All photos and/or written content produced by Gerry Khatchikian. All rights reserved and may not be reproduced or reprinted without express written permission of Gerry Khatchikian, Realtor Associate.  If you and your family are interested to buy or sell property (a home, a ranch, a vacant land or a commercial property) in Carbon County (Red Lodge, Bearcreek, Belfry, Boyd, Bridger, Edgard, Fox, Fromberg, Joliet, Luther, Roberts, Rockvale, Roscoe, Silesia, Warren, Washoe), please don't hesitate to contact me. I also serve Stillwater County (Nye, Absarokee, Columbus, Fishtail).  Phone:  406.425.3457  Email:   Gerry_Khatchikian@yahoo.com 03/24/2009

This is part two of a two part series.   To see the first part which includes an explanation of ski-joring, just click on the following link: Part 1  . This year's national finals ski-joring races in Red Lodge was a great success.   There was a lot of fun western style!   The following are some of the photos I took of the event.       All photos and/or written content produced by Gerry Khatchikian. All rights reserved and may not be reproduced or reprinted without express written permission of Gerry Khatchikian, Realtor Associate. If you and your family are interested to buy or sell property (a home, a ranch, a vacant land or a commercial property) in Carbon County (Red Lodge, Bearcreek, Belfry, Boyd, Bridger, Edgard, Fox, Fromberg, Joliet, Luther, Roberts, Rockvale, Roscoe, Silesia, Wa... 03/16/2009

Another day... another beautiful sunrise.  It's good to be here!! The following photos were taken on March 11, 2009 from 6:22am to 6:45am.     After you viewed the above photos, please be sure to also visit the following post for an inspirational quote from Elizabeth Bolton: My Morning Motivation . All photos and/or written content produced by Gerry Khatchikian. All rights reserved and may not be reproduced or reprinted without express written permission of Gerry Khatchikian, Realtor Associate.  If you and your family are interested to buy or sell property (a home, a ranch, a vacant land or a commercial property) in Carbon County (Red Lodge, Bearcreek, Belfry, Boyd, Bridger, Edgard, Fox, Fromberg, Joliet, Luther, Roberts, Rockvale, Roscoe, Silesia, Warren, Washoe), please don't hesitate... 03/13/2009

This is Part 1 of a two parts series.   The flyers are posted on the windows of the businesses on Broadway Avenue.  "The National Finals Ski-Joring Races 2009 - It's Winter Fun...Western Style".  The annual tradition of ski-joring in Red Lodge, Montana will be taking place this year on the weekend of March 14 and 15.  Admission is $5 per person. Competitions take place from 11:00am to 4:00pm each day at The Home of Champions Rodeo Grounds, west of Red Lodge on State Highway 78.  The awards ceremony will take place Sunday, March 15th, 6:00pm at Foster & Logan's Restaurant. Ski-joring originated from the Scandinavian countries where it was a form of transportation.  It has evolved into a competitive sport in the West.    Each race involves a horse and two people.   One person rides and gu... 03/07/2009

The following are pictures of Rock Creek in the winter time and in the summer time.    Rock Creek runs through Red Lodge, Montana.  During summer and fall, it is an ideal place for fly fishing.  There are plenty of wild rainbow, cut throat, brown, brook and bull trout.  All you need to do is get a fishing license and grab your fishing pole! All photos and/or written content produced by Gerry Khatchikian. All rights reserved and may not be reproduced or reprinted without express written permission of Gerry Khatchikian, Realtor Associate.  If you and your family are interested to buy or sell property (a home, a ranch, a vacant land or a commercial property) in Carbon County (Red Lodge, Bearcreek, Belfry, Boyd, Bridger, Edgard, Fox, Fromberg, Joliet, Luther, Roberts, Rockvale, Roscoe, Sile... 03/03/2009

City:       Red Lodge Type:     Residential Date:     February 28, 2009 Total inventory:             98 *   Period (Data Observed) Number of Units Sold Equivalent Yearly Sales Projection Absorption Rate Last Year 51 51   1 year 11 months Last 6 months 17 34    2 years 11 months Last quarter  4 16  6 years 2 months Last month  2 24 4 years 1 month  * Total inventory includes 13 properties with a status of "Contingent". For an explanation of absorption rate and how it is calculated, see the following post:  City of Red-Lodge Market Statistics for Residential at Year End 2008 Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property. I also have the absorption rate statistics broken down by price range for Residential and by acreage for V... 03/02/2009

