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Big Sky, MT

Montana Mountain Luxury Homes Auction March 2012 Spanish Peaks and Yellowstone Club Real Estate

Taunya Fagan - Today's Montana Listings: Bozeman Real Estate: Luxury Homes: Land: Real Estate Agent in Bozeman, MT

One of the Yellowstone Club Homes, Three Spanish Peaks Resort Luxury Properties to Be Auctioned March 2, 2012

One of the four Big Sky MT luxury properties going to auction March 2, 2012 is set in the exclusive, gated Yellowstone Club, which offers both private downhill skiing, snowboarding, and golfing, This YC property is a ~4,806 sq ft, 4 bedroom, 6 bathroom luxury house with private ski bridge and had been listed with the Yellowstone Mountain Club for a little under $5 million.

Yellowstone Club 2008 Brett FaganYellowstone Club luxury homes' sites and fabulous amenities are built around 2,200 skiable acres, offering the world's only private ski runs, and a championship golf course designed by golfing legend, Tom Weiskopf. The Club's base area is home to the 100,000 sq ft Warren Miller Lodge, offering various dining facilities; private condos; fitness center; retail shops; and youth center with soda fountain, arcade, rock climbing, movies, and basketball. The YC also offers an outdoor pool and spa center.

The other three Big Sky luxury homes surround the 5,700-acre Tom Weiskopf-signature golf and Big Sky ski community at the Spanish Peaks Montana luxury real estate development.

Two of these three luxury homes, properties that had originally been listed between $2.48 million and $3.2 million, are both called "Discovery Cabins." Cabins number 14 and 15, about 3,514 sq ft each, contain 5 bedrooms and 6.5 bathrooms and offer attached, two-car garages.

The other, called the "Pioneer Cabin" number 18, is a ~3,423 sq ft, furnished, 5 bedroom, 6.5 bathroom luxury property, with a detached, two-car garage.

Similar to the inhabitants of the Yellowstone Club, Spanish Peaks Resort residents have their own 32,000 sq ft clubhouse with excellent dining, private golf course, hiking trails, access to both Big Sky and Moonlight Basin Resort ski trails, and all the outdoor activities the Big Sky Montana area has to offer.

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Taunya Fagan, A Trusted Name in Montana Real Estate, giving you the advantage...®

406.579.9683 - taunya at taunyafagan.com

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Big Sky Montana Real Estate 4th Quarter Market update

Jenifer Owens: Real Estate Agent in Bozeman, MT
Big Sky Montana Real Estate 4th Quarter Market update

The following graphs should help you understand where the market in Big Sky is for the 4th quarter of 2011.

Market for Single Family Homes in Big Sky, MT

big sky montana real estate

The previous graph indicates that, as usual, the fourth quarter during the holiday season did taper off some, but had an interesting side note in that what we did sell had a higher market value and had been on the market for an extended time period. This is likely a result of the ski season here in Big Sky country. We can likely expect more of the same for the first quarter of 2012 as ski season continues.

Real Estate Inventory for Big Sky, MT

big sky montana real estate

This graph is an indication of our inventory, how well it is moving, and how long it might take to get your home sold. We refer to this as the Absorption Rate. Unfortunately for Big Sky, we are still seeing a very slow market across the board.

Since there are considerably more homes on the market than there are buyers and you should be prepared for a longer listing period to sell your home, at this point the math tells us at least an 18 month marketing period. You should also consider very carefully your price point in order to short cut the length of time it may take to sell your home.

Average Asking Price to Actual Sold Price

big sky montana real estate

The last chart I would like to share with you is the average asking price to sold price. As you can see, if you own a Single Family home under an acre, a condo, or a townhouse within Big Sky, you can expect some solid negotiating in the Big Sky market. Buyers are still expecting a deal and those sellers wanting to move their home have agreed to the reduced price to get it done.

If you have further questions about Big Sky homes for sale, or would like to search the homes for sale in Big Sky Montana, please don't hesitate to call or email! We are your expert local real estate broker.

Big Sky Real Estate Market Report: Absorption Rates Dec 2011

Jenifer Owens: Real Estate Agent in Bozeman, MT

How long will it take to sell my Big Sky, MT home?

In Realtors language, we call it the absorption rate. We can analyze the sales data from the last 6 months in comparison to the number of homes that are still on the market and make an educated guess as to how long it may take homes in Big Sky Montana to sell. The chart looks like this:

Big Sky Absorption Rates

What does the chart tell us? If you have a home that has a list price of under $350,000, you stand a very good chance of selling it in under six months since we have sold seven homes in that price range in the previous six months and currently only have five available to sell. If you have a home that is priced between $600,000 and $1M, you are likely facing eighteen months of marketing time, and if you home is listed for over a million, you are in it for the long haul. There is an extremely good chance of having to market your home for approximately three years before getting the job completed.

