Big Sky Real Estate Prices Remain Flat in December 2021
All property types combined, real estate in Big Sky costs $1,552,250.
Chart 1: Average residential real estate sales prices (homes, condos, townhouses only) continue climbing in Q4 2021. Last year, residential prices had begun flattening in December after a tremendous rise.
December 2021: the price for all types of real estate (residential + land) has increased ⇑ $156,850 in 2021.
The December 2021 residential sales price (homes, condos, townhouses only) of $1,585,050 is ⇑ $113,550 or ⇑ 8% above the December 2020 price of $1,471,500.
Residential prices rose throughout 2020, hitting $1,596,750 in December 2020, for an increase of ⇑ $411,450 or ⇑ 42% in one year.
Condo and townhouse average sales prices have risen ⇑ $215,700 or ⇑ 22%, for the one-year period, December 2020 to December 2021.
Average sales price for land has been climbing since July, rising ⇑ $535,100 from $1,038,850 to $1,473,959.
The Big Sky real estate report holds more data and charts.
Chart 2: August 2020 had a single month record high of 103 closed sales (all types), which was more than double the closings Big Sky had ever seen in one month (49).
Since then, it’s been all downhill. May was this year’s highest closed sales month with 58 properties sold.
December 2021 finds 29 pending sales for all Big Sky real estate; this is 38 pendings below July 2020’s 67 pendings.
Presently, in December 2021 there have been 42 closed sales.
Big Sky, MT Real Estate Factoid:
Late winter and mid-Summer are often the highest periods for pending sales.
Perhaps these periods top the “pending sales” charts because March hosts spring break, which brings a great number of skiers and snowboarders.
And, August tends to be the top summer tourist month, a time for golf, fishing, hiking, biking, and more.
