The following summarizes the real estate listings for the Bozeman Area* at January 1, 2011.
Listings totaled $343.8** million at the beginning of the year, of which 88% are single family residential. Homes defined as luxury, $750K and above comprised a total of $174.0 million in listings in the ultra-luxury category defined as homes priced over $1.5 million comprised $121 million in total listings (or roughly one third of the total dollar listing volume).
Condos and Townhomes comprise only 12% of the listing volume at year end and none are priced above $1.5 million.
The following shows the breakdown of residential real estate listings in the Bozeman area at January 1, 2011 in dollar millions.
| |
|
|
Single
|
Single
Family
|
All
|
All Listings
|
| |
Condo
|
Townhome
|
Family
|
%
|
Listings
|
%
|
|
0 to $300K
|
$31.63
|
$9.6
|
$45.0
|
15%
|
$72.4
|
21%
|
|
$300K to $500K
|
$22.16
|
$5.9
|
$39.0
|
13%
|
$47.6
|
14%
|
|
$500k to $750K
|
$5.55
|
$3.0
|
$46.1
|
15%
|
$49.2
|
14%
|
|
$750K to $1.0MM
|
$2.37
|
$0.7
|
$26.5
|
9%
|
$26.5
|
8%
|
|
$1.0MM to $1.5MM
|
$1.55
|
|
$25.5
|
8%
|
$27.0
|
8%
|
|
$1.5MM to $2.0MM
|
|
|
$27.8
|
9%
|
$27.8
|
8%
|
|
$2MM to $3MM
|
|
|
$40.4
|
13%
|
$40.4
|
12%
|
|
$3MM to $5MM
|
|
|
$25.5
|
8%
|
$25.5
|
7%
|
|
Over $5MM
|
|
|
$27.4
|
9%
|
$27.4
|
8%
|
|
Total
|
$31.63
|
$9.6
|
$303.1
|
100%
|
$343.8
|
100%
|
Of the listings under the $300K threshold, almost half were condos and townhomes. The sub-$300K category comprised over half of all listings in the Bozeman area but only one fifth of the dollar volume of listed real estate due to the comparatively low average list price.
The $300K to $750K range make up about 39% of the number of listings and 28% of the dollar volume.
Luxury homes in priced in the range of $750K to $1.5 million totaled 50 or 8% of the total listing count but 16% of the dollar listing volume.
|
`
|
|
|
Single
|
|
All
|
|
| |
Condo
|
Townhome
|
Family
|
%
|
Listings
|
%
|
|
0 to $300K
|
129
|
32
|
187
|
41%
|
347
|
54%
|
|
$300K to $500K
|
14
|
7
|
101
|
22%
|
122
|
19%
|
|
$500k to $750K
|
4
|
1
|
76
|
17%
|
81
|
13%
|
|
$750K to $1.0MM
|
1
|
|
30
|
7%
|
30
|
5%
|
|
$1.0MM to $1.5MM
|
|
|
20
|
4%
|
20
|
3%
|
|
$1.5MM to $2.0MM
|
|
|
16
|
4%
|
17
|
3%
|
|
$2MM to $3MM
|
|
|
15
|
3%
|
15
|
2%
|
|
$3MM to $5MM
|
|
|
7
|
2%
|
7
|
1%
|
|
Over $5MM
|
|
|
4
|
1%
|
4
|
1%
|
|
Total
|
148
|
40
|
456
|
100%
|
643
|
100%
|
There are 32 luxury properties priced in the $1.5 to $3.0 million price range (5% of the listing count) and they comprised 20% of the listing dollar volume.
There are 11 homes priced in excess of $3.0 million at the beginning of the year and they comprised 15% of the dollar listing volume.
*Bozeman Area including surrounding area such as Bridger Canyon, Trail Creek, Gallatin Gateway, Four Corners, North and Northwest of city.
**Source for all information is Gallatin Association of Realtors MLS