Flathead Lake Real Estate As we enter the second week of February, there is no mistaking that we are in the heart of the winter season. The ski mountains and the valley floors have good snow cover. According to the SNOTEL Snowpack report, the index for Flathead basin is at 91%. There were two reported sales around the lake for the month of January, providing a solid start to this year's sales. Inventory appears to have stabilized, slightly above last year at this time for residential listings, but down for land listings. Limited inventory will keep transaction counts low this year and continue to buoy list prices. January Sales: |
|
Pricing and Sales Summary:
|
|
Significant Sale Shelter Bay 336ft of waterfront frontage List price $8.6M |
|
Architect's personal home on 336 ft Flathead Lake frontage in Shelter Bay just south of Lakeside. Tucked into the hillside, it was built to take advantage of the full breadth of views. A unique plan has the main home in the center with a owner's cabin suite annex to the north and a 2 bedroom suite and bunk room guest annex to the south. Settle in by the fireplace in the Great Room, play in the Game Room with your guests, enjoy a full gourmet kitchen or take iced drinks out to the expansive patio overlooking the fantastic views. Walk down to the dock and hop on the boat for the afternoon. Dock has room for 3 boats and 4 wave runners. There's a large RV storage/shop (14' door) with workspace for hobbies. The oversized garage for cars and toys offers even more room for Montana fun. The HOA common area has boat ramp, tennis/basketball court. Explore Wild Horse Island, later meander home to sit by the fire pit as the sun sets over the hills to the west. |
Active Waterfront Listings Residential inventory around the lake has largely stabilized. The 28 residential active listings currently on Flathead Lake represent a 4% increase in listings over this time last year. Median list prices have flattened out around $3.25M. Waterfront land inventory has dropped from 9 to 3 listings for the same period last year. The decrease in inventory has resulted in an increased median list price of just below $2.0M. |
|
|
Flathead Lake Condominium Market With nearly two dozen waterfront condominium communities around Flathead Lake, there has historically been plenty of options for buyers who want the waterfront lifestyle without having to worry about maintaining a lake home. Below is a summary of currently active and sold units so far this year as compared to last year's sales. The condo market has stabilized after a few years of strong growth in both sales and prices. The current active listings represent approximately 10 months of inventory. |
|
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.