Photos from Gerry Khatchikian, ASA, TRC-Realtor- Buy & Sell Houses in Carbon County, Montana
Closer view of the houses and buildings in Red Lodge from the West Side (overlook near Airport Road)Located in: Red Lodge, MT
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):
"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.
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
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."
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.
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?
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
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
City: Red Lodge
Type: Vacant Land
Date: December 31, 2008
Total inventory: 222
|
Period (Data Observed) |
Number of Units Sold |
Equivalent Yearly Sales Projection |
Absorption Rate * |
|
Last 12 months |
41 |
41 |
5 years 5 months |
|
Last 6 months |
12 |
24 |
9 years 3 months |
|
Last 3 months |
6 |
24 |
9 years 3 months |
|
Last month |
2 |
24 |
9 years 3 months |
* Explanation:
The key statistic that I calculated is the absorption rate, the time it would take to sell the current total inventory at the present rate of sales. For my calculations, I determined the present rate of sales based on data retrieved for 4 different periods (latest 12 months, 6 months, 3 months and one month sales). Most would only look at the last month's sales to get the present rate of sales, but by looking at the 4 chosen different periods, we get a better sense of the trend in recent sales and the trend in the absorption rate.
If you want to learn more about the absorption rate and its importance, please read Amber Noble-Garland's post entitled: Market Absorption 101 - A basic lesson in Real Estate .
Based on the total inventory as of December 31, 2008 and a rate of sales similar to the number of units sold in period indicated (last year, 6 months, quarter or month), it would take the indicated time (in years and months indicated under Absorption Rate column) to sell the total inventory. For example, based on the inventory as of December 31, 2008, and a rate of sales similar to the number of units sold in the last year (last 12 months), it would take 5 years and 5 months to deplete the total inventory. However, based on the rate of sales similar to the number of units sold in the last month, it would take 9 years and 3 months to deplete the total inventory. The absorption rate is higher if we look at the more recent data (latest 1 month compared to latest year) as a result of a slow down in sales.
I will provide these statistics (for Residential and for Vacant Land) on a monthly basis to help clients and future prospects get a better undertanding of the market in Red Lodge.
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
I decided to take Mirela Monte's advice from her post entitled: How Posting Easy Market Statistics For Your Area Can Garner You Valuable Leads .
The key statistic that I calculated is the absorption rate, the time it would take to sell the current total inventory at the present rate of sales. For my calculations, I determined the present rate of sales based on data retrieved for 4 different periods (latest 12 months, 6 months, 3 months and one month sales). Most would only look at the last month's sales to get the present rate of sales, but by looking at the 4 chosen different periods, we get a better sense of the trend in recent sales and the trend in the absorption rate.
If you want to learn more about the absorption rate and its importance, please read Amber Noble-Garland's post entitled: Market Absorption 101 - A basic lesson in Real Estate .
I ran queries on the Red Lodge MLS, tabulated the numbers in a spreadsheet and came up with my first statistics to post on AR. The following summarizes my results:
City: Red Lodge
Type: Residential
Date: December 31, 2008
Total inventory: 90
|
Period (Data Observed) |
Number of Units Sold |
Equivalent Yearly Sales Projection |
Absorption Rate * |
|
Last 12 months |
55 |
55 |
1 year 8 months |
|
Last 6 months |
29 |
58 |
1 year 7 months |
|
Last 3 months |
8 |
32 |
2 years 10 months |
|
Last month |
2 |
24 |
3 years 9 months |
* Explanation: Based on the total inventory as of December 31, 2008 and a rate of sales similar to the number of units sold in period indicated (last year, 6 months, quarter or month), it would take the indicated time (in years and months indicated under Absorption Rate column) to sell the total inventory. For example, based on the inventory as of December 31, 2008, and a rate of sales similar to the number of units sold in the last year, it would take 1 year and 8 months to deplete the total inventory.
I will provide these statistics (for residential and for vacant land) on a monthly basis to help clients and future prospects get a better understanding of the market in Red Lodge.
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
 |
|
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At Prudential Red Lodge, we are committed to meeting your real estate and property management needs with the utmost professionalism to achieve the results necessary for your goal. I speak 4 languages.
Growing up in Montreal, Gerry is a big fan of the Montreal Canadiens hockey team.
Along with being a Realtor, Gerry also has 14 years of experience as an Actuarial Analyst in Toronto, Atlanta and Southern California. Gerry has always displayed high ethics as an Associate of the Society of Actuaries (ASA) and will continue that in his career with Prudential Red Lodge. He also worked as a substitute teacher with a focus on high school Mathematics. Gerry is multilingual (speaking 4 languages: English, French, Spanish and Armenian) and studied in two universities (in English at Concordia University and in French at Université du Québec à Montréal). He envisions putting his language skills to good use in developing the international market and bringing the world to discover Montana. He holds the TRC (Transnational Referral Certification) designation.
Gerry's interests include teaching, traveling, playing volleyball, skiing, hiking, mineral collecting as well as grooming and pampering his three Australian Shepherds: Kylie, Sir Barkley and Jester. It was his love of nature, animals, the small town hospitality, and the beauty of the Montana landscapes and of nearby Yellowstone National Park that inspired Gerry to call Red Lodge his new home.
Gerry looks forward to apply his attention to detail, language skills, well-traveled openness to the world and multicultural experience. His motto is "always professionally deliver the best experience and service to your clients". Gerry is eager to be able to devote some of his spare time to supporting the community through his volunteerism with the Boys and Girls Club and Habitat for Humanity.
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