Bozeman Montana Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 49

Google Express Comes to Bozeman

by Hart Real Estate Solutions

Montanan’s now have nothing to complain about winters. Well…at least nothing about running errands in cold weather. Google Express, an online shopping service, just recently launched in the Gallatin Valley.

Instead of embracing the cold and running errands around town in the winter (or any other day), you can just order what you need online and have it delivered! Convenient if you’re tired of making routine trips to stores around town in bad weather.

With Google Express, Bozemanites now have an alternative to shopping in-person. This service you to shop online from a variety of local grocery and retail stores, including Costco, Whole Foods, Walgreens, Toys “R” Us, PetSmart, and even Fry’s Electronics.

For $10 a month, or $95 a year, members can order as many times they want for fast and free delivery! Non-members will be charged $4.99 per store for eligible orders. Depending on the area and retailer, delivery times can range from 1 to 3 days. This service is price competitive with other companies such as Amazon, which offers a similar service for $99 a year.

Google Express also launched in several other states across the Northwest, including Washington, Oregon, Idaho, and in the Southeast, including Kentucky, Utah, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

Looks like Google is making some big moves in the market. It’ll be exciting to see what the company comes up with next.


Related Articles:

Crepes and Waffles Coming Soon to Downtown Bozeman!

 

Montana May Soon Be the New Silicon Valley

 

You Better Get Your Passport—The TSA Won't Accept Driver's Licenses From These 5 States

 

 

Bozeman Extends Vacation Rental Ban Another Six Months

by Hart Real Estate Solutions

Bozeman City Commissioners just voted Monday to extend Bozeman's temporary ban of vacation rentals within city limits another six months, allowing Airbnb-style operations in some districts until permanent regulations are in place.

The temporary ban of short-term rentals was set six months ago so the city could gather more information and public input to find a fair solution to the concerns some residents had about how short-term rentals would impact their neighborhoods. 

Some residents in the downtown neighborhoods are worried that short-term rentals would increase traffic, late-night noise, and degrade the character and charm of their historic neighborhoods. The city also found unaccounted for listings on websites like Airbnb and HomeAway that uncovered some rented homes in Bozeman that have been avoiding the required business and conditional use permits, which were frozen by the interim ordinance.   


The city made efforts to gain feedback from the public and study the effects of similar policies in other cities, but they were delayed while focusing on hiring a new planner director. Since encouraging input from residents through public forums and an online survey, the city received about 330 pages of comments to read through.

In Monday's public meeting, some commenters questioned whether the city would be violating the state's landlord-tenant act with these regulations. Others urged the city to make a decision before the summer tourist season arrives.

Four of the five Bozeman City Commissioners voted for the six-month extension of the interim ordinance. The one differing commissioner, I-Ho Pomeroy, proposed a shorter, three-month extension in pushing to get permanent regulations in place sooner. However, the remaining four members disagreed, arguing that the team and staff working on the issue need better information to make the best decision for the community.     

Read More About This Subject:

Bozeman Bans Vacation Rentals

Related Articles:

School Board Approves $125 Million Plan for 2 Great Bozeman High Schools

MSU Students Design "Small Shelters" For The Homeless

Mid-Rise Buildings To "Doom" Bozeman's Small-Town Charm?

Source:

Bozeman commission extends interim vacation rental limits

Montana's Economy Leads The Nation

by Hart Real Estate Solutions

How's Montana Real Estate Market? 

As we recover from the housing crisis, it's evident that Montana performed exceptionally well through the recession as compared to the rest of the country. National home prices finally broke-even with the pre-recession peak, but Montana already reached that milestone back in 2014. Montana's real estate prices are now about 10% above where they were before the housing bust.


 

Housing Price Growth.png


Before the recession, Montana's real estate prices were just under par with national averages. But when the housing bust hit, Montana had better resilience to price deflation than rest of the country. The housing bust wasn't nearly as harsh in Montana as other states. Since 2008, housing prices in Montana have stayed well above national averages.

Bozeman, in particular, had the most pronounced price growth of the state. Median sales price of single-family homes in Bozeman are now exceeding $350,000, higher than Montana's most populous cities.

How's Montana's Job Market?

The number of jobs in Montana are also growing at a considerable rate, with our manufacturing industry outperforming the national rate since 2010. From 2010 to 2012, Montana's manufacturing employment grew at an annual rate of 4% to 5%, while the nation's rate climbed by only 2% to 3%. 

Manufacturing Employment .pngEntrepreneurship in Montana

Much of the job growth can be attributed to a number of new establishments, rather than the growth of existing ones. Several of the largest contributors to Montana's rapid job growth through 2010 to 2015 were from fabricated metal products, beverage, and computer/electronic manufacturing. 

