Flathead Lake Real Estate Sales
While spring may be the season for new beginnings, Flathead Lake real estate sales appear to be continuing the year-long trend. Impressive sales numbers are still being posted as demand for waterfront properties persists into the new year. April produced three waterfront sales, including one significant sale over $5M.
The expectation for 2021 is that transactions will be fewer due to limited inventory, with continued price support from continuing demand.
Pricing and Sales Summary:
395 Marco Bay
645 Feet of Flathead Lake Frontage
8,186 Total Sq Ft
List Price: $6,250,000
The stunning architecture of this Marco Bay home reflects its incredible location on Flathead Lake. With 645 feet of frontage on 20.9 acres, this property balances privacy and accessibility to local amenities. Several deck and patio spaces maximize the views and lake access. The covered dock and boat slip area are perfect for launching watercraft, swimming, or fishing. Features include structural wood beams and stone fireplaces. Radiant floor heat is provided by a state-of-the-art boiler accompanied by a forced-air air conditioning system. The main home features a single attached garage space, with a detached, oversized, 3-car garage to the south. The garage structure also includes bunk rooms and a woodshop. Two single bedroom guest cabins features spectacular views and full kitchens.
Active Waterfront Listings
Residential waterfront listings for this month are down significantly compared to the inventory at this time last year (28 vs 81). The number of land listings has dropped to 9 from 25. 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 pulled back slightly to $2M, while land prices spiked to $2.5M. With such limited inventory of both residential and land listings, median price trends have become eratic.
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 quarter of 2021.