Retreat to Montana – Record Year of Real Estate

Retreat to Montana – Record Year of Real Estate

December 7, 2020 | Hall and Hall

Professionals working in Montana‘s real estate market say sales of high-end properties have experienced growth in 2020 far beyond their expectations. The state has recorded sale and price figures that are among the highest in the nation, The Missoulian reports.

Bill McDavid of Hall and Hall in Missoula has brokered $40 million in ranch and property sales in western Montana this year.

“A few sales have spun my head around,” McDavid said. “We’ve had some unbelievable years since 2010 but this year is its own thing.”

Specialized data from the Federal Housing Finance Authority indicate Montana has experienced one of the largest increases in housing prices of any state in the country. People earning big-city wages can afford to live in western Montana now, economist Bryce Ward of the University of Montana said.