This is a brief video summary of the weekly Montana Land Report from Montana Land Source for the week of 11/18/2020. The Montana Land Report summarizes the week's activity in the Montana land market, as well as Montana land news and events, and goes out to over 5,000 recipients. For more information go to https://mtlandsource.com. Please like, share and subscribe.
"Hi there, Andy Rahn here from Montana Land Source with this week's video summary of the Montana Land Report for November 18, 2020.
We had 34 total property updates over the past week in Montana:
• 3 properties are back on the market,
• 14 new listings. However 5 of those are actually redundant, partial listings of larger listings. There's a new listing in eastern Montana that's 4 separate units, and it's been listed as a whole and also as four individually. We see that quite a bit, so actually only 9 true new listings. We're proud to say with our market statistics our database is sophisticated enough to sort that out. So in terms of our stats and how many listings there are total on the market we're able to sort out for redundancies. Like i said, there are actually quite a few of those where properties are listed in multiple configurations.
• 6 pending sales this week,
• 4 price changes, and
• 7 sold
So continued high numbers and health in the Montana land market in terms of volume.
Of interest this week, the Strand Ranch, which is the second largest ranch in Montana on the market right now at nearly thirty thousand acres, has been price reduced by two million dollars. That's a listing by Swan Land Company.
In news, the infamous “Dueling Dinosaurs” that were discovered in Montana in 2006, which have had extended court cases on in terms of who owned those fossils (whether it was a surface right or a mineral right, and we've been posting about in Montana Land Source), are headed to a North Carolina museum. They were purchased and donated to a museum in North Carolina. Kind of saddening and a shame that they will be leaving Montana, but good news that they will be in a museum.
Episode 10 of the Ranch Investors podcast is out, and this is a good one with Hertha Lund who is a prominent land and agriculture attorney in Montana. Most of her work is with landowners and landowner issues, so very interesting podcast discussing all kinds of issues relative to land ownership, land investment and buying and selling land in Montana. Be sure to check that out - Ranch Investor podcast. You can find it on https://mtlandsource or https://ranchinvestors.com or anywhere where you visit podcasts.
In upcoming events, there really isn't anything scheduled for quite a while with COVID-19. The brokers meetings have virtually shut down. I mentioned in prior videos, the rural real estate summit that we've been putting together in mid-winter is in question with COVID-19, as to whether we're going to have it or do it virtually online. We will keep you posted on that, but for the time being nothing actually scheduled with the COVID-19 situation just not meeting in person very much.
That is the Montana Land Report for this week. Stay safe, and we will see you next week. Thank you."