Three Forks' real estate market is currently considered a buyer's market, so take advantage and call me today!
Some notable real estate statistics for single family homes on less than 1 acre in Three Forks:
• The average sales price in April, 2011 was $149,000 showing a significant decrease from $259,500 in May, 2011*.
• The average list price at sale in April, 2011 was $149,000 showing a significant decrease from $279,500 in May, 2011.
• Homes sold at 100% of list price in April, 2011 as compared to 93% of list price in May, 2011.
• The average number of days on market for sold listings in April, 2011 was 136 as compared to 0 in May, 2011.
• There are currently 18 single family homes on less than 1 acre for sale in Three Forks.
• The absorption rate (the time it would take to sell off the current inventory at the current rate of sales) is over 12 months, indicating a strong buyer's market!
I am happy to assist you with any questions about this real estate market or this area! Call or email me today to discuss the best way for you to take advantage of this market!
*May, 2011 is the most relevant comparable sales data for this market area.
ZIP Code: 59752 Location Characteristics: Three Forks, Montana is located about 32 miles west of Bozeman near the headwaters of the Missouri River in Gallatin County. Boasting lively legends and early-day history, Three Forks is a place you'll surely want to experience. The small community is home to about 2,000 residents and a colorful Old West charm. Several community events and festivals are held each year to celebrate the heritage and beautiful surroundings of Three Forks.
Three Forks boasts a wide variety of activities within an hour's drive, including hiking, fly fishing, biking, golfing, and horseback riding. Enjoy access to world renown winter activities at Bridger Bowl Ski Area, Big Sky Ski Resort, and Moonlight Basin, and points of interest like Yellowstone National Park and the Lewis and Clark Caverns. And when you're done, soak those aching muscles in one of the many area hot springs!
About Diane Fuhrman:
Diane Fuhrman is a native Montanan who has lived in the Gallatin Valley all of her life. She has received many awards as a real estate professional and is committed to helping families buy or sell their homes. Diane is a broker, a member of multiple listing service (MLS), an accredited buyer representative (ABR), and a graduate of the Realtor Institute (GRI).
Whether you are interested in a home, vacant land or commercial property — please give Diane a call and talk to her about Montana, Bozeman, and your relocation needs. Let Diane put her real estate experience and extensive knowledge of Bozeman and the Gallatin Valley to work for you.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
