Lakeside Property

Actual Property Market Tendencies

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What number of sq. toes, for my greenback, by metropolis

© Copyright 2019 by Richard Garrett Dews. All rights reserved.

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Three months in the past, we appeared on the median quantity of sq. footage of properties offered in the course of the prior 12 months – by metropolis and offered value vary. Now that we’re in the course of spring, let’s replace the snapshot of the prior 12 months (trying again from Could 2018 by April 2019) (see chart).

Boring shock that Whitefish single-family residences are sometimes smaller by buy value than different locales, however not at all times. You would possibly assume that Polson at all times delivers extra sq. footage for the greenback, however you’d be flawed – have a look at Lakeside within the larger ranges; even Columbia Falls and Kalispell supplied extra for the greenback in these larger ranges. In some value ranges, median sq. footage was almost twice as a lot in Polson, in comparison with Whitefish.

Stair-stepped rising sizes look constant throughout the cities, by value vary, till you hit the $350,000; then Lakeside dips beneath Whitefish for a couple of.

Richard Dews is CEO of Glacier Flathead Actual Property, a Flathead-based actual property software program and companies firm.

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