Are You Selling Your Home?
In most cases a buyer will conduct an inspection when purchasing a home and a radon test is typically conducted.
Be sure to use a trusted, LOCAL radon mitigation company.
208 S. Sycamore Ave., Sioux Falls, SD 605-201-4704 dakotaradon.com
BEAUTIFUL
HOME
VIEW
ININSTALLATION STALLATION SERVICE SERVICE TEST TEST WARRANTY WARRANTY
stunning kitchen
magazine
JAN. 11 - JAN. 17, 2024
1304 W. STONEGATE DR., SIOUX FALLS, SD 5 Bed | 3.5 Bath | 3,075 sq ft
$575,000
Heather Elrod 605.759.5030 Broker Associate, ABR, SRS, SRES
Think Heather, Think Home.
Page 2
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Jan. 11 - Jan. 17, 2024
Michels Communications Corporation PO Box 91606, Sioux Falls, SD 57109
NEW LISTINGS & OPEN HOUSES Hanna Michels PAGE 9
For Advertising Information, Please Contact:
1.605.760.4269 hanna@michelscom.com
Jill Foley 1.712.490.8506 jill@michelscom.com
Kevin Culhane 1.605.661.8509 kevin@michelscom.com
Kaylee Langseth 1.712.574.0618 kaylee@michelscom.com
Make yourself at home HANNA MICHELS
JILL FOLEY
KEVIN CULHANE
KAYLEE LANGSETH
CONVENIENCE I S K E Y. FREE remote with motorization order
25%-40% OFF
*
605.332.7265 | budgetblinds.com 828 S Highline Place | Sioux Falls, SD 57110 Find us on
BudgetBlindsSiouxFalls
*Select products only. Offer not valid with any other offers. Offer good at time of initial estimate only. Offer good at participating franchises only. Each franchise independently owned and operated. Budget Blinds is a registered trademark of Budget Blinds, Inc. and a Home Franchise Concepts brand.
RASE 2023 HOUSING MARKET STATISTICAL REPORTING 12-MONTH PERIOD SPANNING 12/2022 THROUGH 11/2023
-2.0%
+8.7%
+9.5%
Change in Closed Sales
Change in Inventory
Change in Median Sales Price
Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% year-over-year as of last measure, as prospective buyers, faced with rising homeownership costs, wait for mortgage rates, and home prices, to drop. New Listings in the Sioux Falls region increased 18.3% to 473. Pending Sales were up 28.9% to 401. Inventory levels rose 8.7% to 1,404 units. Prices continued to gain traction. The Median Sales Price increased 9.5% to $313,175. Days on Market was up 8.6% to 76 days. Buyers felt empowered as Months Supply of Homes for Sale was up 25.0% to 4.0 months. Inventory remains at historically low levels nationwide, with only 1.15 million homes for sale heading into November, a 5.7% decline compared to the same time last year, for a 3.6 months’ supply at the current sales pace. The shortage of available properties for sale has kept pressure on home prices, which have continued to climb despite the slowdown in sales. According to NAR, the U.S. median existing-home sales price increased 3.4% from a year ago to $391,800, an all-time high for the month, with annual price gains reported in all four regions of the country.
+38.0%
Price Range With the Strongest Sales: $800,001 to 900,000
+20.3%
+1.6%
Construction Status With Strongest Sales: New Construction
Property Type With Strongest Sales: Condo-Townhouse Attached
Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% year-over-year as of last measure, as prospective buyers, faced with rising homeownership costs, wait for mortgage rates, and home prices, to drop. For the 12-month period spanning December 2022 through November 2023, Pending Sales in the Sioux Falls region were down 12.0% overall. The price range with the largest gain in sales was the $800K to $900K range, where they increased 38.0%.
+22.3% Change in New Listings
+2.0% Change in Closed Sales
+7.9% Change in Median Sales Price
The overall Median Sales Price was up 5.0% to $306,000. The construction type with the largest price gain was the New Construction segment, where prices increased 4.4% to $365,400. The price range that tended to sell the quickest was the $100K to $150K range at 61 days; the price range that tended to sell the slowest was the $700K to $800K range at 103 days. Market-wide, inventory levels were up 8.7%. The construction type that gained the most inventory was the New Construction segment, where it increased 13.7%. That amounts to 3.8 months supply for Single-Family homes and 4.5 months supply for Condos.
2415 W. 57th St., Sioux Falls, SD 57108 rase-inc.org
Page 4
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Jan. 11 - Jan. 17, 2024
NEW YEAR NEW YOU NEW HOME?
