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.



Labels:

Comments

Post a Comment

Popular posts from this blog

Making Dahi Without Starter | बिना जामन के दही | How to Make Curd at Home Without Curd

Ever imagines how to make curd without curd (with almonds) बिना जामन के दही ? Well, I am sure such use of almonds as a curd starter is nowhere in your thoughts, right? Perhaps we are not used to thinking on these lines until it happens incidentally and you want to share your experiment with others. I am happy to say that I have experimented with making curd without starter and it gives me creamy and sweet curd. बिना जामन के दही | How to Make Curd at Home Without Curd A Little About my Curd Love Give me a bowl of rich, creamy curd and I do not need anything else on my dining table. Perhaps as a Punjabi, born and brought up into a Punjabi family, I have that special love and fondness for curd. My parents have inculcated in me good eating habits - home food is the best, they would day, preach and practice. This has become ingrained in my thoughts. I detest outside food, and yes, I dub it as market junk. One reason I love all homemade stuff - mommade food is the best. But w...
Post a Comment
Read more

Is Tandoori roti good for health [NO, it Isn't But I eat soft oil-free wheat tandoori chapatis daily]

Tandoori roti is delicious and quite addictive too, but is it good for your health?Is there something called tandoori roti health risk? Yes and no.  Yes, if you order it outside.  What is tandoori roti made up of? The reason these Indian flatbreads have earned a bad reputation is that they are made with maida or refined flour, which is only empty calories. Then they use dalda or hydrogenated fat to make the roti soft. remember, tandoori roti is an addiction and I am addicted to it but one made at home with wholesome ingredients.  How to make tandoori roti at home At home, making quick tandoori roti on tawa is a breeze!   so here's how I do it to avoid all the health risks associated with restaurant tandoori roti. we can easily make soft atta tandoori roti on tawa too. yes, tandoor cooking is good but maida isn't.  start by adding water to a bowl. throw in methi powder and flaxmeal. You can skip both if you want. but I suggest adding the two ingredients in y...
Post a Comment
Read more

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

Do millets contain anti-nutrients? Yes, they do. In fact, all whole grains, including oats, contain phytates, which bind to minerals and make their absorption difficult for the body.  Soaking is the first step toward reducing anti-nutrients from millets. Soak for at least 6-8 hours to make digestion easier. Discard the soaked water and then proceed to the next step of cooking. Remove foam from top to reduce gassy elements from millets. why you should not eat millets unsoaked #shortsfeed #shortsvideo #shorts  Is it necessary to soak millets? How long do you need to soak millet? Can you eat soaked millet? How long does millet take to digest? Why soak millets for constipation benefits of soaking millet how to soak millet overnight little millet soaking time should foxtail millet be soaked before cooking how long should millet be soaked foxtail millet soaking time can we use millet soaked water Unlocking Millets' Nutritional Potential Through Soaking Beyond enhancing taste and t...
1 comment
Read more