{"id":338,"date":"2021-08-12T01:30:24","date_gmt":"2021-08-12T01:30:24","guid":{"rendered":"https:\/\/westernranchbrokers.com\/?p=338"},"modified":"2024-04-18T19:24:34","modified_gmt":"2024-04-18T19:24:34","slug":"market-update-q2-2021","status":"publish","type":"post","link":"https:\/\/westernranchbrokers.com\/market-update-q2-2021\/","title":{"rendered":"Market Update Q2 2021"},"content":{"rendered":"<h1>Market Update for Q2 of 2021<\/h1>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone\" src=\"\/wp-content\/uploads\/2021\/08\/BrianGrossenbacher-5154.jpg\" alt=\"Fence and windmill at dusk on a Montana ranch\" width=\"2000\" height=\"1333\" \/><\/p>\n<p>After a busy first quarter, the second quarter of 2021 was equally as active for the Montana farm and ranch property market. Andy Rahn from <span style=\"text-decoration: underline;\"><a href=\"http:\/\/https\/\/mtlandsource.com\/what-montana-land-source\" target=\"_blank\" rel=\"noopener\">Montana Land Source,<\/a><\/span>\u00a0the source for all land listings on the Montana land market, made a few comments regarding the continued trends of the market so far:<\/p>\n<p>&#8220;If you remember from previous reports and videos for\u00a0the\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/mtlandsource.com\/video\/montana-land-source-videos\" target=\"_blank\" rel=\"noopener\">first half of 2021<\/a><\/span>, we saw more properties leaving the market week after week than coming on the market. About mid year, the land market has responded and supply is starting to match or catch up with demand. We&#8217;re\u00a0still under supplied and still have incredibly high demand for properties in Montana so we are still in that environment. Again, this level of sales and pending sales is very strong and very healthy. So just continuing on with this incredible, very robust market.&#8221;<\/p>\n<p dir=\"ltr\">On trend with the highly active Montana market, Western Ranch Brokers had a record breaking second quarter that included\u00a0closing transactions of the following properties:<\/p>\n<ul>\n<li><a href=\"https:\/\/westernranchbrokers.com\/listings\/horsethief-basin-ranch\/\" target=\"_blank\" rel=\"noopener\"><strong>Horsethief Basin Ranch<\/strong><\/a>\u00a0| 7,000\u00b1 ac\u00a0| Lewistown, MT | Represented Sellers<\/li>\n<li><a href=\"https:\/\/westernranchbrokers.com\/listings\/rockin-jn-ranch\/\" target=\"_blank\" rel=\"noopener\"><strong>Rockin JN<\/strong><\/a>\u00a0| 545\u00b1 ac | Sula, MT | Represented Sellers<\/li>\n<li><a href=\"https:\/\/westernranchbrokers.com\/listings\/hanover-homestead\/\" target=\"_blank\" rel=\"noopener\"><strong>Hanover Homestead<\/strong>\u00a0<\/a>| 475\u00b1\u00a0ac | Lewistown, MT | Represented Buyers and Sellers<\/li>\n<li><a href=\"https:\/\/westernranchbrokers.com\/listings\/gang-ranch-east\/\" target=\"_blank\" rel=\"noopener\"><strong>Gang Ranch East<\/strong><\/a>\u00a0| 3,040\u00b1 ac | Rapelje, MT | Represented Buyers and Sellers<\/li>\n<li><a href=\"https:\/\/westernranchbrokers.com\/listings\/mcdonald-creek-vistas-ii\/\" target=\"_blank\" rel=\"noopener\"><strong>McDonald Creek Vistas<\/strong>\u00a0<\/a>| 683\u00b1 ac | Lewistown, MT | Represented Sellers<\/li>\n<li><a href=\"https:\/\/westernranchbrokers.com\/listings\/bitterroot-hunting-timber-retreat-unit-1-and-2\/\" target=\"_blank\" rel=\"noopener\"><strong>Bitterroot\u00a0Hunting and Timber Retreat<\/strong>\u00a0<\/a>| Florence, MT | 10,806\u00b1 ac | Represented Sellers<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"\/wp-content\/uploads\/2021\/08\/BGrossenbacher-0933.jpg\" alt=\"Sunset reflecting in winding river on a Montana ranch\" width=\"2000\" height=\"1124\" \/><\/p>\n<p>Western Ranch Brokers was equally as busy bringing