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Red Lodge, MT

City of Red Lodge Market Statistics for Vacant Land at February 2009 Month End

Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana: Real Estate Agent in Red Lodge, MT

City: Red LodgeRed Lodge, Montana - Rock Creek

Type: Vacant Land

Date: February 28, 2009

Total inventory: 222

Period (Data Observed)

Number of Units Sold

Equivalent Yearly Sales Projection

Absorption Rate

Last Year

37

37

18 years 6 months

Last 6 months

15

30

7 years 11 months

Last quarter

7

28

7 years 5 months

Last month

1

12

6 years

For an explanation of absorption rate and how it is calculated, see the following post:

City of Red Lodge Market Statistics for Vacant Land at Year End 2008

Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property.

I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land. I have this data for Red Lodge as well as for the Red Lodge MLS which includes not only Red Lodge but the cities in Carbon County and Stillwater County. Feel free to contact me if you are interested to get an estimate (based on the inventory and the latest trends) of how long it would take before all the current inventory of properties in a specific price range in Red Lodge, by itself or including the surrounding areas, is sold.

All photos and/or written content produced by Gerry Khatchikian. All rights reserved and may not be reproduced or reprinted without express written permission of Gerry Khatchikian, Realtor Associate with Prudential Red Lodge Real Estate.

If you and your family are interested to buy or sell property (a home, a ranch, a vacant land or a commercial property) in Carbon County (Red Lodge, Bearcreek, Belfry, Boyd, Bridger, Edgar, Fox, Fromberg, Joliet, Luther, Roberts, Rockvale, Roscoe, Silesia, Warren, Washoe), please don't hesitate to contact me. I also serve Stillwater County (Nye, Absarokee, Columbus, Fishtail).

Gerry Khatchikian, ASA, TRC
Realtor Associate

Prudential Red Lodge Real Estate
PO Box 947, 103 South Broadway
Red Lodge, MT 59068

406-446-2123
800-752-2499

Gerry@RedLodgeLand.com
www.PrudentialRedLodgeRealEstate.com

City of Red Lodge Market Statistics for Residential at January 2009 Month End

Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana: Real Estate Agent in Red Lodge, MT

Victorian House in Red LodgeCity: Red Lodge

Type: Residential

Date: January 31, 2009

Total inventory: 95

Period (Data Observed)

Number of Units Sold

Equivalent Yearly Sales Projection

Absorption Rate

Last Year

53

53

1 year 10 months

Last 6 months

22

44

2 years 2 months

Last quarter

4

16

5 years 11 months

Last month

0

0

N/A

For an explanation of absorption rate and how it is calculated, see last month's post:

City of Red-Lodge Market Statistics for Residential at Year End 2008

Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property.

I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land. Feel free to contact me if you are interested to get an estimate (based on the inventory and the latest trends) of how long it would take before all the current inventory of properties in a specific price range in Red Lodge is sold.

Gerry Khatchikian, ASA, TRC
Realtor Associate

Prudential Red Lodge Real Estate
PO Box 947, 103 South Broadway
Red Lodge, MT 59068

406-446-2123
800-752-2499

Gerry@RedLodgeLand.com
www.PrudentialRedLodgeRealEstate.com

City of Red Lodge Market Statistics for Vacant Land at January 2009 Month End

Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana: Real Estate Agent in Red Lodge, MT

Red Lodge - Sun RiseCity: Red Lodge

Type: Vacant Land

Date: January 31, 2009

Total inventory: 225

Period (Data Observed)

Number of Units Sold

Equivalent Yearly Sales Projection

Absorption Rate

Last Year

40

40

5 years 8 months

Last 6 months

15

30

7 years 6 months

Last quarter

8

32

7 years

Last month

4

48

4 years 8 months

For an explanation of absorption rate and how it is calculated, see last month's post:

City of Red Lodge Market Statistics for Vacant Land at Year End 2008

Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property.

I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land. Feel free to contact me if you are interested to get an estimate (based on the inventory and the latest trends) of how long it would take before all the current inventory of properties in a specific price range in Red Lodge is sold.

Gerry Khatchikian, ASA, TRC
Realtor Associate

Prudential Red Lodge Real Estate
PO Box 947, 103 South Broadway
Red Lodge, MT 59068

406-446-2123
800-752-2499

Gerry@RedLodgeLand.com
www.PrudentialRedLodgeRealEstate.com

Sightseeing In and Around Red Lodge: Plenty Coups (Chief of the Crows) Monument

Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana: Real Estate Agent in Red Lodge, MT

Monument to Chief Plenty Coups - Red Lodge, Montana

Chief Plenty Coups' bronze sculpture lies near the Chamber of Commerce and is located North or town, near the intersection of 3rd Street (Highway 78) and Broadway Ave (Highway 212).

The following is a quote from Linderman's biography of Plenty Coups which is also shown on the permanent plaque near the monument.

"The buffalo gone and freedom denied him, the Indian was visited by two equally hideous strangers, famine and tuberculosis. He could cope with neither. His pride broken he felt himself and outcast, a beggar in his own country. It was now that Plenty Coups became the real leader of his people."

