Helen, Other/Just Looking in 85374

What's real estate like in Sioux Falls SD and Rapid City?

Asked by Helen, 85374 Fri Nov 9, 2007

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5
Our market In Rapid City has been stable. Some great houses out there for sale and interest rates are still low. Call me for additional information.
0 votes Thank Flag Link Tue Mar 1, 2011
Not aware of the market in Rapid City, but sales have been good in Sioux Falls with the buyers getting some good deals. If I can be of further help, please let me know.
0 votes Thank Flag Link Thu Feb 17, 2011
Our market has been holding very steady. The homes are being priced better as they come out on the market, so we are seeing buyers get some great deals on homes.. There are a few more obstacles with lending, but with a good agent to help you, it can be a very smooth transaction. Dont hesitate to contact me if you have any other questions.

Daneen Jacquot, Broker/owner
South Dakota Real Estate Company
1211 Mount Rushmore Rd
Rapid City SD 57701
605-484-7832
605-342-1810
0 votes Thank Flag Link Wed Jan 19, 2011
Helen, if you will please tell me what price range you are looking in, I will send you information.
0 votes Thank Flag Link Mon Nov 15, 2010
Hi Helen:

Thank you for your question. I am a real estate agent in Rapid City. I can't speak with facts about Sioux Falls, but I can address things in Rapid City.

We have been enjoying a steady, stable market here in Rapid City and the Black Hills. Home prices have continued to rise for the past 3 years. I ran a report on residential homes sold for the past 3 years, and we have been averaging around 3% growth per year. This has continued even though the number of sales has been down and days on market has extended by 10 days in the past year. In the past 30 days, there have been 547 total new listings and 213 listings sold (commercial and residential - MLS wide) . So things are definitely moving right along. New homes and residential developments are being built all over the place.

New retail developments are also under way. Cabela's is working on getting a new building up, and a new retail center with big names like Bed, Bath, and Beyond and a bigger Scheels Sporting Goods is also in process.

Ellsworth Air Force Base, located just to the east of Rapid City, has recently acquired a finace center contract, which will bring in some 700 jobs when the phases are complete.

With the above happenings, and the Black Hills attracting second home buyers and retirement buyers, I believe we should continue to see a stable market for some time.

If you would like more detailed stats, I can get those to you. In the meantime...good luck!

Tristan
0 votes Thank Flag Link Wed Mar 19, 2008
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