February 15th, 2022

2022 Big Sky Condos For Sale

Thunder Wolf Big Sky Condos For Sale - ©Brett Fagan 2020

Big Sky Condos For Sale – Luxury Townhomes

2022: Big Sky Luxury Condominiums and Townhouses – Golf – Ski-In-Ski-Out

Big Sky Condo Listings Under $500,000Big Sky Condo Listings $1 Million To $3 Million
Big Sky Condo Listings $500,000 To $1 MillionBig Sky Condo Listings Over $3 Million

Big Sky Realty Report – ‘Want a Big Sky Home?

February 2022 update: Big Sky’s condo-townhouse market continues up in 2022!

Big Sky Average Condo Prices By Year 2013 To 2020
Chart 1: Year-to-year Big Sky average condo (black), townhouse (red) and combined (brown) prices 2015 to 2021.

Chart 1: Q4 2021: average sales prices ⇑ continue increasing for condos and town houses.

February 2022: Big Sky condo prices continue upward, increasing ⇑ $207,000 or ⇑ $19.2% from February 2021 to the present.

February 2022: Presently, there are no townhomes for sale in Big Sky.

Looking back at the last 2 years in Big Sky:

Since February 2020, townhouse prices have increased from $924,000 to $1,732,500, up ⇑ 87.5% or an⇑ $808,500 increase in the last 24 months.

After the Coronavirus scare took hold of the country’s consciousness in March 2020, people began leaving urban areas for less populated suburban and rural regions like Big Sky, MT.

Big Sky Condo and Townhouse Closed Sales History
Chart 2: Big Sky condo (black), townhouse (red) and combined (brown) closed sales history 2015 to 2021.

By May 2020, justifiable fears of catching Covid, especially in large, regional centers, coupled with favorable spring weather motivated scores to seek less populated recreational regions like Big Sky, driving up condo and townhome prices.

From February 2020 to February 2021, average condo and townhome prices rose, moving from $764,685 to $1,087,040, a ⇑ $322,355, ⇑ 42.2% increase in just 12 months.

Chart 2: Big Sky condo and townhouse closed sales history: Closed sales began their upward trend in June 2020 and skyrocketed until flattening in July of this year and ticked down through December 2021.

In February 2022, closed sales are flattening or trending up slightly.

Closed sales have increased from 195 sales in February 2020 to 259 in February 2021, to 275 presently, ⇑ 80 sales or ⇑ 41% in closed sales in 24 months.

Closed (and pending) sales for Big Sky condos and townhomes began to fall in late summer 2021.

Today, closed sales for the two have flattened in early 2022, but are still at record levels.

The number of townhomes for sale has remained under 15/month for many years, and there are no townhouses for sale in February 2022.

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Taunya Fagan

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