Special offer

Billings, MT Real Estate News

By Jeff Wilson
(J L Wilson & Associates Realty)
  Homes for Sale in Ironwood Subdivision Billings MT Why Do People Live here?   Ironwood is a beautiful neighborhood of single family homes that is located on the west end of Billings MT just 15 minutes from the downtown area.  Ironwood is the premier subdivision in Billings. Nestled in the rolling hills below the rims, this is the perfect place for you to look for that high end home. Currently the biggest home in billings is being built in this subdivision.     Looking for a home in Ironwood Subdivision Billings MT? Interested in finding homes for sale in the Ironwood Subdivisionof Billings MT? Click the link to find all the currently available homes in this area of Billings. Want to know what your home in Ironwood is worth just fill out this Simple Form   What are the houses like?   T...
Comments 1
By Jeff Wilson
(J L Wilson & Associates Realty)
Homes for Sale in the Augusta Subdivision Billings MT  Why Do People Live here?  Augusta Ranch Subdivision  Enjoy the ultimate in golf course living at Billings' premier country club community, Augusta Ranch Estates. Located within steps of the Yellowstone Country Club, Augusta Ranch featuresexclusive patio and estate homes offering stunning architecture, unrivaled views and an enviable lifestyle. Imagine the feeling you'll get stepping onto your patio and being greeted by the sight of lush greens and sweeping fairways, towering rimrocks and the style of living you've always wanted. At Augusta Ranch, you will find endless opportunities for living enjoyment    Looking for a home in Augusta Ranch Subdivision Billings MT? Interested in finding homes for sale in Augusta Ranch Subdivision of...
Comments 1
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
When I review the market in Yellowstone county I always try and think of different ways to look at what happens both long term and short term. With that in mind it prompted me to ask the subject line question. And there are many ways to answer the question, your point of view may determine your answer. Let’s look at the information on Yellowstone county since 2006, since it was the peak year in sales and we have not reached that level again and most probably will not reach that level of unit sales in 2014 either.   First let just look at both the average and median sales price and see what kind of answer that provides. Looking below the average sale price shows an increase of 23.78% and a dollar increase of $45,640 as a home owner pretty impressive as a buyer maybe not so enticing. The ...
Comments 29
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
APRIL 30ST 2014 “APRIL SHOWERS, BRING MAY FLOWERS?” Now one third of the year completed no question about how much winter effected the direction of the market. First let’s look at closed transactions,  April 2014 continued with fewer homes closed, number of closed sales in Yellowstone County are 519 as compared to 519 in 2013, a 12% decline, one percentage point  less decline than  in January,  February and March, the market showing  a little strength in the underlying sales.   Single family permits: we see total single family permits for the first four months  have a decrease of 29% for year over year (2014 105 permits, 2013 148 permits),  then from August to April we have Nine months year over year monthly decrease in permits issued(probably will continue through May since 56 single f...
Comments 1
By Jeff Wilson
(J L Wilson & Associates Realty)
Homes for Sale in Cloverleaf Subdivision Billings MT Why Do People Live here? Cloverleaf is a beautiful neighborhood of single family homes that is located on the west end of Billings MT just 15 minutes from the downtown area.  This subdivision is accented with large sprawling homes built on 1-2 acre lots all fenced with white rail fencing. Elegance is what you get not only with the stately homes but also with the beautiful manicured lawns ands landscaping. This is the only upscale subdivision in Billings that features the large 1-2 acre lots Looking for a home in Cloverleaf Subdivision Billings MT? Interested in finding homes for sale in the Cloverleaf Subdivision of Billings MT? Click the link to find all the currently available homes in this area of Billings. Want to know what your h...
Comments 0
By Jeff Wilson
(J L Wilson & Associates Realty)
  Homes for Sale in Foxtail Subdivision Billings MT   Why Do People Live here?   Foxtail is a beautiful neighborhood of single family homes that is located on the west end of Billings MT just 15 minutes from the downtown area.  All the homes have been built with the last 10 years. The Foxtail subdivision Billings MT will soon be conveniently located to the new junior high school that will be built in the near future. All the homes are quality built and are designed to every taste style and age.   Looking for a home in Foxtail Subdivision Billings MT?   Interested in finding homes for sale in the Foxtail Subdivision of Billings MT? Click the link to find all the currently available homes in this area of Billings. Want to know what your home in Foxtail is worth just fill out this Simple F...
