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Rapid City, SD

Rapid City, SD Market Report - March 2009

Tristan Emond, Rapid City Home Specialist: Real Estate Agent in Rapid City, SD

Well, it's been a struggle to get to homes much less look at any with a blizzard a week for 3 weeks that shut down the city along with no travel advisories. So we were stuck at home one day and then spent hours shoveling the next. Everyone I have talked to is ready for Spring!!

As you can see from the graphs below, the trend is down some. I could blame lots of things and events, but it is as you see it.

March 2009 total residential

Single Family Homes

March 2009 single family stats

March 2009 Single Family Averages

New Construction

March 2009 New Construction Stats

March 2009 new construction averages

(As of 4/1/09. This representation is based in whole or in part on data supplied by the Black Hills Association of REALTORS® or its Multiple Listing Service for the periods as shown. Neither the Association nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.)

However - we did have a home show the end of March and had some very good and surprising results. Usually, you have to be pretty pro-active to even catch people's eyes to talk with them. This year, I had a number of people come up to me and talk about buying or selling - even to the point of getting names and phone numbers. Other agents that worked at the booth had similar experiences. We've also had some great activity lately, so it will be interesting to see what happens in April as the snow melts (hopefully..) and the sun shines.

Take care!

- Tristan

Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com

Rapid City and the Black Hills of South Dakota Market Activity - April 04, 2009

Randy Eide, Black Hills, SD: Real Estate Agent in Rapid City, SD

For several years I have been doing this analysis on a weekly basis to determine market conditions. My full report has more details on it. It is really helpful to determine what price ranges buyers are looking at. I also compare activity for this year with the past several years. If you would like to see a copy of the complete report, or would like for me to help explain how to read this info, just send me a note. I'd be happy to help!

PRICE RANGE ACTIVE PENDING TOTAL %PENDING
$1-$79,999 23 12 35 34.29
$80,000-$99,999 38 9 47 19.15
$100,000-$119,999 54 9 63 14.29
$120,000-$139,999 93 32 125 25.60
$140,000-$159,999 96 24 120 20.00
$160,000-$179,999 124 23 147 15.65
$180,000-$199,999 96 19 115 16.52
$200,000-$224,999 70 15 85 17.65
$225,000-$249,999 81 22 103 21.36
$250,000-$274,999 47 12 59 20.34
$275,000-$299,999 34 8 42 19.05
$300,000-$349,999 29 7 36 19.44
$350,000-$399,999 38 6 44 13.64
$400,000-$499,999 28 5 33 15.15
$500,000-$599,999 16 1 17 5.88
$600,000 + 38 5 43 11.63
TOTAL 905 209 1114 18.76

It's Spring! No, wait! I guess still winter...

Tristan Emond, Rapid City Home Specialist: Real Estate Agent in Rapid City, SD

Yesterday was the day of all days. 72 degrees. I took the kids to the park and we played baseball. I washed the van. We sat out on the deck and put our feet on the table. (which resulted in making the legs go to sleep, but still...) We even tried to roast marshmallows. It was hard to really think about doing much of anything but simply enjoying the day.

Fast forward to today. We sent the kids out the the curb this morning for school. We knew there was a blizzard warning. It was supposed to start really snowing at noon. So, we're thinking, half day of school, right? It was raining and spitting, but certainly not a big deal. I mean, in Minnesota, when I was going to school, they didn't close down unless you couldn't see your hand in front of your face. Anyway, they come running back in yelling at us to check online to see if things have closed since no one else was at the bus stop. (At least some parents are smart.) They closed school down due to the imminent blizzard. Sure we're talking up to 10 inches today with more accumulations tonight, but come on now...

But now, as I am at home looking out the window (spending the night at the office did not sound fun to me) it is finally starting to look blizzardy (new word for the day). The winds are going to be gusting up to 50 miles per hour, so we got a live one! Here it is:

Weather in South Dakota

You never would have thought, even last night at 9:00, that there was gonna be a blizzard the next day.

Amazing South Dakota weather...

- Tristan

Rapid City and the Black Hills of South Dakota Market Activity - February 06, 2009

Randy Eide, Black Hills, SD: Real Estate Agent in Rapid City, SD

For several years I have been doing this analysis on a weekly basis to determine market conditions. My full report has more details on it. It is really helpful to determine what price ranges buyers are looking at. I also compare activity for this year with the past several years. If you would like to see a copy of the complete report, or would like for me to help explain how to read this info, just send me a note. I'd be happy to help!

PRICE RANGE ACTIVE PENDING
$1-$79,999 27 12
$80,000-$99,999 35 9
$100,000-$119,999 47 13
$120,000-$139,999 88 27
$140,000-$159,999 95 19
$160,000-$179,999 126 18
$180,000-$199,999 88 16
$200,000-$224,999 74 7
$225,000-$249,999 93 12
$250,000-$274,999 45 5
$275,000-$299,999 37 5
$300,000-$349,999 36 6
$350,000-$399,999 35 4
$400,000-$499,999 21 7
$500,000-$599,999 14 1
$600,000 + 35 1
TOTAL 896 162

Isn't this what you did when you were a kid?

Tristan Emond, Rapid City Home Specialist: Real Estate Agent in Rapid City, SD

Gotta love technology.

So my kids have discovered a game online that even my 6 and 7 year old have gotten into. But just playing the game is not good enough. They play the game while talking over the internet to each other.

Emily with the headset on

We've got a great program called Skype which is not only free, but allows you to talk to someone else for free. My oldest, Michael, started it all when he stared calling his friend from school over Skpe and they talk while playing their computer games. So then Isaiah and Emily got this great idea of talking to each other while playing their Wizard 101 game. One will get on my computer upstairs and the other will be on the computer in the kid's room downstairs and they will talk to each other while they are in this virtual world. "Hey, Emily, I just did this!" "Isaiah, where are you?" "Ha, ha! I got this thing." (sorry, haven't listened enough to get the correct jargon for you)

I admit I somewhat helped the process along. (hey - I think it's cool. I remember playing games on Dad's Apple IIplus with my neighbor - on one of those great green colored screens - that consisted running around a single screen to get all the boxes and escape before the stick men could get you) I created accounts on each computer and brought home a headset from the office I wasn't using. But now at least I can sleep in a little longer on Saturday mornings (you know - past 7:00) instead of hearing:

bump, bump, bump, BUMP. (down the stairs) "EMILY! WHERE ARE YOU? OK!" bump, bump, bump, bump. (back up the stairs) And then repeat at least 2 or 3 times before either Sarah or I manage to get up and tell them to quit playing so we can sleep...

And now I'm trying to figure out how to really relate this to real estate in South Dakota (hey - had to get my SEO tags in the blog somewhere!), but I can't really other than to say: Home ownership is great. Interest rates are great. Give me a call to see how I can help.

Until next time,

Tristan Emond
Prudential Kahler REALTORS
Rapid City, SD