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| February 2011 | Vol 1, Issue 1 |
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Real Estate Market Update
with
Tom & Katie Brown
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| Greetings! |
2011! What will it bring? That is the million dollar question. Do you find the answer in the stock market reports, CNN, Fox, Wall Street Journal, your neighbor, or by putting them altogether and assuming that the truth falls somewhere in the midst of all the information? Very overwhelming for those who follow daily and extremely confusing for those who choose to ignore!
We don't have the answer either, but what we have seen is an increase in real estate activity the last quarter of 2010 and first month of 2011. We see an abundant inventory at fair prices and low interest rates with lenders willing to try and help keep a transaction together. And yes, there are jumbo loans available. We haven't seen an increase in pricing but we have seen it leveling. Even some multiple offers going on! Our goal this year is to work aggressively to help our clients make business decisions based on the CURRENT market and not how it was several years ago. We have put deals together by trying to be more creative i.e., trades, owner financing, using local lenders who can hold loans in house, and even looking at some trades involving silver and gold! We have taken on this challenging market as a time to learn, analyze opportunity, and grow! |
| Current Market Information |
OPPORTUNITY! Our current market offers unprecedented opportunities for buyers. To see our overall year end market stats - click here.
Please call or e-mail us for the stats of a specific segment of the market. Do you know what the highest priced property sold for in the Flathead valley, on Flathead Lake, or Whitefish Lake? Give us a call or e-mail us at Katie@twre.com or Tom@twre.com. |
| In Real Estate News |
- Interest rates are still below 5% with predictions calling for rates increasing mid year.
- Short Sales and Foreclosures- Yes, there are some great deals but be prepared that the process may take much longer, the paper work can be burdensome and does not follow basic contract law and another offer can be accepted if it is better. We have helped buyers through this process but remember 'patience is a virtue' when pursuing this type of property.
- Change your light bulbs, paint a room, and 'spring clean' out your clutter if your home is on the market. If you are a seller, make sure when you walk in to each room that the lighting enhances the area (either softer or brighter), that the paint color complements the room and appeals to most people, and that most of your knick-knacks are boxed up and ready to move to your new home. We are happy to help with suggestions.
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| Contact Us |
Brokers/OwnersTom's Cell: (406)471-0630Tom's Direct Line: (406)837-1708tom@twre.comKatie's Cell: (406)253-3222Katie's Direct Line: (406)837-1707katie@twre.comTrails West Real Estate 301 Eagle Bend Drive 420 Electric Avenue P.O. Box 275 Bigfork MT 59911 Harbor Village Fax: (406)837-3624 Downtown Fax: (406)837-7060 www.TrailsWestRealEstate.com
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| Recently Sold |
 865 Swan Hill Drive, Bigfork - MLS# 295582 - Purple Mountain Majesty. Impeccable Montana construction in this stunning 5816 sf home on 30+ acres. Designs rooted in nature abound in the rock pilasters, stone fireplaces, log accents & hardwood floors. Peaceful Swan Mountain alpenglow bathes the sumptuous interiors. Expertly appointed master suite, three guest suites & a two bedroom charming log cottage provide ample accommodations.
 944 Angel Point Road, Lakeside - MLS# 289159 - One of the most distinctive homes in Montana. Soaring Osprey has captivated visitors to Flathead Lake since its completion. Featured on the cover of Unique Homes of the Pacific Northwest, this 7,000 square feet work of art is located on 2.9 acres on gently sloping private point surrounded by 500 feet of waterfront in beautiful and secluded Hockaday Bay.  Marina Court, Bigfork - A unique opportunity to own an exceptional 3 level townhouse that has never been occupied, on the harbor at the Eagle Bend Yacht Harbor. Double garage and elevator add to the ease of living. Gorgeous views and impeccable setting. Boat slip also available at additional price. |
| New Listings | |
12839 Crane Mountain Road, Bigfork - MLS# 301478 - $2,275,000
Stunning residence on 20 acres bordering National Forest Service & minutes from Bigfork. Captivating views across private pond to the Swan Mountains. Circular drive introduces the 3BR main residence. Enjoy the cozy 1BR/2BA guest house & connected private office w/views of pond & mountains. Complete with all the amenities - professionally designed/decorated. Storage for toys in separate shop/garage.
 392 Whitecap Lane, Bigfork - MLS# 301902 - $995,000A Must See! Newly remodeled main cabin plus 1BR/1BA guest house. Located on the east shore of Flathead Lake features a 100+/- ft pebble beach, boat house, a huge brand new concrete dock. The relaxing 2+BR/1BA main house also features an upstairs sleeping area, large kitchen, family room with large windows, forced heat air and a large deck to enjoy the tranquil location.
 45 Bear Dance & 55 Bear Dance, Bigfork - MLS#303401 & 303402
A home on the water like no other! As you sit & look out over the waters of Bigfork Bay, enjoy knowing you are in a home that is like a piece of art. Old world stone, steeply vaulted ceilings, aged red brick, reclaimed wood beams, covered lakeside patio are a few of the features. Finest quality craftsmanship is evident throughout. Enjoy a stroll through the village. Includes a boatslip.
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| Community Update |
 Nestled on the northeastern shore of Flathead Lake, Bigfork is home to extraordinary shopping and dining experiences. Sixteen fine art galleries showcasing styles to suit every taste. World class dining and charming cafes. A variety of gift shops and boutiques offering unique items. - Valentines Day weekend in Bigfork (Events from Beatles tribute concert, sliegh rides, shops open until 7pm, and many discounts). Click here for more information.
- Hockaday Museum Exhibits in Kalispell - throughout February (Barry Hood Flow, Wayne Hammer Metalsmith, Catch the Vision and much more. Click here for more information.
- Winter Carnival Art Walk - February 2nd (where local artists display thier work downtown Whitefish) or Whitefish Winter Carnival Parade - February 5 or Wine Fest - throughout February. Click here for more information.
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Our motto this year is 'Don't look back, somebody might be gaining on you' by Satchel Paige. So for 2011 - we are looking forward for opportunities for our clients. We appreciate your business and want to do all we can to earn your referral business!
Sincerely, |
Tom & Katie Brown, Broker/Owner Trails West Real Estate   |
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