Montana

Starting the year off strong: Missoula's early numbers

02-11-12

Brint Wahlberg: Real Estate Agent in Missoula, MT

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Office: (406) 541-6550 x242

Mobile: (406) 529-4663
Secondary: (406) 532-7913

It's bee a time of reflection for me, just about 1 year ago my mother decided to close down the local RE/MAX franchise that she'd owned for 16 years. As a group most of our office joined up with the local Windermere office and we've loved it. The Missoula market was very choppy at that time, our early winter/spring was the worst we'd seen in terms of volume. We came out of the winter with a solid summer market but the lasting effects of a down winter wound up putting Missoula's volume of sales at another decline compared to the years before.

So it got me to thinking about 2012 so far and the market leading into it. This year we're finally comparing "apples to apples" as we look at 2011's market to 2012's. I've been interested in seeing how our market is doing this year and so I've put together two quick comparisons. First off the Nov/Dec/Jan market comparisons and then just YTD to YTD for 2011 and 2012.

Starting with looking at 11/1/2010 through 2/1/2011 and comparing that to 11/1/2011 through 2/1/2012.

In the prior year for Missoula there were 152 sales with a median sales price of $215,500. Of those sales 16 were foreclosures, or 10.5% of all sales.

Jumping forward to this current comparison there have been 177 sales with a median sales price of $201,000. Of those sales 21 were foreclosures, or 11.9% of all sales.

So the good news? Missoula's volume is up in a big way for it's "slowest" time frame of the holidays and winter months. We've seen an improvement of almost 16.5% in volume. That's big, especially considering that the market conditions were relatively the same, and foreclosures have not dramatically had an increase in the market. The dip in the median I expected for the main reason that this time last year the market had just exhausted it's first time home buyers as the tax credit time-frame to close a sale ended in September of 2011. This time around our market of buyers is much more diverse and we've seen more sales across the full spectrum.

Now lets just look at 2011 YTD to 2012 YTD (1/1 through 2/11):

For 2011 there were 55 sales with a median sales price of $212,000 with 7 foreclosures sold that consisted of 12.7% of the market

For 2012 so far we've had 62 sales with median sales price of $188,750 with 11 foreclosures sold that consisted of 17.7% of the market

Volume is up, which is good, a 12.7% increase, however in the shorter range the median sales price dip is a trend worth watching, if that stays this low we're going to see that the 2011 median sales price increase for our market as a whole be a one time thing. It's still way too early to determine of 2012 is going to keep putting downward pressure on sales prices and values, but this early start suggests it might. Also the bump-up in foreclosures re-sold is worth watching, as the robo-signing delays are now in the past it's expected that more foreclosures will infiltrate our market, that's another trend that could punch values down some more.

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Clearwater Montana Properties....An American Real Estate Company

02-10-12

Bill Mercer

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Office: (406) 581-5574

Mobile: (406) 581-5574

Whether Buying or Selling...I’ll Work Hard for You

Here are some of the reasons you should consider working with me:

·Experienced and innovative marketing techniques.

·Office coverage and telephone management.

·Website Management

·Multi layered advertising approaches using internet, direct mail, and print advertising

·Huge internet presence from www.EnnisMontanaRealEstate.com , www.CMPMontana.com , and www.CabelasTrophyProperties.com

·Memberships in 8 prime Montana Multiple Listing Services:

Missoula • Flathead • Bozeman • Helena • Great Falls • Billings • Lincoln • Butte

·Company Real Estate Guide is distributed to 42 Town Pump locations across Montana as well as numerous other partner business locations including Murdoch’s, Rocky Mountain Supply, and Quality Supply.The Guide is also used for mailings. Call me if you'd like one and I'll send it out to you.

·All listings are placed on our www.EnnisMontanaRealEstate.com website and the www.CMPMontana.com website, and qualified properties are placed on www.CabelasTrophyProperties.com website

·Clearwater Montana Properties’ agents attend trade shows such as The Great Rockies Sports Shows, The Denver Fly Fishing Show, and The Outdoor Adventure & Travel Show in Calgary to promote the Clearwater Montana Properties Listings.

