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Maddison Valley

Current Market Facts

CURRENT REAL ESTATE NEWS AS OF OCTOBER 2020

Ø  LOCAL REAL ESTATE MARKET STATISTICS:   Same report as last month!  Still going strong.  No rest for the weary!   I wonder if there will be a flurry of new listings next spring, after all this year’s impulse buyers decide to go back home??  Big Sky Country Multiple Listing statistics for the Madison Valley area (including Ennis, Cameron, McAllister, Norris, Virginia City, Harrison, Pony), for the month of OCTOBER, were as follows:

 

·           HOMES: 34↓ homes listed ($125,000 to $2,500,000); 20↓ pending sales ($287,000 to $995,000); and 81 homes have sold in 2020 ($70,975 to $3,199,000), totaling $41,860 at 97.4%↑ of list prices.

·          LAND:  142↓ vacant lots listed ($34,900 to $3,995,000; with 43↑ pending sales ($37,900 to $350,000); and 151 lots have sold in 2020 ($3,500 to $569,000), totaling $15,879,754 at 93.8%↑ of list prices.  

·          RANCHES:  6 ranches listed ($599,000 to $7,995,000); 0 pending sales, and 4 ranches have sold in 2020 ($1,225,000 to $13,300,000), totaling $20,425,000, at 89.9%↑ of list price. 

·          COMMERCIAL:  9↓ listed ($139,900 to $950,000); 3↑ pending sales ($99,000 to $575,000); and 3 commercial properties have sold in 2020 ($100,000 - $375,000), totaling $580,000, at 90.9% of list price.  There are several commercial properties available for rent. 

 

 The best investment on Earth is earth.” Louis J. Glickman, real estate mogul/philanthropist

Toni Bowen on Zillow

My Madison Real Estate Listings

 

Local: (406)682-4290       Fax: (406)682-4062       219 E. Main St       PO Box 546       Ennis, Montana 59729
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