ENTEHRETBOOWTITNOGMREFATEEPRDIEZERS! FLATHEAD CO. FAIRGROUNDS TRADE CENTER
$15,000 CASH
4 MTN BIKES
2016 POLARIS RAZOR 570
$100 RAFFLE TICKET
Raf e $1 ticket
Production
Kalispell, MontanPaurchased from Ronan Power
Doors Open at 41s:t0d0rawpn.gmets.ch•oiDceinner at 4:30 p.m.
Only 300 Sold
Raf e $25 per ticket
Bingo / Auction at 6:00 p.m. DINNER / DANCE TICKETS $25 / 12 & UNDER FREE
Family Event
2015
Enjoy the Beer Garden
est. 1989
28th ANNUAL
27th ANNUAL
2016
TICKET OUTLETS
EUREKA
Big Sky Tire & Auto The Ranch Hand
WHITEFISH
White sh Auto Parts
COLUMBIA FALLS
Northwest Parts & Rigging
KALISPELL
Triple W Equipment
Western States CAT Montana Logging Association Big John’s
CORPORATE SPONSORS:
SATURDAY
ST. IGNATIUS
Hunts Timbers
Also available at the door or from any LOG JAM board member.
Les Schwab Tires
CityServiceValcon
Weyerhaeuser
Sun Mountain Timber
Western States CAT
RDO Equipment Co.
Printing provided by Kalispell Copy Center
est. 1989
SATURDAY
OCTOBER 3rd
OCTOBER 1st
Entertainment Featuring
Ticket Outlets LOG JAM, INCORPORATED is a non-pro t corporation organized to nancially and emotionaElUlyRaEssKisAt families of Montana
Corporate Sponsors:
loggers,logtruckdrivers,chiptruckdrivers,and$m1ill5wo,r0ke0rs0killeCdinawsorhk-relatedaccidents.TheBoardofDirectorshases-
Les Schwab Tires
Big Sky Tire & Auto
$100 RAFFLE TICKET
The Ranch Hand
tablished that these families are to receive 25% of the fund balance up to a maximum of $15,000 as soon as possible. As of
CityServiceValcon
of this fund must be a Montana logger, log truck driver, chip truck driver or mill worker critically injured in a work related
April 9th 2014, Log Jam Inc. will also fund a maximum of $1,000 for travel expenses due to a “criticWal”hitnej usrhy. AThuteo bPeanrets ciar y
Only 300 Sold
COLUMBIA FALLS
accident. The bene ciarymust be classi ed as ”critical” (by de nition using the ALERT guidelines) by medical personnel or
Plum Creek Timber Co.
2015 Polaris Razor 570
KALISPELL
For more info call 892-4641 or 260-8268
facility. Also as of April 8th, 2015, Log Jam Inc. will award ve - $1,000 scholarships that will be drawn at the annual event.
Sun Mountain Timber 38Western States CAT
Printing Provided by:
Purchased from Jesco Marine and Power Sports
Raf e $25.00 per ticket
4 Mtn Bikes
Raf e $1.00 ticket 1st drawn gets choice
Triple W Equipment
Western States CAT
Montana Logging Association Big John’s
ST. IGNATIUS
WHITEFISH
Northwest Parts & Rigging
FLATHEADBEACON.COM
Swan Bar & Grill
Also Available At The Door
or from any loG Jam board member.
SEPTEMBER 21, 2016
//
BIGFORK
Hunts Timbers
Entertainment Featuring
The Kenny James Miller Band
FLATHEAD COUNTY FAIRGROUNDS TRADE CENTER, KALISPELL Doors Open at 4:00pm • Dinner at 4:30pm • Bingo & Auction at 6:00pm
DINNER & DANCE TICKETS $25 / 12 & UNDER FREE
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Kalispell Copy Center
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