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During the month of February 2012 there were 20 new residential listings in and around the Black Hawk area. The total number of homes for sale was 90 compared to 81 last month. 10 homes have sold compared to 6 in January.
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During the month of February 2012 there were 75 new residential listings in Rapid City. The total number of homes for sale was 306 as compared to 286 last month. 37 homes have sold compared to 40 in January.
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Rapid City and Surrounding Area
The average price of a single family home sold in the Rapid City area is $181,367 which is up from $178,570, with an average of 92 days on the market, up from 89 days this time last year. Sellers have been receiving 97.31% of current listing price which is up from 96.31% in February 2011.
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Rapid City real estate market holding its own in January 2012.
Usually, everyone is indoors. It's cold outside. January seems to me to be the coldest month of the year. But this year, with unusually moderate temperatures, I think brought a great start to real estate in Rapid City!
With the average single family home price up from $154,505 in January of 2011 to $195,903 in January this year, you can't complain about too much. (Unless you are a buyer looking for a steal...)
Except the inventory. More good stuff is needed...especially in the $130,000 to $200,000 sweet spot.
Granted, a good problem to have considering other parts of the nation.

See the full report of the January 2012 rapid city real estate report on my website!
Things are busy! Looking to keep things rolling through 2012!
- Tristan
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Sculptors Needed in Rapid City
Calling artists and sculptors from around the world: Rapid City has a few granite boulders in need of a facelift! The Rapid City Arts Council and Destination Rapid City just announced an international search for sculptors to participate in creating 21 pieces for a public art site near Main Street Square in downtown Rapid City. This is an exciting proposition to design and create public artwork!
Curator for the Rapid City Arts Council, Mary Maxon, announced that the sculptors would have the opportunity to add to an already famous collection of sculptures in the area. Sculptors should be inspired by the great sculptures, like Mount Rushmore, and the many natural wonders around Rapid City including Jewel Cave, Devil’s Tower, and the Needles. The selection process will require sculptors to submit a letter of intent, background, and experience by April 17th. The sculptors will be working on-site throughout the next 3-5 years. Apply online today!
If you know a sculptor, or are a sculptor, check out this wonderful opportunity. Rapid City has so many amazing works of art. These granite boulder sculptures will find a home along side downtown’s presidents, Hunkayapi, and Dinosaur Park. It also has breathtaking views, great local businesses, and fun activities. It should be on anyone’s destination list!
Sculptors Needed in Rapid City
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