Real Estate Market Update

There are currently 17 blog entries related to this category.

While it may seem like we see for sale signs everywhere we look around town, there has been a change in the real estate market the same time last year. I have provided below data published by Big Sky Country MLS the market activity for the Gallatin County. (Please note: this data reflects all cities in the Gallatin County, not just for Bozeman.)

  • For new listings hitting the market, there has been a 14% decrease.
  • Current homes for sale are down 31% from last year. This does not mean that homes are not moving (aka selling).
  • In fact, there has been a 10% drop in average days on market at 67 days vs. 75 days on market September 2016. 
  • We are still working with many out of state buyers who are relocating either on a temporary or
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It feels great to receive positive feedback from your client! 

With this new construction home built by Old Mill Homes, we wanted to highlight the modern finishes, unique custom touches, and the open layout this home had to offer. 

Photography & Staging
It is evident from the photos, but we are proud that this home was showcased with such care and thought. Tons of natural light flooded through this home accentuating the white / grey kitchen and darker wood flooring. Through professional photography and services, the details, design and clean lines of this home couldn't have been showcased any better.  

Drone Photography 
Drone photography of this property captured the exterior shots from above. For any buyers unfamiliar with this area of

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402 North 20th Avenue, Bozeman, MT

Price Reduced
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Tamara Williams and Company

Broker
Tamara Williams and Company
406-223-6823
Licensed In: MT

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PRICE REDUCED - NEW LIST PRICE: $325,000
4 BEDROOMS | 3 (1 full, 1 half, 1 ¾ bath ) BATHROOMS | 1959 SQUARE FEET

4 bed, 2.5 bath, single level home with full basement near Kirk Park

The home includes:

  • 2 car attached garage 
  • Partially fenced backyard
  • Two fireplaces 
  • Laundry room adjacent
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  Summer is an incredibly busy time of year for real estate agents as you are well aware of. In fact, we have closed a number of deals consistently every month this summer and are excited to keep up this momentum!    One of our transactions only took 12 DAYS to close from when the offer was accepted to closing. There are many reasons why I love to list properties which include but not limited to:  - Helping people  - Executing a marketing plan  - Researching the market and comparisons  - Researching buyer demographic    Here at Tamara Williams & Company we are all about providing one-on-one service. Interested seeing our marketing plan? We would be happy to connect and answer any and all questions you have listing your…
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Bozeman, Montana, July, 14th 2017  Tamara Williams of Tamara Williams and Company was named one of America’s most productive sales associates as a part of REAL Trends America’s Best Real Estate Agents, the newly issued ranking report produced by REAL Trends and sponsored by Zillow Group.  Tamara is now a member of the “America’s Best Real Estate Agents,” and ranked number 21 for the state of Montana.

REAL Trends America’s Best Real Estate Agents ranks over 12,600 residential real estate professionals solely based on their excellence in real estate sales during calendar year 2016. All production numbers are independently verified by a third-party in order to ensure accuracy and report integrity. “This group of highly successful real estate sales agents

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  1. FIRST STEP - Contact an agent, even if you are a For Sale By Owner (FSBO). 

  2. TIMELINE - When do you want to list your home? 
    - Tamara Williams & Company hits the ground running scheduling stagers, photographers, drone pilot, repair companies, landscapers, etc to get your home where it needs to be.
    - All homes are different and require different needs so discuss a game plan with your agent. 
    - It's summer and it's a busy time of year, especially for photographers. Weddings take up a lot of their time and energy so booking on their schedule ASAP is the best practice so your list date does not have to be delayed. 

  3. KNOW YOUR DESIRED LIST DATE - What if you don’t sell by your desired date?
    - If you are a FSBO, do you have a PLAN B

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There was a recent Downtown Bozeman lot on the market for $345,000. After reading that, you are likely thinking something along the lines of ... "WHAT! That is an outrageous price!"

Affordability is a huge issue in town. Yes, we agree. However, there are a number of lots for sale in the $80K-$100K+ price range. In addition, in the last few months we sold new construction homes (3 to 4 bedroom - single family home) for that amount that were slightly outside downtown.

The take away here is, don't freak out that you can't afford Bozeman. You ABSOLUTELY can! 

  • 39 Horsethief Peak Court, Bozeman // MLS # 218225 // $380,000 
    TEXT 59916 to 25678  
  • 509 Landmark Drive, Belgrade // MLS # 218750 // $375,000 
    TEXT 36690 to 25678

. . . .

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What are your home buying questions? I would love to help you out in any way I can. The home buying process can be daunting, especially in a hot market. I'm here to help answer any and all questions. Some initial questions that you have been mulling over...

  • How is the Bozeman Real Estate market? 
  • Interest rates are rising. Is this the right time to buy? 
  • What are my financing options? 

Call / text me at 406-223-6823 or Email me at Tamara@BuyBozemanHomes.com

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I recently attended the Economic Seminar here in Bozeman earlier this month. Economists are stating an overall trajectory that the Real Estate market will continue to grow through the next 5-10 years. This is a GREAT thing for the City of Bozeman, the Bozeman Real Estate market, and YOUR property value.

  • Interest rates are subject to continue increasing. What we don't know is what the rates will look like come summer...
  • We are still seeing pretty low inventory in Bozeman for single family detached units, condominiums, farm and ranches, across the board. 
  • The good news is that Spring is around the corner and we do expect A BIG INCREASE in homes hitting the market. 
So if you are a homebuyer, be aggressive, get your financing in order,…
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It's been a busy week, with the year coming to an end and the beginning of a new year. Wanted to report on how BuyBozemanHomes is doing!

We closed on 25 Blaze Peak Court, Bozeman - In Woodland Park Subdivision. 
We put 3480 Lemhi Trail, Bozeman in The Crossing Subdivision under contract. 
AND we are working on two other deals! Keeping our fingers crossed we can make that happen before the end of the year. 

Feeling GREAT about hitting our 2016 goal of $20 Million in Production! Thankful for friends, family, and a great network of superb clients! 

If you're looking to buy or sell in Bozeman, give me a ring (406) 223-6823 and I would be happy to help you!  

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