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Maddison Valley

Current Market Facts

 

CURRENT REAL ESTATE NEWS AS OF July, 2017

LOCAL REAL ESTATE MARKET STATISTICS- July was exhausting, with so many visitors in town hoping to find their dream properties.  New listings are popping up every day, but affordable housing continues to be a big problem here, just as it is in Bozeman, Big Sky and the surrounding areas.  Also the demand for rentals is very high and practically no supply. The Big Sky Country 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 July 2017 are as follows:

Land: 317 vacant lots are listed ($22,000 to $3,300,000); 18 pending sales ($21,000 to $385,000); and 49 lots sold ($59,000 to $1,875,000), totaling $6,545,160.

HOMES: 107 homes listed ($74,900 to $7,500,000);23 pending sales ($69,900 to $2,950,000); and 45 homes have sold ($26,500 to $2,475,000), totaling $13,750,900.

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: 29 listed ($45,500 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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