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Happy post-Memorial Day weekend! We are forever grateful for the men and women who gave the ultimate sacrifice so that we can enjoy yet another day in Montana's paradise. Did you use this holiday to get onto a river, lake or trail? However you enjoyed the holiday weekend, Montana's unofficial kickoff to warm weather recreation, we hope it got you excited for all that's to come this summer. Before you go daydreaming of your next adventure, it's time for the May issue of The Revel Roundup, dedicated to keeping you informed and up-to-date on all things Real Estate in Western Montana.
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Market Snapshot
Traditionally, the late spring-into summertime season sees an increase in listings in our local market. For Buyers, this means more inventory to consider. For Sellers, this means more competition, but also, a season where your property will show its best.
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Current Inventory
As of May 25 (when data was pulled), the current number of homes for sale was increasing month-over-month across the Western Montana region. Additionally, the number of active listings is trending higher than the same period one year ago, which should excite Buyers who have been anxiously waiting for the competitive market to cool.
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Price Per Square Foot
In Whitefish, we're seeing average residential price per square foot trading at $671/square foot (+78% vs April '21). In Bigfork, price per square foot in April '22 recorded at $608 (+75% vs April '21) and Kalispell at $356 (+43% vs April '21).
*data from April '22 as May '22 not yet available
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Average Sales Price
The average price of homes currently for sale (not under contract) in Whitefish sits at $2,327,314 ($982/square foot). Because some properties are reaching in price, it's important to look at SOLD data as well, which doesn't yet include May. For April, the ASP for sold homes in Whitefish recorded at $1,242,466 (+39%), Bigfork at $1,895,463 (+110%) and Kalispell at $724,349 (+23%).
* % increase comparing April '22 and '21
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Is Now Still a Good Time to Buy?
With the continued interest (and increases) in the local market, our team is asked almost daily, "Is now still a good time to buy?" Buyers, while bullish on Western Montana, don’t want to be the ones who bought at the top of the market. Here are 5 reasons why 2022 is, still, a good time to buy real estate in Western Montana:
Read more here
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Thank You!
In last year's Best of Whitefish competition, we were honored as one of Whitefish's Best New Businesses. Now, just one year later, we've earned the accolade of one of Whitefish's Best Real Estate Companies. We are humbled and honored to have earned your trust, and are proud to offer clients a concierge real estate experience with a Montana-grade personal touch.
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Biking Going To The Sun Road
One of the coolest experiences in Glacier National Park, bikers and hikers are allowed full access on Going To The Sun Road before the road opens to cars mid-summer. While bear and avalanche activity has kept the road closed to all traffic as of late, when the road does reopen, we’ve got your Insider’s Guide to this must-do experience.
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Read More Here
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For our Flathead
Valley-based readers, two significant dates of note:
Tuesday, May 31 (today!)
The Whitefish Farmers Market kicks off at Depot Park, with live music, food trucks and plenty of local vendors, and runs every Tuesday through September 27th.
Tuesday, June 14
The home opener of the Glacier Range Riders baseball team opens at their newly constructed stadium in Kalispell.
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Mountain Luxury in Elk Highlands
Offered at $3,600,000
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Lake Living in The Wilderness Club
Offered at $1,588,000
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117 Acres with Stunning Views
Offered at $6,400,000
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Only 7 Units Remain at Eagle Lake!
309 - 317 Akers Lane, Whitefish, MT
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Want
More?
We love to talk all things Real Estate, and welcome you to join us
around the Revel bar for a coffee or drink and to talk shop.
Contact us at any time, or simply stop on by the office.
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We use Instagram and Facebook, as well as other social media platforms, to share local market insights, highlight current happenings and keep our followers up-to-date on all things Western Montana. If interested, click on the links below and follow me.
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