As a buyer, if you have the capacity to purchase a home on the upper end of the Big Sky real estate market, your selection should be fantastic and your negotiation position is strong. Find your dream home and make an offer!

Spanish Peaks news... Buyers Beware!

Jenifer Owens: Real Estate Agent in Bozeman, MT

Spanish Peaks:

Big Sky Homes and property, buyers beware!

This week was not good news for the Spanish Peaks development in Big Sky, Montana! As with quite a few elite subdivisions in the Big Sky area like the Yellowstone Club, Spanish Peaks released some very disturbing news this week:

Spanish Peaks Closes: Employees Laid OffBig Sky Real Estate

Spanish Peaks file for Chapter 7 Bankruptcy

Court documents provide insight into Spanish Peak’s legal conflicts

There are other options for some wonderful opportunities to own a second home or a ski resort vacation home! Moonlight Basin has restructured and will be open for business with some wonderful homes and condo’s to purchase, and Big Sky is alive and well.

If you are interested in Big Sky Homes, please contact us for and updated list of homes for sale and any resort information you might like!

Today's Just Listed Bozeman Montana Real Estate Week 3 December 2010

Taunya Fagan - Today's Montana Listings: Bozeman Real Estate: Luxury Homes: Land: Real Estate Agent in Bozeman, MT

Just Listed in Bozeman and other SW Montana cities: New real estate updates for Belgrade, Bozeman, Big Sky, Gallatin Gateway, Wise River, and other Montana cities as properties are listed.

Week 3 December 12 - December 21, 2010 - Detailed information on ALL Southwest Montana real estate listings now. Daily property updates here as listings hit the market on the SW Montana real estate MLS.

163 Lake Drive East Bozeman Real Estate163 Lake Drive East
Bozeman Log Home
$599,000
27.91 Acres

MLS 172571
4 Bedrooms
3 Bathrooms
Montana Mountain Homes

MLS # Type Address Price Beds Baths

Belgrade
173938 SF -1 705 Golden West $229,900 5 2
173942 SF -1 808 N River Rock Drive $172,000 3 3
173907 SF -1 75 Garnet Drive $259,000 4 3
173933 SF -1 697 Southview $169,900 3 1
173934 SF -1 395 Woodman Drive $169,500 3 3
173928 SF -1 217 W Magnolia $129,000 4 2
173930 CONDO 1126 Cruiser Lane G $83,800 3 3
173893 MB +1 429 Briar Place $224,900 3 2
173898 SF -1 215 N Davis Street $169,900 3 2
173877 SF -1 103 10th $169,000 3 3
173875 SF -1 446 N River Rock Drive $144,900 3 2

Big Sky
173943 SF +1 896 Elk Meadow Trail $4,395,000 5 5
173946 CONDO C-8 Firelight Drive $84,900 2 2
173895 SF +1 857 Crown Butte Road $2,950,000 4 4
173894 CONDO 7 Big View Drive $1,395,000 4 5

Bozeman
173939 SF +1 3250 Linney Road $299,900 4 2
173920 SF -1 515 W Cleveland Street $863,000 5 3
173932 SF -1 1080 New Holland $269,900 4 3
173905 SF -1 418 W. Lamme $144,900 4 2
173896 CONDO 4050 W Babcock #16 $199,900 3 2
173897 SF -1 313 Stillwater $179,900 3 2
173870 SF -1 20 E Tamarck Street $268,500 4 2
173866 SF -1 3179 Hillcrest $329,000 3 3
173859 SF -1 407 S 14th Avenue $269,000 3 2
173871 SF +1 1316 Bear Canyon Road $249,900 4 2
173876 CONDO 3321 N N 27th Ave $122,000 2 2

Gallatin Gateway
173882 MB -1 507 Garnet Mountain Way $44,900 2 2

Wise River
173944 MB +1 2005 Bear Gulch Road $495,000 3 2

December 11 - 21, 2010 - From the Southwest Montana Real Estate MLS: For any information on Montana real estate listings, please call 406.579.9683. Find Montana log homes, luxury properties, town houses and condominiums...Taunya Fagan Montana Real Estate!

SF -1 = Single Family Under 1 Acre, SF +1 = Single Family Over 1 Acre, MB = Mobile Home

Dynamic, Proactive, Tireless... Prudential Bozeman Real Estate

giving you the advantage...®

406.579.9683 - taunya at taunyafagan.com