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Market Report - how did homes in Rapid City sell in the good ol' month of June?
Market report...how did homes in Rapid City sell in the good ol' month of June?
We saw some flattening out this past month in the preowned residential sector. Even though we have 11% more homes on the market than this time last year and 33.5% more solds, the average sold price actually went down 3.4%. Granted, nothing huge. But a littel surprising seeing the number of homes that have sold.
The big news to me this month is the new construction. They seem to be coming out of their slump a bit more. 16% more listings as builders are responding to the corrections in the marketplace, with 28% more sold than last year, and a whopping 30.7% decrease in the days it takes to sell the home. (days on market) The average sold price is coming back online with it increasing 2.8% over last year as well.
Once again, ladies and gentlemen, the graphs:
Now here's to enjoying the rest of the summer! There are lakes to be boated and trails to be walked. But also looking forward to the summer doldrums in real estate to be very limited...
Have a good one!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Originally posted at: http://activerain.com/blogsview/1748199/market-report-how-did-homes-in-rapid-city-sell-in-the-good-ol-month-of-june-
Westside Rapid City home for sale - awesome yard!
Westside Rapid City home for sale - AWESOME YARD
The owner has taken meticulous care of this home and property. You'll figure that out right away when you pull up to plush green grass and look over at the prosperous garden. Fully fenced backyard - and big .29 acre lot! You got a covered patio to relax on, a workspace in the garage to hobby in, and we ain't even got inside yet!
2 bedrooms upstairs with laminate flooring throughout. Plenty of space in the kitchen that includes a built in desk. Clean and bright.
The whole basement has recently been redone! 3rd bedroom is to code with the egress window. Family room is ready for your big screen TV and parties. The second bath is beautiful with new italian tile lining the walls and shower. Add to that plenty of storage space and you got yourself a happening place to live!
Look at the pictures of the yard - the plush, green grass astounds me every time I look at it. Why can't I get my yard to grow like that???
For more pictures: www.1914reddale.com
Premier westside property. It could be yours.
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Originally posted at: http://activerain.com/blogsview/1736462/westside-rapid-city-home-for-sale-awesome-yard
Great 4 bedroom, 3 bath ranch home for sale in Summerset, SD
Great home in Summerset, SD! 4 bedroom, 3 baths, 2 car garage...
Over 2,400 square feet. New paint upstairs, carpets are professionally cleaned, the decks are stained, it's ready to roll. Green grass, sprinkler system - curb appeal plus!
Upstairs has 3 bedrooms - including the master suite with walk in closet and master bath. Tiled kitchen and dining room floor - white cabinets and appliances. Laundry room upstairs!
Downstairs has laminate flooring. It's HUGE! Built-in entertainment center with surround sound. Space for the couch, pool table, and more! Pellet stove in the corner for some added heat. 4th bedroom downstairs has newer carpet and contemporary lighting.
Nice colors. Big deck out back overlooking the privacy-fenced yard. View the Hills in the distance from the front deck.
For more pictures: www.10775Bellingham.com
Ready for a buyer!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Originally posted at http://activerain.com/blogsview/1736402/great-home-in-summerset-sd-4-bedroom-3-bath-ranch-
How did Rapid City Homes sell in May? Market Stats...right now!
How did Rapid City homes sell in May? Market Stats...now!
Yes, I know. Late. It's almost July for goodness sake. I took a commercial real estate course the beginning of the month (CCIM 102), and have since been catching up and keeping up with the new listings and business that has been jumping out of the woodwork. Not that I am complaining - may it continue!!
Excuses aside, here is what we got:
Looks like May treated us pretty well. Residential Real Estate continues to plug away in good ol' Rapid City and the Black Hills. The number of homes sold has increased since last year, along with the average sold price. The days on market - time from listing the home to the sale - remains pretty much stable. A longer days on market track would tell me homes are still selling, but just taking longer to do so.
Interesting stats in the new construction world - less sales since last year, but they have been on the market for 33 less days and STILL averaged a higher sale price than last year. Again - no complaints here.
