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Maddison Valley

Current Market Facts

 

CURRENT REAL ESTATE NEWS AS OF May, 2017

LOCAL REAL ESTATE MARKET STATISTICS-May was crazy with properties coming on the market one day and going under contract the next! This is very unusual for our small market area, but it's happening more and more. Demand is high, supply is low.  The Southwest Montana Multiple Listing statistics for the Madison valley area (including Ennis, Cameron, Mc Allister, Norris, Virginia City, Harrison, Pony, Whitehall, and Cardwell), for the month of May 2017 are as follows:

Land: 312 vacant lots are listed ($21,000 to $3,300,000); 14 pending sales ($49,000 to $1,985,000); and 31 lots sold ($22,500 to $245,000), totaling $2,245,400, which was 93% of asking price.

HOMES: 100 homes listed ($74,900 to $7,500,000);24 pending sales ($69,900 to $2,950,000); and 28 homes have sold ($26,500 to $2,475,000), totaling $10,122,800, which was 93% of asking prices.

RANCHES: 4 listed ($3,150,000 to $14,950,000); 0 pending sales  , 2 sold ($1,000,000 to $5,350,000), which was 80% of asking price.

COMMERCIAL: 26 listed ($44,500 to $987,000) ;1 pending sale ($2,950,000); and 2 commerical  properties sold ($73,000 to $235,000), totaling $308,000, which was 87% of asking price.

 

Check out the 10 year statistics of the area at:

http://www.eralandmark.com/marketwatch/2017/02/era-landmarks-10-year-retrospective-real-estate-statistics-ennis-montana/

 

 

 


Toni Bowen on Zillow

My Madison Real Estate Listings

The graphs below show the year-to-date real estate activity in the Madison Valley, in several different ways to give you a complete perspective of our particular market.

Local: (406)682-4290       Fax: (406)682-4062       219 E. Main St       PO Box 546       Ennis, Montana 59729
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