As we step into the new year, it’s the perfect time to think about new beginnings. Is a new home on your list of resolutions for 2024? LET’S CHAT!
Susette Fujan
Happy New Year MICHAEL RAYNIE
REALTOR® - Broker Associate 605-310–5668 • susette@hegg.com www.susette.hegg.com
Broker Associate
605.351.9446
IS IT A GOOD
TIME
ABR, AHWD
PRICE REDUCED | $269,900
$299,900
3525 E. SIASCONSET PL., SIOUX FALLS, SD
1210 W. 57TH ST. APT 202, SIOUX FALLS, SD
3 Bed | 2.5 Bath | 1,383 sq ft
2 Bed | 2 Bath | 1,524 sq ft
TO BUY A HOUSE? PRICE REDUCED | $349,900
PRICE REDUCED | $189,900
$305,000
1029 E. COTTONWOOD DR., BRANDON, SD
808 N. KIWANIS AVE., SIOUX FALLS, SD
802 BROADWAY AVE., VALLEY SPRINGS, SD
2 Bed | 1 Bath | 1,097 sq ft
2 Bed | 1 Bath | 3,360 sq ft
4 Bed | 2 Bath | 2,105 sq ft
$575,000
PENDING
1304 W. STONEGATE DR., SIOUX FALLS, SD
800 BROADWAY AVE., VALLEY SPRINGS, SD
5 Bed | 3.5 Bath | 3,075 sq ft
2 Bed | 1 Bath | 3,360 sq ft
IT IS TIME TO CALL HEATHER!
Heather Elrod 605.759.5030 Broker Associate, ABR, SRS, SRES
Think Heather, Think Home.
Jan. 11 - Jan. 17, 2024
www.HomeViewemag.com
OPEN HOUSE SUN 2-4PM
Page 5
PRICE REDUCED
909 E. PINE ST. BRANDON, SD $359,500
6816 W. 32ND ST. SIOUX FALLS, SD $545,000 4 BEDROOM, 3.5 BATH Westside Beauty! 4 bedroom, 3.5 bath. 3 car garage with the 3rd stall framed off and is heated, was previously used as a workshop. Low maintenance with vinyl siding and trex decking. Main floor laundry/mudroom off garage with a separate half bath. Large kitchen with custom cabinets, snack bar and appliances are included. Main floor office or could be formal dining. Formal living and main floor family room and sunroom that leads you to back yard decking. Primary suite double sinks, soaking tub and separate shower. 3 bedrooms same level. Please take note of the brick accent exterior. Rather sitting out front on the covered entry or one of the 3 back yard outdoor space or even the sunroom, this home is set up for entertaining.
JULIE JOHNSON 605-366-1363
NEWLY REMODELED 3 BEDROOM, 2 BATH WITH A 2+ HEATED GARAGE Well maintained home. Open Main level with beautiful white oak on the main, beautiful tiled entry, family room flooring is beautiful with a gas fireplace. From the moment you walk up to the home with the tiled walkway and inviting foyer entry you will see the beauty and quality of this home. Living room, kitchen and dining are vaulted and open. White kitchen cabinets, newer appliances that stay. 2 large bedrooms on the main. Bed 2 is being used as a TV room. Primary bedroom can handle that King Sized bed and still you have room for a large dresser. Walk in Closet and a pass through to a full bath. Family room is huge and divided into 2 sections, one for conversation and the other to nuzzle in with the gas fireplace while watching football. Bed 3 is large with a garden window. Bath down is full and also laundry. Garage is 24 wide and 28 deep. Heated. Fenced yard. Patio and a deck. Move in ready, are your boxes packed?
RE/MAX PROFESSIONALS, INC.
Hello JANUARY
What are your goals this month?
HOME
VIEW magazine
HOW To Avoid
Frozen Water Pipes Courtesy of ArticleBiz
I
unheated areas of your home may be subject to freezing. Cold temperatures along with windy
Heat Tape
conditions accelerate the freezing process. Pipes
tape or an electric wire heater to keep pipes
can freeze and thaw or worse: freeze, split, thaw and spray, sending out an uncontrolled stream of
warm. However, these types of solutions can lead to problems should the system itself or the power
water that can do severe damage to a home. Water
source fail. This can also present a fire hazard if
damage is the most common and most expensive insurance claim. So be proactive, and wherever
used with the wrong insulation.
possible relocate pipes that are subject to freezing
On the occasions when Mother Nature brings
to warmer areas of the house. What may surprise many is the fact that hot water
sub-zero temperatures to your neighborhood and frozen pipes occur; they can be thawed by several methods:
pipes will generally freeze sooner than cold water pipes. So, include both when considering the best solution. Here are several things you can do to help avoid frozen pipes:
o The safest method is to use an electric hair dryer to apply heat directly to the frozen area of pipe.
n winter months, the water pipes in drafty or
Install Pipe Insulation
In some instances homeowners may choose heat
o Pipes that run through a garage to a hose spigot can be drained or blown out with a compressor.
