The Big Sky Real Estate Market | Bozehome YTD 2017
Here is a glimpse of the current Big Sky Real Estate Market conditions. The market is constantly moving and changing at any given time. For a more detailed and personalized analysis of current market conditions please feel free to contact us for an evaluation.
RESIDENTIAL SALES DATA BIG SKY MONTANA
# of Sales 2015: 199 | # of Sales 2016: 241 +21.1%
2015 Median Price: $477,000 | 2016 Median Price: $420,000 -12%
2015 Total Volume: $154,387,321 | 2016 Total Volume: $170,917,516 +10.7%
Avg. Days on Market: 189
% Change List to Sold: -6.83%
LAND SALES BIG SKY MONTANA
# of Sales 2015: 85 | # of Sales 2016: 57 –32.9%
2015 Median Price: $285,000 | 2016 Median Price: $282,000 -1.05%
2015 Total Volume: $ 34,254,880 | 2016 Total Volume: $24,940,840 -27.2%
Avg. Days on Market: 402
Change List to Sold: -11.6%
Big Sky is located in Gallatin and Madison counties in southwestern Montana. It is forty-five miles southwest of Bozeman MT. The primary industry of the area is tourism. The community had two large ski resorts that are sited in the “Mountain” area: Big Sky Resort and Moonlight Basin, and in October 2013, these resorts merged. Both resorts are now managed by Big Sky Resort. Both are Alpine ski and golf resorts. The combined terrain of the two resorts allows them to market themselves as the “Biggest Skiing in America.” At the 2010 census, there were 2,308 people residing in Big Sky.
The Spanish Peaks Mountain Club is an exclusive ski and golf resort that has three chairlifts and thirteen ski runs connecting it to Big Sky Resort at the base of Big Sky’s Southern Comfort lift. Spanish Peaks is now also owned by Big Sky Resort, in collaboration with the Yellowstone Club. Another resort, Lone Mountain Ranch, is a Nordic ski and summer resort that professionally grooms over 75 kilometers of Nordic ski trails. The private exclusive resort, Yellowstone Club, is located to the south and adjacent to Big Sky Resort.
The “Canyon” area of Big Sky lies in the Gallatin Canyon, along the Gallatin River, a favorite for white water rafting and kayaking. The Gallatin River, named after Albert Gallatin who was the Secretary of the Treasury during the Lewis and Clark Expedition, is a Blue Ribbon trout stream that attracts fly-fishers from around the world. Fly-fishing outfitting firms can connect fly-fishers to renowned rivers, in particular the Madison River and the Yellowstone River. Several dude ranches including the 320 Guest Ranch, Elkhorn Ranch, Cinnamon Lodge and 9 Quarter Circle continue to operate in the Gallatin Canyon.
For many, the town of West Yellowstone, MT is a place to stay while traveling through Yellowstone National Park.
Article + Photography | Nolan S. Campbell