Taking another look at the real estate market in Helena

HELENA – Anyone who’s trying to buy a house or has stayed on Zillow for a long time knows that prices are high in Helena. MTN asked the experts who said there was a good reason for this.

“Cheaper cost of living compared to Bozeman and Missoula, but the quality of life in those markets was also not so good where people can’t live near the hiking trails,” Realtor and Housing Appraiser Tyler Warne told MTN. “Because these prices are very, very high. It’s not a statistic that I can track just by doing reviews and talking to people I meet. “

People want to come to the capital and that means high prices and low stocks. The activity is not limited to residential real estate.

“There has been a lot more activity in the commercial space over the last year, so some more commercial deals,” added Warne Property. There were and are also some businesses that were up for sale. “

WEB Extra: Helena Housing Commercial Real Estate

Tyler told me that the list of reasons for selling businesses is complex, ranging from retirement to difficulty finding work to rising rents and housing costs. But without looking into a crystal ball, Tyler said apartment prices in Helena won’t go up forever.

“We need a really big increase in homes, about 200 more units listed in the greater Helena area,” said Warne. “If we have 200 more houses on the market than we currently have that no people live in, then we could see property prices stagnate or stabilize. And at some point that will happen because prices are falling.” too high and then they can only afford 10 percent of the market and that increases the inventory. “