As a nurse, Danielle qualified for the Homes for Heroes program. A program that gives back to local heroes such as military, police, fire and nursing. Check it out at www.homesforheroes.com.

The Rapid City real estate market is crazy!  Give The Emond Team a call to see how we can help you with your home buying and selling needs!

We’re pretty easy going…

-  Tristan

Prudential Kahler REALTORS
www.rapidhomesonline.com 

Congratulations, guys!  It was a smooth transaction (well, mostly) and you are a deserving family to a nice home in a great neighborhood.

(Warning:  sales pitch coming.  Watch out!!)

If Sarah and I can help YOU get into a new home, our home buying systems can find the perfect home.  Just like David and Rachelle.  Give us a call!

(told you)

Have a great one,

Tristan and Sarah

Find out by the video below. The things I do…

A selection of the graphs showing the numbers below:

July 2012 Rapid City Real Estate Market Report – total residential

July 2012 Rapid City Real Estate Market Report – average single family

July 2012 Rapid City Real Estate Market Report – average new construction

August 2012 Rapid City Real Estate Market Report – total residential

August 2012 Rapid City Real Estate Market Report – average single family

August 2012 Rapid City Real Estate Market Report – average new construction

And there you have it!  

Low inventory, lots of buyer activity, and all around fun for all.

Call or email with any questions.  I’d love to hear from you.

-  Tristan

Once again, back to the video.  I actually think there are people in YouTube who go through the video frame by frame to find the WORST 3 options for the still…nonetheless…check it:

And the graphs:

Any questions give us a call!  Or just call to say Hello.

-  Tristan  (605) 391-7086

Still rolling…the May 2012 Rapid City Market Report hot off the webcam.  Take a look below for the charts and graphs as well.

The excitement never ends!

To get on board the Rapid City Real Estate train, give Sarah or I a call!

Have a great one,

-  Tristan

Yep.  My first market report in video.   Rapid City Real Estate Market for April 2012.

So instead of trying to make sense of my numbers and more numbers, you can wonder why in the world I’m wearing a purple shirt!

Watch my quick report of what is happening, and then view the charts below.

And that’s all she wrote!

Need more information?  It might not be the right time for you to buy or sell, based upon your situation.  Call me at 605-391-7086 for a free consultation.

The Emond Team.  Here for you.

-  Tristan

The Rapid City Real Estate Market continues to roll right along, with some interesting twists and turns in the mix.

With the unusually warm spring Rapid City weather (rain is REALLY needed, though), the buyers came out and decided it was time to get off the fence and start buying.  It has been a bangarang of a year already.  (I hope I spelled that right, the spell check gave no suggestions to correct…

Here is the rundown:

1. Single Family Homes.  STILL NEED STUFF TO SELL!  Especially in the $130,000 to $150,000 range.  We are down 97 units from last year, but yet still sold 200 in the month of March (same as last year).  Sellers are getting a bit more of their control back with multiple offers and quick sales becoming a bit more common.  The average time it took homes to sell this March is down 6% from last year.

translation: (sellers) If you are interested in selling, now may be a good time for you to sell!  (depending on your personal situation)    (buyers)  If you see the home you really like, jump on it.  Be sure to have your pre-approval and homework done before you go looking so you are ready to go!

2. New construction.  Ever see the original “King and I” with Yul Brenner?  ”Is a Puzzlement!”   We are short of new construction listings (one builder can’t get them past the framing stage before they are sold!) with more sales versus last year….but the days on market is longer and the average sold price is way down.  My thought form here is we are getting back to listing new construction homes before they are sold (“spec homes”) and the builders are building less expensive homes.  Hence…

translation: Looking to buy new in Rapid City? There may not be a whole lot of spec homes going up, but as more builders get back into it, we may see more availabilities.  Hopefully we won’t see a huge overbuild like back in 2006…plenty of residential lots are available if you find a builder able to build for you.

Spring in Rapid City has been awesome.  We’ve got green leaves on trees, green grass – in MARCH!!  I even went golfing.  This kind of stuff doesn’t usually happen until May.  I think it was June last year before we saw leaves.