The following is a statement that chief Plenty Coups made that reveals his greatness (it is also displayed on the permanent plaque):

Close up of chief Plenty Coups monument (face of horse and of chief)"All my life I have tried to learn as the chickadee learns by listening, profiting by the mistakes of others, that I may help my people. I hear the white man say there will be no more war. But this cannot be true. There will be other wars. Men have not changed, and whenever they quarrel they will fight as they have always done.

We love our country because it is beautiful, because we were born here. Strangers will covet it and someday try to possess it as surely as the sun will come tomorrow. Then there must be war, unless we have grown to be cowards without love in our hearts for our native land. And whenever war comes between this country and another, your people will find my people pointing their guns with yours. "If ever the hands of my people hold the rope that keeps this country's flag high in the air, it will never come down while an Absarokee (Crow) warrior lives."

Crow country once ranged from Three Forks to the Black Hills, from the Musselshell to the Big Horn Mountains. Red Lodge was a place of worship, food and protection for the Crow people when it was theirs. Please respect it and love it. It is a very good place.

Monument to Chief Plenty Coups - Red Lodge, Montana

For info on Red Lodge and things to do and see in and around Red Lodge, see the following article from Montana Magazine: Red Lodge - Gateway to the Beartooths .

Gerry Khatchikian, ASA, TRC
Realtor Associate

Prudential Red Lodge Real Estate
PO Box 947, 103 South Broadway
Red Lodge, MT 59068

406-446-2123
800-752-2499

Gerry@RedLodgeLand.com
www.PrudentialRedLodgeRealEstate.com

The Soul of Red Lodge

Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana: Real Estate Agent in Red Lodge, MT

The following is an excerpt from an article that I loved reading and that I wanted to share online. It was written by Audrey Clark for the Local Rag.

Upon deeper reflection of what it really means to those of us who live here, I realized that it is the "culture" of Red Lodge that binds us and our hearts to this place. Webster's New World Collegiate Dictionary defines culture in many ways. When I came to the eighth listed definition, I found what I was looking for. "CULTURE: the ideas, customs, skills, and arts of a particular people or group in a particular period."

Red Lodge postcard

The culture of Red Lodge as defined above has meant many different things to many different people. To the Crow this area was a place to live and hunt. To the mountain man and miner it was a place where the extractive practices of trapping, gold mining, and coal mining were the accepted mores of the day. Then came the ranching, railroad, and homestead eras whose culture of settlement and taming of the land were the focus. Tourism was a latecomer in the overall scheme of things, though it did start way back in 1872 in nearby Yellowstone Park. Nowadays, preservation of our precious natural ecosystems is of the highest priority.

Sunset in Red Lodge

Which brings us to present-day Red Lodge. What are the exact ideas, customs, skills, and arts that define us today ? Some of these are easy to define; others not quite so. Why did any of us come here? For some it is a familial home, others came for business opportunities. Some came from busy crowded places to raise their families here; some came to live close to nature and all it has to offer. Some have retired here. Many have sacrificed a better paying job or a fancier house for the privilege of living here. What could such diverse groups have in common?

  • It is the culture of Red Lodge that binds us together. It is the fact that neighbors take time to be neighbors.
  • It is the fact that a person can bankrupt themselves going to fundraisers, but keeps going and keeps giving.
  • It is the fact that someone brings you soup when you are sick when you live in Red Lodge, or offers to take you to the doctor if you are ill.
  • It is the fact that "more" is not necessarily "better." Conspicuous consumption is not considered polite; neither is pretension. This is the Western way.
  • It is the fact that one person can make a difference here, but is often joined by not a few, but many other like-minded individuals.
  • It is the fact that you can bump into one of our many local authors and they will be genuinely glad to speak to you and sign your book.
  • It is the fact that we like to sit on a bench downtown and visit with our friends, neighbors, and passersby.
  • It is the fact that no one cares who you are or what you did before you got here.
  • It is the fact that we like and enjoy the peace and quiet of living in a small town.
  • It is the fact that we all have a long-term investment in this place we call home, and we don't want anyone to mess with it!

Window PaneHome in Red LodgeWindow Pane

As I see it, this is the soul and culture of Red Lodge. I think that we could all agree that it is indeed a privilege to live here, and it is a privilege to visit here. Let's keep it that way.

Audrey Clark

Red Lodge Rental Properties Website (Main Page)

I love living in my small town of Red Lodge!

If you are interested to visit Red Lodge, you can get a travel planner as well as lots of valuable information about the town at www.redlodge.com . Our company offers well-equipped vacation rentals at www.redlodgerentalproperties.com .

Gerry Khatchikian, ASA, TRC
Realtor Associate

Prudential Red Lodge Real Estate
PO Box 947, 103 South Broadway
Red Lodge, MT 59068

406-446-2123
800-752-2499

Gerry@RedLodgeLand.com
www.PrudentialRedLodgeRealEstate.com