News from the Knoff Group

News from Bozeman Yellowstone International Airport

Brian Sprenger with the Bozeman Yellowstone International Airport came to speak to the Gallatin Association of Realtors® on Friday, November 13th about the airport and its impact on the local economy. Keeping it simple, our airport is growing steadily at around 5% per year and Brian doesn’t anticipate it slowing down anytime soon.  It contributes …

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Quarter 3 SW Montana Real Estate Market Recap

We’re already halfway into Quarter 4 and the real estate market in Southwestern Montana continues to chug along. While new listings coming on the market are slowing from their summer peak, the listings that are coming on have continued to go pending and sales remain strong. There were some interesting shifts in our market during …

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Gas prices and their effect on first time home buyers.

I heard an interesting story on Nightly Business Report (PBS) last night that got my wheels turning a bit. According to one of their sources, the drop in gas prices puts approximately $100 into the pocket of the average first time home buyer per month. With historically low interest rates, this can equate to a …

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Rent Increases Expected to Continue through 2015

All real estate is local – that being said, the rental market in the Bozeman area and greater Gallatin including Big Sky is extremely tight right now.  Rents are rising due to demand issues.  It’s interesting to see this happening all over the nation.  Ask yourself…is it time to buy and get out of the …

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Bozeman Cost of Living | Prospera Business Network

Prospera Business Network has just released their Quarter 3 Cost of Living Index for the Bozeman area.  This is a very interesting comparison on how we stack up against other areas – including larger metropolitan communities. Bozeman’s Cost of Living at Two Percent Above the National Average, Housing 16 Percent Above Average for Third Quarter …

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Sellers’ Market in Bozeman?

Over the past couple of months, the market has continually tightened around popular price points resulting in multiple offer situations and sellers on properties priced under $300K have been backing down very little off their asking prices.   New construction continues to go up around the valley and the demand is ever increasing.  It appears we’ve …

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