new properties onto the market, including:<\/p>\n<ul>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/milligan-canyon-ranch\/\" target=\"_blank\" rel=\"noopener\">Milligan Canyon Ranch<\/a>\u00a0|\u00a0<\/strong>Three Forks, MT | 11,118\u00b1 ac | $18,500,000<\/li>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/basin-ranch\/\" target=\"_blank\" rel=\"noopener\">Basin Ranch<\/a><\/strong>\u00a0| Billings, MT | 10,361\u00b1 ac | $7,950,000<\/li>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/bitterrroot-overlook-on-eight-mile-creek\/\" target=\"_blank\" rel=\"noopener\">Bitterroot Overlook\u00a0at Eight Mile Creek<\/a>\u00a0<\/strong>| Florence, MT | 736\u00b1 ac | $6,500,000<\/li>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/razor-creek-ranch\/\" target=\"_blank\" rel=\"noopener\">Razor Creek Ranch<\/a>\u00a0<\/strong>| Shepherd, MT | 5,851\u00b1 ac | $2,950,000<\/li>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/the-retreat-on-eight-mile-creek-road\/\" target=\"_blank\" rel=\"noopener\">The Retreat on Eight Mile Creek<\/a>\u00a0<\/strong>| Florence, MT | 256\u00b1 ac | $2,250,000<\/li>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/big-hole-braids\/\" target=\"_blank\" rel=\"noopener\">Big Hole Braids<\/a><\/strong>\u00a0| Wise River, MT | 122\u00b1 ac | $1,300,000<\/li>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/westernranchbrokers.com\/listings\/flint-creek\/\" target=\"_blank\" rel=\"noopener\">Flint Creek<\/a>\u00a0<\/strong>| Hall, MT | 20\u00b1 ac |$435,000<\/li>\n<\/ul>\n<p style=\"text-align: left;\">As we slip into the second half of the summer, it has never been a better time to bring your property onto the market. When it comes time to pass on your ranch&#8217;s ownership, the Western Ranch Brokers team combines look-you-in-the-eye integrity and boots-on-the-ground knowledge with forward thinking\u00a0marketing tools and highly qualified buyers.<\/p>\n<p data-line-height=\"s\"><a href=\"https:\/\/westernranchbrokers.com\/contact-us\/\"><img decoding=\"async\" class=\"aligncenter wp-image-5258 size-full\" src=\"https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa.jpg\" alt=\"Western Ranch Brokers contact information\" width=\"2350\" height=\"418\" srcset=\"https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa.jpg 2350w, https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa-300x53.jpg 300w, https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa-1024x182.jpg 1024w, https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa-768x137.jpg 768w, https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa-1536x273.jpg 1536w, https:\/\/westernranchbrokers.com\/wp-content\/uploads\/2022\/08\/blog-footer-3-outlinesa-2048x364.jpg 2048w\" sizes=\"(max-width: 2350px) 100vw, 2350px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Needless to say, Montana ranch properties continue to be in high demand. Earlier this month, ranch appraiser Andy Rahn from Montana Land Source shared his annual\u00a02020 Montana Land Market Values &#038; Statistics\u00a0with the Montana Farm &#038; Ranch Brokers Association.<\/p>\n","protected":false},"author":1,"featured_media":341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[11],"tags":[12,13,14,15,16],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Update Q2 2021 - Western Ranch Brokers<\/title>\n<meta name=\"description\" content=\"As noted by Rahn in his recent market update presentation, Montana properties with at least 200 acres experienced several increases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/westernranchbrokers.com\/market-update-q2-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Update Q2 2021 - 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