Intro to Bozeman

Bozeman and Belgrade Real Estate Trends

by Liz Nitz

Bozeman and Belgrade Real Estate Trends

I hope that this blog finds everyone well out there.  The people of Gallatin County have done a good job of being responsible with their interactions and keeping the Coronavirus at bay.  We have also done an even better job of reaching out to others and helping those who need it.  I have seen so many great examples of our caring community including food deliveries to those who have been laid off, people purchasing gift cards to support local businesses, even a man with a guitar singing to seniors outside their windows. Hopefully we don’t have much longer of our home isolation and can look forward to a great summer together.

Some of you are probably wondering, what has happened to the Bozeman and Belgrade real estate market?  Have home values dropped thereby decreasing your equity?  I know that after your health of yourself and loved ones, the economic consequences of this crisis have got to be paramount in your mind.

You may be surprised to learn then, that the real estate market is holding its own.  I have made some tables below to illustrate.  The categories for this blog post are single family homes in all price ranges and the three tables represent Bozeman City Limits, Bozeman Outside City Limits and Belgrade.

 

Bozeman City Limits

In this table, we see data from Bozeman inside city limits.  New listings for March are actually up over last year.  Closed sales are also in line with last year however most of those sales would have been signed in late January or February.  The slowdown here can be seen in Pending sales.  A few reasons for this – People are hesitant to look at homes now, sellers are requesting initial showings by video and we did not have the normal influx of out of towners for spring break and house shopping.   Our inventory has increased a little but prices have remained firm thus far.  We are still at a pretty low inventory level as real estate markets go.

 

Bozeman – Outside City Limits

Below are the statistics for Bozeman Outside City Limits.  This is a little different of a situation.  Here we see increased listings over last year and even increased pended sales in the month of March.  Closed sales have slowed slightly but the interesting number is that Days on Market has decreased by 30 days in March and is down even year to date.    Inventory is up a bit as I would expect due to our recent situation and the difficulty in getting out.

 

Belgrade

Next up is Belgrade.  Belgrade is just booming with development and home sales.  We see increased inventory over last year and increased pended sales and a year to date increase in closed sales.  Days on market has decreased reflecting plenty of buyer activity.

 

Thus far, real estate is still moving, thanks to Governor Bullock allowing us to continue our work with people needing homes.  Home loans are still available at good rates and we have not seen pricing decreases.  April’s numbers will be very enlightening as our sales will have been affected by the March stay at home time order.

Keep an eye on my blog at http://MoveMeToMontana.com for updates and more information about the Bozeman area.

Data is from Gallatin Realtors and Big Sky MLS.  https://gallatinrealtors.com/

Stay strong, stay distant and stay healthy!  We got this.

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Latest Listings

The following homes listed below were just listed in the last 7 days. This seller’s market is hot so we keep a close eye on the latest inventory. Subscribe below for instant updates of your ideal criteria.

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2000 Goose Ridge, Bozeman, Montana 59715

2000 Goose Ridge, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
20.94Acre
1,971Sqft
Amongst the trees atop Goose Ridge you’ll find this beautiful mountain property. Built in 2001 on over 20 acres this 1,971 sq ft 2 bedroom, 2 bath log home is both comfortable and spacious. A partially covered wraparound deck steps down to an outdoor fire pit. The great room offers a lovely venue to take in expansive Absaroka views.
$845,000

27 Noble Peak Drive, Bozeman, Montana 59718

27 Noble Peak Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.26Acre
2,152Sqft
Beautiful 2020 built farmhouse in a quiet location in sought-after Woodland Park. Enjoy the rural and mountain views from the 11,000+ sqft lot that is fully fenced, sprinklered, and landscaped. The home is light, bright, and elegantly appointed in every detail. The open concept floor plan allows a nice flow between living spaces and access to several outdoor areas.
$779,000

2440 Tschache Lane 302, Bozeman, Montana 59715

2440 Tschache Lane 302, Bozeman, Montana 59715

2Bedroom(s)
1Bathroom(s)
1,063Sqft
These homes have modern finishes and open floor plans. The site is surrounded on 3 sides by a city park and open space, allowing for awe-inspiring views in nearly every direction. All of this from a central location within walking distance from shopping, restaurants, and retail. Start your day with Starbucks coffee (only a block or so away).
$460,000

333 New Ventures Drive, Bozeman, Montana 59718

333 New Ventures Drive, Bozeman, Montana 59718

2Bedroom(s)
1Bathroom(s)
0.81Acre
1,088Sqft
Many opportunities on this Four Corners Commercial Zoned Property! The property is currently laid out to feature (3) rentals for either short and/or long term. The 1st structure is a custom crafted cottage with many details throughout with super efficiency, charm & functionality.
$925,000

3401 Fallon 1B, Bozeman, Montana 59718

3401 Fallon 1B, Bozeman, Montana 59718

2Bedroom(s)
1Bathroom(s)
936Sqft
Awesome opportunity to own in Bozeman! This single story main floor 2 bed, 1.5 bath condo has an easy floor plan. Brand new carpet just installed and washer & dryer are included. 1 car detached garage plus parking on street. Fireplace will keep you warm and cozy this fall! Conveniently located close to MSU, mall/shops, grocery and restaurants with Ferguson Farms/The Market just down the road.
$310,000

404 Fieldstone Drive, Bozeman, Montana 59715

404 Fieldstone Drive, Bozeman, Montana 59715

4Bedroom(s)
2Bathroom(s)
0.24Acre
2,134Sqft
Are you looking for more than just a tract home? Do you recall as a child riding your bike down tree-lined streets in a quiet, safe neighborhood? How about the Ice Cream truck driving down the street bringing all your friends outside for a frozen treat? Well, we can't turn back the hands of time, but we have the next best thing.
$675,000

5443 Vahl Way, Bozeman, Montana 59718

5443 Vahl Way, Bozeman, Montana 59718

4Bedroom(s)
1Bathroom(s)
0.12Acre
2,924Sqft
Spectacular setting, home, and neighborhood. This 2019 Parade of Home's entry allowed no detail to be overlooked. Custom additions on this home will provide so much enjoyment and value to the lucky new owner. From the office at the front entry of the home, which showcases one of the lakes, to the spacious great room, kitchen and dining combination; the views abound.
$1,049,900

3024 S 31st Avenue, Bozeman, Montana 59718

3024 S 31st Avenue, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.10Acre
2,128Sqft
Encounter Gran Cielo, Bozeman’s newest neighborhood. Where contemporary design meets classic community. Located in the heart of all that Bozeman offers, with easy access to everything. The Lagom N1 is 2,128 sq ft, offering 2 living areas, 3 bedrooms, 2.5 bathrooms with office space.
$775,000

1802 W Lincoln Street 13, Bozeman, Montana 59715

1802 W Lincoln Street 13, Bozeman, Montana 59715

3Bedroom(s)
1Bathroom(s)
1,349Sqft
Beautifully remodeled 3 BR, 1.5 BA townhouse-style condo adjacent to Montana State University. Stunning kitchen renovation with all new black stainless appliances, new counters, new soft-close cabinets, new tile flooring, new canned LED lighting and a massive pantry with a custom alder sliding barn door.
$407,000
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Bozeman, MT 59715

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