Montana’s Big Recreation Ranches a Hot Sale Item

The market for large recreation properties in Montana has been active this year, according to one real estate firm. “This market is hot,” said Dave Johnson, a partner in Hall & Hall real estate in Bozeman. “There’s a lot of action.” So far this year, Johnson said Montana has seen six sales of properties valued at $15 million or more. Among the big sales Hall & Hall has overseen is the 10,600-acre Chimney Rock Ranch west of Big Timber along Lower Deer Creek for $17.5 million and the Willow Creek Ranch west of Livingston, where more than 18,000 acres sold for $22.5 million. Johnson said the recent sales are a sign of buyers’ increased confidence in the U.S. economy. He noted that some of the properties had been on the market for years with no offers...more