Flathead Lake Real Estate - July 2024 Sales

Flathead Lake Real Estate

Despite a slower start to the year with regards to waterfront sales, the month of July yielded seven significant sales around the lake for $36M in total volume. This matched the total volume of the 11 year to date transactions logged through June.

With this significant jump in reported sales, 2024 is poised to surpass last year in total waterfront sales.

Inventory has begun to increase, including some lower priced properties that have stabilized the median prices. We expect this will result in increased sales activity as we move through the summer season.

July Sales

Pricing and Sales Summary:

Significant Sale

Golden West Lodge

Bigfork, MT

13,991 sf, 15.3 acres, 888 ft of waterfront

List price $19M

The Golden West Lodge is a classic Flathead Lake cabin estate just south of the village of Bigfork. The historic 1924 lodge has been meticulously restored with modern amenities while keeping the traditional cabin experience. Cabins have all been refinished or built to match the original live-edge siding and cedar interiors. The property includes over 15 acres and 888 ft of frontage. With 7 cabins totaling 14 bedrooms, an entertainment lodge, gym, lap pool and 2 docks with a combined 7 slips, the Golden West Lodge can scale from comfortable accommodations for two up to large family gatherings. Features include stainless Viking appliances, forced air HVAC, and central water and sewer treatment facilities. The Lodge also includes a two-acre cherry orchard and five acres of forest.

Active Waterfront Listings

Residential inventory around the lake continues to increase both seasonally and year over year. The 49 residential active listings currently on Flathead Lake represent almost a doubling of the 29 listings at this time last year. Median list prices have responded with a drop from $4M in June of 2023 to $3M today.

Waterfront land listings have held relatively flat in both units (14) and median price ($1.3M).

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 followed the single-family waterfront market to near-record low inventories and increasing prices.