As a new ski season opens in Big Sky, a lot of discussion has centered on El Nino and how it may or may not impact the ski season in Big Sky as well as Yellowstone Club, Spanish Peaks Mountain Club and Moonlight Resort. In the past southwest Montana has had less impact from El Nino than other parts of the state. So far this fall, we have had a fair number of storms packing cool temperatures and moisture.
Big Sky opened the 2015 – 2016 season over the Thanksgiving holiday to 27” of snow at the upper-mountain and 17” mid-mountain with over 500 acres of skiing. With cool temperatures predicted for early December, it looks like a good season has begun!
In looking at the real estate market at the resort, there are currently 218 residential properties on the market, with an average listed price of $1,571,335 and an inventory totaling $342,551,144 ensuring a good selection of properties. Average Days on Market (DOM) is 266.
So far in 2015, there have been 180 closed residential sales, with an average closed price of $778,646, average DOM of 182 and a closed volume of $140,156,440.
Currently there are 47 pending transactions with an average of 232 DOM and a listed volume totaling $42,181,300.
This compares to 2014 with 255 residential sales, an average 200 DOM, a volume totaling $218,186,013 and an average sales price of $855,631.
In 2013 there were 247 residential sales, an average 247 DOM, a volume totaling $133,195,127 and an average sales price of $534,920.
I look forward to seeing you in Big Sky this winter!