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

Gallatin Association of Realtors - Statistics

Gallatin Association of Realtors report for September 2016

GAR Connection
September 22, 2016

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

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The Gallatin area real estate market experienced growth throughout August 2016 with 245 units sold, an increase of 23 units over the previous month and an increase of 21 units, or nine percent, over August of 2015.

The average sale price in August 2016 was $358,997, a five percent increase from the August 2015 average sale price of $343,239. Total sales volume was $87,949,404 during August 2016, up fourteen percent compared to $76,885,664 in August 2015.

“With overall sales up nine percent in August 2015 and the average sales price up five percent, we see the Gallatin area real estate market continuing to thrive,” said 2016 GAR President Tyler Garrison. “Our local REALTORS® continue to support this growth by helping both buyers and sellers navigate the market successfully.”

August 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

August 2015: 224
August 2016: 245

Residential Sales – Average Sales Price

August 2015: $343,239
August 2016: $358,977

Residential Sales – Total Sales Volume

August 2015: $76,885,664
August 2016: $87,949,404

Bozeman

Units Sold: 159
Average Sale Price: $368,339
Total Sales: $58,565.879

Belgrade

Units Sold: 51
Average Sale Price: $251,993
Total Sales: $12,851,625

Greater Manhattan

Units Sold: 7
Average Sale Price: $295,571
Total Sales: $2,069,000

Greater Three Forks

Units Sold: 4
Average Sale Price: $501,475
Total Sales: $2,005,900

Big Sky

Units Sold: 24
Average Sale Price: $519,042
Total Sales: $12,457,000

Park County

Units Sold: 31
Average Sale Price: $288,119
Total Sales Volume: $8,931,675

Madison County

Units Sold: 18
Average Sale Price: $246,967
Total Sales Volume: $4,445,400

Beaverhead County

Units Sold: 10
Average Sale Price: $201,540
Total Sales Volume: $2,015,400

Jefferson County

Units Sold: 5
Average Sale Price: $76,700
Total Sales Volume: $383,500

Sweet Grass County

Units Sold: 7
Average Sale Price: $156,071
Total Sales Volume: $1,092,500