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Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana

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

City: Red LodgeRed Lodge, Montana - Deers on the golf course

Type: Residential

Date: February 28, 2009

Total inventory: 98 *

Period (Data Observed)

Number of Units Sold

Equivalent Yearly Sales Projection

Absorption Rate

Last Year

51

51

1 year 11 months

Last 6 months

17

34

2 years 11 months

Last quarter

4

16

6 years 2 months

Last month

2

24

4 years 1 month

* Total inventory includes 13 properties with a status of "Contingent".

For an explanation of absorption rate and how it is calculated, see the following 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. 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 Vacant Land at February 2009 Month End

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

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

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

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