Intro to Bozeman

Bozeman Real Estate Rebounds After Covid Closures

by Liz Nitz

 

Wow Bozeman, what a month! No one was sure what would happen to the Bozeman real estate market during and after the Covid closures.  We found out this week that Bozeman real estate rebounded decisively.

 

Where we came from…April

In my April report, we saw the full effect of the Covid restrictions and concerns about what would happen to the market and home values.  Our single family home listings were down by over 50%. Pending sales were down 26.8% over April of 2019 and closed sales were down over 55% over previous year.  Prices however were still increasing.  Our inventory of homes to sell to buyers who were still looking dropped to 1.8 months.  More information on April here: https://movemetomontana.com/2020/04/14/bozeman-and-belgrade-real-estate-trends

 

And then May…Bozeman real estate market rebounds from Covid closures

With Montana starting phase around April 26, the switch flipped and as a result we have a very different picture reflected in our May numbers.  Our listings are still not what they were last year. But they have significantly increased and as reflected in the pending numbers, they were then put under contract pretty quickly.  Closed sales naturally are still running behind last year as that comes from the pended sales from March and April.

 

Where are we headed?

I did an open house over the weekend.  It was very well attended with qualified buyers.  Some were new to the area and some were current residents but wanted to buy property before prices went up even further.  I was amazed at how much energy there was about the growth of Bozeman and effect on housing supply and pricing.  Bozeman is voting tonight on whether to annex an area in South Bozeman.  While not many people are happy about development in that area, we are going to desperately need more housing for all of the people who want to live here. https://www.bozemandailychronicle.com/news/city-commission-to-vote-on-annexation-zoning-for-south-bozeman-development/article_bc701bb0-b9ae-5541-bb6f-57546483cd63.html?utm_source=dlvr.it&utm_medium=facebook&fbclid=IwAR37M0klgSxFLxkGvVpDr8XIRV0PwoVv7-nEtOG8hd7H46K6rHT9wpGQ6rA

 

Please reach out to me to learn more about the market or the value of your home!

406 499 4218 or liz@windermere.com

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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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1582 New Holland Way, Bozeman, Montana 59715

1582 New Holland Way, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.16Acre
1,685Sqft
Stunning brand-new to be built, home, located in a convenient in town location. Walking distance to the Gallatin Regional Park, Dinosaur Playground, Dog Park and ponds. Homes feature shaker cabinets, quartz counters, luxury vinyl plank flooring. 8 foot doors throughout! A generous Master suite with huge walk-in shower, dual vanities and spacious closet. Good size living, dining, kitchen areas.
$487,500

1560 New Holland Drive, Bozeman, Montana 59715

1560 New Holland Drive, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.12Acre
2,015Sqft
Stunning brand-new home to be built, located in a convenient in town location. Walking distance to the Gallatin regional park and Dinosaur playground. Home will feature shaker cabinets, quartz counters, luxury vinyl plank flooring. Main level has a 1/2 bath, living, dining, kitchen. Stainless appliances, enormous garage.
$525,951

402 Meriwether Avenue, Bozeman, Montana 59715

402 Meriwether Avenue, Bozeman, Montana 59715

3Bedroom(s)
3Bathroom(s)
0.13Acre
1,864Sqft
This townhome is in the heart of Bozeman is estimated to begin construction in November 2020. Units will include modern finishes such as LVP flooring, stainless appliances, granite counter tops, decks for entertaining, and a full landscape package. Interior units are 1,588 sq. ft. with 2-bedroom, 2-baths with single attached garages. Exterior units are 1,864 sq.
$435,000

432 Meriwether Avenue, Bozeman, Montana 59715

432 Meriwether Avenue, Bozeman, Montana 59715

3Bedroom(s)
3Bathroom(s)
0.10Acre
1,864Sqft
This townhome is in the heart of Bozeman is estimated to begin construction in November 2020. Units will include modern finishes such as LVP flooring, stainless appliances, granite counter tops, decks for entertaining, and a full landscape package. Interior units are 1,588 sq. ft. with 2-bedroom, 2-1/2 baths with single attached garages. Exterior units are 1,864 sq.
$435,000

1704 Lincoln Street C1, Bozeman, Montana 59715

1704 Lincoln Street C1, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B8, Bozeman, Montana 59715

1704 Lincoln Street B8, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B3, Bozeman, Montana 59715

1704 Lincoln Street B3, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B2, Bozeman, Montana 59715

1704 Lincoln Street B2, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B1, Bozeman, Montana 59715

1704 Lincoln Street B1, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500
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Windermere Downtown logo Bozeman Real Estate Agent Liz Nitz

Windermere Downtown Bozeman

135 E Main St.

Bozeman, MT 59715

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