BOZEMAN, MT — The Gallatin Association of REALTORS® (GAR) Charitable Foundation recently presented a $10,000 donation to Thrive, a Bozeman-based non-profit that provides mentoring, education and support to over 7,000 parents, children and community members annually through its five signature programs. The donation was the largest single contribution in the history of Thrive’s CAP (Child Advancement Project) program.

GAR Charitable Foundation President Stephanie Hartman presents THRIVE with its largest Corporate Sponsorship in the program’s history. Pictured, left to right, are Tyler Garrison, GAR Charitable Foundation Board Member, Michelle Haverstick, GAR President, Lacy Browne, GAR Charitable Foundation Board Member, Stephanie Hartman, GAR Charitable Foundation President; Brittany Ellers, Thrive Business Partnerships Officer, Janet White, Thrive Board Chair, Sara Bradford, Thrive Grants Officer, Bert Brandon, Thrive Board Member, Shann Scott, Thrive Board Member, Robin Patterson, Thrive Board Member, and Vanessa Skelton, Thrive Major Gifts Officer

“REALTORS care about the community in which we live and work, and we are proud to support the valuable work Thrive does to improve the lives of children and families in our community,” said GAR President Michelle Haverstick, also a member of the foundation board.

Thrive provides Gallatin Valley families with the resources, tools and support they need to raise healthy, successful children through its signature programs aimed at everyone from teen mothers to parents of high schoolers as well as programs and activities for children from ages birth to 18. For more information, visit http://allthrive.org.

 

BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) has released its sales statistics for March and the first quarter of 2018, revealing a greater number of condo/townhouse sales and a decrease in housing inventory.

“We are seeing more interest in the available condos and townhomes in Gallatin County,” GAR CEO Steve Candler said. “Potential buyers are interested and are doing their homework when it comes to buying a home. The Gallatin Association of REALTORS® stands ready to serve both buyers and sellers in this competitive market.”

March 2018 vs. March 2017

The number of new single-family home listings in Gallatin County decreased 12.3% from 195 in March 2017 to 171 last month. The total number of units sold dropped from 130 to 113, a 13.1% decrease. The average sale price, however, increased 22.8% between 2017 and 2018, going from $351,101 to $399,000. The inventory of homes for sale dropped nearly 20%, from 438 to 351.

In the condo/townhouse market, the number of new listings dropped by 1, from 92 in March 2017 to 91 this year. The number of closed sales jumped 31.4%, increasing from 51 to 67 between 2017 and 2018. The average sales price remained steady, dropping just 1%, from $370,164 to $366,425. The inventory of available homes for sale increased just 0.5%, from 192 to 193.

First Quarter 2018 vs. First Quarter 2017

The number of new single-family listings in Gallatin County through the first quarter of 2018 decreased 1.6% compared to last year, from 436 to 429. The number of units sold also dropped slightly, from 290 to 281, a 3/1% decrease. The average sale price jumped 11.5%, going from $464,918 to $518,611. The inventory of homes for sale dropped nearly 20%, from 351 last year to 438 during this year’s first quarter.

Condos/townhouses in Gallatin County saw a decrease in new listings in the first quarter of 2018, compared to the previous year, dropping 8.1%, from 223 to 205. The number of units sold, however, increased from 138 to 149, an 8.4% jump. The average condo/townhouse sales price increased only 0.7%, rising from $357,455 to $360,015. Inventory of available units remained steady at 2.9.

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BOZEMAN, MT [MARCH 28, 2018] – REALTOR® Magazine announced its “30 Under 30” class of 2018 earlier this week, and Mikaela Durham of ERA Landmark Real Estate is among the honorees. Durham, 28, serves as chair of the Gallatin Association of REALTORS® Young Professionals Network.

“Mikaela Durham is an up-and-coming leader in our profession as well as our association, and she is more than deserving of this honor,” said Michelle Haverstick, 2018 President of the Gallatin Association of REALTORS®. “We are proud to see one of our own young professionals recognized by their peers from throughout the nation.”

