Page 41 - Flathead Beacon // 10.26.16

KELLEY’S MARKET TRENDS
FLATHEAD REAL ESTATE IN PERSPECTIVE
BY JIM KELLEY
THE NUMBER OF RESIDENTIAL land sales has remained rela- tively stable over the last four years and the median price of residen- tial land sales has been stable over the last three years. The median price in the rst nine months of 2014 was $75,000 with a median size of one acre. In 2016 the median price was $78,000 based on a median lot size of 1.6 acres.
In the rst nine months, 26.7 percent of residential land sales were on small urban or suburban lots, 33 percent were on half-acre to three-acre lots and 33 percent were on three- to 20-acre tracts.
In addition to the non-waterfront lots, 39 waterfront lots were sold with a median price of $215,000 and a median size of 3.15 acres. Also, 39 waterfront lots were sold in the rst nine month of 2015 and they had a median sold price of $220,000 with a median size of two acres.
Residential Land Sales First Nine Months
Median Price
$156,044
$100,000
$85,900
Average Price
Number of Sales 1000 800
PRICE
$250,000
$200,000
$150,000
$0
VOLUME
600 400 200
$50,000
2005 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
FLOORSPACE
WHAT CAN YOU BUY FOR ABOUT $500,000 NEXT WEEK: $200,000
SOMERS
KALISPELL
WHITEFISH
BIGFORK
128 Hill Dale Dr.
1011 Victory Ln.
3 Rock Creek Ct.
34 Bay Harbor Dr.
$132,891
$78,000
PRICE: $480,000
WHAT: Five-bedroom, three-bath home SQUARE FEET: 2,816
This lovely log home sits on more than 3 acres and is nestled in the trees with Flathead Lake views. It has a well-laid- out design and a two-car detached garage.
Land & Lake Realty, Inc.
MLS#: 21610226
PRICE: $485,000
WHAT: Four-bedroom, four-bath home SQUARE FEET: 3,433
This stunning custom home sits on 2 acres between Kalispell and Bigfork. It has a main level master bedroom and bonus room above the garage. Enjoy amazing views of the Swan and White- sh mountain ranges.
RE/MAX Mountain Real Estate Inc.
MLS#: 21610785
PRICE: $489,000
WHAT: Four-bedroom, three-bath home SQUARE FEET: 2,499
Enjoy corner lot privacy in this well- built home. It features granite counters, hardwood oors, alder cabinetry and stainless appliances. Low maintenance inside and out.
Montana West Realty
MLS#: 21605639
PRICE: $499,000
WHAT: Three-bedroom, three-bath townhouse
SQUARE FEET: 2,914
This highly desirable unit in Harbor Vil- lage is ideal for entertaining. It has an open oor plan, vaulted ceilings, granite counters and private patio.
Locations Montana Real Estate
MLS#: 314150
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.
OCTOBER 26, 2016 // FLATHEADBEACON.COM
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