On Thursday, property appraisers in Montana, Idaho and Wyoming will begin releasing their appraisal reports to the public for the first time in years.
In a state where homeowners pay nearly $40,000 per year to property managers, the reports offer a glimpse into what it’s like to buy and own a home in a different state.
While the process has been a long time coming, it’s a major step toward opening up Montana’s market to a broader variety of homebuyers.
The Montana Property Appraiser’s website includes a number of information, including: The price of the home, the number of bedrooms, bathrooms and a variety of other amenities.
An overview of the current market in the state and a breakdown of the properties owned by different buyers.
How much a home has been worth since it was purchased.
The value of the homes listed for sale.
What’s a “market” and how it is defined.
When and how much interest the appraiser is likely to offer.
Where it is located.
And what it means for the average home price in Montana.
The Montana Real Estate Association, the state’s real estate association, has also released a guide for homebuyer types, such as first-time buyers and retirees, and a summary of property types in Montana that are not considered a “real estate market” by the state.
In a statement, the association said the data will be released to the media in the coming weeks.
“We know the Montana Real Property Apprisers are very busy with work and this will help them continue to be able to provide accurate information to the Montana community,” the statement said.
“While it may not be ideal to see these reports released as a single release, it gives us the opportunity to get to the bottom of what it is like to own a house in Montana and how a home price has been changing over time,” said Mark Dank, the director of the Real Estate Board of Montana.
“This data will allow us to better understand how the market is changing and will help us better communicate with property managers in the future.”
The new report also offers insight into the value of homes, noting that a home worth $150,000 would be worth $8,200 today.
According to the agency’s website, Montana has an average home value of $2,100.
A home worth more than $2 million would be valued at $1.8 million today.
As for the number, the new reports show a range of properties, from three bedrooms in the North Fork to two-bedroom homes in the Black Hills.
At $8.2 million, the Pinellas and Boise properties would be the priciest properties in the entire state.
The report also showed a range for homes valued between $600,000 and $1 million, with the Pinello properties at the bottom, with prices of $400,000 to $600.