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Montana real estate sales for 2007 – Selling like Hotcakes!

The latest figures for 2007 indicate sales of Montana real estate are vigorous and there is no apparent downturn in the market for Montana despite the industry trends for some adjacent States. Montana's top realtors expect the market to remain brisk due to the fact that buyers from the west coast have found the current real estate prices in Montana to be irresistible.  

The only cloud on the Montana real estate market may be the lack of available property. There are sellers that have taken a wait and see attitude before electing to sell their Montana real estate because of the market is so strong. This has sometimes resulted in a problem finding Montana real estate for sale to match demands.

The Montana real estate market may have actually a experienced a slowdown due to this lack of supply. However, many Montana realtors believe with the demand as high as it is more current land owners will begin to take advantage this great opportunity. Some of the buyers are solely interested in Western Montana real estate from an investment standpoint. Real estate investors looking for top end living with Mother Nature in the back yard keep looking to Montana for that reality.

Folks getting ready to retire and looking for a second home are sizeable part of the market nowadays. These baby-boomers are looking for a second home and want to locate in a scenic and attractive place. There is also the investment side of a property purchase in Montana and as Will Rogers said, "real estate is a sound investment since they don't make it anymore", especially true for Northwest Montana real estate.

The availability of real estate properties with scenic lake and mountain views make Montana a place to start looking when these are the goals the buyer is looking for.  Another factor that sells Montana real estate quickly are the small, 5 to 40 acre, parcels of bare land.

Montana real estate properties prices have risen the last few months but compared to the price of real estate in California, Washington and Oregon, Montana real estate prices are still the best deal around and buyers recognize that. An example:  2,400 square foot residential property in the Missoula Montana Real Estate market may cost $192,000 while the same property in most California cities will cost twice that amount.

Considering Montana's conservatively priced real estate it is not surprising that sales continue to improve. The probability is that Montana real estate will continue to sell briskly and the prices will rise as long as there is a plethora of buyers.