The Annual Community Report

Barb Rooney, August 29, 2014

Gross Domestic Product

19951997

19992001

20032005

20072009

20112013

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

4.95.7

6.35.6

6.36.5

3.33.3

4.8

6.66.75.8

4.5

1.7

-2.0

3.83.74.2

3.7

Percentage of Change

Source: U.S Department of Commerce, Bureau of Economic Analysis

Consumer Price Index

20002002

20042006

20082010

20122014

-1

0

1

2

3

4

5

3.4

2.8

1.6

2.32.7

3.43.22.8

3.8

-0.4

1.6

3.2

2.1

1.52

Percentage of Change

Source: U.S Department of Labor & U.S. Congressional Budget Office2014 Percentage Jan – July, Nominal GDP based on actual prices

USA Unemployment - July 6.2%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec0.0

2.0

4.0

6.0

8.0

10.0

12.0

20042005200620072008200920102011201220132014

Bureau of Labor Statistics / US Department of Labor

Montana Unemployment 4.4%Down from 4.8% in 2013 (July, 2014 Data)

Big Sky Water & Sewer District SFE Permits Issued

1996199719981999200020012002200320042005200620072008200920102011201220132014

0

50

100

150

200

250

300

350

400

58

131

296

80 91

157123

92

304 302344

97

39 24 13 27 3274

104

Net Single Family Equivalent (SFE) 2 SFE = 1 Household

Provided by Big Sky County Water & Sewer District No. 3632014 Partial Year through August, SFE = Single Family EquivalentAverage Household in Big Sky is 2 SFE’s

Northwestern Energy New Electric Meters

19971999

20012003

20052007

20092011

20130

50

100

150

200

250

300

350

400

450

227225200

155180

223200

249

383

297

181

89

30 23 21 2344 42

New Meters Greater Big Sky

Total Meters in Big Sky – 3480 Provided by Northwestern Energy 2014 Partial Year through August, (19 + 23 pending)

Big Sky CommunityResort Tax Dollars

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$0

$2,000,000

$4,000,000

$1,6

89,7

94$1

,884

,779

$2,0

57,6

05$2

,310

,385

$2,5

88,6

18$2

,685

,990

$2,3

01,7

36$2

,202

,532

$2,6

79,8

07$2

,779

,769

$3,0

16,0

28$3

,679

,188

Tax Dollars

Provided by Big Sky Resort Area Tax District (Fiscal Year July 1 – June 30)

Ophir School Student Enrollments, K-8

1997-98

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-140

50

100

150

200

250

80 86 92 97 104105106121

142153175169162170166

191215

Number of Students , K-8

High School Enrollment: 20 Students 09/10, 23 in 10/11, 49 in 11/12

Big Sky School DistrictK-4, 5 – 8, LPHS & Total

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-150

50

100

150

200

250

300

350

176 178 164200

216

273

311

Students by Age GroupK-5, 6-8, LPHS & Total

2014, categories changed from K-4 & 5-8, To K-5 & 6-8

Big Sky Resort Number of Employees

20002001

20022003

20042005

20062007

20082009

20102011

20122013

2014500

700

900

1100

1300

1500

1700

688815 782 787 799

874 889 9271027982

886964 980

1016

1462

Employees

USA Skier Visits

1992

/93

1993

/94

1994

/95

1995

/96

1996

/97

1997

/98

1998

/99

1999

/00

2000

/01

2001

/02

2002

/03

2003

/04

2004

/05

2005

/06

2006

/07

2007

/08

2008

/09

2009

/10

2010

/11

2011

/12

2012

/13

2013

/14

51.052.053.054.055.056.057.058.059.060.061.0

Skier/Rider Visits in millions

Provided by National Ski Areas Association

Big Sky Resort Skier Visits

200,000

250,000

300,000

350,000

400,000

450,000

500,000Big Sky

Tram 95/96, MLB 02/03, Interconnect 05/06)

Big Sky Real Estate Mid-Year Update

Robyn Erlenbush, Broker/Owner, ERA Landmark Real EstateRobyn@ERALandmark.com

Data Source: SWMT MLS 7/7/2014© 2014 ERA Landmark Real Estate Area 5 - Gallatin Canyon-Big Sky

Single Family7/28/2014

List PriceHigh

List Price Low

List PriceAverage

List PriceMedian

113 Active Units $21,500,000 $159,900 $2,211,715 $888,000

10

10

20

30

40

50

60

70

80

90

100

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

27 38 52

37%

2012 2013 2014

Single Family Sales UnitsComparing June '13 to June '14

250,000

300,000

350,000

400,000

450,000

500,000

550,000

600,000

650,000

700,000

750,000

800,000

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

825,

000

499,

500

578,

500

16%

2012 2013 2014

Single Family Median Sales PriceComparing June '13 to June '14

Big Sky Real Estate Mid-Year Update

Robyn Erlenbush, Broker/Owner, ERA Landmark Real EstateRobyn@ERALandmark.com

Data Source: SWMT MLS 7/7/2014© 2014 ERA Landmark Real Estate Area 5 - Gallatin Canyon-Big Sky

Condo/Townhouse7/28/2014

List PriceHigh

List Price Low

List PriceAverage

List PriceMedian

147 Active Units $2,100,000 $38,000 $506,098 $374,900

10

10

20

30

40

50

60

70

80

90

100

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

60 66 72

9%

2012 2013 2014

Condo/Townhouse Sales UnitsComparing June '13 to June '14

1 -

50,000

100,000

150,000

200,000

250,000

300,000

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

171,

375

215,

250

305,

000

42%

2012 2013 2014

Condo/Townhouse Median Sales PriceComparing June '13 to June '14

Big Sky Real Estate Mid-Year Update

Robyn Erlenbush, Broker/Owner, ERA Landmark Real EstateRobyn@ERALandmark.com

Data Source: SWMT MLS 7/7/2014© 2014 ERA Landmark Real Estate Area 5 - Gallatin Canyon-Big Sky

Vacant Land7/28/2014

List PriceHigh

List Price Low

List PriceAverage

List PriceMedian

232 Active Units $17,500,000 $25,000 $765,830 $375,000

0

10

20

30

40

50

60

70

80

90

100

-35.0%

-30.0%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

15 45 31

-31%

2012 2013 2014

Vacant Land Sales UnitsComparing June '13 to June '14

-

50,000

100,000

150,000

200,000

250,000

300,000

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

140,

000

125,

000

230,

000

84%

2012 2013 2014

Vacant Land Median Sales PriceComparing June '13 to June '14

New LaGuardia DeltaNew Houston United

New Seattle Delta

14 Non-Stop Cities Summer, 12 Cities Winter

Gallatin Field Enplanements

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000 Number of Enplanements (on & off)

Provided by MT Dept of Transportation Aeronautics DivisionEnplanements are currently up 8.2% from last year through July ‘14

EnplanementsSummer 2008-2013

Enplanements Winter 2008-2014

SP & MLB Integration Big Sky Resort = 5,800 Acres 4,350 Vertical 29 Lifts

207 Acres - SP 1900 Acres - MB

New Terrain – Glading50 New Acres – 5800 Total

The Pinnacle 2.0December 2014

The Powerful Big Sky Resort Brands

https://vimeo.com/104630926