# of Establishments in Manufacturing Industry.png
Another achievement worth noting for Montana is the $4.6 billion Air Force contract won by S&K Technologies Inc., an enterprise headquartered on the Flathead Reservation in northwest Montana. While the enterprise has multiple offices in the U.S. and Saudi Arabia, S&K returned more than $25 million in dividends to the Confederated Salish and Kootenai Tribes (CSKT). As shareholders of the company, the success of S&K makes a significant impact on more than 7,000 members of the Tribes.

The Bureau of Business and Economic Research at the University of Montana projected in a 2016 report that the high-tech and manufacturing companies would grow seven-times faster than Montana's overall economy. These sectors are expected to pay average annual salaries of $57,000—more than double the median wage in Montana.


Montana's Economic Outlook

Overall, Montana's economic outlook is looking robust. Housing prices are climbing, high-tech companies are growing, and more high-paying jobs are becoming available. Montana's real estate market and the high-tech sector will be two things to keep track of in 2017.


See More:

Gallatin County Leads Montana's Economy

 

Bozeman Airport Expands For Explosive Traffic Growth

 

Mid-Rise Buildings To Doom Bozeman's Small-Town Charm?

 

Bozeman Airport Expands for Explosive Traffic Growth

by Hart Real Estate Solutions

As you may have notice, the Bozeman area has been growing exponentially with each passing year, and the local airport is certainly feeling it. Our Bozeman Yellowstone International Airport just broke its own traffic records for the seventh year in a row. While the U.S Census Bureau estimated there was only 100,000 residents living in Gallatin County in 2015, the airport handled a staggering 1.1 million passengers the following year. That’s 10 times more passengers moving through the airport than there is people living in our area! 

To accommodate for the growing traffic, the airport is working on adding another runway and considering to add some new gates. American Airlines also just announced that starting this spring, they will be making non-stop daily, seasonal flights to and from Bozeman and Dallas-Fort Worth. The airline will have a summer service running from June 2 to October, and a winter service running from December 15 to April.

With Bozeman being a college town, and Big Sky and The Yellowstone National Park being major tourist attractions, it’s no surprise that the airport’s been so busy. College students fly home during the holidays, Yellowstone National Park has tourists flying in from all over the world in summer, and our world-class ski resorts attract skiers in the winter. These local attractions keep the airport busy all year long.

Good business for the airport is also good business for our community. With an expanding airport, it will draw in more potential customers for our local businesses, add jobs and revenue to our community, and possibly lower flight costs from Bozeman to global destinations.


Related Articles:

Development Projects In Downtown Bozeman

Business Success In Bozeman

Job Growth In Gallatin County



Read more about this topic:

Bozeman airport again breaks record for passenger numbers

American Airlines enters Montana market, offers seasonal service to Bozeman

The Interesting History Behind Bozeman Street Names

by Hart Real Estate Solutions

Established in peak times of the Gold Rush, Bozeman, Montana has an interesting background with some extraordinary founders. Much of Bozeman’s roads were named in honor of individuals who were monumental to the town’s success.

Here are few meaningful road names in Bozeman with an interesting history.

 

Bozeman Avenue

The city founder, John Bozeman, left his family behind to travel west in his quest for gold. He failed to find gold, so he took on a different venture—trail blazing. He guided wagon trains on the Bozeman Trail to Virginia City. Mr. Bozeman was a risk-taking gambling man. He embraced the dangers of breaking treaties with local Indian tribes by traveling through their territory.

Admiring the landscape of the Gallatin Valley, he eventually settled and began his most instrumental work in 1864—building the city of Bozeman. With help of his two partners, William J. Beall and Daniel Elliott Rouse, he built the first log homes, church, and school.

Unfortunately, he didn’t live long enough to see his city prosper. In 1867, at age 32, he was found murdered along the Yellowstone River. While the Blackfeet Indians were originally blamed for his murder, rumors have spread that his partner, Thomas Cover, had motive to murder him as a jealous husband. Historians even suspected that a henchman was hired to kill Mr. Bozeman on behalf of Nelson Story, the richest man in Bozeman. There is still no physical evidence to prove who the true killer was.

 

Beall Street

William J. Beall helped build the first church and school in Bozeman. Mr. Beall met John Bozeman and Daniel Rouse on his way to sell potatoes to gold miners in Virginia City. Giving up on their hopes in the gold rush, the three men decided to build a town in the fertile farmland of the Gallatin Valley. He built his home just north of Main Street, marking one of the first homes in Bozeman.

 

Rouse Avenue

Daniel Elliott Rouse was a traveler and farmer who lived in and helped establish settlements all over the United States. He moved to the Gallatin Valley in 1862, where he met John Bozeman and William Beall. Mr. Rouse helped build the first cabins and hotels in 1864.

 

Alderson Street

William White Alderson contributed a lot to the success of the town. He helped build a Methodist Church, hauled in logs for the town’s first school, started a dairy herd, served as an agent with the Sioux tribe, and became one of the first members of Bozeman’s municipal council.