Looking forward to helping you with your Rapid City real estate sale or purchase.  We do our best to truly care for our clients.  Give us a call to see what we can do for you!

Peace OUT!

– Tristan

Did the “wait to put your home on the market till Spring” adage come into play?  Did sales continue to pop with the nice weather?  Here’s where the rubber meets the road.

1. Sellers are still getting their price. Average sale prices of single family homes are up $14,000 and some from February of last year.  That’s 8.4%.  That being said, the average sale price has actually gone done approx. $10,000 since last month.  Could be that last month there were some high priced sales that threw the stats off some, but my take on it is that the homes left in inventory needed some more repairs than normal thus affecting the sales price.

2.  Asking prices remain steady. The average asking price for single family homes has remained almost the same as last month, but is up 7.6% or approx. $19,000 from this time last year.

3.  Listing numbers are improving. Whether it’s the warm weather or the word is out, our listing numbers have increased from last month and are about the same as last year.  The warm weather is bringing buyers out sooner than normal and our “spring” season has already started.  If you were planning on waiting until spring to sell, you should get your home listed NOW!

4.  New construction is steadily coming back around with more listings than we had in January.  Active and sales prices are consist with last month’s and last year’s, but they are taking longer to sell.  One builder that is building near Ellsworth Air Force Base is selling new construction faster than they can get it built!  We are actually needing more new construction…as long as it doesn’t go crazy like 4 years ago.

Spring temps have been awesome these past few weeks.  But we definitely need that Spring snow dump or lots of rain.  Fire danger has been extreme – there have been multiple fires that have threatened some homes in Rapid City.  It even got close to my golf course!!

But when you can BBQ in March in South Dakota and be outside running around in shorts and Tshirts, no one is complaining too bad.

Good stuff continues!

-  Tristan

Congrats Kelli and Josh! Glad I could be there to help make it happen for you!

Happy buyers and happy sellers is what I like to see!!

-  Tristan

How did real estate hold up in Rapid City, SD in what is typically the coldest month of the year (or at least it seems that way to me…)?  Unseasonably warm weather I think was a huge component to this month’s real estate stats, as buyers were able to get out there and look around without parkas, snowsuits and/or snowplows.

Here are the basics (the things I feel are most news-worthy):

1.  We need more listings. Overall, we are down 171 homes (that would be a decrease of really close to 20%) at the end of January that were available to buy.  Typically there is a lull right around Christmas and winter time as sellers “wait until Spring” to list their homes.  But this is a bit ridiculous.

Sales meeting on Tuesday was:  ”I have a buyer and we’ve looked at what’s there and can’t find what we want.  Let me know if you have something coming!”

Point for the day: If you are thinking of selling your home (hey -with interest rates down, move UP to a bigger/nicer home and increase your wealth!) – especially in the $130,000 to $200,000 sweet spot, talk to your realtor and get it listed!  Just make sure it gets priced RIGHT!

2. Even with limited inventory, sellers are getting their price. Average sale prices of single family homes are up $41,000 and change from January last year.  That’s 27%!

Doesn’t necessarily make it a seller’s market yet, but I’ve heard numerous stories about double offer situations and buyers losing out on the home they want.

Point for the day#2: If you find the home you want to buy, don’t wait too long!  (at the risk of sound too-realtory)  Jump on it!

3. New construction continues to find its way. A few years ago, there was new construction (spec) homes all over the place.  Now – not so much.  But there are plenty of great builders that would love to help you build your Rapid City dream home.  You’ll just need to get them a contract first!

Now that I am done blabbing, the graphs are the pudding of the proof…or something like that:

So here’s the deal:  I’ve tried to make this Rapid City real estate market report with as little realtor-speak as I could…so that you could understand what is happening without a bunch of 3 letter acronymns and symbols.  Let me know how I did.  Is this stuff making sense to you?

Let me know how I can improve!

Thanks!

-  Tristan