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December 2, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Manhattan, Montana

Reported by Diane Fuhrman, REALTOR

Updated December 1, 2009.

Current Market Rating: 1



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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

Manhattan's 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 Manhattan:

• The average sales price in November, 2009 was $214,666 showing an 11.8% decrease from $239,966 in November, 2008.

• The average list price at sale in November, 2009 was $229,000 showing a 13.3% decrease from $259,466 in November, 2008.

• Homes sold at 93.7% of list price in November, 2009 as compared to 92.5% of list price in November, 2008.

• The average number of days on market for sold listings in November, 2009 was 139, down 17.3% from 163 in November, 2008.

• There are currently 28 single family homes on less than 1 acre for sale in Manhattan.

• The absorption rate (the time it would take to sell off the current inventory at the current rate of sales) is 10.1 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!


ZIP Code: 59741

Location Characteristics: The community of Manhattan, Montana is located approximately 20 miles west of Bozeman in Gallatin County. It is surrounded by wide open spaces and area farms, stunning mountain views, and lots of wildlife. Manhattan is a small community with a population of approximately 1,700. Special community events and seasonal festivals celebrate Manhattan's pride, heritage, and rural lifestyle.

Manhattan 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!


For More Information:

View Market Conditions of other areas served by Diane Fuhrman

Navigate: Top > Montana > Manhattan

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.




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