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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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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Windermere Downtown logo Bozeman Real Estate Agent Liz Nitz

Windermere Downtown Bozeman

135 E Main St.

Bozeman, MT 59715

MLS Realtor logo Bozeman Real Estate Agent Liz Nitz
Equal Housing Opportunity Bozeman Real Estate Agent Liz Nitz
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