Bozeman, MT Real Estate News

By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Bozeman City Commissioners approved plans for a new market on the West side of Bozeman. The Commissioners approved a conditional use permit for a new 21,000 sq. ft commercial space that will be used primarily for food and beverage based businesses.The building will help provide more commercial diversity to Bozeman’s fast growing west end of town. The building currently will house one main business space, which will be filled by a The Market at Ferguson Farm. Currently, Commissioners hope the other tenants and businesses will fit into the farmer’s market type setting. The space would include a full-liquor license and its costs would be shared among tenants. The building hopes to attract bakers, wine and seafood vendors, retailers and restaurants. The building may also have one or two off...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Bozeman’s Airport, much like the town itself, has seen fast growth over the past few years. After continuing its population growth and seeing high tourism numbers, its no wonder Bozeman has seen increased activity at its airport.Last year, commercial passenger traffic increased 15 percent. Each month in 2015 has seen higher numbers than the previous month. Both of these facts contribute to the narrative that Bozeman is growing quickly and has become one of the most sought after locations in Montana.Bozeman has been attracting airline travelers for vacation and for permanent stay, or perhaps a little of both.Bozeman has had some of the highest wages in Montana along with a reasonable cost of living, while staying safe. Coupled with its livability and amazing access to public lands, it’s ...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Plans are moving forward with the new College of Engineering Building at Montana State University. The Norm Asbjornson Innovation Center, named after the alumni who donated the $50 million required to fund the project, will be starting construction in Summer 2016 and is scheduled to be completed by Fall of 2018. The building is designed to be the new center of campus, with the sub directly across from it and the new parking garage close by.The new building will help keep pace with MSU’s reputation as an excellent engineering school. The building will also help keep enough room for the rising enrollment in both the Engineering College and school overall.The building will be 80 to 100,000 square feet, will have 10 – 15 classrooms, 12 to 16 Engineering labs in addition to faculty offices. ...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
A new school will be coming to the greater Bozeman area, hoping to fill a niche in Bozeman by teaching young children with learning disabilities. Cottonwood Day School, as it will be called when it opens in September 2015, will help young children address their issues with speech, dyslexia, dysgraphia (for writing) and dyscalculia (for math). The school will be open for children in 1st, 2nd and 3rd grade.The school will use multi-sensory education techniques to provide many different types of learning styles to its students. Ideally, it will provide avenues for visual learners, auditory learners and hands on learners to learn in they best way they know. Cottonwood Day School wants to be another option in the Bozeman education world, giving parents alternatives for their struggling stude...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
As many local Bozeman residents have surely figured out, a new apartment complex will be coming to the MSU area, south of the football stadium, to help ease the rental vacancy issues in Bozeman. Bozeman has been attracting more and more new residents of late as it has become one of the nation's most liveable towns. Both the local public schools and MSU have seen increased enrollments--also putting strain on the rental market. The apartments will add nearly 500 renters, but whether that will make any major changes to the overall market are yet to be seen.According to the Bozeman Daily Chronicle, 3,200 additional renters have been added to the Bozeman market since 2010, assuming half of the new non-student residents are renting and not buying. If this is the case, and with 888 new apartme...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
In late April, Bozeman planners and commissioners were exploring the possibility of providing solar alternatives to its residents. Early last week, Northwestern Energy awarded the city $1,000,000 to explore the benefits, the utility and likelihood for creating some form of solar program in Bozeman.The city will team up with the Montana State University to go over potential options for a new solar program. One idea has been to allow customers to tap into a community-based solar system. For ‘opting in” to the solar program, customers will receive a credit on their utility bill without having to pay for expensive solar panels.Other states, companies and individuals have also used other models and Bozeman will need to figure out which one works best for its unique situation.Bozeman has trie...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
This month, we will compare single-family residence sales through June 5th 2015 and compare them to similar sales from 2014 in the greater Bozeman area. Here are a few stats for all Bozeman area single-family residences: Unit Sales increased by 8.96%  (365 sold through 6/5/15, 335 sold in 2014 through 6/5/14) Dollar volume increased by 21.25% ($159,073,705 through 6/5/15, $131,196,367 sold in 2014 through 6/5/14) Homes have been staying on the market 10.87% longer in 2015 (102 days on market in 2015, 92 days on market in 2014) Summary – Through early June, the housing market continues its growth. Homes have been staying on the market a little longer than in 2014, but total sales and volume both increased. The overall Gallatin County market is still very healthy.
