Tag Archives: real estate in Whitefish

Unique Restaurant Ownership Opportunity On Whitefish Mountain Resort

Operating today as the Cafe Kandahar with a proven profitable history and noteworthy reputation. Real estate being offered is structured in 3 condos to be sold together. Includes: furniture, fixtures & equipment (FF&E) with resort liquor license.Bar

Cafe Kandahar has distinguished itself as the premiere dining destination in Northwest Montana. Be prepared for an unparalleled dining experience, located inside Kandahar Lodge at Whitefish Mountain Resort.DiningMore Information“The cafe’s renowned chef, Andy Blanton, has been a four-time semifinalist for the James Beard Award for best chef in the Northwest. He served us an opulent menu: steelhead sashimi with quail egg and yak tartare. Wine pairings with each dish, elegant service and impeccable cuisine transitioned seamlessly into a slumber in our room just feet from the cafe kitchen.”

Read Full Article: “This Montana Ski Town Offers Deep Snow, Authentic Western Vibe”

“A World Class Restaurant”
Seattle Post-Intelliger
“Exquisite Fine Dining”
Minneapolis Star-Tribune
“One of two best Restaurants in Montana”
Frommers Guidebook for Montana and Wyoming
Contact Real Estate Professional Stephanie Skinner at 406.261.8430 or 406.862.1750
More recent articles published about Cafe Kandahar.
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2016 Flathead Market Report – Kelley Appraisal

The Flathead Real Estate Market continues to improve with a near record number of sales in 2016.

This report addresses statistical details of the Flathead County Real Estate market over the last few years and summaries on the 2016 market.

In general, 2016 was mostly stable with numbers similar to the last three years. The following is a list of some key points:

  1. The employment picture continues to improve.
  2. Subdivision activity continues near its all-time low, but as the inventory of bank-owned has mostly gone away. There is some new interest in development, but mostly within the City limits. There continues to be little interest in rural subdivision development.
  1. New home construction is increasing in all areas of Flathead County.
  2. The number of residential home sales was about the same as it was in 2015, but the inventories are down from 2015.
  3. REO sales continue to decline and are no long a material segment of the Flathead Market.
  4. Of the County’s sub-markets, most areas showed an increase in the number of sales. The largest increase was in Whitefish.
  5. The number of land sales were about the same as they have been over the last three years.
  6. Housing is under pressure with prices outpacing the affordability as interest rates start to increase.
  7. The number of foreclosures continued to decrease through 2016.
  8. Commercial property sales decreased in 2016.

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2015 was the best year for home sales since 2006 and 2016 is at the same level as 2015. There were 1680 homes sales reported in Flathead County in 2016, compared to 1,683 in 2015. The median price finished at $255,000, which is 5.2% above the 2015 median of $242,500. The 2016 median of $255,000 is the highest its ever been and is $5,000 higher than the 2007 median of $250,000.

Overall, the entire year mostly matched 2015 with the number of sales being up 8% in the first quarter, down 5% in the second quarter, down 2% in the third quarter, then finishing off the year with a plus 4%.

This January, there are 851 homes that are on the market compared to 1065 in January of 2016 and 1177 in January of 2015. With 851 current listings, this represents 6.1 months of inventory compared 7.6 months of inventory in January of 2016.

As we go into 2017, interest rates will be a key factor. The overall average 30-year rate in 2016 was 3.7% and the current 30-year rate is nearly 4.1%. The 15-year rate averaged around 3.1% in 2016 and is now nearly 3.6%. The question here in the Flathead is, how much will this affect our market?

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According to the National Association of Realtors research department, the national average inventory as of November 2016, was 4.0 months. In Flathead County, the average inventory for properties under $300,000 is 2.5 months and the overall average is 6.1 months.

View the complete Kelley Appraisal Flathead Market report here.

Search Flathead Valley Real Estate at Glaciersir.com

About Jim Kelley:

Jim is the owner of Kelley Appraisal and is a 1975 graduate of the University of Montana Business School. He has been a leading provider of appraisals for commercial, residential and investment real estate in northwestern Montana for the last 36 years. With extensive professional experience and education in Finance, Mr. Kelley specializes in appraisals for purchases, sales, commercial loans, residential loans, and litigation. Mr. Kelley has built the most extensive statistical data base for the economic and real estate in northwestern Montana and been a guest speaker in the finance industry on numerous occasions. He was an invited lecturer to college students in China in 2007 on how the real estate and the appraisal business works in the United States. Mr. Kelley’s active roles in the Flathead Valley community in the past 36 years extend also into sailboat racing on the Flathead Lake and skiing on the Big Mountain.

BON TRAVELER – A WINTER GUIDE TO WHITEFISH, MONTANA

“It seemed that everywhere I looked in Whitefish, Montana there was adventure to be had. I couldn’t get enough of it and with a surge of childlike-fueled energy, each day I rose early in search of nature’s best sources of adrenaline.

Whitefish is a destination that is in arm’s reach of many experiences. During winter, the plentiful adventures like skiing the slopes, exploring Glacier National Park, or walking the picturesque downtown keeps the days full. I adored getting into the unfiltered outdoors in one breath, and then in other returning to a cozy lodge at night. Getting to do both, meant that Whitefish truly had it all.

The local scene was passionate — each local brewer, distillery owner, restaurant keeper, and more showed the true love for this corner of Montana. Using ingredients from local growers, there was this emphasis in keeping Montana, well Montana. As a traveler, it felt good to know that there was this intimate relationship with the vast ecosystem in Whitefish.

Pairing this local expereince with the outdoors, couldn’t have sealed the deal more. Whitefish knows how to show their guests a good time.”

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Read complete Guide here.

Visit GlacierSIR.com

(Featured image credit: innerwildchild86)