Moonlight Market Update Fall 2016

by lincolnroberts on November 16, 2016

in Big Sky, Montana Real Estate

Moonlight Homes Big Sky Montana

Moonlight Mountain Home Market Update

Brought to you by Lincoln Roberts RE/MAX Mountain Property.

Big Sky Montana: After the success of the Silvertip cabins there continues to be a frenzy of development in the Moonlight area with Ulerys Lake Cabins and Homestead Chalets. Construction began on theses units this summer. These new ski in / out neighborhoods are located in the trees off Jack Creek Road, just west of the roundabout. These units are selling quickly with a number under contract prior to completion.

Higher up on the mountain in the Moonlight Mountain Home and Cowboy Heaven neighborhood we are seeing steady demand. There were 5 Mountain Home sale in the last 12 months with prices ranging between $540 to $630 a square foot and there are currently 5 Mountain Homes listed for sale with asking prices between $1,195,000 for a lower Happy Trails unit to $1,645,000 for a Chalet on Silver Star Way. This is a price range between $540 to $640 per square foot for the higher properties with Mountain Homes on Happy Trails drive continuing to remain in the mid $400 per square foot range.

The Cowboy Heaven Cabins are seeing a steady increase in values as well. There were 2 sales in the last 12 months and another pending sale scheduled to close the end of November. The sales prices have been increasing from about $800 per square foot in February of 2016 to nearly $870 per square foot in April. The pending cabin is listed at over $1000 per square foot and the one active listing is listed at $1062 per square foot at $829,000.

The average time on the market for sold Mountain Homes and Cowboy Heaven Cabins is 180 days and the average sale price is just 5% off of asking price.

If you would like more detailed information on the market value of your property, contact Lincoln Roberts, RE/MAX Mountain Property for a free, no obligation property valuation today!

I want your business and will work hard for you to achieve your real estate goals!

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(all data current as of 9/10/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.




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