Distinctly Montana Magazine

d i s t i n c t ly m o n ta n a • s U m m E R 2 0 1 4 54 So What DoES thE ranCh MarkEt look lIkE to you thIS yEar? IS It DIffErEnt froM 2013? CraIg JanSSEn We are excited to see increases in buyer activ- ity in all price ranges. Over the past few years we have seen good activity in the largest sized and consequently highest total priced properties. In the past six to nine months we are finally seeing buyers interested in smaller acreage deals and subsequently smaller price points. traCy raICh So far the market appears to be fairly consistent with 2013, which started out slow and ended-up pretty strong. I am excited at the potential for this year. JuStIn toDD There is lots of optimism, We have had many showings. As properties close and the market is established, activity should pick up. What DoES thE DEManD for "WorkIng" ranChES anD rECrEatIonal ranChES look lIkE? raICh I believe the demand for premium Montana ranches (working ranches with cash flow or premium recreational ranches) will continue as long as the prospective buyers see the opportunity for appreciation and long-term value. Stability has returned to the market of late and helped those criteria. JanSSEn Very strong cattle prices along with demand from ag producers who sold in the Bakken area in ND are keeping working ranches in high demand. High quality recreational properties that are well priced are seeing strong activity, but places that are overpriced or lesser quality are not receiving much attention. toDD The demand is for working ranches. All the buyers are interested in previous cash flows for the properties they are viewing. WhErE arE thE buyErS CoMIng froM? arE thEy froM thE u.S., or arE you SEEIng MorE forEIgn buyErS? JanSSEn The majority of our buyers are from the U.S., but we are consistently seeing more interest from overseas. Wealthy foreigners see real estate in the U.S. as a safe investment and are attracted to the stability of the tax code and the state economies of mid-western and the mountain west states. toDD Montana 60% and states neighboring 20%; elsewhere 20%. raICh I see more activity from U.S. buyers. I do hear that there is an interested foreign market from Canada, even China, but we haven't really seen much of that yet. think of the possibilities for your spare bedroom! We custom design, build and install! 2301 Palmer | Suite #1 | Missoula, MT 406-240-3927 www.MontanaMurphyBeds.com MontanaMurphyBeds@gmail.com Murphy Wall Bed hardware dealer Do you know your guest room is typically only used two weeks out of the year?

• Cover