“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
HomeSouth Dakota

South Dakota

Blog_tag

REAL ESTATE MARKET REPORT - SIOUX FALLS, SD - JANUARY 2008

02-01-08
Rita Narragon
Rita Narragon: Real Estate Agent in Sioux Falls, SD
  • view my blog
  • Office: (605) 376-4400
  • Mobile: (605) 376-4400

As many parts of the nation continue to see a downturn in home values, high foreclosure rates, and poor economic trends, Sioux Falls and the surrounding area appear to be the the exception to the rule. In 2007 the median home values increased 4.9% according to the REALTOR'S Association of the Sioux Empire (RASE).

While new construction homes are on a slight decline from 2006 (approx 6.35%), pre-existing home sales which constitute about 80% of the market, are remaining steady. In a recent Press Release by RASE CEO, Barton Hacker stated, "Interest rates continue to be extremely low and inventory levels throughout the region are such that we are seeing neither a traditional buyers nor sellers market." "These are strong leading indicators that we have a stable real estate market. Despite discussions of a possible economic downturn, conditions here remain generally positive for anyone considering the purchase or sale of their home."

Single Family home sales remain steady in Sioux Falls, South Dakota. As of January 31, 2008 there were 739 Active single family home listings in the city of Sioux Falls, South Dakota. The median price of active listings was $169,900 and have been on the market an average of 103 days. In addition, there were 170 homes with contingent or pending status. These homes had a median price of $146,900 and were on the market an average of 105 days.

During the same time 83 homes were Sold. The average Listing Price on these was $182,722 with an average Sales Price of $176,989 indicating that sale to list price at 96.86%. The days on market averaged 83 days.

Looking to buy or sell in this Sioux Falls or surrounding area? For more information, contact me by phone (605)376-4400, e-mail: rita@yournextexit.com, or stop by my website (http://www.yournextexit.com/) to browse.

0 Comments
Blog_tag

Rapid City Area Statistics for January 28, 2008

01-29-08
Stephanie Casey
Stephanie Casey: Real Estate Agent in Rapid City, SD
  • view my blog
  • Office: (605) 716-8809
  • Mobile: (605) 391-5858
  • Secondary: (605) 391-9002

As of January 28, 2008, there are 1,112 residential properties listed for sale. So far this year 48 residential properties have sold, 65 have expired (the property didn't sell and the listing contract ran out), and 38 have been withdrawn from the market.

For more information on pricing your home currectly in today's market, or for more statistics on the real estate market in Rapid City and the Black Hills, please email me at serres@rap.midco.net, or give us a call at 605-716-8809.

0 Comments
Blog_tag

Rapid City Area Statistics for January 21, 2008

01-29-08
Stephanie Casey
Stephanie Casey: Real Estate Agent in Rapid City, SD
  • view my blog
  • Office: (605) 716-8809
  • Mobile: (605) 391-5858
  • Secondary: (605) 391-9002

As of January 21, 2008, there are 1,112 residential properties listed for sale. So far this year 48 residential properties have sold, 65 have expired (the property didn't sell and the listing contract ran out), and 38 have been withdrawn from the market.

For more information on pricing your home currectly in today's market, or for more statistics on the real estate market in Rapid City and the Black Hills, please email me at serres@rap.midco.net, or give us a call at 605-716-8809.

0 Comments
Blog_tag

Black Hills Market Activity - January 17, 2007

01-17-08
Randy Eide, Black Hills, SD
Randy Eide, Black Hills, SD: Real Estate Agent in Rapid City, SD
  • view my blog
  • Mobile: (605) 390-5634

I took a couple weeks off, and fell behind in my reports of the market conditions in the Black Hills. Homes are still selling, and there was increased activity just after the New Year. Most agents are anticipating an increase in sales throughout the spring and into summer. Also, to note is that hoems are still selling at about 97% of listed price. Let m eknwo if you have any questions on the chart below.

PRICE RANGE

ACTIVE

PENDING

$1-$79,999

36

7

$80,000-$99,999

32

6

$100,000-$119,999

57

15

$120,000-$139,999

76

16

$140,000-$159,999

96

25

$160,000-$179,999

112

19

$180,000-$199,999

91

9

$200,000-$224,999

68

12

$225,000-$249,999

73

7

$250,000-$274,999

40

8

$275,000-$299,999

34

4

$300,000-$349,999

44

9

$350,000-$399,999

41

5

$400,000-$499,999

34

1

$500,000-$599,999

15

2

$600,000 +

38

2

TOTAL

887

147

0 Comments
Blog_tag

Rapid City Area Statistics for January 14, 2008

01-16-08
Stephanie Casey
Stephanie Casey: Real Estate Agent in Rapid City, SD
  • view my blog
  • Office: (605) 716-8809
  • Mobile: (605) 391-5858
  • Secondary: (605) 391-9002

As of January 14, 2008, there are 1,142 residential properties listed for sale. So far this year no residential properties have sold, 24 have expired (the property didn't sell and the listing contract ran out), and 32 have been withdrawn from the market.

For more information on pricing your home currectly in today's market, or for more statistics on the real estate market in Rapid City and the Black Hills, please email me at serres@rap.midco.net, or give us a call at 605-716-8809.

0 Comments