“I was excited and humbled to receive this unexpected news,” said Durham. “It is a true honor to be recognized with such high-caliber young professionals from across the country. I am especially proud to be the first REALTOR® Magazine’s “30 Under 30” honoree from Montana. This state and the people that live here are a big part of why I love what I do.”

More than 300 young real estate professionals applied to become part of the 2018 class of 30 Under 30. According to the National Association of REALTORS® website, “this group illustrates the most stellar traits in customer service, community involvement, and business acumen; their positive energy is contagious and motivating. From San Francisco to Washington, D.C., these salespeople, team members, team leaders, and broker-owners are ushering in a new era for the real estate industry, unapologetically standing up for their professional passions. This year’s honorees show that authenticity is the new standard for exceptional service.”

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for February 2018, revealing increases in sales, pending sales and average sales prices for single-family homes.

Single-family sales jumped 50.8 percent in February 2018 compared to last year, going from 65 to 98. Condo/townhouse sales decreased 27.1 percent, falling from 48 to 35, while the average sale price in the condo/townhouse market increased 1.5 percent.

“We continue to see a healthy, competitive real estate market,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “The number of new listings is down, while the number of pending sales and closed sales in the single-family market are up. We expect the market to show continued strength as we move into Spring and Summer.”

Single Family Homes – Gallatin County – February 2018

The number of new single-family listings in February 2018 decreased slightly from 133 to 132 compared to February 2017, a 0.8 percent drop. The number of pending sales jumped 42.3 percent, from 97 to 138. Similarly, the number of units sold increased 50.8 percent, from 65 last February to 96 this year. The average number of days on market dropped 32.4 percent, from 102 to 69, while the month’s supply of inventory decreased 18.8 percent, 3.2. to 2.6.

Condo/Townhouse Market – Gallatin County – February 2018

The number of new listings in the Gallatin County condo/townhouse market decreased 20 percent in February 2018 compared to the same period last year, going from 65 to 52. Pending sales rose 14.3 percent, from 56 to 64, while the number of closed sales decreased 27.1 percent, from 48 to 35. The average sale price increased 1.5 percent, from $336,712 in February 2017 to $341,684 last month. The month’s supply of inventory increased slightly, from 2.7. to 2.9.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

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BOZEMAN, MT – The Gallatin Association of REALTORS® has released its residential real estate statistics for January 2018.

 
“The Gallatin area residential real estate market remains strong through the winter months,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “The inventory of single-family homes for sale is down slightly from last year, while the average number of days on market is down sharply in both the single-family and condo/townhouse markets. These numbers point to a competitive sellers’ market through early 2018.”
 
Single Family Homes
The number of new single-family listings rose from 108 in January 2017 to 120 last month, an 11.1 percent increase, while the number of closed sales dropped from 95 to 69, a 27.4 percent decrease. The average number of days on market until sale dropped sharply from 85 to 61, a 28.2 percent decrease. The inventory of homes for sale decreased 7.2 percent, from 401 in January 2017 to 372 last month, while the average sale price decreased from $485,141 to $447,170, a 7.8 percent drop. The months’ supply of inventory dropped remained virtually static, dropping slightly from 3.0 to 2.9, a 3.3 percent decrease.
 
Condo/Townhouse Market
The number of new listings in the condo/townhouse market dropped from 66 in January 2017 to 56 last month, a 15.2 percent decrease. The number of closed sales rose from 39 to 46, a 17.9 percent jump. The average sale price fell $366,366 in January 2017 to $352,562 last month, a 3.8 percent drop. The average number of days on market until sale plummeted from 197 in January 2017 to 67 last month, a 66 percent decrease, while the months’ supply of inventory rose slightly from 2.6 to 3.2, a 23.1% increase.
 
The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS (BSCMLS) are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

ADDITIONAL INFORMATION:

  • Gallatin County Monthly Indicators
  • Housing Supply Overview
  • Local Market Update
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