REAL ESTATE MARKET UPDATE | GREATER BIG SKY
Statistics from Big Sky County MLS for September 2020 have been released and we are excited to share what the market has done over the last month and compare it to September 2019.
- Average Sales Price for Single Family Homes have seen an increase of 33.3% jumping to $3,021,278. Condo/Townhouses also saw an increase of 141.5% putting the Average Sales Price at $1,363,440.
- Closed Sales have increased for Single Family Homes with a total of 26 closed transactions, up from 5 in 2019. Condo/Townhouses have also seen a large increase of 150% with 25 Closed Sales.
- Inventory of Single Family Homes has decreased by 15.9% to only 53 homes vs. 63 this time last year. Inventory of Condo/Townhouse has also decreased 38.9% to 80, down from 131 in September 2019.
- Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 96.8% for Single Family Homes and 98.7% for a Condo/Townhouse.
Source: Big Sky Country MLS
If you are curious what this will mean for you (as a buyer or seller), please don't hesitate to reach out. You can reach Broker Tamara Williams at (406) 223-6823.
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