Montana is a non-disclosure state, so sales price information about real estate is not public. This can make it difficult to compare property values and understand land market trends. However, there are several ways to gather and analyze Montana land sales data. Montana Land Source tracks and maps land listings and sales, and compiles live market data statistics for properties 200 acres and larger across the entire state of Montana. The information provided here can help you compare property values and better understand land market trends.
A survey of land transactions is an essential component of any property research project. The process of preparing a survey of land involves gathering, reviewing and interpreting the physical and legal characteristics of the property. It also includes assessing the property’s potential for future use, including zoning restrictions, land-use plans, environmental concerns, etc. Surveys are typically prepared by licensed surveyors. The resulting information is used to prepare a property report which provides a detailed picture of the property’s current condition and ownership history.
Real Estate Transactions
When buying or selling a farm or ranch, the assistance of an experienced, knowledgeable professional is often important. An expert in Montana land sales can assist you in navigating the unique challenges of these types of property transfers. The right advisor can provide valuable insight into tax recommendations that can have a significant impact on the value of your investment.
There has been a steady increase in land sales activity over the past several years, with record high pricing and demand driving the market. With supply largely constrained, buyers have moved to other regions of the state. Western Montana saw the highest number of top-tier properties, but buyers are expanding into Eastern and North Central Montana.
As a result, there are more opportunities to purchase a quality Montana ranch on the open market than in recent years. For those looking to expand their ranch holdings, establishing a relationship with a ranch broker early on can be beneficial. These brokers can access properties that haven’t been listed yet, or are selling privately.
A Montana ranch is more than a place to hunt, fish, hike or camp. It is a place of beauty and a sense of community, and a home to the people who work on it. When that sense of community is threatened by a development that threatens the integrity of the property, it is up to local residents to stand up for their rights and fight back.
One such example is the fight to preserve the Jefferson River in West Yellowstone County. A development plan would divert water from the river and threaten wildlife habitat. Ultimately, the plan was defeated by a grassroots campaign led by MLR and supported by an influx of private funding. The victory is a testament to the power of citizens united by a common goal. You can find more about Montana Land Transactions and other issues affecting landowners on the MLR website.