Uncategorized
Momentum building in ranch real estate
Published
12 years agoon
By Emily Stifler Explorebigsky.com Managing Editor
BOZEMAN – The market is up for high-end ranch real estate in the West, according to Bozeman-based Fay Ranches.
Greg Fay, the agency’s founder, said the consensus among his agents is that they’re showing a lot of ground this winter in Colorado, Wyoming, Montana, Idaho and Oregon.
“Usually people start looking at ranches in April and May, but we’ve got people looking at them now,” Fay said.
Some of that hustle has been due to the unseasonably nice weather, he said, but mostly it’s that more people seem to be trickling back into the market.
“There’s just momentum that was built up in 2011.”
2011 was a record year for Fay Ranches, which has been doing business in the Rocky Mountain West for more than 20 years. The company didn’t bring in top sales in terms of dollar amounts, but it closed more transactions than it ever had in any previous calendar year.
“We closed $29 million in December alone,” Fay said. “It kind of put an exclamation point on the year.”
Bill Mercer, a real estate agent with Clearwater Montana Properties in Ennis, says he’s seen something similar.
“I’ve had quite a few inquiries from people wanting to look at ranches from November up to now, more than in the last couple years,” he said.
Mercer doesn’t think buyers are spending more. Instead, they’re looking at ranches as a good place to invest. And, he says, the prices have lowered and are now more attractive.
“I think this slump is turning around a little bit,” Mercer said. “There’s people coming out saying, ‘I think I’m going to buy something.’”
The Big Timber-based broker Sonny Todd agrees, too. Todd’s agency works exclusively in Montana and Wyoming ranch properties.
“We’ve sure had more activity since the first of year,” Todd said. “We had activity before the end of the year, but nobody was signing anything. [Now] it looks like we’re going to get a couple of good sized buy sells here in the next couple weeks. I would say the activity has definitely picked up.”
As the market gains traction, Fay said he’s seeing an adjustment in values and a transition reflecting a realization that real estate values aren’t what they were.
“When you have an intersection of landowners pricing their product appropriately, and buyers starting to recognize it as a value, … that’s the beginning of a turnaround in the marketplace,” Fay said.
Megan Paulson is the Co-Founder and Chief Operating Officer of Outlaw Partners.
Upcoming Events
april, 2024
Event Type :
All
All
Arts
Education
Music
Other
Sports
Event Details
Children turning 5 on or before 9/10/2024:
more
Event Details
Children turning 5 on or before
9/10/2024: Kindergarten
enrollment for the 2024-2025 school year can be completed by following the
registration process now.
Children
born on or after September 11, 2019: 4K enrollment is now open for
families that have a 4-year-old they would like to enroll in our program for
the 2023-2024 school year. Please complete the 4K Interest Form to
express your interest. Completing this form does not guarantee enrollment into
the 4K program. Enrollment is capped at twenty 4-year-olds currently
residing within Big Sky School District boundary full time and will be
determined by birth date in calendar order of those born on or after September
11, 2018. Interest form closes on May 30th.
Enrollment now is critical for fall preparations. Thank you!
Time
February 26 (Monday) - April 21 (Sunday)
Event Details
Saturday, March 23rd 6:00-8:00pm We will combine the heart-opening powers of cacao with the transcendental powers of breathwork and sound. Together, these practices will give us the opportunity for a deep
more
Event Details
Saturday, March 23rd 6:00-8:00pm
Time
March 23 (Saturday) 6:00 pm - April 23 (Tuesday) 8:00 pm
Location
Santosha Wellness Center
169 Snowy Mountain Circle
Event Details
We all are familiar with using a limited palette, but do you use one? Do you know how to use a
more
Event Details
We all are familiar with using a limited palette, but do you use one? Do you know how to use a limited palette to create different color combinations? Are you tired of carrying around 15-20 different tubes when you paint plein air? Have you ever wanted to create a certain “mood” in a painting but failed? Do you create a lot of mud? Do you struggle to achieve color harmony? All these problems are addressed in John’s workbook in clear and concise language!
Based on the bestselling “Limited Palatte, Unlimited Color” workbook written by John Pototschnik, the workshop is run by Maggie Shane and Annie McCoy, accomplished landscape (acrylic) and plein air (oil) artists,exhibitors at the Big Sky Artists’ Studio & Gallery and members of the Big Sky Artists Collective.
Each student will receive a copy of “Limited Palette, Unlimited Color” to keep and take home to continue your limited palette journey. We will show you how to use the color wheel and mix your own clean mixtures to successfully create a mood for your paintings.
Each day, we will create a different limited palette color chart and paint a version of a simple landscape using John’s directives. You will then be able to go home and paint more schemes using the book for guidance.
Workshop is open to painters (oil or acrylic) of any level although students must have some basic knowledge of the medium he or she uses. Students will be provided the book ($92 value), color wheel, value scale and canvas papers to complete the daily exercises.
Sundays, April 14, 21 and 28, 2024
Noon until 6PM.
$170.
Time
14 (Sunday) 12:00 pm - 28 (Sunday) 6:00 pm
Event Details
Come join us at Cowboy Coffee as we celebrate a fun night of drinks, games, and meeting others within the community. This event is from 6-8 and all are welcome
Event Details
Come join us at Cowboy Coffee as we celebrate a fun night of drinks, games, and meeting others within the community. This event is from 6-8 and all are welcome to come, if you don’t know who to bring come alone this is a great mixer event! This is an event hosted by Big Sky OUT as we work to provide queer safe spaces throughout the community.
Time
(Sunday) 6:00 pm - 8:00 pm
Location
Cowboy Coffee
25 Town Center Ave. Big Sky, MT 59716