Looks like winter is here. Getting the warm coats and boots out is a chore we don’t look forward to, but once we’re bundled up, we can take cold weather in stride. And the clear air and sunshine are just beautiful. Leaves even hanging on to some trees! More snow coming, but we can handle it!
Buyers are still checking out listings. We find that sales continue, even through the holidays and winter, so if you are thinking of selling and/or buying, do just give us a call or email. Anytime!
OCTOBER QUARTERLY MARKET STATISTICS COMPARING OCT. 2013 AND OCT. 2014
Single Family Residential:
Inventories are mainly up: Area 1 (Bozeman) shows inventory up 27% from October 2013. Area 2 (surrounding area) is up 15% and Area 3 (Belgrade) is up 45% from last year. Manhattan and Big Sky inventories are down 13% and 23%.
Some sales numbers are up: Area 1, up 6% and Area 2, up 2%, Belgrade sales up 21% and Big Sky up 29%.
Sales Prices are up in most areas in the last 12 months: Bozeman median price is up 6% to $296,500, Area 2 (Surrounding area) price is up 13% to $393,000, Belgrade’s price is up 15% to $224,000 and Big Sky is up 20% to $600,000 median price.
As always, call us for more information (condos, other areas, vacant land, etc.). We’re happy to provide a Current Market Analysis for your property – of course, at no cost!
QUOTE OF THE MONTH:
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt
THE NEXT BIG HOME FEATURE BUYERS WANT!
THANKS TO: DAILY REAL ESTATE NEWS | WEDNESDAY, NOVEMBER 12, 2014
Home owners are showing a bigger appetite for smart home technology. Nearly half of consumers – 46 percent – say it’s important their current home or the next home they purchase have smart home technology, according to a survey conducted by ERA Real Estate and HGTV of nearly 2,500 consumers who recently participated in an HGTV national focus group on smart home technology.
The Smart Home Era Begins
Home owners and buyers say they see the value in smart home technology for comfort, safety, and cost savings, and 51 percent surveyed say they would consider installing smart home technology in their home to make their home more marketable to future home buyers.
“While still a growing trend, smart home enhancements have the potential to increase savings, safety, and resale value,” says Charlie Young, president and CEO of ERA Real Estate. “As we have seen through this survey and our one-on-one interactions with buyers and sellers, a smart home is one that is well positioned for the future and aligns with a growing reliance on mobile technology.”
While smart home technology has often been thought to be driven by mainly security, survey researchers did not find security as the main motivation for adding smart home technology. Instead, home owners say they’re using or wanting smart home technology mainly because of the money-saving potential, such as through automated climate control, energy management, remote home monitoring, and lighting control systems. What’s more, consumers of all generations said they’d automate their thermostats before their lighting or security systems, and one in 10 Americans say they’d automate their TV over their lighting or security systems.
OUR NEW WEBSITE UNVEILED
We are proud to introduce our newly-designed web site. It is beautiful, with many area photos and helpful information for both Buyers and Sellers. Plus a map search and other searches are ready for you to use. Please give us a call if you find properties you like and need more information. Enjoy! www.BozemanFineLiving.com
Mortgage Rates Still Near Yearly Lows
DAILY REAL ESTATE NEWS | FRIDAY, NOVEMBER 14, 2014
The 30-year fixed-rate mortgage is hovering around 4 percent. This has been keeping borrowing costs low for refinancers and home buyers for the last few weeks, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reported the following national averages for mortgage rates for the week ending Nov. 13:
30-year fixed-rate mortgages averaged 4.01 percent, with an average 0.5 point, dropping from last week’s 4.02 percent. A year ago, 30-year rates averaged 4.35 percent.
15-year fixed-rate mortgages averaged 3.2 percent, with an average 0.5 point, dropping from last week’s 3.21 percent average. Last year at this time, 15-year rates averaged 3.35 percent.
5-year hybrid adjustable-rate mortgages averaged 3.02 percent, with an average 0.5. point, rising from last week’s 2.97 percent average. A year ago, 5-year ARMs averaged 3.01 percent.
1-year ARMs averaged 2.43 percent, with an average 0.4 point, dropping from last week’s 2.45 percent average. Last year at this time, 1-year ARMs averaged 2.61 percent.
WHAT OUR CLIENTS ARE SAYING:
“Sharon is the ideal Realtor. She is confident and well informed. No pressure while guiding us through the process. She made what is sometimes an exhausting, frustrating experience, a smooth, pleasant one. She’s the best. A five-star Realtor.” Sharon and Gay Lasher
“We appreciated the promptness in setting up the papers and the walk-through. Also, the great pictures taken and the advice and suggestions on the offers. Would recommend Sharon and Brian to friends!” Carl and Annetta Wohlgenant.
CALL Sharon or Brian. We have SOLUTIONS that might work for you. We can help you through every step of the process. Hundreds of successful transactions give us the experience and knowledge to make your move as easy as possible. “Always there for YOU!”