Gillians’s Blog & REsources Portal: A Source for Buyers and Sellers of Montana Real Estate

2008, and the real estate market in Park County is humming. My desk looks more like early July than January, and the gloomy national predictions for real estate sales this year don’t look as though they are going to hold true for our market.

While there are plenty of buyers around, we do have a lot of inventory, especially in terms of buildable land. A recent inquiry from a client led me to research available subdivision lots in Livingston’s city limits. According to the Multiple Listing Service, there are currently 108 subdivision lots or building lots less than 1 acre listed for sale with a price range of $49,000 to $88,919. The bulk of the properties are located in the new Discovery Vista, Ridgeview Trails, and Northern Lights subdivisions. Time on the market for these lots ranges from 27 to 439 days. This is quite a change from a couple of years ago when an in-town lot was rare to come by. Contractors of spec homes and those wanting to build custom homes now have ample selection to meet their needs.

Please do call me if you’re thinking of selling or buying — now’s the time to begin to educate yourself about the market, regardless of which one you want to do. Here’s to a great ‘08!