It’s a good practice to insulate water lines of outside walls, and in floors or ceilings that are exposed to the outside.
Winterize Outside Spigots
o Pipe thawing machines will work well in many applications. This device uses cables similar to car jumper cables. They attach to the pipe on either
Start by shutting off any exterior spigots from
side of an ice block enabling an electrical current to pass through the pipe and heat it, thawing the ice.
inside the house. Then, open them from the outside and let any residual water drain. And be sure to disconnect your garden hoses from any exterior
Copper pipes often split, however plastic PEX lines may freeze, expand and thaw without splitting. If
spigots to prevent them from splitting and cracking.
Try the Trickle Solution
In areas of the home where pipes may regularly freeze, turn the faucet on to create a slow, steady trickle of water. The constant flow of water through the pipes will prevent them from becoming frozen.
Install a Recirculating Pump
Another creative way to keep freeze-prone pipes flowing is by installing a hot water recirculating pump. This type of pump pushes cold water out the hot pipe until it senses hot water. Then it stops and starts the cycle again to keep the water moving.
your pipes freeze, make sure you know where the main shut off valve is. If you have to leave the house it’s wise to shut the water off, or risk coming home to a “sprinkler system” going in the house.
PRICE REDUCED
2805 E. AUGUSTA CIR., BRANDON, SD 3 Bed, 2 Bath • 1,629 Sq.Ft. • 3-Stall Garage • $539,000 630 QUARTZITE AVENUE TEA, SD
0.3 acres • $79,900
Chuck Moss
605-376-6722 • realpro22@gmail.com Licensed in SD
www.HomeViewemag.com
newly
listed directory TEA
NEW LISTINGS!
Every week we will put all the advertised new listings in this section for your convenience.
SIOUX FALLS
1055 N. James Ave. - $450,000 3 Bed, 2.5 Bath Todd Nelson 605-321-9147 Harr & Lemme Real Estate Inc.
4321 S. Townpark Pl., - $394,900 3 Bed, 2.5 Bath Lynda Billars 605-376-7932 Berkshire Hathaway Home Services
SIOUX FALLS
SATURDAY 12-1 PM
608 S. Red Spruce Cir. - $549,900 3 Bed, 3 Bath Todd Nelson 605-321-9147 Harr & Lemme Real Estate Inc.
SIOUX FALLS
SATURDAY 1-3 PM
4321 S. Townpark Pl., - $394,900 3 Bed, 2.5 Bath Lynda Billars 605-376-7932 Berkshire Hathaway Home Services
SUNDAY, JANUARY 14 SIOUX FALLS
SUNDAY 1-3 PM
4321 S. Townpark Pl., - $394,900 3 Bed, 2.5 Bath Lynda Billars 605-376-7932 Berkshire Hathaway Home Services
SIOUX FALLS
SUNDAY 2-4 PM 6816 W. 32nd St. - $545,000 4 Bed, 3.5 Bath Julie Johnson 605-366-1363 RE/MAX Professionals, Inc.
OPEN HOUSES • OPEN HOUSES • OPEN HOUSES OPEN HOUSES • OPEN HOUSES • OPEN
OPEN HOUSE SATURDAY, JANUARY 13
Page 9
EW LISTINGS • NEW LISTINGS • NEW LISTINGS
Jan. 11 - Jan. 17, 2024
SHOW HOURS:
Friday 1PM - 7PM Saturday 9AM - 7PM Sunday 11AM - 4PM
Sioux Empire Home Show February 23-25
Be Prepared to Be Inspired. Witness the magic that happens when creativity and functionality collide. Be prepared to be inspired by unique concepts, ingenious designs, and solutions that cater to your individual style and preferences.
605-361-8322
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Jan. 11 - Jan. 17, 2024
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Page 11
There’s nothing like that feeling of calling something your own. MEMBER FDIC | NMLS ID #446440
South Dakota Housing Development Authority focuses on giving that feeling to as many South Dakotans as possible. Their homeownership programs offer benefits for first-time buyers and those buying again. Whether it's homebuyer education, or down payment and closing cost assistance, Heritage Bank can explore the many ways SDHDA can help you become a homeowner.
