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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 | 22 | 12 |
| $80,000-$99,999 | 33 | 6 |
| $100,000-$119,999 | 50 | 9 |
| $120,000-$139,999 | 93 | 14 |
| $140,000-$159,999 | 91 | 17 |
| $160,000-$179,999 | 131 | 10 |
| $180,000-$199,999 | 94 | 9 |
| $200,000-$224,999 | 80 | 8 |
| $225,000-$249,999 | 93 | 8 |
| $250,000-$274,999 | 45 | 4 |
| $275,000-$299,999 | 38 | 2 |
| $300,000-$349,999 | 35 | 5 |
| $350,000-$399,999 | 31 | 4 |
| $400,000-$499,999 | 24 | 4 |
| $500,000-$599,999 | 10 | 1 |
| $600,000 + | 35 | 1 |
| TOTAL | 905 | 114 |
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We here in South Dakota have been really blessed this year to see a continuation of normal real estate activities - still working for actual sellers (not just banks and corporations) and buyers. The last year showed a decrease in the actual number of units sold, but the average sold price did increase from year 2007.

The total number of active listings is up, sales were down this year compared to last, but the average days on market remained relatively stable.


The single family home sales mirrored the total residential - less sold in 2008 with the average active price being lower, but the average sales price of single family homes did INCREASE from year 2007 to 2008.
New construction homes information was similar as well. There were 276 sales in 2008 (down from 345 in 2007) and days on market remained at 118. The average sold prices on new construction homes also increased from $209,058 to $225,320.
{This information was supplied by the Black Hills Association of REALTORS(R). It shows the activity on the MLS in Rapid City and surrounding areas.}
It's been a great year in 2008 and we are all looking forward to an active 2009 as well! ;)
- Tristan
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So we bought a new home recently. I have been working real estate long enough for the banks to say, "Yeah, you're good." It's been great. We were all in a doublewide mobile home for 10 years - not a lot of room to find a break with the open kitchen/living room being the main activity area for me, my wife, 4 kids, the TV, and the computer. So the space in our 2,000 square foot split level has been wonderful. We even have a room downstairs designated as the "toy room." Sometimes it's so quiet upstairs we wonder what the kids are doing....
One of the joys that I experienced recently is a wonderful holiday activity known as stringing up the lights. I've never been able to do a whole lot with exterior lights, (mostly due to the fact that a 3' strand of icicle lights runs you $15. You do the math...) So when I get a box of Dad's miscellaneous Christmas lights that he is not going to use, a (yes, I'm gonna say it) light bulb went off in my head.
So Sunday was a nice balmy 45 degrees here in Rapid City - so it was time to get those bad boys up, cause I wasn't gonna do it in 20 degree weather plus wind chill. As I am sorting through this box of jumbled Christmas lights and trying to come up with a plan to not use every outlet in the house while still putting up something that looks good (if you can't put ‘em up and have them look good and organized - don't do it :), my mind remembers back to a song I heard when I was a kid. It was a parody on the 12 days of Christmas. One of the lines of the song was "Stringing up the lights", which, of course, started out merry by this guy singing the song because, hey - it's a happy occasion. But as each stanza went by up to the 12th joy of Christmas, his voice got unhappier, frustrated, and more and more angry until he is literally yelling "STRINGING UP THE LIGHTS". Finally, on the last stanza, all you hear is a mess of noise as the man is throwing the ladder around, crashing light bulbs and basically relieving his frustration as only we guys can do best.
So I'm thinking that won't be me, la-la-la-la-la. But as things got going..."oh these are all icicle lights, not string lights...this plug in doesn't fit into this one to make it all into one plug...do we even have and extension cord?...come on, staple, get into the wood...they were all working when I plugged them in at first!!!!" I began to understand the true feeling behind that ladder crashing to the pavement...
But they are up. And I did it all that afternoon. And there really is a pride in driving by my house (hey- nothing fancy, but mine - er, ours...sorry, honey) lit up with Christmas lights.
It's cool. It's something I would like to help more buyers feel and experience.
May your life be happy.
Tristan
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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 | 35 | 6 |
| $80,000-$99,999 | 38 | 3 |
| $100,000-$119,999 | 65 | 14 |
| $120,000-$139,999 | 85 | 12 |
| $140,000-$159,999 | 91 | 15 |
| $160,000-$179,999 | 123 | 8 |
| $180,000-$199,999 | 102 | 14 |
| $200,000-$224,999 | 98 | 12 |
| $225,000-$249,999 | 89 | 12 |
| $250,000-$274,999 | 39 | 6 |
| $275,000-$299,999 | 37 | 5 |
| $300,000-$349,999 | 39 | 5 |
| $350,000-$399,999 | 35 | 5 |
| $400,000-$499,999 | 28 | 1 |
| $500,000-$599,999 | 12 | 1 |
| $600,000 + | 40 | 2 |
| TOTAL | 956 | 121 |
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Large two-story home located just above the heart of Rapid City in a quiet cul-de-sac. Built in 2001, with a one of a kind view from the large covered front porch. A peaceful backyard setting in the pines with a perfect spot for your hot tub, barbecue grill or both. The master suite with a large on-suite bath and a HUGE walk-in closet. This home has a nearly 3000 finished square feet, a home office, a three car garage, and a covered back deck perfect for entertaing on those summer nights. There is no need to bring your paint brush as the exterior of this home is mantenance free. LOTS OF STORAGE! Huge Storage area above the 3 car oversized garage so bring all of your toys. LARGE LOT! Almost a half acre, WOW! CITY VIEWS! Stunning City Light Views, easy access to everything. This home has it all.
Located just minutes from medical faciliteis and Rapid City's Regional Hospital, numerous restaurants, grocery stores, shopping and much more. A swimming pool, club house, lighted walking path, are all part of the association features you will enjoy while living in this great home.
Do not delay make this great home yours today. For more information or for your personal tour, contact RICHARD IVES REALTORS, INC. at 605-391-1503. http://richardives.point2agent.com/
View a virtual tour at http://richardives.point2agent.com/Rapid_City_South_Dakota/South_Dakota/Homes/West_Boulevard/Woodridge/Agent/Listing_613336.html

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For Sale $249,900 Hurry, Hurry, Hurry This great home will not last long! Rapid City South Dakota RICHARD IVES REALTORS, INC. 605-391-1503 |
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