Here it is in the graphs:
Now here's to enjoying the rest of the summer! There are lakes to be boated and trails to be walked. But also looking forward to the summer doldrums in real estate to be very limited...
Have a good one!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Originally posted at: http://activerain.com/blogsview/1710177/how-did-rapid-city-homes-sell-in-may-market-stats-now-
Rapid City Real Estate Market Report - April 2010
Real Estate Market Stats - April 2010
Spring time has finally hit. With a late snow in May and cloudy and rainy days since, we have been looking for some warm sun! This week looks to show us some warmer temps. It needs to stay dry for more than one day so I can get my back deck painted!
Along with Spring came the buyers. We started out the year with plenty of activity, but as we got into March and the tax credit started winding down, the fence started to empty. The graphs below show the price ranges of Rapid City homes that have sold in each month. The majority of the sales still hold in the $120,000 to $200,000 price range. But the number of sales in the peak doubled from the first 2 months to the last 2. Over 30 sales in the $150,000 to $175,000 range in March, with the $125,000 to $150,000 price range catching up in April. (first time homebuyers getting on board)
Take a look at the sales:
We currently have 894 preowned homes and 240 new construction homes active on the market for a total of 1,134 homes. This is about where we stay at this time of year.
Homes move-in ready in good locations that are priced right don't spend too much time with a sign in front of them. Across the board, days on market (from list date to closing) have been averaging 87 days.
Now is still a great time to get your home on the market. Interest rates remain low.
Questions have been posed about the market now that the tax credit has expired. I have seen plenty of activity. Homes are getting showed, buyers are out looking, open houses have been hot. So based on these observations, homes around Rapid City will continue to sell.
Have a great one!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Black Hills Hiking and ATV trails in Piedmont Valley
Black Hills hiking and ATV trails in Piedmont Valley.
For those who are looking for a great place to hike, ride ATVs or dirt bikes not too far from Rapid City, there's a great spot near Piedmont, South Dakota...just on the edge of the Black Hills National Forest.
You pull into a newly graveled entrance (the old one was scary for a jacked up jeep, much less anything that most people would drive) and park in a big circle parking lot. Big enough for your trucks pulling ATV trailers, buses with all your kids, or whatever.
Take a hike up the hill and look out over Piedmont Valley, walk through a ravine (my kids call it Firepit Canyon) with an occasional stream at the bottom and climb up rocks on the sides, or walk along the edge of the Hills near Black Hills homes. There are also trails here for your ATV and dirt bike riding. Plus the road continues up and around the Hill for those looking into a Jeep ride. Well, or an adventurous ride with your car, I guess. Not sure where you'd turn around...I guess that would be part of the adventure!
This is just one of the many places to enjoy in the Hills - and not be too far from anything. Works great for a quick workout! I went with my son last weekend waiting for my deck to dry...and my legs were feeling it!
Life is good. We should enjoy it more.
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Homes for sale in Piedmont, SD Homes for sale in Black Hawk, SD
original post: http://activerain.com/blogsview/1615251/black-hills-hiking-and-atv-trails-in-piedmont-valley
Rapid City Real Estate Market Report - March 2010
Rapid City, South Dakota Market Stats for March 2010.
Action. Glory. But not alot of guns. (well...not that I am aware of, anyway)
We have certainly enjoyed the Spring weather, spring real estate market, and tax credit advantages here in Rapid City, Black Hawk, Ellsworth and Box Elder. The community has put up some nice listings. Those listings priced right that are move in ready don't stay on the market too long...
I see a bunch of positive stuff...MORE sold listings, homes are staying on the market FEWER days until they are sold (Days on market or DOM), and average prices have increased across the board. The average price of preowned homes have increased 9% since last year, and new construction is catching back up as well, with an average price increse of 16%! New construction is continuing to improve - still fewer homes sold than last year, but the days on market have been fewer...with about the same number on the market.
