Intro to Bozeman

What’s Happening In Ranch Sales in Montana?

by Liz Nitz

What’s Happening In Ranch Sales in Montana?

Montana ranch sales more than doubled from 2019 to 2020. We saw a flood of wealthy buyers in search of wide open spaces to relax and play. There is a mystique to Montana thanks to movies and books and I don’t think people have been disappointed as new buyers keep coming to our beautiful state.

It’s important to keep in mind that ranch sales farm sales should be considered a whole classification. You can’t really dig deep into price per square foot because there is a huge range of criteria that affect pricing. Think water rights, structure on land, location, out buildings, etc.

Our MLS covers Butte to just outside Billings and over to the Wyoming border. Sprinkled in are a few random listings that show up because agents choose to list here. Here are the basic stats:

  • 2018: There were 28 listings sold in the farm and ranch sales category. Average days on market was 267 and there was a total sales volume of $54,074,125.
  • 2019: There were 25 listings sold in the farm and ranch category. Average days on market was 315 and there was a total sales volume of $53, 300, 418.
  • 2020: There were 63 listings sold in the farm and ranch category. Average number of days on market was 197 and there was a whopping total of $119,500,926.

 

What Trends Are Ranches Seeing?

Ranches have been transitioning from agricultural to investment and recreation.

  • Land value used to be the income you could make from farming/ranching. It’s now based largely on recreational pursuits, aesthetics, development and investment potential. The pandemic may have accelerated that trend. You can see from the 2020 sales numbers that listings and sales more than doubled. People wanted a place to escape the uncertainty of big cities. Montana’s wide open spaces and plethora of outdoor activities fit the bill for a lot of buyers.

 

Marrying economic viability with ecological sustainability is becoming front of mind.

  • Renewable energy: As more cities convert to carbon neutral over the next 20 years, ways to provide renewable energy is being heavily considered. If you have a piece of land that meets all the logistical requirements of operating a bigger solar and wind farm, it could be an income source for the future.
  • Holistic land management: This idea of operating a ranch with a wider ecosystem in mind has been gaining more traction recently. That might have to do with a younger generation taking over their family ranches. It’s not just about all the requirements of raising cattle. Holistic land management aims to create a profitable operation that is sustainable for the soil, water and native species on the land.
  • Conservation easements: These easements are used to protect land, water and endangered native species from future development. Landowners get paid or receive a tax break for the easement on their land.

 

Resources

Savory Institute is a global movement of regenerative farmers and land managers.

Polyface Farms and Joel Salatin in Virginia are famous for their regenerative farming practices.

Hall and Hall and Fay Ranches are two of Montana’s biggest ranch brokers.

Montana Land RelianceThe Nature Conservancy, The World Wildlife Fund are all conservation organizations that work with Montana land owners.

Montana has seen a lot of shifts happening. As more out-of-town buyers look into Bozeman, Missoula and Whitefish, many long-time residents are considering moves to smaller places like Lewistown and Dillon. If you have any questions about what’s happening in Bozeman and Montana real estate feel free to contact me at 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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236 Dry Fly Lane, Bozeman, Montana 59718

236 Dry Fly Lane, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
1.01Acre
3,780Sqft
Gorgeous new construction by acclaimed ST Custom Homes. This architecturally designed Contemporary home encompasses all the finest features. Main living level has natural white oak floors & stunning great room, with floor to ceiling tile-surround fireplace.
$1,095,000

14948 Pony Creek Road, Bozeman, Montana 59715

14948 Pony Creek Road, Bozeman, Montana 59715

1Bedroom(s)
1Bathroom(s)
22.32Acre
1,099Sqft
10 minutes to Bridger Bowl 35-40 minutes to Bozeman and less than an hour to Livingston via Clyde Park this 22.32 acre property would be ideal for an artist, writer or client looking to live in the mountains. Home is unique and well thought out for individual or couple. Natural light and great trails allow for skiing and mountain biking throughout the property.
$620,000

978 Auger Lane, Bozeman, Montana 59718

978 Auger Lane, Bozeman, Montana 59718

5Bedroom(s)
3Bathroom(s)
0.19Acre
3,332Sqft
Currently under construction and scheduled to be finished in September 2021. This 2-story craftsman home with breathtaking views of the Bridger Mountains is located in the highly sought-after Flander's Mill Subdvision. This 5-bedroom, 3-bathroom home has a 3-car garage using a tandem parking on one side.
$1,400,000

1956 Vaquero Parkway, Bozeman, Montana 59718

1956 Vaquero Parkway, Bozeman, Montana 59718

5Bedroom(s)
3Bathroom(s)
0.16Acre
2,894Sqft
New/under construction, this contemporary farm home in The Crossings boasts some of the most spectacular views. Backing to open space and thoughtful window placement allow for tons of light and amazing Bridger mountain views to the northeast.
$1,100,000

5418 Vahl Way, Bozeman, Montana 59718

5418 Vahl Way, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.10Acre
2,181Sqft
Welcome home to The Lakes at Valley West! This four bedroom home with a second floor bonus room provides a lot of natural light. It conveniently backs to neighborhood open space with sidewalks and is located not even a block away from "the lakes" and the desirable playground in the subdivision.
$750,000

4116 Moonstone Drive, Bozeman, Montana 59718

4116 Moonstone Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.19Acre
2,534Sqft
Beautiful home in desirable Flanders Mill features a most functional floorplan that includes a well-appointed main floor owner's suite and separate office/den that could be a fourth bedroom. The gorgeous kitchen has tons of storage and a huge island that's open to the vaulted great room. The upper level boasts generous bedrooms with Bridger views that open to yet another living area.
$869,000

3191 Fieldstone Drive W, Bozeman, Montana 59715

3191 Fieldstone Drive W, Bozeman, Montana 59715

4Bedroom(s)
3Bathroom(s)
0.19Acre
3,018Sqft
Centrally located on the south side of Bozeman and close to Morningstar and Sacajawea schools boasts a newly remodeled living room and kitchen. The kitchen is a chef's dream; Viking appliances, Bosch coffee station, new cabinetry, quartz counter tops, Tiger Wood flooring and front door, along with interior Alder doors.
$875,000

3327 Monida Street, Bozeman, Montana 59718

3327 Monida Street, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.20Acre
2,647Sqft
LOCATION, LOCATION, LOCATION! With 2600+ SF, this great, open floor plan features a main floor master, office + 3 large bedrooms upstairs. The living room is equipped with a gas fireplace and is centrally located between the kitchen, back patio, and dining area - great for entertaining.
$775,000

271 Heights, Bozeman, Montana 59718

271 Heights, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.60Acre
2,157Sqft
Like new, charming two-story home has great views of the Bridger Mountains and is across from neighborhood park with playground, gazebo and volleyball/basketball courts. The main floor of this 2150sf home offers a spacious living room featuring a cozy gas fireplace, kitchen with island, granite countertops and stainless-steel appliances plus guest bath and den/office.
$659,000
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Windermere Downtown Bozeman

135 E Main St.

Bozeman, MT 59715

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