| The fear of prolonged recession has slowly | | | | exclusivity, luxury and accessibility. The towns and |
| started to come to an end, and with it, the real | | | | cities of Montana are small and quaint, so getting |
| estate market is picking itself back up allowing | | | | out into the wilderness doesn't require more than |
| many families to take advantage of dramatically | | | | a few miles of driving in any direction. Visiting |
| lower prices by purchasing vacation homes. | | | | Montana is also a simple process thanks to its 123 |
| Mountain property is particularly appealing for | | | | different airports scattered across the state. You |
| homeowners who are looking to escape the | | | | can come and go from your vacation home as |
| lifestyle of a city or suburban area. | | | | often as you please. |
| Luxury Properties in Montana Maintain their Value | | | | Specific Considerations when Purchasing Mountain |
| Montana is among some of the most popular | | | | Property |
| locations for second home buyers to purchase a | | | | There are issues aside from finances and home |
| mountain residence, with the Big Sky and | | | | value to consider when purchasing your vacation |
| Bozeman areas leading the charge. According to | | | | home. These issues include altitude, the home |
| the statistics of real estate websites like Zillow, | | | | inspection processes, and local weather. |
| since roughly 2008, the New York East Hamptons | | | | Oftentimes, mountain homes are serviced by well |
| average home price saw a -.7% Y-o-Y (year | | | | and septic systems, a new experience for urban |
| over year) drop in value (Zillow, 2010), the | | | | buyers. In addition, mountain regions tend to be |
| Poconos saw between a -4% and a -20% Y-o-Y | | | | less stable geologically so through engineering |
| drop (Zillow, 2010) and the Stateline of Lake | | | | should be performed before purchasing that |
| Tahoe dropped a whopping 30% Y-o-Y (Zillow, | | | | future dream building site. In most mountain |
| June)! | | | | locations, air conditioning is not necessary and the |
| Meanwhile, the average home values for Big Sky | | | | dry Montana air is conducive to evaporated |
| Montana have fallen by almost 50% since the | | | | cooling for those rare hot days. Efficient heating |
| peak creating incredible value for those seeking a | | | | on the other hand is a necessity and radiant heat |
| great deal in a pristine location. Unlike most ski | | | | is preferred in most luxury homes. |
| towns, Big Sky is spread over many square miles | | | | Before heading directly up to the mountains of |
| offering genuine solitude in a stunning mountain | | | | ANY area, families should concern themselves |
| setting. Lift lines are almost non-existent and | | | | with the potential hazards of high altitude, cold |
| summer activities abound, setting Big Sky in a | | | | weather and possible remediation to the issues. |
| league of its own. While there can be no certainty | | | | Traveling from sea level to a mountain location |
| that prices will appreciate in the near term, an | | | | can take the body over a week to adjust, but |
| increase in sales activity indicates that prices may | | | | the effects can be mitigated by ample hydration |
| be firming. | | | | and rest. |
| Through this shift in the market, we're also seeing | | | | If you're at the decision point for purchasing a |
| a trend in second home owners purchasing more | | | | second home, consider the Big Sky Area Montana |
| vacation properties than investment properties. | | | | to maximize your investment. Montana is |
| The investor as a buyer has all but disappeared | | | | affordable, close-knit, easily accessible thanks to |
| from the second home market. Through the tax | | | | local airports, and attractive all year round for |
| incentives, it is possible to make a profit on a | | | | their unbelievable summer outdoor activities like |
| vacation home. According to Realtor.org the | | | | hunting and fishing as well as winter world class |
| amount of homes overall purchased for vacation | | | | skiing at some of the nation's best skiing resorts. |
| purposes has doubled since 2007 (Realtors.org, | | | | The home and land prices in Montana resorts |
| 2010). | | | | have fallen dramatically since the peak creating |
| Montana's Accessibility is Better than You Might | | | | some of the best value for money available in the |
| Think | | | | West. |
| Montana is known for being spacious and free and | | | | We invite you to see for yourself why Montana is |
| it's hard to understand the term Big Sky until you | | | | quickly becoming a premier destination for |
| have actually been there to see it. The homes in | | | | vacation properties and 2nd homes. |
| Montana's mountains are the perfect blend of | | | | |