Real Estate Statistics for July 2016 from the Gallatin Association of Realtors!

Home Sale Statistics from the Gallatin Association of Realtors (GAR) for July 2016

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GAR Connection
August 26, 2016

Gallatin Association of REALTORS® Releases Real Estate Statistics for July 2016

The Gallatin area real estate market stabilized in July after a strong second quarter. The average sale price rose while total residential sales decreased in Gallatin County in July of 2016 compared to the same period in 2015. 

A total of 222 residences were sold in the Southwest Montana Multiple Listing Service (MLS) service area during July 2016 compared to 250 in July 2015, an 11% decrease. The average sale price in July 2016 was $386,895, a seven percent increase from the July 2015 average sale price of $361,439. Total sales volume was $85,890,669 during July 2016, down five percent compared to $90,359,855 in July 2015. These numbers were current as of Aug. 17.  

"Even though the number of units sold in July dropped slightly from last year, the Gallatin area real estate market continues to show strength and consistency throughout 2016,” said 2016 GAR President Tyler Garrison. “The average sale price for residential homes is finding a range that pleases both buyers and sellers. Local REALTORS® continue to provide professional, expert service to the many new residents moving into our area."  

July 2016 statistics are as follows:  

Gallatin County Year-to-Year comparison for Residential Sales including Single Family Homes, Condominiums, Townhomes and Mobile/ Manufactured 

Residential Sales – Units

• July 2015: 250
• July 2016: 222

Residential Sales – Average Sales Price

• July 2015: $361,439
• July 2016: $386,894

Residential Sales – Total Sales Volume

• July 2015: $90,359,855
• July 2016: $85,890,669

Bozeman

• Units Sold: 159
• Average Sale Price: $397,380
• Total Sales: $63,183,549

Belgrade

• Units Sold: 36
• Average Sale Price: $259,659
• Total Sales: $9,347,745

Greater Manhattan

• Units Sold: 6
• Average Sale Price: $243,900
• Total Sales: $1,463,400

Greater Three Forks

• Units Sold: 6
• Average Sale Price: $192,800
• Total Sales: $1,156,800

Big Sky

• Units Sold: 15
• Average Sale Price: $715,945
• Total Sales: $10,739,175

Belgrade

• Units Sold: 35 
• Average Sale Price: $268,738
• Total Sales: $9,405,845

Park County

• Units Sold: 14
• Average Sale Price: $274,500
• Total Sales Volume: $4,059,750

Madison County

• Units Sold: 15
• Average Sale Price: $224,411
• Total Sales Volume: $3,366,175

Beaverhead

• Units Sold: 10
• Average Sale Price: $223,060
• Total Sales Volume: $2,223,600

Jefferson

• Units Sold: 4
• Average Sale Price: $336,500
• Total Sales Volume: $1,346,000

Sweetgrass

• Units Sold: 6
• Average Sale Price: $241,250
• Total Sales Volume: $1,447,500

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