News from the Knoff Group

Q2 2020 – Real Estate Market Analysis & Statistics

View illustrated charts and graphs at https://knoffgroup.com/market-stats/ Single Family Homes Single family home sales have seen marked price appreciation between Q2 2019 to Q2 2020. The majority of this appreciation was in the pre-COVID-19 period, with a robust 2019 and early 2020 push and then a drop to end of 2019 values. However, this appreciation …

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Fleshman Creek Road

Market Update: Q2 2019 Year Over Year Breakdown

Marcie’s Market Minute Overall Market Summary As we look at Quarter 2 2019 against figures from Q2 2018, we can see that he market continues to climb in most sectors – with continued median sales price hikes in single family and condo/townhome product. Land sales remain consistent as new construction starts remain strong. The single …

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Market Update: Q1 2019 Year Over Year Breakdown

Please enjoy our quarterly Southwest Montana real estate market analysis and breakdown of statistics for Quarter 1 2019 as compared with the previous two years. Single Family Homes Single family homes are seeing continued median sales price appreciation across most areas of the market with the exception of Big Sky which had a drop as …

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Market update: Q3 2018 statistics and commentary

Overall trends – Quarter 3 2018 as compared to previous year. Single Family Higher median sales price – increases between 9-20+% Fewer properties selling for more money Days on market are up as prices climb City of Bozeman $442K!, Outside city limits $575K, Belgrade $322K, Manhattan $392K, Big Sky $1.5M Livingston $275K. Sales volume is …

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Q2 2018 Y/Y Real Estate Market Update

Knoff Group Quarter 2 2018 Year over year market update and report     Single Family Homes City of Bozeman is seeing the same reduction of inventory that is being seen in other markets – lack of quality inventory is pushing pricing higher and creating high buyer demand for well-priced properties. Median sales price has …

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Ready to go from renter to homeowner?

The age old question – rent vs buy. In our area, rents are skyrocketing – and many people can purchase and pay less than renting a similiar property – by a lot. Renting vs. buying a home: Which is best for you? By Dawn Papandrea Posted: 11/18/16 Updated: 01/13/17 Sara Woznicki, a 25-year-old Richmond, Va., …

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Six takeaways from Prospera’s annual economic report

Our area of Montana is growing at record pace. Population, cost of living and our economy are expanding as a result. Prospera has just released their annual economic report for Gallatin and Park Counties. And the data indicates that this trend will continue. The report can be viewed in its entirety at prosperaprofile.org. Six takeaways …

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