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Bozeman has been growing and the local city streets may need some time to catch up. Bozeman’s population now sits at 39,860 people, up from 31,545 in 2003. Since 1996, Bozeman has added 12,000 new residents who now call the Gallatin Valley home. As Bozeman’s population has grown, the number of cars using its roads has also increased. Recently, the City of Bozeman has turned its focus towards fixing and maintaining streets in light of its recent growth.Since 1996, Bozeman’s planning department has issued 9,300 completed building permits. Nearly two-thirds of these permits were residential and commercial construction. When a developer breaks ground for a new subdivision, the city often requests they address their impact on the rest of Bozeman’s infrastructure through impact fees. Currentl...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Tourists and visitors looking to visit the greater Bozeman area continue to come in larger numbers. Hotels, vacation rentals and traditional bed and breakfasts have all seen marked growth in their bookings for the 2015 summer.According to the Bozeman Daily Chronicle, most rooms in Bozeman will be full every weekend through June, July and August assuming they haven’t been filled already. Some hotels are even booking into next year. Even with the new hotels moving in downtown, hotels are still seeing low vacancies.Visitation statewide is expected to be up 2 percent this year. Last year, Bozeman had 40% of the 11 million visitors who visited Montana in 2014, so local Bozemanites should notice the tourism growth.Bozeman has always attracted a large portion of out of state residents due to i...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
The Gallatin County and Run Dog Run, a local non-profit, will be creating a new off-leash dog park that organizers are calling the best dog park in Montana. The new park will be in Gallatin Regional Park and will be 23 acres in total. The first phase, which is on track to be completed by September 2015, will be 13 acres in size.According to those working on the project, the new park will be a thick slice of doggy heaven. The park will include ponds, docks for diving and playing fetch, berms, shaded areas and hills. The whole park will be fully fenced, allowing dog owners to take their dogs off leash without worry about nearby traffic etc.With dog-related improvements throughout Bozeman over the past year, the city and county have really made a true effort to turn Bozeman into doggy para...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
After receiving awards for the highest ACT scores in the state and having some of the highest AP exam scores in the nation, Bozeman High School students book ended their school year with another award.The students who run, create and design the high school student newspaper, Hawk Talk, won the Pacesetter award for best high school student newspaper in the state. In addition to the overall award, individual writers were also honored for their hard work. 8 other awards were presented to these high school journalists including 4 first place finishes in enterprise reporting, opinion, news and feature writing. Another student took 2nd place for a sports feature.Bozeman students and administrators alike have been receiving a multitude of awards and grants this year—a great reward for their ha...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Tonight, Bozeman City Commissioners will decide whether re-zoning a piece of land out in the Manley Road area for residential use is feasible and makes sense for the city moving forward. If they decide yes, the owner of the land will move forward developing the area.The 6.5 acre piece of land in question has had some zoning confusion to say the least—a very boring sounding topic that somehow can end up quite fascinating. Currently, the city has that land designated for future use as parkland. However, the County has the land designated for light industrial use (pretty mutually exclusive from parkland). The best part, neither have actually incorporated the land at all. The city would need to annex the land to develop it and moving to a residential designation would allow them to do so.Th...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
After two years of construction, the new College of Business will open on Thursday for MSU students and the public alike. The building will help open up study space for a rising student population while improving the college’s and overall University’s reputation in business and entrepreneurship.Jabs Hall, the name of the new building, cost 18.5 million to complete. It will be home for (on average) around 1,250 business majors for Fall 2015.MSU has been hard at work to expand and improve campus. Bozeman and MSU have been attracting more young students than they ever have before. In order to keep up, MSU has been hard at work on expanding and improving the campus. MSU is currently working on the new Engineering building, which it plans to be the new campus hub. Due to the new building wip...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
City leaders want to lower utility costs and make Bozeman a little greener by offering some form of solar program to its residents. The city wants to provide clean energy to all its residents-whether they rent or own a home.Currently, a new community solar model has gained traction as the front-runner for how Bozeman may address solar needs moving forward. The community solar model allows customers to tap into a community-based solar system. For ‘opting in” to the solar program, customers will receive a credit on their utility bill without having to pay for expensive solar panels. Buying and installing a full solar system into a private home can cost up to $23,500.Currently 22 other states use a similar model.With that being said, it should be noted there are a couple other viable model...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
Montana State University continues to ride the positive momentum from a growing student enrollment. With recent approval of a new College of Engineering Building at the heart of campus, parking might now be an issue for the growing school. Now, MSU has turned its sights towards a new parking garage to help address the needs of both the students and the public.MSU had considered several other options to address parking on campus, but ultimately the parking garage dealt best with the issue while offering possible growth in the future.As MSU has grown, its reputation and quality education have stayed in stride, if not improved at an even faster rate. This past year, MSU attracted its smartest group of incoming freshmen in 25 years. Assuming MSU continues on this track, there is no reason n...
