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Maddison Valley

Current Market Facts

 

CURRENT REAL ESTATE NEWS AS OF April, 2017

LOCAL REAL ESTATE MARKET STATISTICS-April was another busy month and it isn't even summer yet! When the inventory gets tight, buyers seem to get more anxious to buy something, before it's all gone.  It keeps us hopping.  This was the best winter for real estate sales we have seen in over 10 years! We want to thank all of our clients and supporters!  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 April 2017 are as follows:

Land: 299 vacant lots are listed ($21,000 to $3,300,000); 12 pending sales ($30,000 to $265,000); and 17 lots sold ($28,900 to $195,000), totaling $1,238,400, which was 91% of asking price.

HOMES: 87 homes listed ($74,900 to $7,500,000);21 pending sales ($60,000 to $2,950,000); and 19 homes have sold ($26,500 to $2,475,000), totaling $7,467,500, which was 94% of asking prices.

RANCHES: 2 listed ($3,150,000 to $9,950,000); 1 pending sales ($6,750,000) , 1 sold ($1,000,000), which was 83% 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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