With the first quarter of 2018 just completed, the real estate market is ramping up for spring and summer. I'd like my buyers and sellers, in the Kalispell area specifically, to know the activity and valuation trends for single family residences. Here is a deep summary snapshot chart of most-recent year activity within Kalispell:
You can see that the $/sqft averages around $140, with a few segment exceptions. This compares to the $125/sqft range of the prior year, as you can see in the respective chart below. Also, note that the average sold price more closely hugs the average listing price (in the most recent year), with a slow sold-price-to-listing-price ratio decline of about 5% towards the upper value end of the above chart. This shows a stronger and more valuable market than that of the prior year.
Please note the sales unit activity, for the same value segments, for the most recent year sales (and the prior) in the charts below. These also depict the average number of days on market until offer accepted and under contract, plus average number of days (per segment) between contract and successful closing.
If you desire details of other local markets (Whitefish, Columbia Falls, Polson, etc), or broader trends by county -- or if you want a seriously filtered analysis by specific location(s) or property sizes -- I offer research services in addition to my standard Realtor® offerings.