Flathead Lake Real Estate Sales
June is the official one year mark of the pandemic-driven real estate surge in the Flathead. Impressive sales numbers are still being posted as demand for waterfront properties persists into the new year. May produced seven waterfront sales, including one significant sale at $10M.
The expectation for the balance of 2021 is that transactions will be fewer due to limited inventory, with continued price support from continuing demand.
May Sales:
Pricing and Sales Summary:
Significant Sale
Stone Creek Camp
718 Feet of Flathead Lake Frontage
17 Acres
15,034 Total Sq Ft
List Price: $17,500,000
Located on Flathead Lake’s east shore and as featured in Architectural Digest, Stone Creek Camp seamlessly melds elite craftsmanship with a dynamic 17+/- acre forested, lake and creek side setting into a ultra-luxury retreat.
This unique offering encompasses over 15,000 square feet in six structures: The Lake House with 5 en suites, the Tree House by the creek with 3 en suites, and the Lake Cabin circle the entertainment epicenter, The Lodge. The architecture by Andersson-Wise and Nick Fullerton boast movable walls and windows to capture the day as you see fit.
The camp features 718 feet of pebbled beach and a three boat dock system along with the 1940 original refurbished Day Cabin by the lake, kitchen house and gate house complete the ambiance.
Active Waterfront Listings
Residential waterfront listings for this month are down significantly compared to the inventory at this time last year (37 vs 94). The number of land listings has dropped to 13 from 29. Total listings on the lake historically peak in August and bottom out between January and March. The residential inventory on the lake has dropped to record low territory. The combination of record sales over the past 18 months along with lack of motivation for sellers to give up their Montana real estate continues to put downward pressure on inventory.
Median prices for residential listings returned to an expected range of $2.5M, while land prices also returned to their normalized range of $1.5M. With such limited inventory of both residential and land listings, median price trends have become erratic with higher priced listings coming on and off the market.
Flathead Lake Condominium Market
With over a dozen waterfront condominium communities around Flathead Lake, there has historically been plenty of options for buyers who want the waterfront lifestyle without having to worry about maintaining a lake home. Below is a list of all of the current condo listings for the various communities around the lake, along with a report of total sold units and average prices for the first five months of 2021.
