DECEMBER MARKET REPORT - SIOUX FALLS, SD

By
Real Estate Agent with R3 REALTY, LLC

 GREAT NEWS FOR SIOUX FALLS!!!  The Realtors Association of the Sioux Empire reported this week that 2007 was a record setting year.  For the past 5 years, Sioux Falls has seen a marked increase in new construction and existing home sales.  Despite the trends facing much of the nation, there doesn't appear to be a downside in Sioux Falls or South Dakota. 

Affordable Housing, Dropping Unemployment Rates, Favorable Business Climate - All are contributing factors making Sioux Falls a GREAT PLACE TO LIVE!

Single Family home sales remain steady in Sioux Falls, South Dakota.  As of December 31, 2007 there were 1090 Active and Pending single family home listings in the city of Sioux Falls, South Dakota.  The median price of active listings was $154,900 and have been on the market an average of 79 days. 

During December 142 Homes were Sold.  The average Listing Price on these was $139,900 with an average Sales Price of $138,900 indicating that sale to list price at 99.3%.  The days on market averaged 56 days.

Further, average price per finished square foot is as follows:  Active Listings = $98.73/sf; Listings Sold = $89.94/sf.

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.

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Wow, I had not seen pricing this low in a while form comparing Maui to you.  Our Median is 550,000 for a home.
Jan 05, 2008 12:49 AM #1
Rainer
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Rita Narragon
R3 REALTY, LLC - Sioux Falls, SD

GARY:  You gotta get off that island once in awhile - Ha!  Actually, December's median was down by about $30,000.  Our normal median is around $162,000.   However, if you want to do some investing on the Great Plains of the mainland - let me know.  Last week we had 172 listings under $100K including some multi-family units.  I'd be glad to help you out there.

I'd like to sell a few of your median priced homes - I have to sell 3 to your 1.  Thanks for checking us out.

Jan 05, 2008 01:05 AM #2
Rainmaker
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Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.
Hello MS nightowl, Sounds like you've got a good market there.  I love getting to hear about the market in different areas.   I'm sure your cost of living is a lot cheaper than Gary's. 
Jan 06, 2008 10:14 AM #3
Rainmaker
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Mobile Austin Notary
Apostille/Authentication/Embassy Legalization, Notary Public, Loan Signing Agent & Process Server Services - Austin, TX
www.mobileaustinnotary.com

Wow, thats great, thanks for sharing.penguin

Dec 10, 2008 10:54 PM #4
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Rainer
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Rita Narragon

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