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By Taunya Fagan Bozeman Real Estate, Bozeman Real Estate: Luxury Homes, Land, Ranches
(ESTATE House, Bozeman Real Estate)
New Construction Permits for the first quarter of 2015 for all types of Bozeman real estate:Single-family, residential dwellings, including condos and townhomes; duplexes, triplexes, and multi-family units; Bozeman commercial construction projects to be built on Bozeman lots and land. This Bozeman building permit report includes FYTD January to March 2015 for not only Bozeman new construction, but additions and remodels to present Bozeman properties. Taunya Fagan, Christies, PureWest Montana Real Estate, 1612 W. Main Street, Bozeman, MT 59715 - 406.579.9683        
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
The City of Bozeman will pay $60,000 for an in depth study reviewing the effects of its Historic Conservation Overlay District on the local real estate market. There will be a meeting at 6 pm on Tuesday in City Hall to discuss Bozeman’s next steps.The Historic Conservation Overlay district is in the heart of Bozeman and is designed to protect old historic structures that contribute to Bozeman’s look and culture. The district encompasses 3,000 properties in Bozeman.If any of these 3,000 properties want to adjust, renovate or change the exterior appearance of their home, city planning needs to review and approve the changes. On average, the city deals with around 300 applicants a year.The Overlay District was first enacted when 3 historic homes were demolished for a now closed Pizza Hut o...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
The Cannery building, the focal point of the Cannery District, will be set to open for business starting this fall. After jumping through hoops and dealing with discussions of a possible city annexation, the owners are now ready to move on the Cannery Building itself. The owners already have a variety of businesses set up to lease the space once the building is ready.Currently crews are working on bringing the 4-story Cannery building up to new guidelines and code and expect the building to be ready on time.The owner’s goal is to bring centrality and vibrancy to the district. As of now, the building will be welcoming a barbershop, an architect, a physical therapy group and a marketing technology firm. The owner’s hope to have a restaurant on the bottom floor and one spot is still curren...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
The US Census released new population numbers that have put Bozeman into the top ten fastest growing small towns in the United States over 2014. For those keeping score, Bozeman scored 6th on the list. Williston and Dickinson North Dakota came in at 1 and 2 because of the local oil booms they have experienced.The Gallatin County has led the state in economic growth, with Bozeman helping lead the charge for the county overall. The surrounding area's public lands have also been a major reason for the population growth. And with Bozeman's average cost of living equaling national averages and its reputation for high level schools, its easy to see why people continue to move to the area.According to Chris Mehl, Bozeman City Commissioner, the growth has occurred in part due to a very strong r...
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By Hart Real Estate Solutions, Broker/Owner
(Hart Real Estate Solutions)
The Gallatin YMCA will move forward with their plans to construct a 5.5 million dollar athletic facility just north of Gallatin Regional Park in Bozeman. According to preliminary plans, the building would be 24,000 square feet and would include weight and cardio centers, locker rooms, a community program area and administrative space.The 7-acre site was purchased by the YMCA, thanks to a large donation in 2008. However, after the recession tightened up funding, the project has been on the back burner ever since.Recently, the YMCA restarted their attempts to get the facility running. They have been requesting donations from the community and so far, have raised 2.5 million for the first phase of the project.  In summer 2014, to lighten their load, they paired with the City of Bozeman to ...
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