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August 2023
I am thrilled to announce my new affiliation with Aspen Grove Realty in the Bitterroot Valley. We are a small boutique real estate team dedicated to providing exceptional service to our clients. All of our agents moved here from other states and we have put together a road map for relocating people which will educate them, save them money, and minimize stress. Aspen Grove Realty also has strong local connections and we are blessed to work with many native-born Montanans! Aspen Grove Realty agents are all involved in the community through volunteer efforts, business endeavors, and a genuine desire to give back to our fellow citizens who make the Bitterroot Valley such a wonderful place to live. We recognize that it's imperative that we remain learning based to better counsel our clients on the sale or purchase of properties here in Western Montana. Water rights, septic systems, wells, easements, and covenants, are some of the items we stay current on through continual training and research. Cheers to new beginnings and the opportunity to guide more people through the real estate process while serving as a caring consultant, top-notch negotiator, and adept overseer of all the details of a real estate transaction. Discover more about my new brokerage and my fellow agents by visiting the Aspen Grove Realty website.
In this issue: Taste of the Bitterroot Tour Key Housing Market Trends Market Report Featured Property Search for Real Estate Community Spotlight
Taste of the Bitterroot Tour
Taste of the Bitterroot Tour will kick off with a cocktail & appetizer reception at 3:30 pm. Buses will depart around 4 pm to tour four Tour Homes. Your ticket also allows you to come back during the Tour of Homes weekend to tour all of the spectacular homes in the tour. Tickets include drinks & appetizers at each of the Tour Homes, as well as alcoholic, non-alcoholic beverages while on the tour. Tickets are $50 per person.
Bitterroot Valley Market Report
Homes in the Bitterroot Valley that sold in July of 2023 boasted a median 1,827 square footage, which was less square footage than in previous months. More importantly the median home price in July was $554,950. Apparently, buyers are choosing homes at lower price points. In contrast, the current median asking price of $791,950 seems to be a real disconnect in our marketplace as buyers struggle to afford higher priced homes under current historically high interest rates. There are currently 250 homes for sale in the Bitterroot Valley, ranging in price from a low of $32,000 to a high asking price of $11,995,000. There are currently 193 parcels of land for sale in Ravalli County, ranging in price from $49,900 to $5,700,000. During July of 2023, 54 homes sold ranging in a sold price of $94,000 to a high price of $6,200,000. The median sales price was $554,950. The median days on market (DOM) was 54 days. Fourteen of the purchasers received closing cost assistance from sellers who received on median 98.25% of their asking prices. The median square footage of a home was 1,827 square feet and the median sold square footage was $329.07 per sq ft. The breakdown of the locations where the 54 homes were sold are as follows: 15 properties in Hamilton; 12 properties in Stevensville; 9 properties in Corvallis; 7 properties in Victor; 6 properties in Florence; 2 properties each in Darby and Conner; and 1 property in Sula. During July of 2023, a total of 12 land sales closed in Ravalli County. The lowest priced land listing sold for $120,000 and the highest priced parcel sold for $4,950,000. The median sales price of land was $333,750. The median acreage sold was 8.78 acres and the sellers of their land received a median 98.75 percent of their asking price. Parcels were sold in four communities: 5 parcels in Corvallis; 3 parcels in Stevensville and 2 parcels each in Florence and Hamilton. The average days on market (DOM) was 75 days. * Sales information is sourced from the Montana Regional Multiple Listing Service and is deemed reliable, but is not guaranteed.
Featured Property
Nestled at the end-of-the-road on 20 acres, this 3-bed, 2-bath home built in 2020 offers a harmonious blend of higher-end finishes and rustic allure. No covenants or HOAs. Imagine spending evenings on the porch, watching vibrant sunsets paint the sky, or stargazing under the vast expanse above.
The proximity to larger parcels and ranches adds an extra element of tranquility. The open concept floor plan seamlessly connects the living, dining, and kitchen areas, creating an ideal space for entertaining and spending quality time with friends and loved ones. The tastefully designed interior boasts beautiful hardwood and slate floors, leathered granite counters, knotty alder trim and doors, all exuding elegance and durability. Enjoy radiant warmth from the freestanding wood stove during the winter, and A/C during the summer. Room to roam and add a shop, barn, or whatever else you see fit.
Listing provided by Real Estate Broker Heather Lupton of Aspen Grove Realty
For more details and photos, click here.
Search For Your Future Home or Land From My Property Website When researching available properties and locations in the Bitterroot Valley, you should use an online portal that is updated constantly and is easy to use. My property search website includes all the listings in Western Montana - no more need to view properties on Zillow, Realtor.com or any other online source. You can set up your own personalized search criteria, save your favorite listings, and create a listing alert function that will notify you immediately when a new property comes on the market that matches your personalized wants, needs and budget. If you want additional details about the property, just reach out to me and I can provide all the information you want. Click here for a reliable, easy-to-use way to find your special Bitterroot Valley property.
Community Spotlight
Copyright © 2019, Tracy Walczak, All rights reserved. "Find Us on Facebook" logo with the link to my Facebook Business Page Call me at (406) 360-4662 Email me at Tracy@AspenGroveRealtyMT.com Click here to visit my website Click here to search for properties Click here to find out what you home is worth Tracy Walczak, Real Estate Agent, Aspen Grove Realty P.O. Box 1832 Hamilton MT 59840
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