Big Sky's Market Report - 2019 Year-End

Posted on January 27, 2020 by Amy Sand
Big Sky Sotheby's International Realty provides the latest real estate statistics for Big Sky and its surrounding areas. Get the stats Market Report and stay informed.
 
Seller’s Market

We are definitely still in a seller's market! 

In Big Sky overall 2019 vs 2018 residential sales: sold volume increased 6.36%, average price per square foot was up 13.15%, average days on market decreased 22.6%. Prices moved upwards with average sold price increasing over 18.35%.
Real estate in Big Sky is moving fast, if you are curious about what's possible for you and your investment property give us a call today!

Buying a house in a seller's market

To compete against other buyers in a seller's market, you need to be prepared. First, you’ll need a mortgage pre-approval letter if you are not paying cash before you start shopping, that way a seller knows you can afford to purchase.

You may also have to waive some contingencies to edge out other buyers—or widen your search to neighborhood with less demand.

Other ways to make your offer more attractive include increasing the amount of earnest money that you'll put into the escrow deposit, writing a personal letter to the seller and, of course, offering above list price. 

We look forward to being of service in 2020 - wherever your real estate requirements take you.



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Categories: MARKET TRENDS
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