116 Red Tail Road – Mission Bay Preserve
Forever views and main floor living, Flathead Lake access and community amenities. 6 bedrooms, 4 bathrooms, ground-source heat pump, attached 2.5 garage. Offered at 1,300,000.
It’s been a July to remember from the well-attended parade on the 4th through the welcomed and well-timed rain showers, to the amped up real estate sales in the Polson market where dollar volume for the month zoomed to 128% of last year’s July sales. A total of over 27 million dollars closed in July compared to a figure just shy of 12 million for the same month last year. A number of lake front properties and some commercial activity contributed to that number along with land sales.
Figures from January first, 2025, show a slower off-water housing market with a 21 percent drop in the number of homes sold and a 12% drop in the total dollar volume.
| 2025 $ Volume | 2024 $ Volume | % Change | 2025 # of Sales | 2024 # of Sales | % Change | |
| Off Water | 22,433,266 | 25,505,500 | -12 | 42 | 53 | -21 |
Water Access | 8,761,000 | 5,008,000 | 74 | 10 | 9 | 11 |
| Waterfront | 29,845,000 | 10,980,000 | 172 | 15 | 7 | 114 |
The dollar volume of Water Access residences increased 74% with just one more home selling than in the same 7-month period in 2024. The big change over last year is in the waterfront properties: Increased dollar volume of 172 percent and a 114 percent increase in the number of properties sold.
You may be wondering what is happening to the median sales prices year over year. Here you go:
| 2025 Median | 2024 Median | % Change | |
| Off Water | 565,000 | 450,000 | 25 |
Water Access | 777,000 | 585,000 | 32 |
| Waterfront | 1.90 | 1.60 | 18.8 |
The inventory of available homes has increased this year, and prices are adjusting as many buyers wait to see if interest rates will ease and watch the economic gyration at the federal level. We currently have about 6 months of inventory of single-family residences.
| RESIDENTIAL PROPERTIES for sale | Number Available | Low | High | Median |
| Off Water | 94 | 119,000 | 2.795m | 574,800 |
Water Access | 14 | 675,000 | 1,998,500 | 798,000 |
| Waterfront | 19 | 349,000 | 11,900,000 | 1,995,000 |
| Land | 104 | 69,999 | 3,800,000 | 170,000 |
If you are a property owner and have received your assessment from the Department of Revenue, you may want information to challenge that number stuck sideways in your throat. I’m happy to look up comparable sales if you need them. Remember that you have only 30 days from receiving the assessment to submit your informal review on Form AB-26. You can find more information at propertyappeal.mt.gov
Hope that you are enjoying the summer!