·Professional flyers promoting properties

·Virtual Tours on websites and our own YouTube channel andYouTube.com

·I promote properties on Realtor.com, Zillow.com, YouTube.com, Trulia.com, Montana Land Magazine.com, Landwatch.com, LandsofAmerica.com, Facebook,Twitter, and LinkedIn.com and Google

·We are a member of the Ennis Chamber of Commerce

·Annually we contribute a percentage of all professional fees earned to Ennis civic organizations

·We are members of civic organizations in our communtiy

·We arededicated professionals working hard for you!

·Open 7 days a week and by apppointment

Clearwater Montana Properties

An American Real Estate Company

Bill Mercer, Broker GRI

Clearwater Montana Properties/Cabela’s Trophy Properties

130 E. Main StreetEnnis, MT 50729

Email: wwmercer@gmail.com

Website: www.EnnisMontanaRealEstate.com

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Bozeman, Montana: Accolades for Our... Technology

02-10-12

Tim Hart

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Office: (406) 570-5730

Inc. cites Bozeman businesses such as online appointment booking platform Schedulicity, social media and e-learning platform Wisetail, software provider RightNow Technologies and TechRanch in the article."(Bozeman is) a small town in southwestern Montana right in the mountains with fantastic schools and unbelievable opportunities for recreation, so we have people that come here from all over," Schedulicity founder Jerry Nettuno states in the article. "People come (here) generally to look for a better, simpler way of life." For the Full Article Click Here

Today, there are nearly 600 million websites, and the percentage of Americans with Internet access is closer to 80 percent. Not only is the country wired, but it’s also wireless, as more and more people with smartphones carry the Web with them wherever they go.Such changes in technology and how they relate to campaigns, candidates and constituents became an underlying theme of the daylong Campaign School, a training session on all things campaign-related at the Bozeman Hilton Garden Inn on Thursday. For the Full Article, Click Here.

For Other Articles in the Bozeman Daily Chronicle, Click Here

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Flathead Valley Weekly Update: February 10, 2012

02-10-12

Cary Jo Hofstad

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Mobile: (406) 261-2758

As I write this blog, it is snowing big flakes outside my window. Our snow pack is about 52% of normal and the ski hill has half as much snow as a year ago - of course that was a record year. Snow is in the forecast for the next week so skiers rejoice!

There are a number of investors in the market looking at multi-family and commercial real estate. I had a commercial listing just close and showings on the duplex units I have listed. Job ads at Job Service and in the local paper are definitely on the rise. Good news that we have been waiting for. I remember back in '07 the economic forecast for the valley was that 2012 would be the beginning of an up turn in the market. Seemed like a long time to wait but maybe we are there.Since then our MLS has lost about 1/2 of the licensed Realtors. Those of us who have been able to hang in there during the challenging last few years are set to benefit from less competition.

Whitefish Winter Carnival is in full swing. The parade was last Saturday with many events set to come.

Kalispell City Council voted to remove the transportation tax that was added onto the cost of new construction. Any reduction in costs will benefit home buyers of new construction.

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Foreclosure and Short Sale Weekly Listing for Gallatin Valley, Montana: Week 2/10/2012

02-10-12

Jenifer Owens

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Office: (406) 556-7188

Mobile: (406) 209-0022

Active Foreclosures in Bozeman,
Belgrade,
Manhattan,
Three Forks, &
Big Sky!

Week of February 10, 2012

The following links are for the current FORECLOSED HOMES in the Gallatin Valley. They are usually priced well and most do not stay on the market for long. Take a look, find your favorite, then call to schedule your appointment to see them!

Bozeman Montana Foreclosures

Belgrade Montana Foreclosures

Manhattan Montana Foreclosures

Three Forks Montana Foreclosures

Big Sky Montana Foreclosures

These links are the SHORT SALE homes that are available presently. If you do not know the details for purchasing a short sale home, please email, call or text and we can explain those for you! We would love to be your guide in finding a great home at an outstanding price.

Bozeman Short Sale Homes

Belgrade Short Sale Homes

Three Forks Short Sale Homes

Big Sky Short Sale Homes

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