Don Bowen, Broker/Owner of Arrow Real Estate in Ennis, reports that 2011 has been a banner year for Arrow Real Estate, with year-to-date sales volume of over $12,000,000 for the office, and still another month to go. Bowen gives credit for their success to their loyal clients and supporters, stating, “Most of our listings and sales are from referrals and repeat customers. We really appreciate their continuing faith in us.”
Most of their sales this year have been residential properties with fewer land sales than in previous years, other than one large ranch sale. Existing homes are a great value when the cost to reproduce them is so much higher than current home prices. There are more distressed properties on the market than ever before in the Madison Valley, but they offer great opportunities for entry-level buyers who have been priced out of the real estate market for many years. “Over 90% of our sales this year have been all cash transactions plus a few with owner financing. Buyers have cash and want to take advantage of the high inventory and good bargains,” says Bowen.
The commercial market in general has been stalled due to the economy, with fewer new businesses opening up and some closing their doors. However, Arrow Real Estate was responsible for the successful reopening of one of the most prominent businesses in Ennis. Restvedt’s Meats is now Deemo’s Meats, thanks to Don Bowen’s extensive background in commercial real estate and his expert negotiations with all parties. Once again, this landmark is serving the community and visitors as well with quality meat products and game processing.
The Property Management business is also booming and many renters are turning into buyers. Jay Willett and Karen Swedman Willett, both Broker Associates with Arrow Real Estate also own Apex Management, handling long-term and vacation rentals throughout the valley. They are finding that once people experience the valley as vacation renters, they decide to purchase. This is a new and successful pipeline to expanding real estate sales in the valley.
Toni Bowen wins the distinction as #1 Realtor in the area with her sales this year of the Hollowtop Ranch in Pony and a landmark property in South Meadow Creek, along with numerous other transactions. The entire Arrow Team enjoyed a very successful year as a result of their hard work, diligence and customer service. “It’s nice to see our efforts pay off,” says Bowen, “especially when we can help our clients achieve their goals, whether selling or buying their Montana Dream.” 
One of the premier properties sold by Arrow Real Estate in 2011
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