Ryan KAUFMAN
MORTGAGE LOAN ORIGINATOR NMLS #1503898 | 605.252.5698 RKAUFMAN@HERITAGEBANKNA.COM
Marshall CRAWFORD MORTGAGE LOAN ORIGINATOR NMLS #1024634 | 605.310.5643 MCRAWFORD@HERITAGEBANKNA.COM
CORNER OF 8TH AND PHILLIPS | (605) 331-7951 | 1-800-344-7048 | WWW.HERITAGEBANKNA.COM
NEW LISTING OPEN HOUSE SAT & SUN 1-3PM
4321 S. TOWNPARK PL., SIOUX FALLS, SD 3BED | 2.5+BATH | $394,900 It’s the crisp clean look of Contempory with a snap of elegance at every turn. This home has been redone top to bottom all 3 floors as well as the new deck, and paved patio area. It’s a dream come true, enjoy coffee on the deck watching nature. The trees and creek has become the backdrop of this home.
BEAUTIFUL OUTDOOR SCENERY
GET THE LYNDA B ADVANTAGE
Broker, CRS, ABR, SRES, RENE, CLHMS
(P) 605-376-7932 LISTWITHLYNDAB@MSN.COM
BERKSHIRE HATHAWAY HomeServices of the Midwest
Page 12
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Paying too much for
HOME INSURANCE? Home - Auto - Health - Life - Business 605-332-5300 2900 S. Phillips Avenue #400, Sioux Falls, SD 57105
Paying too much for
CAR INSURANCE? Home - Auto - Health - Life - Business 605-332-5300 2900 S. Phillips Avenue #400, Sioux Falls, SD 57105
Jan. 11 - Jan. 17, 2024
SCAN FOR A FREE QUOTE
SCAN FOR A FREE QUOTE
MATTERPORT 3D VIRTUAL TOURS WE ARE HERE TO HELP! HOME
VIEW magazine
Book one of our virtual tours today to make your listings stand out from the rest! Virtual tours are a great way to promote and showcase your listings during these uncertain times when sellers are leary to have increased traffic through their homes.
PROVEN RESULTS
Clients are 95% MORE LIKELY to call about homes with 3D Virtual Tours. 74% OF AGENTS using Matterport win more listings. The average listing with a 3D Tour sold for up to 9% higher and closed up to 31% faster.
We are offering these tours to you at our LOWEST PRICE EVER! Contact your Marketing Consultant today for more information! Hanna Michels 605-760-4269 Jill Foley 712-490-8506
Scan to see what your listing could look like!
Todd Nelson // Broker // 605.321.9147 toddnelsonrealtor.com // todd@toddnelsonrealtor.com
PRICE REDUCED | OPEN HOUSE: SATURDAY 12-1 PM
608 S. Red Spruce Cir., Sioux Falls, SD - $549,900
Three-bedroom, three-bath home on the east side that is a short golf cart ride to Willow Run Golf Course. As you enter the home you will appreciate the openness of the space between the kitchen, dining and living room with an abundance of natural light. The kitchen has granite tops, a nice sized island and hidden pantry. Both the upstairs living room and basement family room have gas fireplaces to cozy up to as the seasons begin to change.
23983 432nd Ave., Canova, SD - $535,000
Looking for privacy and serenity with plenty of land? Check out this 51-acre property that includes four beds and two baths with oversized two-stall detached garage that is heated. Home has 2,904 finished square feet. Property includes four outbuildings. Shop has three bays with concrete floor and oversized overhead doors with one of them large enough for a semi. This acreage is set up for livestock or horses with fence around entire property and pens set up.
PRSRT STD U.S. POSTAGE PAID Permit #7783 Mailed from zip code 57104-4877
Todd Nelson // Broker // 605.321.9147 toddnelsonrealtor.com // todd@toddnelsonrealtor.com NEW LISTING
1055 N. JAMES AVE., TEA, SD - $450,000 Built in 2021, this better than new slab on grade, 1.5 story home with zero step entry on main level is sure to please. Open floor plan on the main with vaulted ceilings. Custom cabinetry in kitchen includes soft close doors, drawers with island that opens to dining/living room space. Reclaimed wood accent piece added to living room. The primary bedroom suite has electric fireplace, lighted tray ceiling, dual closets, dual sinks and a tiled walk in shower. Main floor laundry with 1/2 bath and additional storage room. 2 bedrooms with large closets and a full bath in the upper level of the home. Oversized 3 stall garage has epoxy flooring, hot/ cold water, drain, gas heater and opens to the backyard patio area. Nest and security system installed. Storm shelter off of garage. Fenced yard with patio that includes a hot tub. Located within walking distance to area schools, city park, pool and local ice cream shop.