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  Guest article by Alice Hayes/Team Hayes Realtors
Real Estate in Libby, Troy & the Yaak
(1/28/2024)

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Real Estate in Libby, Troy & the Yaak - January 2024 Newsletter
Guest article by Alice L. Hayes, Team Hayes Realtors LLC (as of 1/28/2024)

Libby Real Estate news
Alice Hayes, Team Hayes Realtors

How was the Real Estate Market in 2023?

January 1, 2023 – December 31, 2023 Real Estate figures were:

153 Residential SALES: 115 Libby; 36 Troy; 2 Yaak
86 Land SALES: 44 Libby; 35 Troy; 7 Yaak
11 Commercial/Multi-Family SALES: 11 Libby

12 Residential PENDING: 9 Libby; 3 Troy
7 Land PENDING: 5 Libby; 2 Troy 3
Commercial/Multi-Family PENDING: 2 Libby; 1 Troy

90 Residential ACTIVES: 60 Libby; 26 Troy; 4 Yaak
120 Land ACTIVES: 77 in Libby; 37 in Troy; 6 in Yaak
14 Comm/Multi-Fam ACTIVES: 8 Libby; 6 Troy

2023 was an interesting year in the real estate market. Inventory of listings remained low and interest rates remained high. Listings were slowly added throughout the year, but choices remained rather limited. When you added both increasing interest rates and increasing listing prices…you saw a rather slow selling season. There is currently a ‘lull’ in the climbing interest rates, and buyers are looking forward to the potential of getting into the home of their choice, and sellers are looking forward to an easier selling process of their current real estate holdings.

Interest rates are coming down! Now could be a great time to purchase.
As of 12/31/2023 - Conforming & FHA Loans: Per Glacier Bk.
30-Year Fixed:
6.5% Strong Buyer w/Good Credit & 20% Down
15-Year Fixed:
5.85% Strong Buyer w/Good Credit & 20% Down

TEAM HAYES REALTORS LLC
Contact us for more information:
OFFICE #: 406-293-2725
Alice: 406-293-8364, alice@alicehayes.com
Jim: 406-293-1926, jim@alicehayes.com
www.teamhayesrealtors.com
417 Mineral Ave Ste 1 in the Mineral Plaza, Libby, Montana

Other Area Real Estate Agencies:
Blake Investment Properties
  100 Dewey Ave, Eureka, MT 59917, (406) 297-7773
Bull Lake Estates Realty
  Box 821, Libby, MT 59923, (406) 293-3325
DeShazer Ryan Real Estate
  PO Box 1448, Libby, MT 59923
ERA Lambros
  505 Hwy 2 West, PO Box 1484, Libby, MT
  1-800-858-3785, 406-293-7721
Irene Loveless Realty
  519 West 9th in the Libby Shopping Center, (406) 293-5969 
  or (406) 293-2725 or (800) 749-9507
Kootenai River Realty
  515 Mineral Avenue, Libby, MT 59923, Phone (406) 293-9939
  www.kootenairiverrealty.com
Molly Montana Real Estate
  Troy: 302 E. Missoula Ave. 406-295-4400, 1-877-731-7032
MontanaJohn
   519 West 9th in the Libby Shopping Center, (800) 749-9507 
   or (406) 293-3801,  Mobile: (406)-283-1138
Nicely-Dunn Real Estate
   PO Box 1230, Troy, MT 59935, 1-877-244-4600, 406-295-4600
Northwest Montana Real Estate - Dave Cox
  202 S 7th, Troy, MT 59935
  1-800-929-9885 or 406-295-1314 (home)
Northwest Waterfront Real Estate
  206 S. 5th, Hamilton, MT 59840
  1-877-556-7653
Realteam Real Estate
  27744 Yaak River Road, Troy, MT, 406-295-5463
Templin Realty
  Troy, Montana, 59935, (406) 295-4183
Tobacco Plains Realty
  PO Box 1157, Eureka, Montana 59917, (406) 889-3571

Real Estate Appraisers:
Skaggs Appraisal Services
  PO Box 453, Libby, MT 59923
  Phone: 406-293-7870 (Office), Fax: 406-293-7895

Home Inspectors:
BJCC Inspections
  2000 Kirby Trail, PO 155, Trego, MT 59934
  Phone: 406-882-4825, Toll free 1-877-248-6006

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Libby Town Map
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