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Thursday, December 18, 2014

2014 Beaverhead County Market Recap

2014 Beaverhead County Market Recap
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Vacant Land/Subdivision lots are typically the toughest sale but year to date, vacant land sales stand at 16 with three pending sales. The properties range in price from $30,000 to $1,400,000. With an abundant supply of subdivision lots on the market, it is allowing buyers to look at many options.
Residential sales make up the bulk of the transactions for Beaverhead County. With year to date sales at 84 and an additional 10 pending sales to prospectively close before 2015 the majority of sales are in the residential market place. The sold listing averaged $176,201 with a range from $14,150 to $450,000. The outlying areas (Lima, Dell and Polaris) have seen slower activity, with both Lima and Dell recording one sale in 2014 and Polaris seeing two sales.
Farm and Ranch market has seen continued activity from 2013 with cattle prices at record highs many producers are looking to expand their operation. In 2014 there have been three sales that range from $2,000,000 to $4,425,000. With two more ranches scheduled to close before year end.
In all, Beaverhead County’s property activity was in a normal trend for the current real estate market. There were many different influences that stirred buyer activity in 2014. Heading into the last part of 2014 and into 2015 interest rates remain low which should help heading into the winter season where typically the market slows down.
*All statistical information was derived from the Gallatin County Association of Realtors & the SW Montana Multiple Listing Service for Beaverhead County. ​ 

 Find out more about Beaverhead County, Montana. Contact one of our local Ranch & Recreational Specialists today. 

Chance Bernall, Broker       
Prudential Montana Real Estate-Dillon
10 W Reeder, PO BOX 1413, Dillon, MT 59725
Office: 406-683-2234

Wednesday, October 15, 2014

The Great Pumpkin

Even though Montana might not be the pumpkin capital or a huge contributor to our agricultural economy in many states, its big business. Believe it or not, 90% of the pumpkins grown in the United States are raised within a 90 mile radius of Peoria, Illinois. The town of Morton, is the self- proclaimed Pumpkin Capital of the world, where 85% of world’s pumpkin is canned by Libby’s processing plant. And speaking of pumpkins the newest record pumpkin just topped the scales at a whopping 2,058 pounds.

Pumpkin growing competition is a fierce sport with some serious dollars being traded. The recent article from Lisa Freedman with TODAY reported Uesugi Farms Pumpkin Park in San Martin, California, Peter and Cindi Glasier had reason to celebrate Saturday: After 30-some years of professional pumpkin farming, they finally took home their first official record — the heaviest pumpkin ever grown in America.
Unlike some growers, the Glasiers don’t weigh their pumpkins ahead of time; they like to be surprised. Even so, Cindi told, "we knew that our pumpkin was definitely a contender." It turned out to be more than that: At 2,036 pounds and measuring nearly 20 feet in circumference, it was the champion. Total prize for the 120-day-old colossus: $7 per pound, which comes out to $14,252.

Unfortunately for the Glasiers, that wasn't the last weigh-in of the season. On Monday, at the Half Moon Bay Art and Pumpkin Festival in California, John Hawkley stole their record with 2,058 pounds. But at least the Glasiers have one consolation: Though Hawkley now holds the U.S. record, he didn’t rake in quite as much money as they did. He received $6 per pound ($12,348), plus a bonus $1,000 for the biggest pumpkin from California, meaning that the Glasiers out-earned him by more than $900.