News from the Knoff Group

Montana Association of Realtors Statement on Property Tax Appraisals 2023

The property value appraisal notices have come as a shock to many property owners throughout our area – this below statement from the Montana Association of REALTORS® has been a very helpful piece for multiple clients in helping with understanding how the process works and what the actual ramifications are of dramatically increased tax basis …

Read this post »

Q2 2023 Y/Y Real Estate Market Analysis & Statistics

Single Family The slowdown in median sales price appreciation in Southwest Montana for Single Family homes that we have observed since late 2022 spring and that continued throughout the remainder of 2022 and start of 2023 continues to dominate the data. However, there are some very interesting data points worth highlighting. The number of homes …

Read this post »

Commission advances modified floodplain regulations | BDC

The County Commission has advanced regulations on floodplain regulations including asking developers to consider channel migration zones when developing in the floodplain. Commission advances modified floodplain regulations by Alex Miller Chronicle Staff Writer Mar 21, 2023 Updates to the Gallatin County floodplain regulations are underway after being delayed to include more regulation on development.The Gallatin …

Read this post »

Q1 2023 Y/Y Real Estate Market Analysis & Statistics

The slow down in median sales price appreciation and the decrease of sold units that we began to feel late last spring (and that continued throughout the remainder of 2022 and 2023), has finally started to show up in our data. Quarter 1 2022 was the last quarter that we experienced the intense market pressure …

Read this post »

2022 brought more growth for Bozeman’s airport | BDC

The airport continues to grow year over year – as more and more travelers come to the region for a variety of reasons. 2022 brought more growth for Bozeman’s airport by Nora Shelly | Chronicle Staff Writer Jan 15, 2023 For the first time, Bozeman’s airport saw more than 2 million passengers in 2022, marking …

Read this post »

Bozeman Yellowstone International Airport hits 2 million passengers, breaking 2021 record | BDC

The airport continues to post impressive numbers, even over a year when visitation to Yellowstone National Park was down. Bozeman Yellowstone International Airport hits 2 million passengers, breaking 2021 record By Juliana Sukut Chronicle Staff Writer Dec 9, 2022 With one more month to go, Bozeman Yellowstone International Airport has already handled over 2 million …

Read this post »

cover for 2022 market stats

2022 Y/Y Real Estate Market Analysis & Statistics

There was decent – i.e. more NORMAL (i.e. pre 2020 level) – price appreciation for 2022 year over year in most locations and for product that we track in southwestern Montana. An exception to this were areas and products that tend to harbor more entry level pricing. Our analytics point out that the core appreciation experienced …

Read this post »