2019 has gotten off to a beautiful start in Northwest Montana. We’ve enjoyed many inversion days—when clouds sink into the valley, and mountaintops bask in brilliant sunshine—as well as deep powder snowfall. Winter temperatures haven’t been too harsh, and now, in the heart of the season, we’re cross country skiing, snowshoeing, snowmobiling, and more. But we’re not here to talk about that! The data is in, comparing neighborhood statistics from 2018 against 2017! Our region had a strong year, with particularly solid growth in Whitefish and Bigfork MT real estate.
In Bigfork, a picturesque Flathead Lake town on the northeast shore, both residential sales and land sales saw a bump, with 2018 reporting a 15 percent and 16.3 percent increase over 2017, respectively. The biggest jump for this community was in the total volume of land sales, which soared from $92 million to $123 million, a 50.4 percent change. The total volume of residential sales also increased, by 34.3 percent. Across the board, Bigfork MT real estate had a great year.
A half hour north, in the quintessential resort town of Whitefish, growth in the land market outpaced residential in 2018, with a 14.5 percent increase in sales and a 28 percent increase in total volume, compared to 2017. Even so, the Whitefish residential median price grew slightly more, 13.2 percent.
In the center of the Flathead Valley, Kalispell saw steady growth on all fronts, with a 9.7 percent increase in the residential median price, and an 11.7 percent increase in the residential land price. The total volume of land sold had the biggest jump, of 19.7 percent.
Looking back towards Flathead Lake, 2018’s land sales in the Lakeside/Somers region also saw huge gains over 2017. The total number of sales increased from 37 to 52, a 40.5 percent bump, and the total volume of those sales grew from $4.6 million to $7.9 million, an increase of 71.8 percent! The residential market saw more modest—but still substantial—growth, with a 15.7 percent increase.
Waterfront properties on Flathead Lake grew as well, reporting a 22.9 percent increase in number of sales, and a 79.29 percent increase in the total volume of those sales. The median price grew by 6.9 percent. Last year saw record-breaking sales in waterfront property.
If the growth in the Flathead Valley market has piqued your interest in local property, whether your dream is beautiful Bigfork MT real estate or a slopeside condo in Whitefish, contact our local agents! You can always browse online for Bigfork real estate, Whitefish Montana real estate, Kalispell real estate, Lakeside Montana real estate, Polson real estate, and more.
PHOTO: Bigfork MT real estate, featuring 370 Ferndale Drive. For more information, contact Jason Leishman at (406) 529-9934.