As the Flathead Valley continues to experience extreme heat, it appears the local real estate market will stay in lock step. Just like the weather, it doesn’t look like there’s signs of cooling. While we don’t have equipment to forecast the future, we do have the the Q2 2021 residential market stats for Whitefish and Flathead County.
The Biggest Takeaways
- New inventory in Whitefish increased 62% versus Q1 and 29% versus the same quarter last year. In Flathead County, new inventory increased 67% versus Q1 and 8% versus the same quarter last year.
- With the influx of new inventory, as well as the slowing of pandemic “panic buying,” bidding wars are beginning to cool. Don’t confuse that with “lowball” offers, however, as listings collected at or above asking price; Whitefish’s percentage of list price was 101% while Flathead County saw 102%.
- With the increase in new inventory, we also saw a slight increase in months supply: Whitefish rose from 0.9 in Q1 to 1.2 in Q2, whereas Flathead County saw an increase from 0.9 in Q1 to 1.3 in Q2. June 2021 alone saw 1.4 months and 1.5 months for Whitefish and Flathead County, respectively.
- This past year, we’ve seen an increase in the purchase of investment properties, both residential and land. For those still looking, we recently brought to market the Eagle Lake Condos, a new, short-term (nightly/weekly) rental zoned high-end condominium development in Whitefish, set to break ground later this month. All units are available for reservation, with pricing released for units in 309 Akers Lane, 311 Akers Lane and 313 Akers Lane, Whitefish, Montana. For more information, floor plans and pricing, visit the website www.eaglelakewhitefish.com or contact us for more details.
Now, time for the Q2 2021 numbers…
Flathead County Residential
Are you curious about how any of this might impact you, as a Buyer or Seller? Contact us – we’d love to talk shop over a drink or espresso at our office.