Comments 0
By Jeff Wilson
(J L Wilson & Associates Realty)
Homes for Sale in Grand Peaks Subdivision Billings MT Why Do People Live here? Grand Peaks is a brand new, multiphase development, located off 52nd Street West and Grand Avenue offers the best of both worlds – wonderful views and a country-like setting with home sites just minutes from everything you need. Current properties are available in the Silver Run and The Grasslands areas of The Grand Peaks Subdivision. Setting this development apart from other new home developments in Billings is an environmentally friendly, quality and thoughtful design of homes and neighborhoods that create a friendly, spacious community. Abundant charm, country views, an affordable price tag coupled with top-quality construction – you can have it all in Grand Peaks.  The Bungalows at Grand Peaks – Silver Ru...
Comments 0
By Jeff Wilson
(J L Wilson & Associates Realty)
Homes for Sale in Vintage Estates Subdivision Billings MT   Why do people live here? Vintage Estates is  new subdivision located on the south side of Grand Ave and 53rd Street West.  Behind the brick wall is an exclusive neighborhood ready for you to build or buy and existing home.   You are within minutes of the city, and yet you will be able to wind down in the country setting.  This is definitely a community to relax, unwind and spend time with both family and friends.   Looking for a home Vintage Estates Subdivision Billings MT? Interested in finding homes for sale in the Vintage Estates Subdivision of Billings MT? Click the link to find all the currently available homes in this area of Billings. Want to know what your home in Vintage Estates is worth just fill out this simple What ...
Comments 0
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
“WINTER OVER, DOES SPRING ARRIVE?” With the first quarter of the year completed, still questions about how much winter effected the direction of the market. First let’s look at closed transactions, March 2014 continues with fewer homes closed, number of closed sales in Yellowstone County are 313 as compared to 427 in 2013, a 13% decline, the same percentage as in January & February, even with cold and snow, the market did not fall further behind, so the question is, does this show strength in the underlying market.   Single family permits: we see total single family permits have a decrease of 34% for March year over year (2014 68 permits, 2013 103 permits),  then from August to March we have eight months year over year monthly decrease in permits issued. This is trend worth watching as ...
Comments 3
By Jeff Wilson
(J L Wilson & Associates Realty)
Homes for Sale in Trails West Subdivision Billings MT Why Do People Live here? Trails West is a beautiful neighborhood of single family homes that is located on the west end of Billings MT just 15 minutes from the downtown area.  All the homes have been built with the last few years and you will enjoy the walking path around the subdivision. The Trails West subdivision Billings MT will soon be conveniently located to the new junior high school that will be built in the near future. All the homes are quality built and are designed to every taste style and age. Looking for a home in Trails West Subdivision Billings MT? Interested in finding homes for sale in the Trails West Subdivision of Billings MT? Click the link to find all the currently available homes in this area of Billings. Want ...
Comments 0
By Jeff Wilson
(J L Wilson & Associates Realty)
  Homes for Sale in the Copper Ridge Subdivision Billings MT   Why Do People Live here?   Copper Ridge Subdivision is a beautiful neighborhood of single family homes that is located on the west end of Billings MT just 15 minutes from the downtown area. Nestled under the shadow of the sandstone cliffs of Billings you will have a view of the Yellowstone valley as well as the Pryor and Beartooth  Mountains. All the homes have been built with the last few years and you will enjoy the walking paths around the subdivision   Looking for a home in Copper Ridge Subdivision Billings MT?   Interested in finding homes for sale in Copper Ridge Subdivision of Billings MT? Click thae link to find all the currently available homes in this area of Billings. Want to know what your home in Copper Ridge is...
Comments 1
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
  I ran into an interesting article about rent versus buy the article contained a calculator comparing renting versus buying that showed, what I thought, a realistic cost comparisons. The calculator let you change the the price and rents so I ran the information for Yellowstone County.    The housing costs I used were from the MLS going back to March 1st 2013, the information from the MLS showed that average and median home sold in Yellowstone county contained four bedrooms and two baths.   The average sales price since March 1st 2013  of $239,332 and the median (half selling for more, half selling for less) was $218,000.   For the rental information I used a data base that i compile to track the rental market. it shows that the average rental asking price for a four bedroom in Yellowst...
Comments 1
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
    “WHICH TEA LEAVES HAVE MEANING?”   With two months of the year completed, still questions about which indicators best discern the direction of the market. First let’s look at closed transactions, February 2014 continues with fewer homes closed, number of closed sales in Yellowstone County are 235 as compared to 269 in 2013, a 13% decline, the same percentage as in January, even with record cold and snow, the market did not fall further behind, so the question is, does this tea leaf show strength in the underlying market.     Single family permits: we see total single family permits have a decrease of 45% for February year over year (2014 32 permits, 2013 58 permits),  then from August to February we have seven months year over year monthly decrease in permits issued. This is trend w...
