Skip to main content

Bozeman Montana Real Estate Market Showing Positive Signs

Bozeman homes for sale are fast becoming a prized possession for owners and a great attraction for buyers willing to invest in a cornerstone piece of the US real estate. These are surely positive signs for Bozeman real estate.

Bozeman real estate is one of the most sought-after areas for investors looking for lucrative property investment opportunities in Montana. Over 56 Bozeman condo units have been sold in the last 90 days, compared to 206 condos sold last year. With the tourist season to hit in June, the city is expected to record great sales, being a prime holiday destination.

There has been a remarkable reduction in the number of distressed properties, including short sale and bank owned properties, according to reports, which put the total condo units on market at 107, with the highest priced condo being offered at $447,000 and the lowest active condo on market at $95,000.

Comparing this with last year, the lowest price condo unit was sold for $45,000 while the highest priced condo was sold for $1,200,000. This is clearly an indication that land in Bozeman is beginning to catch fire.

Home buying has become even more affordable in Bozeman now, with mortgage rates constantly riding low, thus increasing home buyer affordability. Forbes, CNNMoney, and Outside Magazine, among other popular media companies, have been constantly placing Bozeman on the list of "Top All-American Dream Towns” for several years.

According to Freddie Mac’s weekly mortgage market survey, for the past few weeks, mortgage rates have remain unchanged while 30-year fixed-rate mortgages have been reducing dramatically, reaching an all-time low, and 15-year fixed-rate mortgages have remained steady at the all-time low reached a couple of weeks ago. 

No doubt, this has been instrumental in driving home buyer affordability. Comparing previous year’s median sales price to that of 2012, it has increased from $251,000 to 283,400 this year.

The first quarter itself saw housing affordability reaching an all-time high. For a long time, cost of housing in Montana was a big drawback for investment in the Bozeman real estate. However, rising affordability along with falling inventory seem to be driving the Bozeman real estate market today. Montana has become affordable for investors looking for property investment opportunities. In fact, statewide sales in Montana have been the strongest in the first quarter.

Experts believe with at least 110 condos and 570 homes for sale, Bozeman is left with approximately six months of inventory, seeing the number of properties sold during the last month. This is indeed the best time to invest before the inventory decreases in Bozeman. Investors and buyers must take advantage of the best deals of Spring and Summer in Bozeman real estate before somebody else closes in on the deal, especially with the tourist season around the corner in June-August when she anticipates record sales and expects median prices on Bozeman homes for sale to be about $285,000.



Comments

Popular posts from this blog

Can we use the soaked water for millets? Does millet need to be soaked?

 How long should millet be soaked before cooking? Soaking the millets overnight is a safe practice. Soaking breaks down the phytic acid in millets or for that matter grains and nuts. Phytic acid hinders the absorption of minerals and nutrients in food, including calcium, iron, and zinc. How? Phytates bind to minerals and nutrients and make their absorption difficult in the gut. Your tummy finds it tough to digest millets in that case. So soaking millets and draining off that soaked water makes it easier on your tummy.  Does millet need to be soaked? Yes, without soaking, you may not be able to derive benefits from millets. How much water do you need to soak millets? You may rinse millets well before soaking in at least double the amount of water.  How long should foxtail millet be soaked? All millets should be soaked overnight or for at least 6 hours. Soaking is a safe food practice that helps remove chemical and non-chemical toxicants that are an environmental hazard even in organic f

How To Make Weight Loss Cookies With Oatmeal | Diet Biscuits | Crispy Weight Loss Cookie Recipe Easy No Oven | Airfryer

Weight loss cookie recipe is hee - sugarfree, baking powder/soda free. Who says you cannot munch on cookies when on a diet? Of course, people will tell you a thousand tales to avoid calorie-laden cookies. But what if weight loss cookies are homemade with the best of ingredients available? weight loss cookies: a simple cookie recipe| airfryer cookies Okay wait! What does a weight loss regimen look like? What is the best food to eat on a diet? Which foods are best avoided for weight loss? Well, not a simple question, right? Worry not! This blog will help you find the key to living healthy following a healthy lifestyle. We live, eat, and talk healthy!! It's anywhere, anytime health on our minds. Of course, the only drawback is we do not breathe healthy, for there are so many pollutants in air these days that you cannot step out of your home without a burqa!!  Anyway let's come back to the w eight loss cookies recipe. Did I tell you this is a no baking p

How To Make Jowar Roti Without Breaking With Rolling Pin at Home [Sorghum Flour Recipes\Benefits]

Is Jowar good for weight loss? Is Jowar better than wheat? Is Jowar good in summer? Is Jowar good for thyroid? Is Jowar better than Bajra? Can Jowar be eaten everyday? Well, these are some of the most common questions people ask about sorghum flour. Well, sorghum benefits health in more ways than one. First, if you are wondering how to make jowar roti without breaking with a rolling pin at home, let's dig into it and see how to do that easily. The method I follow for making soft, fluffy jowar rotis came up in my mind after my successful trial of ragi jowar chocos at home. I was making sorghum flour chapati earlier as well. Back then, I would struggle to gather the dough and it would often break. But this method has been a revelation of its own. I am happy to share it with you all.  Jowar is heat or cold  Jowar or sorghum has a cold potency so that means you can enjoy it during summers as a coolant. I won't mind enjoying jowar or sorghum flour recipes during winters too because