Big Sky Real Estate For Sale Below – ‘Want Homes or Condos? – Prices Remain Flat in May 2021
Luxury Homes, Ski-In-Ski-Out Cabins, Golf and Ski Condos, Ranches, Log Homes, Land and Lots, Horse, Commercial Real Estate in Big Sky, Montana.
Chart 1: In May 2021, the price for Big Sky real estate has flattened at January’s $1,100,000.
The January 2021 sales prices of $1,100,000 is ⇑ $405,500 above the January 2020 price–$694,500–for Big Sky real estate!
Prices for real estate (homes, condos, townhouse, land) in Big Sky continued rising in 2020, hitting $1,096,550 in December 2020, an increase of ⇑ 58% or ⇑ $402,050 in just one year!
Median sales prices continue to be flat in Q2 2021.
Condo and townhouse median sales prices have risen ⇑ 53%, ⇑ $261,000, from January 2020’s $489,000 to January 2021’s $750,000.
In May 2021, townhouse and condo prices have flattened as well.
Median sales price for land has been flat, in the low $400,000’s, since before 2015.
The Big Sky real estate report holds more data and charts
Chart 2: August 2020 had a record high of 75 pending Big Sky properties. By November, pending sales had dropped to 40 properties.
May 2021 finds 72 pending sales for all Big Sky real estate; this is far above May 2020’s 18 pending properties.
Until 2020, there were never more than 50 pending properties in any month stretching back before 2014.
March and August are often the high pending sales months.
Perhaps these two months top the “pending sales” charts because March hosts spring break, which brings a great number of skiers and snowboarders.
August tends to be the top summer tourist month, a time for golf, fishing, hiking, biking, and more.