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Category: Housing Market Trends

    2022 Bozeman Real Estate Market Report

    By Erica Hart | January 24, 2023

    With the Fed’s help, we said goodbye to the frenetic bidding wars after the first quarter of 2022. This was a welcome market shift for buyers, who had to outbid and sacrifice condition issues to win a property.  The price to pay……higher interest rates and higher payments for buyers obtaining financing.  Today, the interest rate... Read More

    Bozeman Summer 2022 Market Update

    By Erica Hart | August 24, 2022

    What is happening in the market? Here is a snapshot and our take on what to expect as we finish out the year. MARKET SHIFT The market has finally shifted closer to “normal” after a crazy post pandemic 2021. In 2021, the inventory stayed well below 1 month of supply for most of the year... Read More

    Solution Series (Tip#9)

    By Hart Marketing | May 16, 2019

    In our ninth installment, we break down some of the reasons for the rapid growth here in Bozeman and give our take on whether or not we are experiencing a housing bubble and when it’s likely to burst. This is a series of solutions and tips to help guide and empower you through Real Estate. Read More

    Downtown Continues to Grow: The 5 East Project

    By Hart Marketing | May 24, 2018

    Do you remember the Black-Olive proposal that originated in 2016 and was later approved in the fall of 2017? How about the One 11 Lofts that were proposed just this year? The developer behind both of these projects, Andy Holloran, has proposed another mid-rise building for the downtown area. Called 5 East, the proposed six-story,... Read More

    On the Rise: Condos and Townhomes

    By Hart Marketing | May 23, 2018

    If you drive past any part of Bozeman, you’ll more than likely find some sort of new housing development under construction. What may be surprising for some though is how many of these new developments are actually condos and townhomes, as opposed to traditional single-family detached homes. With both mortgage rates and gas prices having... Read More

    More Housing Coming to Both Bozeman and Belgrade

    By Hart Marketing | April 6, 2018

    Bozeman Development The longtime trailer park on North Willson Avenue may soon be transformed into a series of duplexes. Santa Clarita-based company, William Homes LLC, has filed plans to replace the trailers with 16 three-story duplexes, each designed to include 3 bedrooms and an apartment above the garage for future owners to rent out if... Read More

    How Rising Home Prices & Growing Wages Relate to Desirability in Montana

    By Hart Marketing | April 2, 2018

    Montana housing market prices are high, especially in Bozeman. In 2016, the median sale price for a single-family home in Bozeman was $359,250. Fast forward one year— the median sale price in Bozeman in 2017 was $380,750 (a 5.98% increase from the previous year).     This data was pulled from the Big Sky Country... Read More

    More Affordable Housing Coming to Bozeman

    By Hart Marketing | February 28, 2018

    Bozeman is growing exponentially— this is no surprise. What might be surprising though is how quickly it is predicted to grow by 2045. Between 2000 and 2016, Gallatin County added roughly 2,200 new residents each year. From 2017 to 2045, Gallatin County is expected to gain nearly 55,000 new residents, with 50% of these residents... Read More

    Another Mid-Rise Building Proposed for Downtown Bozeman

    By Hart Marketing | February 12, 2018

    Last fall, construction on the controversial Black-Olive building was approved by Bozeman City Commissioners after more than a year of discussions, meetings, and revised design plans. Many Bozeman residents (and in particular, those who live downtown) were and still are concerned that the building will ruin Bozeman’s small-town charm, while others believe that the solution... Read More

    Why Baby Boomers and Millennials Are Competing for Housing

    By Hart Marketing | January 19, 2018

    For years, many parents put their family homes up for sale once the kids grew up and moved out— this is known as the “empty nest” story, where many parents wanted to downsize as they grew older and neared retirement. This isn’t the case anymore— many Baby Boomers (born between 1946 and 1964) haven’t been... Read More