Crow Hollow Ranch is situated in Montana’s legendary Paradise Valley. This majestic property which was once inhabited by the Crow Indians encompasses a diverse topography with 198 +/- deeded acres, over a half mile of Suce Creek, a beautifully designed period-style farm house, historic caretaker’s home, and log cabin…all tucked privately into a dramatic valley with National Forest, and BLM lands surrounding the ranch. List Price $3.6 Million
Market Update/Recently Sold
MARKET UPDATE
The real estate market in Montana continues to improve, but is not back to the robust environment prior to the national banking crisis of 2008. Housing under $200,000 accounted for much of the market activity across the country, with Park County paralleling this trend.
Montana is also seeing an increased number of buyers seeking investment in ranch and recreational properties as an alternative to market driven investments.
RMP had a busy year brokering everything from iconic local businesses to beautiful mountain acreages, ranches, and riverfront homes…
RMP’s MOST RECENTLY CLOSED SALE:
BANGTAIL RANCH
Bridger Canyon/Bozeman
SOLD – Listed at $4.5 Million
260 Acres with hay pasture, spring creek, shop and reclaimed timber home providing access to hundreds of miles of hiking, biking and skiing trails. Abundant wildlife, 360 degree views and minutes to Bridger Bowl Ski area & Downtown Bozeman.
Buyer represented by Tracy Raich, RMP/Seller represented by B Elfland, Fay Ranches
Raich Montana Properties LLC Listed in the “2011 America’s Best Brokerages” issue of The Land Report
This publication is known as “The Magazine of the American Landowner”. In this issue leading land brokerages in the US are listed by region. Raich Montana Properties LLC is listed under brokerages in the West (page 49). Each real estate firm is required to provide a compilation of transactions for the year, and share the firm’s business philosophy and provide market insights.
Here’s a recap of the magazine listing for Raich Montana Properties LLC:
Who: Raich deals in ranches and recreational properties in Livingston Montana’s Paradise Valley.
Philosophy: As a one-person firm, her focus is on personal attention for each client instead of handling a large volume of transactions.
Raich’s Market Insight: Raich enjoyed a steady business during the year. She predicts there will be continued investment in this market which may result in a depletion of inventory leaving a scarcity of truly amazing ranch and recreational properties in Livingston’s Paradise Valley.
2011 Sales: <$50 Million Category, with transactions totalling $17.1 Million in 2011 (The Land Report’s computation method).
Housing & Economy Headed For Sustainable Recovery?
RISMEDIA Reported on Nov 18, 2009…..
Housing Market Update Reads Positive
by Kenneth R. Harney – Tue, Sep 1, 2009
Name just about any housing market or economic indicator you can think of, and the odds are good that last week it was much better than the preceding week or month.
Start with resales of existing homes. They were up by 7.2 percent in July over June, according to the National Association of Realtors. That was the fourth consecutive — and by far the largest — monthly increase so far this year.
And check out new home sales. They were up by nearly 10 percent in the latest report from the Commerce Department. The gain was the biggest monthly change in sales since February of 2005. It pushed inventories of unsold new houses to their lowest point in 16 years.
Consumer confidence also was sharply higher, according to the Conference Board’s widely watched index, up seven points in August over July. Lynn Franco, director of the Conference Board’s consumer research center, said “consumers (are) more upbeat in their short-term outlooks for both the economy (as a whole) and the job market.”
The latest Case-Shiller home price index even turned positive! Case-Shiller’s national composite was up 2.9 percent comparing the first quarter of 2009 with the second quarter. That was the first quarter to quarter price improvement in more than three years, and we all know how spooky and bearish Case-Shiller has been throughout the housing downcycle.
Fully 18 of the 20 major markets tracked by Case-Shiller were positive for the quarter, even though on a year-to-year comparison basis, prices in the second quarter of 2009 were still 15 percent below the second quarter of 2008.
Mortgage applications and interest rates continued to be favorable as well. Total applications jumped by seven and a half percent last week, according to the Mortgage Bankers Association.
Rates remained low and stable: 5.2 percent for 30 year fixed rate loans, and 4.6 percent for 15 year mortgages.
Equally significant, some prominent analysts are saying the recession either officially ended sometime during the month of August, or will do so shortly, maybe in September.
The Mortgage Bankers Association’s top forecaster, Orawin Velz, said the national gross domestic product or GDP likely will RISE in the third quarter — ringing down the curtain on the deepest recession in decades.
Now, does this all mean that happy days are here again and the housing market can only go up as the recession comes to an end? Not with unemployment still above 9 percent and three million foreclosures forecast for the year.
Look for a slow-mending recovery, but one that looks like it will be led by housing. Today’s Local Market Conditions Report
No Recess for Housing
by Kenneth R. Harney – Mon, Aug 17, 2009
The House and Senate may have left Capitol Hill for their August break, but housing lobbyists are busy at work gearing up a major campaign to extend the $8,000 home buyer tax credit.
The credit for first-time purchasers is scheduled to expire November 30.
The National Association of Home Builders and the National Association of Realtors want to persuade Congress to nail down an extension of the credit, and maybe even broaden its coverage, as soon as possible.
The home builders are mounting an aggressive campaign during the congressional recess. The association is sending out local teams of members to meet with congressmen and senators in their home districts, urging not only a one year extension of the credit, but an expansion of the concept to cover all home buyers next year, not just first-timers.
Though the endorsement may, or may not, have been connected with the home builders’ campaign, one of the most politically powerful Democrats has already signaled that he favors a one year extension.
Senate Majority Leader Harry Reid of Nevada, said he thinks “it’s something we can get done.” According to a report in the Las Vegas Sun, Reid made the comment last week during a conference call with Nevada reporters.
Meanwhile, the influential chairman of the Senate banking committee, Connecticut Democrat Chris Dodd, has teamed up with Georgia Republican Senator Johnny Isakson to sponsor a bill that would extend the credit for another year and expand it to a $15,000 maximum.
In the House, two bills have been introduced to extend and expand the credit for either six months or 12 months. The National Association of Realtors is strongly supporting the extension efforts, and is sending its own delegations to lobby key members of the House Ways and Means committee and the Senate Finance committee.
So with all this going on, is it a sure thing that the tax credit will be available in some form for home buyers next year? Should consumers who can’t quite make the November 30 deadline breathe easier?
Absolutely not. There is no sure thing on Capitol Hill whenever legislation looks like it’s got a clear path to passage. That’s when opponents hijack the bill or filibuster it in the Senate.
Nonetheless, extension of the credit looks like it has growing bipartisan support. Mary Trupo, legislative spokesperson for the National Association of Realtors, told Realty Times last week that “we feel Congress is receptive” to the message that the housing tax credit helps create jobs, and stimulates the economy.
But nobody should assume it’s a done deal, until it is. Today’s Local Market Conditions Report
