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Market Conditions in North Dakota : Real Estate Advice

  • All16
  • Local Info1
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 19
Sun Jun 15, 2014
Amani Almughalliq asked:
This question was asked from…
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Fri Mar 7, 2014
Michelle A. Buntin answered:
Wed Feb 26, 2014
Drew Wierson answered:
Drew Wierson, Agent, Minot, ND
2 private schools (K-12). Our Redeemers and Bishop Ryan are private. The rest are public. I think Minot ranks fairly high on education compared nationally but double check for yourself. Heres one resource from my website http://( that we recommend to folks. ... more
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Sun Feb 23, 2014
Lanre Folayan answered:
Hey Klhietala,

What do you want to know about this property? Are you looking for a real estate agent in that area who could help you purchase a property? Please call or send me a text and I would be more than happy to refer one of my real estate colleagues in your area to you. ... more
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Mon Dec 9, 2013
Melissa Chaplin asked:
This question was asked from
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Mon Oct 14, 2013
Jason Demont answered:
The point is cost of living is extremely high especially when considering housing. At the Great American Lodge they are charging $139 per night however its worth it considering the wages you can make :). ... more
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Thu Feb 14, 2013
Justin Peterson answered:

I know your question was posted months ago. Just a little background, our market in the FM area has shifted from a Buyers market beginning early 2012, now less then a year later a full fledged sellers market. Currently home sellers are getting much closer if not actually getting asking price, due to the lack of inventory of existing homes on the market as of late. so if you have a home to sell now maybe the time.

Now on the point of building. I have been told by a few builders that building costs are going to be going up approximately 3% in the coming months. That being said if you are looking in the 400-500k range that could potently cost a person between 12-15k, plus if a person finances you pay interest on that 12-15k over the years multiplying that cost.

On the other hand no one could say where the market is going to go in the coming year much less the next 5-8. You might look back and say "I am happy we held out" or be kicking yourself wishing you had made a move. You need to do whats best for you and your family.

Hope that helps one way or the other :)

... more
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Tue Jan 22, 2013
r.heupel asked:
have land north of Elmer Schlecht
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Sat Oct 20, 2012
colv2490 answered:
The market is amazing on top of the hill. Over the next 3 years, Minot AFB is meeting the needs of other nuclear bases downsizing (which means jobs are being increased for the base) so the demand for single family homes are skyrocketing. The military have at least a year long wait to get into base housing & so you have a surplus of military who are forced to make a quick decision to rent from not planning their housing needs ahead of time. The rental inventory is slim pickings & after the flood anyone with a family or a pet are just out of luck finding a fair deal beyond a 1 BR. As you know having lived here yourself, even if there wasn't a recent flood, the homes built near the Mouse River have ineffecient storm drains. When the snow leaves from end of OCT-MAR you get the crazy ice & debris back up if you aren't on North Hill. Nearly every basement is a damp mess & several have sewer back up. So, as long as you don't try to buy a home that is built near the railroad tracks you will make a super smart investment. Each year you wait to buy in Minot, you'll end up paying that 15% more for the exact same property which requires you to pay more money for the same house. Buy now, sell in 3-5. ... more
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Sat Oct 8, 2011
John Arendsen asked:
I'm considering expanding my "Factory Built Housing" real estate, construction and development business into the North Dakota market. Are there any North Dakota RE professionals,…
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Mon Sep 12, 2011
Laura Feghali answered:
Hello Brian,
Check out this link for past and current housing data in Williston, ND:

You may also wish to click on the "Local Info" tab at the top of this screen for additional information.

Even though the climate can be quite cold there during the winter months; I understand that North Dakota is doing very well economically due to the oil drilling on the western side of the state.

Hope this is helpful.

Laura Feghali
Prudential Connecticut Realty
... more
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Wed Sep 1, 2010
Dave Kinskey answered:
Foreclosure sales often have final sale prices below list price, but usually not drastically below list price (occasionally there are exceptions). Banks are trying to list properties at fair market value or slightly below fair market value when listed, so that they will sell within a reasonable time and also allow the bank to minimize its losses.

Foreclosure properties are "as is," which poses extra risks. There are no disclosures from an owner about past history of the home, any leaks, hail damage, repairs, etc., because the bank has no idea. Keep in mind that no matter what, you usually "get what you pay for."

Dave Kinskey
Coldwell Banker First Realty
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Sun Feb 14, 2010
Mary Splichal and Amy Fredrickson answered:
While I can't predict the future, in all of 2008, 2009 and so far in 2010, avg. days on market (DOM) for Mandan single family homes, duplexes, twin homes, etc. was about 90 days. In March 2009 DOM was 112, April 2009 DOM was 96.

When I looked at only single family homes priced from $150,000 to $175,000 in Mandan, in April 2009 the fastest sale was 34 days and the longest sale date was 103 days. I would have to do a market analysis to give you a more accurate number. The condition of your home, location, number of bedrooms, age, etc. and of course the price of your home will all have a big affect on the number of days your home will be on the market.

If you want a market analysis, there is no cost or obligation, just Information. Call me at 701-220-3348 or email me at:
... more
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Thu Sep 18, 2008
Emily Erekuff answered:
Hi Peter,

I'm a bit confused by your post. Are you trying to reply to someone or are you advertising this as a service? If the latter is the case, please note that commercial posts are prohibited on Trulia Voices and please be sure to review our Community Guidelines in full at the link below.

Thank you,

Emily Gibson
Customer Service Representative
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Sun Mar 23, 2008
. answered:
J Hill,

Do you mean Benzie county Michigan?

Regarless of where you are looking, you need to contact a Realtor familiar with that area so that they can act as your buyer's agent. That Realtor will be able to run comparables for you and help you best decide what your opening offer should be. ... more
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