 

Babcock Street

Carpenter William H. Babcock made the long journey to Bozeman from San Francisco in 1864. As an architect, he oversaw the construction of the Bozeman Opera House in 1888. Mr. Babcock became a rich man in Bozeman. He built a mansion known as “the Castle” on North Church Avenue and Davis Street, which is now long gone.

 

Black Avenue

This road was named after a successful businessman in Bozeman, Leander Black. Straight from Kentucky, he partnered with Achilles Lamme from Missouri to open a general store, competing with Lester Willson’s general store on the north-side of the street. With three other partners, Mr. Black expanded his business by opening the First National Bank of Bozeman in 1872.

 

Durston Road

Durston Road was named after an iconic Montana newspaper editor, John Durston. He was a highly educated man with a degree from Yale and a doctorate in Philosophy from the Heidelberg University. In 1887, Mr. Durston moved to Anaconda, Montana. In 1889, he became editor of the Anaconda Standard. After leaving the Anaconda Standard in 1912, he established the Butte Daily Post in 1913. Although he didn’t live in Bozeman, he invested in Bozeman real estate, and presumably owned a home on what is now Durston Road.

 

Story Street

Nelson Story had better luck in the gold rush than Mr. Bozeman and the other founders, making a fortune in Virginia City. With his riches, he bought approximately 1000 head of Texas Longhorns and took a big risk in the first major cattle drive through dangerous Indian territory from Texas to Montana. Mr. Story became Bozeman’s first millionaire and built the first Story Mansion on Main Street in Bozeman, then later built a second Story Mansion on the corner of Willson and College for his son, T. Byron Story. He also owned one of Bozeman’s first banks and flour mill, and donated land to launch the Montana Agricultural College.

 

Wilson Avenue

Lester Willson served in the Union Army during the Civil War. He rose through the rankings after enlisting as a private in 1861, reaching the rank of colonel by 1865. He was known for his “gallant and meritorious services under General Sherman, resulting in the fall of Atlanta, Georgia.”

In 1867, he left New York to take on a business venture in Bozeman, opening Bozeman’s first general store on 204 E. Main Street. He lived a long, fulfilling life, dying at age 79 in 1919. The community showed their respect for Willson by honoring him with the largest funeral the town had ever seen. Central Avenue was then renamed Willson Avenue in his honor.

 

The city of Bozeman had grown and prospered, becoming a major city of Montana with a population of 8,500 by 1910.

 

Subscribe to our newsletter to stay up-to-date with local news, events, and market reports.

Hart Real Estate Solutions—Your Trusted Guides

 

Related Article:

How Did The City of “Bozeman” Get Its Name?

 

Sources:

About The Anaconda standard. (Anaconda, Mont.) 1889-1970

Lester S. Willson

John H. Durston, B. 1858, Syracuse, NY> 1887 MT – BIO

“Nelson Story”

Street names keep Bozeman’s colorful history alive

Snow in the Big Sky Mountains!

by Hart Real Estate Solutions


Even though we still have had our share of dreamy September days with blue bird skies and perfect 55 – 60 degree nights, the mountains are starting to get a nice coating of ‘ceiling white’.   We are seeing snow in the Spanish Peaks to the South and of course, Lone Mountain – the main ski mountain at the Big Sky & Moonlight Basin Resorts along with the saddle in the Bridgers.


The juxtaposition of 70 degree temperatures in the Valley with snow on the mountains is what makes Bozeman, well... Bozeman. 


We thought you might also enjoy the Big Sky Resort Tram Cam in Big Sky from the top of Lone Mountain– see this link:

                  https://bigskyresort.com/the-mountain/webcams/interactive-tram-cam
 
If you are thinking about a great ski trip this winter, be sure to check out our local, but world class resorts:

Bozeman Market Report - Home Sales Are On The Rise

by Hart Real Estate Solutions

Statistically, there have been more sales single family homes in Bozeman in 2016 as compared to 2015. This would include every price range up to $700,000.   Also to note, the list price to sales price ratio is higher across the board, exceeding 98% in all price ranges under $700,000.

In price ranges above $700,000, 2015 had 65 sales verses 49 sales this year.

New construction sales are also slightly stronger in 2016 than the same period last year, with 110 sales of new homes so far this year.

We continue to see new inventory hit the market and go under contract quickly.  If you are thinking about selling, now may be the time to see what your home is worth and plan for winter house projects.

Bozeman is Booming

by Hart Real Estate Solutions

It seems it wasn’t that long ago when distressed properties (bank owned and short sales) made up a significant percentage of the market and there was ‘value’ everywhere.   I put value in quotes as no one really knew how to evaluate value other than to define it as properties that were significantly off their peak value.  I had one particularly wise investor that was purchasing very simple, straightforward investments (condos and townhomes priced under $80,000.00) with the goal of a 10 – 12% return on a cash investment.   He already owned many multi-families but he saw value and also ease of resale in purchasing individual units – he has doubled his investment in most cases.

