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Market Conditions in Kalispell : Real Estate Advice

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  • Local Info6
  • Home Buying8
  • Home Selling2
  • Market Conditions6

Activity 6
Tue Jan 29, 2013
Donna Johnson answered:
CMA is best to determine value and prices are lower than they have been for some time. We are seeing an upswing in the market although land sales are still lagging. The great news is that interest rates are low and competition is less because many who have had expired property listings are waiting to see. ... more
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Tue Jun 26, 2012
Ron Thomas answered:
I presume that you are referring to the LISTING PRICE of the home:

Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.

Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
... more
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Tue Jun 26, 2012
Donna Johnson answered:
Location, property size, age and condition play an important factor in rents as well as property management (agency or owner). I see a variance from 850-1200 on the average.
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Tue Nov 23, 2010
Donna Johnson answered:
I agree with Mathew, that there is a substantial shift in Market. Most appraisers give greater value to square footage on the main level of a home. Decks, landscaping, paint etc. do not generally increase the appraised value of the home. It does increase the appeal to a buyer and, therefore, are more likely to get a buyer to readily pay for full market value of your home. ... more
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Tue Nov 23, 2010
Donna Johnson answered:
Call a title agent. They have access to that information and compile a list for you. Some charge a fee per list & some do not.
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Mon Nov 22, 2010
Donna Johnson answered:
The Flathead Valley has experienced changes in home market by the general economy. We have had layoffs, cutbacks, and some closings of significant employers. Yet the Flathead Valley is unique in that as a destination point. A great portion of the Valley is owned by Public so land availability is not as great, but we do have a great number of subdivisions already with lots available. Thus, the area is predisposed to less drastic changes than other areas of the country. Our Sold Statistics show we are up nearly 22%, Pendings (under contract) slightly more than 18%., active listings (whats on the market) up 3%, while our New listings are 2.3% compared to last year. Our Absorbation rate (how fast we sell what is in our inventory) is still down slightly more than -24%, our average list price is down only -5.13%. Our Average list price is up nearly 27% however our days on market are also up nearly 24%. The median home sale price is $210,000. Indeed, Flathead Valley is a great place to live if you have the job that supports your lifestyle. ... more
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Market Conditions in Kalispell Zip Codes

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