406-442-1736

Q3 Newsletter

Helena area market stats

Q3 Newsletter

Helena area market stats

2023, Q3 Real estate Newsletter

TO READ THE FULL DOCUMENT CLICK THE BUTTON BELOW

As inflation slows, there appears to be a small amount of cooling in the demand for goods across the nation, however, we continued to have one of the best years in our local market. This is not uncommon for Montana to lag the national trends, but there still appears to be many people that are still looking to commercial real estate as an investment vehicle. The non-traditional lending and opportunities are doing the lion share of he getting the most done in the market and there continues to be additional support and signs that the Federal Reserve may slow on their aggressive increase in interest rates.

RESILIENCE OF HELENA MONTANA

Despite these inflationary pressures, Helena, Montana, has demonstrated economic resilience. This resilience could be attributed to various factors like the government as the primary employer, effective fiscal policies and slow to appreciate market and other regional economic strengths like the migration rate continues to help Helena withstand the broader economic challenges better than some other areas.

TRENDS IN CONSTRUCTION

Helena is still seeing increases to the demand and construction that continues. There are several large projects that are currently being started and 4 new national credit restaurants that are moving to the area.

Jersey Mike’s    |    Chick Fil A    |    Chipotle
And another that I am not sure if I can disclose yet…

CONSUMER PRICE INDEX (CPI) GROWTH

Over the one-year period from September 2022 to September 2023, the Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, increased by 3.7%. This percentage indicates a notable rise in the general price level of goods and services, reflecting inflationary trends in the economy. But this is far lower than from 2021 to 2022 and indicates a slowing of growth.

Interested in buying an investment in Helena?​