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  • Real Estate News, Reports, & Advice Blog

    Friday, November 17, 2017   /   by Olivia Martin

    Home Prices and Growth: What’s Going On?

    What Does Growth Look Like Around the U.S.?
    It comes as no surprise to many of us that owning a home can be an expensive venture. Factor in HOA fees, interior appliances/materials, miscellaneous maintenance costs and everything in between, and it’s easy to see why being a homeowner can appear to be daunting to some.
    Although home prices grew 5.6% last year, this is only determined when comparing dollars to dollars. If this statistic is adjusted for inflation, this increase is still actually 15% below the high that occurred in 2006. Of the country’s 100 largest metro areas, only 41 grew to new peaks, even though 97 of these 100 metro areas did see overall home price growth. Overall, housing markets on both the West and East coasts have experienced inflation-adjusted home price increases of more than 40% in the last 16 years, while markets in the Midwest and South have generally experienced decreases.
    However, growth has not been the same across all income levels. After Ha ...

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    Tuesday, November 07, 2017   /   by Olivia Martin

    The Annie and Oak Street Issues: Bozeman’s Second High School Faces New Challenges

    While the overall design for Bozeman’s 2nd high school has been approved, the actual design drawings will be completed sometime this month, at which time the School Board will take its final vote on the design. Previously, we had learned that the design was modern and sleek, with elements of brickwork, black metal cladding and an all-glass entryway incorporated into the plans. Only small modifications to this design have been made by Building Committee members, which include using traditional red brickwork rather than the originally proposed grey, and using white instead of purple for the triangle outside the main entry.
    The Annie Street Issue
    City staff members are in favor of the school district building Annie Street east-west, which would cut through the middle of the property where the high school will be constructed. This expense is estimated at $800,000, and would require students to cross a city street in order to reach the playing fields. While the school conducted a t ...

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    Thursday, October 26, 2017   /   by Olivia Martin

    Long-Debated Black-Olive Project Gets Approved By City Commissioners

    In September of 2016, the Black-Olive project was first presented to Bozeman City Commissioners as a 5-story building that would feature 56 apartments, as well as commercial business space on the ground floor and 37 on-site parking spaces. Many neighboring residents spoke out at both public meetings and on Facebook’s “Save Bozeman” page to express their concerns that the contemporary building would ruin Bozeman’s small-town charm and negatively impact street parking.
    On April 11th of this year, this proposal was denied with a 4-1 vote, although it was stated that developer Andy Holloran intended to modify the design and resubmit his proposal for later review. Fast forward to last week— the Black-Olive development was APPROVED after more than a year of discussions, meetings and revised design plans, ironically with a 4-1 vote. The project will include demolition of the two-story building currently located at 202 S. Black Ave.
    What Else?
    The new design ha ...

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    Monday, October 16, 2017   /   by Olivia Martin

    New Local Businesses Contribute to Bozeman’s Rapid Growth

    Bozeman continues to grow, and we aren’t just talking about its population and endless road expansions all over town— new local businesses have been popping up all over town; Evergreen Clothing, Ekam Yoga, Stuffed Crepes and Waffles and Backcountry Burger Bar are just a few of the new businesses that have opened this year. But 2017 isn’t over yet— a new candy shop, new brewery and new diner are either slated to open their doors by year’s end, or have recently done so.
    For Those With a Sweet Tooth…
    Owner Kimberlee Greenough started Hush Salon in 2011 and has worked as a personal trainer for years, and is now pursuing a lifelong dream of owning her own candy shop. Set to open at the end of October, The Candy Jar will feature more than 500 types of chocolates, gummy candies and other classic candies, as well as a soda fountain and ice cream bar with Wilcoxsin’s and Montana-made syrups. The Candy Jar will be located near Wasabi on West Oak, and ...

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    Friday, October 06, 2017   /   by Olivia Martin

    Big Sky Town Center: Expansion & Affordable Housing Update

    In July, Big Sky developers and CrossHarbor Capital Partners (the investment firm involved in Big Sky’s development) announced the opening of a handful of new businesses, as well as the groundbreaking of the first chain hotel in the area. The Wilson Hotel, a Marriott Residence Inn, is being constructed to the east of the newly built Town Center and will feature 129 rooms, a full-service restaurant and a fitness center/pool area.


    Fast forward a few months to today— Lone Mountain Land Company (LMLC) has announced construction on another new building in the Town Center—the Plaza Lofts development. It will house five new businesses, including a sushi restaurant, wine bar and a boutique shop, as well as 22 apartments with one-bedroom, two-bedroom and 4-bedroom floorplans. The completion date for this project is set at the start of the 2018 ski season, around the same time as the above-mentioned hotel.
     
    Artist’s Rendition of the Plaza Lofts development ...

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