City:       Red Lodge Type:     Vacant Land Date:     February 28, 2009 Total inventory:            222   Period (Data Observed) Number of Units Sold Equivalent Yearly Sales Projection Absorption Rate Last Year 37 37    18 years 6 months Last 6 months 15 30        7 years 11 months Last quarter  7 28       7 years  5 months Last month   1 12 6 years   For an explanation of absorption rate and how it is calculated, see the following post:  City of Red Lodge Market Statistics for Vacant Land at Year End 2008 Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property. I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land.   I have this data for Red Lodge as well as for the Red ... 03/02/2009

City:       Red Lodge Type:     Residential Date:     January 31, 2009 Total inventory:         95 Period (Data Observed) Number of Units Sold Equivalent Yearly Sales Projection Absorption Rate Last Year 53 53 1 year 10 months Last 6 months 22 44 2 years 2 months Last quarter   4 16 5 years 11 months Last month   0   0 N/A   For an explanation of absorption rate and how it is calculated, see last month's post:  City of Red-Lodge Market Statistics for Residential at Year End 2008 Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property. I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land.   Feel free to contact me if you are interested to get an estimate (based on the inv... 01/31/2009

  City:       Red Lodge Type:     Vacant Land Date:     January 31, 2009 Total inventory:     225   Period (Data Observed) Number of Units Sold Equivalent Yearly Sales Projection Absorption Rate Last Year 40 40 5 years 8 months Last 6 months 15 30 7 years 6 months Last quarter   8 32        7 years                     Last month   4 48 4 years 8 months   For an explanation of absorption rate and how it is calculated, see last month's post:  City of Red Lodge Market Statistics for Vacant Land at Year End 2008 Please note that the absorption rate is not a guarantee of the time it would actually take to sell a property. I also have the absorption rate statistics broken down by price range for Residential and by acreage for Vacant Land.   Feel free to contact me if you are interested to get... 01/31/2009

Chief Plenty Coups' bronze sculpture lies near the Chamber of Commerce and is located North or town, near the intersection of 3rd Street (Highway 78) and Broadway Ave (Highway 212). The following is a quote from Linderman's biography of Plenty Coups which is also shown on the permanent plaque near the monument. "The buffalo gone and freedom denied him, the Indian was visited by two equally hideous strangers, famine and tuberculosis.  He could cope with neither.  His pride broken he felt himself and outcast, a beggar in his own country.  It was now that Plenty Coups became the real leader of his people." The following is a statement that chief Plenty Coups made that reveals his greatness (it is also displayed on the permanent plaque): "All my life I have tried to learn as the chickadee ... 01/23/2009

City:       Red Lodge Type:     Vacant Land Date:     December 31, 2008 Total inventory:        222 Period                             (Data Observed) Number of Units Sold Equivalent Yearly Sales Projection Absorption Rate * Last 12 months 41 41 5 years 5 months Last 6 months 12 24 9 years 3 months Last 3 months   6 24 9 years 3 months Last month   2 24 9 years 3 months   * Explanation: The key statistic that I calculated is the absorption rate, the time it would take to sell the current total inventory at the present rate of sales.   For my calculations, I determined the present rate of sales based on data retrieved for 4 different periods (latest 12 months, 6 months, 3 months and one month sales).  Most would only look at the last month's sales to get the present rate of sales, but b... 01/01/2009

I decided to take Mirela Monte's advice from her post entitled: How Posting Easy Market Statistics For Your Area Can Garner You Valuable Leads . The key statistic that I calculated is the absorption rate, the time it would take to sell the current total inventory at the present rate of sales.   For my calculations, I determined the present rate of sales based on data retrieved for 4 different periods (latest 12 months, 6 months, 3 months and one month sales).  Most would only look at the last month's sales to get the present rate of sales, but by looking at the 4 chosen different periods, we get a better sense of the trend in recent sales and the trend in the absorption rate. If you want to learn more about the absorption rate and its importance, please read Amber Noble-Garland's post e... 12/30/2008