Date range for active stats: as of 3/1/09 and 3/1/10
Date range for sold stats: 1/1/09 to 3/1/09 and 1/1/10 to 3/1/10
(This representation is based in whole or in part on data supplies by the Black Hills Association of REALTORS or its Multiple Listing Service for the periods as shown. Neither the Association not its MLS guarantee or is in anyway responsible for its accuracy. Data maintained by the Association of its MLS may not reflect all real estate activity in the market.)
[Aren't disclaimer's just the best?!]
So the question remains: what will happen once the tax credit expires? I've seen that be the flame for a bunch of sales and interest. Well, we shall see. I think things will continue to roll. 'Course I may be a bit bias... 
Good stuff. Good times.
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
Rapid City homes buying information Rapid City homes selling information
Original post: http://activerain.com/blogsview/1596303/rapid-city-south-dakota-market-stats-for-march-2010
Rapid City Homes Real Estate Market Report - February 2010
In some ways, I feel like a broken record. Things are moving right along!
With a whole 22 homes less for sale this year than last (active on the market), we still sold 17 more homes and put under contract 27 more than last year. And the average sold price of preowned homes is up 12% from last year. Add that to days on market (DOM) falling from 95 to 71, and that tells me buyers have been jumping off the fence to take advantage of the low interest rates and tax credits.
New construction still lingers back, with the average sale price being down 7.5%. But the time from listing to sale (days on market) is down 25% from last year! I see new construction coming out of their slump within a year or so, provided the builders don't slam the market with spec homes.
Date range for active stats: as of 3/1/09 and 3/1/10
Date range for sold stats: 1/1/09 to 3/1/09 and 1/1/10 to 3/1/10
This representation is based in whole or in part on data supplies by the Black Hills Association of REALTORS or its Multiple Listing Service for the periods as shown. Neither the Association not its MLS guarantee or is in anyway responsible for its accuracy. Data maintained by the Association of its MLS may not reflect all real estate activity in the market.
So, once again, there you have it. The time is great for new listings. In Rapid City, a nice home priced right in the $120,000 to $170,000 range should have no problems selling.
- Tristan
Prudential Kahler REALTORS
Homes for sale in Black Hawk, Rapid Valley, and near Ellsworth AFB
From Original Post : http://activerain.com/blogsview/1555563/rapid-city-market-report-february-2010
Rapid City Real Estate Market - January 2010
KABOOM! Rapid City Real Estate Market - January 2010
Not bad! After a terribly slow December, looks like buyers and sellers have come out of the woodwork and are taking advantage of the tax credits and breaks. My only complaint at this point is that listings are down...some buyers looking for a certain type of property might have a hard time finding what they are looking for before the end of April. New construction is still taking a hit. Prices are down as builders are looking to sell off their inventory.
Plus we are starting to see more relocation company referrals. Maybe that's a sign that companies have a better feeling about the economy and business outlook as they are choosing to spend the money to transfer employees.
Here is what we got this month:
Date range for active stats: as of 2/1/09 and 2/1/10
Date range for sold stats: 1/1/09 to 2/1/09 and 1/1/10 to 2/1/10
This representation is based in whole or in part on data supplies by the Black Hills Association of REALTORS or its Multiple Listing Service for the periods as shown. Neither the Association not its MLS guarantee or is in anyway responsible for its accuracy. Data maintained by the Association of its MLS may not reflect all real estate activity in the market.
Onward!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
2009 Rapid City home sales - broken down by price
Yeah - it takes some people longer than others...
I've been keeping a running tally on the number of homes that have sold in Rapid City and surrounding communities (Black Hawk, Box Elder, Rapid Valley, Nemo Road, Piedmont Valley) to not only get an idea of how homes have been selling, but also to see what price points have been hottest. As you can see from the graphs, homes in the $125,000 to 175,000 have been the best sellers each month - confirming in my mind the benefit of the first time homebuyers tax credit.
Also interesting to note that after the tax credit got extended in November, buyer urgency went away, "after the Holidays" became the motto of choice, and real estate sales went down. (yes, typical for December, but it just seemed a really slow month!
Fortunately, activity has been good, up here in the Black Hills of South Dakota. May it continue! The sun has been shining, the REALLY cold temperatures went away (for now)...it's a good life.
Cheerio!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com