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By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Real Estate)
Comments 0
   March 31th 2015  “Oh what difference weather and interest rate makes, within the market place” I think I will start March’s market update with an analogy to the college basketball events that occur every year and that is “March Madness” only we do not end up with a final four. I do think “Marc...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
 I read a wonderful editorial written by the Bozeman Daily Chronicle that discusses Bozeman’s overall health and how that connects into the city’s cultural and economic growth. The writer draws some positive conclusions between the amount of public trails available in the area and the city’s over...
By Tony Wastcoat
Comments 1
Hello spring! (sort of...as we write this it is currently snowing in Bozeman). But, with blizzards aside, the Bozeman real estate market is showing signs of spring! We saw an increase in listings in March, most notably with condos, where the number of new condos listed increased 276% (yes, you re...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
This month, we will compare single-family residence sales for Quarter 1 in the Gallatin County between 2014 and 2015. The 2015 numbers reflect sales through 2/28/15. Since Quarter 1 of 2015 has not ended, I have adjusted quarterly numbers in 2015 by adding a month of projected home sales.Here are...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
The Gallatin County and southwest Montana, along with a few select regions in the state, have helped raise the average wage for the state and lower unemployment numbers.The Bozeman Daily Chronicle analyzed numbers released by the Montana Department of Labor and Industry and split the state into i...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
The Cannery building, the focal point of the Cannery District, will be set to open for business starting this fall. After jumping through hoops and dealing with discussions of a possible city annexation, the owners are now ready to move on the Cannery Building itself. The owners already have a v...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 1
  The US Census released new population numbers that have put Bozeman into the top ten fastest growing small towns in the United States over 2014. For those keeping score, Bozeman scored 6th on the list. Williston and Dickinson North Dakota came in at 1 and 2 because of the local oil booms they ...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
The Gallatin YMCA will move forward with their plans to construct a 5.5 million dollar athletic facility just north of Gallatin Regional Park in Bozeman. According to preliminary plans, the building would be 24,000 square feet and would include weight and cardio centers, locker rooms, a communit...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
  Townhouse construction has been taking a larger share of new construction start ups in the real estate world. In 2014, townhouse start ups totaled 19,000 in the fourth quarter which was 12% higher than in 2013.   Townhouse construction totals for 2014 hit 72,000, up from 68,000 last year. Buil...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
If Montana already didn’t have enough positive trends for their housing market, more good news came from Realtor Magazine in mid March. The magazine released which states had the highest percentage of borrowers with positive equity in their home—and Montana ranked 3rd, at 97 percent. The magazin...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 2
  Local Bozeman builders have tried to come up with viable solutions to the affordable housing scenario in Bozeman. Although more building permits have been issued in the last few years, many of these homes are aiming at prices above $300,000 (read some stats on 2014 single family residence home...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
  Home inventories have fallen in early 2015 as markets have struggled to find a balance between homes for sale and qualified buyers. Home inventory fell in January by 6.7% month over month and 8.7% year over year.   Although obvious on the surface, the major problem causing a lack of homes for ...
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Real Estate)
Comments 1
  Market update at glance   February 28th 2015    “Oh what difference weather and interest rate makes, within the market place”   I think I will start Februarys market update with the quote from an ad on television I remember as I was growing up from alka sizzler,” plop, plop, fizz, fizz Oh what ...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
The Bozeman School District will be adding 170 more students next year, highlighting Bozeman and the surrounding area’s continued growth. Last year, Bozeman schools had their highest enrollment ever and it looks like the record won’t make it through the calendar year. In addition to the 170 new ...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
On Tuesday, the City of Bozeman grappled with employing one of the more interesting real estate practices – eminent domain. Eminent domain is when a government body forcibly purchases private land from an individual for the overall benefit of the public. Eminent domain can be a very hot topic be...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
The Bozeman Public Library looked to expand its services by going mobile. In our modern world, going mobile usually means a new app or mobile website—but not this time. No, the library is actually going mobile by creating a vehicle to take books to local Bozeman residents. The focus of the new m...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
  The 78 year old Willson Auditorium will have some new swagger starting today. One of Bozeman’s biggest performance spaces, the auditorium had been out of commission while a 3.5 million dollar renovation that tackled everything from improved acoustics to a higher ceiling took place over the las...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
  According to the Department of Community Development’s Annual Report, Bozeman has seen a huge spike in building permits over the past two years. 639 single-family resident permits were filed in Bozeman in the last two years. That number is more than 2008 to 2011 combined. 40 duplex permits wer...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 0
A 54 million dollar bill to cover the costs of inflation for Montana public schools passed through the legislature this past week. The bill keeps the funding for Montana public schools at the same level as previous years, by adjusting for inflation. The state will increase education funds by 2.3...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 2
According to the National Association of Realtors (NAR), existing home sales fell 4.9% in January. Sales have not been so low since April of last year. The United States has added 1 million new jobs over the past 3 months, but the improvement in wages and labor has not had the impact on the hous...

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