So much has changed since then.   Without sounding like a glorified cheerleader, here are some quick stats & interesting facts about Bozeman and the surrounding areas, including Big Sky, Gallatin Gateway, Manhattan, Belgrade, and Livingston.

  • Our local university, Montana State University….
    • Had yet another year of record enrollment.  This year enrollment climbed above 16,000 students.  This is the tenth time in the last eleven years that MSU has set an enrollment record.  This makes MSU Montana’s largest university. 
    • Montana State is among the top 3% of colleges and universities in the nation for research expenditures and typically exceeds $100 Million per year – are you kidding me?  This makes MSU the largest research and development entity of any kind in the state.
  • Tech companies are booming in Bozeman
    • A few years ago, in 2011, a boot strapped tech company named Right Now Technologies was purchased by Oracle for $1.5 billion
    • According to Oracle’s founder, Greg Gianforte, in a recent speech he gave, Bozeman is now home to 82 tech companies
    • We are seeing tech companies come here for a myriad of reasons – quality of life, affordable housing as compared to Silicon Valley and other hot beds of tech, a talented work force and more.
  • Montana ranked first in start-ups in the entire US for the fourth straight year
  • The Bozeman Yellowstone International airport is the busiest in the state – 2015 saw over 1,000,000 passengers – a record for the state and the first time this many passengers were accommodated ever
  • Yellowstone Park is just down the road – an absolute jewel in the US
  • The Big Sky ski area also saw record guests at 440,000 visits in 2015 – Big Sky also announced a 10-year plan to invest $150,000,000.00 in improvements to the mountain to accommodate over 650,000 annual visits projected by the year 2025.
  • Bozeman population grew at 4.5% from 2014 to 2015 – standing at 43,400 residents according to the US Census Bureau

I am only scratching the surface – more to come in future letters. There is no better time to join us in Bozeman and the Gallatin Valley!

Bozeman Floodplain Maps Redrawn

by Hart Real Estate Solutions

The City of Bozeman and the Gallatin County have prepared an updated floodplain map for the greater Bozeman area. The current map was produced almost 30 years ago, so county and city planners want to remap flood areas surrounding Bozeman Creek and the West Gallatin River. County planners want to make sure that all homes in the area are properly prepared for a potential flood and would have the proper insurance in place.

As many riverside residents might be able to tell you, many homes along Bozeman Creek require flood insurance. The new draft will add about 140 additional buildings to the floodplain while removing 108 other buildings. Homes that have been added to the floodplain could see additional costs like flood insurance get added to their bills. Having a home in the floodplain could also affect the property’s value. Currently, the new floodplain map is only a draft. Officials want to have it finalized in the next 2 years.

Safety is always the paramount goal when City Officials look to update or renovate real estate regulations. Updating Bozeman’s floodplain map will help validate that all Bozemanites are living in safe homes and that no one is risking house and home for a closer river lot.

 

Source: http://www.abcfoxmontana.com/story/31642274/bozeman-redraws-flood-maps-could-cost-property-owners

http://www.nbcmontana.com/news/bozeman-gallatin-co-work-on-floodplain-map-update/38887916

 

Bozeman Looks to Expand Cottonwood, Durston Intersection

by Hart Real Estate Solutions

In early February, the Bozeman City Commission focused their efforts towards road expansion and reconstruction on the west side of town. With Bozeman's growth rate in the top ten nationally, road expansions and construction will continue to be needed. The city wants to expand the intersection of Cottonwood and Durston Road to better address the growth in the area. Bozeman has and will continue to find additional funding for city streets so long as growth continues.

Ideally, the commission would like to expand Cottonwood to four lanes and widen Durston to three lanes. The plan would also add a new light on the intersection of Cottonwood and Babcock. The commission would install roundabouts at Oak and Baxter, and Flanders Mill and Ferguson.

Bozeman’s growth, particularly on the west side, have increased traffic in the area. With the fastest growing economy in Montana, Bozeman continues to stay on the national radar. Its been awarded as one of the nation’s most liveable towns, a top worldwide destination and a top college town in the past 2 years. School districts continue to break enrollment records, Expanding neighborhoods like Laurel Glen and Valley West have attracted more residents to the west side of Bozeman, putting more strain on the nearby roads. More commercial permits have also been given on the west side of Bozeman, increasing traffic as well.

Durston and Cottonwood improvements would cost an estimated 30 million dollars and would be broken into several projects over the coming years.

 

Source: http://www.nbcmontana.com/news/Bozeman-seeks-expansion-of-Cottonwood-Durston/37762862

 

Displaying blog entries 1-10 of 49

Syndication

Categories

Archives