Comments 1
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
Looking back through time to give perspective   New home sales in December were 28,000 thousand, in 1963 fifty years ago they were 31,000     In 1963 the population was 190,472,000 in 2013 317,479,000 an increase  of 66% new home sales decreased 22.5% in the same time period   In 1963 the Nonfarm employment was 57,360,000 in 2013 137,386,000 an increase  of 239.5% new home sales decreased 22.5% in the same time period     So the thought to ponder……………… if new home sales are lower than in 1963 with an increase employment of 239.5% who is trying to sell swamp saying that new homes sales are recovering/ recovered?        
Comments 0
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
January 31st 2014 “THE ANSWER OF THE YEAR?” We start 2014 with lots of questions about the direction of the market, with conflicting signals and yellow flashing warning lights. First let’s look at closed transactions, changed dynamics in 2013 continue in 2014 with fewer homes closed, number of sales in Yellowstone County are 112 as compared to 129 in 2013 , a 13% decline,  only one month of small data, does not a trend make. Yet In single family permits we see total single family permits have a decrease of 26% for January year over year (2014 20 permits, 2013 27 permits) , and then from August to January we have six months year over year monthly decrease in permits issued, this is one trend of the flashing yellow caution light. The residential pending unit sales are up 1% year over year...
Comments 0
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
  End of the year new home sales released today. So a great time to look back and ask the perianal question  “Has single family new construction nationally recovered?”   You would think that after eight years from the peak that would be an irrelevant question at this point, unfortunately not. Since 2005 which was the peak in the building cycle interest rate has dropped -37.12% from 6.33% average in 2005 to 3.98% average for 2013. In any “normal” economy (whatever that is now) that type of shift would have home sales explode. Yet from 2005 that peak year we see single family permits down -63%, single family starts down -62% and single family sales  down -67%, and employment in residential construction off -42% from its peak. So the thought to ponder is how could we be here  rather than a...
Comments 0
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
December 31st 2013 “End of the Year, Dichotomies” Wow another year and it went by at light speed. 2013 was a two part year, the first half a rocket ship headed for the best year Yellowstone County has ever seen, the second half, while good, had changed dynamics and we ended still 10.62% fewer homes sold than 2006 the peak year for number of sales in Yellowstone County. First I will look at the changes from year end 2012 to year end 2013, and second, I will and look at second half of 2013.  In single family permits we see total single family permits have a gain of 15% for the year, and then from August to December we had five months year over year monthly decrease (permits down 16% from December 2012. The increase in residential unit sales are up 8% year over year, as a comparison, in 20...
Comments 0
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
When thinking about the question of housing cost, the question of which is the most important to the consumer, is it the purchase price or is it the monthly payment. While I would not claim that it is absolutely one way or another, generally speaking, my experience is, that monthly cost tends to be the deciding factor in decision making process and yes the purchase price does drive the monthly cost along with interest rate , taxes and insurance.  I thought it would be of interest to look at the market in terms of price range and the most probable monthly payment in the different price segments comparing 2006 which the peak year in sales in Yellowstone county to the current year 2013. This first graph shows the moderately priced homes and estimated PITI. When you look at the overall cost...
Comments 0
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
“Looking Back”   I am going to do two things month, which will make this a long report overall. First I will look at the changes form November 2012 to November 2013, then second I will go back and look at 2006 (the peak year in residential sales) and compare to 2013 to see how we have done.  In single family permits we see the fourth  year over year monthly decrease (permits down 13% from November 2012,  total single family permits still have a gain of 17% for the year, as a comparison in march 2013 permits were up 66% year over year. The increase in residential unit sales are up 7% year over year, as a comparison in march 2013 unit sales were up 16% year over year. Both the single family new construction and single family resale are showing the decreasing of the increase of velocity in...
Comments 2
By Howard Sumner, Your Real Estate Source, Your Results Solution!!
(Howard Sumner Consulting)
  When our friends in Washington D.C. shutdown, it meant that some data was not collected. Primarily it effected starts not permit and sales, well that is not quite true, the data below is for October. Sales were not released until December which is a month later than it would normally be and both September and October were released at the same time. The question that comes to my mind is if  you were use to making $100,000 per year for the last 50 years and  had weathered the recession and now were making $68,000 a year would say you had recovered from the recession?  As a side note the consumer price index shows  since 2005, which was the peak in building nationally, cost of living has increased by 19.45% or said another way that $100,000 today only buys $80,550 worth of living and the...
Comments 1