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LUXURY LISTINGS

25463 473rd Ave., Baltic, SD

Escape to the country, to a home designed to entertain in class. The formal entry meets the formal dining and stunning living room with 18’ ceilings to one side. The other side, has the recently renovated kitchen, open to the bar and family room with patio doors to the heated pool and outdoor entertainment area. The upper level primary bedroom has ample space, laundry and a nearby den with fireplace. The main floor, has four generous sized bedrooms and a huge laundry room off the mudroom from the 4-stall heated garage. This spectacular, one-of-a-kind property, offers privacy with mature trees and two barns for animal lovers. The main barn was designed by Kentucky architect David Hanes and built to sustain 125 mph winds, has 32 stalls with window openings, two wash bays, a second floor viewing balcony, room for 2nd arena, bathrooms, office, tack room, and much more!

7208 S. Waterstone Cir., Sioux Falls, SD

Location, location, location! Walk in to beautiful maple floors, bathed in light from the celestial windows. The kitchen is exquisite with granite countertops, large island, birch cabinetry and 12’ ceilings. The living room features a fireplace, walk-out patio doors and bedroom/office with built-in cabinetry. In the basement, there is a room with a bar that is perfect for entertaining. Three bedrooms are located upstairs, with the primary featuring a Whirlpool tub, large walk-in closet and double vanities. The 3-stall garage is heated, with water hook ups, drain and epoxy floors.

605.929.4093

5 Bed | 4 Bath | 2 Barns | $5,000,000

4 Bed | 3 Bath | 3,446-Sq.Ft. | $689,900

OPEN HOUSE: SATURDAY 1-3 PM

4201

Poppies Ave., Sioux Falls, SD 5 Bed • 3 Bath • $699,000

This incredible home built in 2018 by O’Connor Construction boasts quality and comfort that you will love. The lower level was recently finished and welcomes you. Walk in to finding 5 bedrooms, 3 on the main with all the upgrades you can imagine in every inch of the house. The master suite has a fabulous walk-in shower with double granite vanity. The living room and kitchen are open concept for easy entertaining and family fun. Enjoy your covered porch and watch the dogs run with the in-ground fence. This highly sought after neighborhood is located in Southeast Sioux Falls within the Sioux Falls school district. Nestled in a neighborhood with other exquisite homes just steps away from Harmodon Park featuring ball fields and a playground. Entertainment in the lower level with a kitchen area will be fun for everyone. Don’t miss out on the oversized 3-car garage that is 1,100-sq.ft. Take a peek. With over 3,500-sq.ft., this home will check all the boxes.

This zero entry 1,543-sq.ft., 3 bedroom, 2 bath plan features easy living and design sure to please. High inviting entrance with always warm in-floor heat throughout entire home. Granite countertops and kitchen backsplash tile accents with eat-in island. There is plenty of room in the master suite which includes walk-in tiled shower with large walk-in closet. Oversized 3-stall heated garage. Mechanical room doubles as a storm shelter with 8” thick fully reinforced concrete walls poured with 4’ footings below and double doors for worry-free storm protection. Large covered front and back patios for sitting. Located in Boulder Addition in Tea just south of new HyVee.

$435,000

OPEN HOUSE: SUNDAY 2-4 PM

This zero entry 1,543-sq.ft., 3 bedroom, 2 bath plan features easy living and design sure to please. High inviting entrance with always warm in-floor heat throughout entire home. Quartz countertops and kitchen backsplash tile accents with eat-in island. There is plenty of room in the master suite which includes walk-in tiled shower with large walk-in closet. Oversized 3-stall heated garage. Mechanical room doubles as a storm shelter with 8” thick fully reinforced concrete walls poured with 4’ footings below and double doors for worry-free storm protection. Large covered front and back patios for sitting.

$514,000

Chuck Moss

605-376-6722 • realpro22@gmail.com

505 S. QUARTZITE AVE. - TEA, SD

500 S. QUARTZITE AVE. - TEA, SD

RASE 2022 HOUSING MARKET STATISTICAL REPORTING

-46.7% Change in Closed Sales

+11.6% Change in Median Sales Price

-0.2% Change in Inventory

MONTHLY INDICATORS: 2022 was a turbulent year for the U.S. housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existinghome sales down month-over-month and falling 37.8% and 35.4% year-over-year, respectively, according to the National Association of REALTORS® (NAR). Higher mortgage rates are also impacting prospective sellers, many of whom have locked in historically low rates and have chosen to wait until market conditions improve before selling their home.

New Listings in the Sioux Falls region increased 14.5 percent to 276. Pending Sales were down 29.0 percent to 350. Inventory levels fell 0.2 percent to 920 units.

Prices continued to gain traction. The Median Sales Price increased 11.6 percent to $289,000. Days on Market was down 1.4 percent to 72 days. Buyers felt empowered as Months Supply of Homes for Sale was up 15.0 percent to 2.3 months.

Economists predict sales will continue to slow and housing prices will soften in many markets over the next 12 months, with larger price declines projected in more expensive areas. However, national inventory shortages will likely keep prices from dropping too much, as buyer demand continues to outpace supply, which remains limited at 3.3 months, according to NAR. Even if prices fall, many prospective buyers will find it difficult to afford a home in 2023, as higher rates have diminished purchasing power, adding hundreds of dollars to monthly mortgage payments.

+78.6% Price Range With the Strongest Sales: $800,001 to $900,000

+9.1% Construction Status With Strongest Sales: New Construction

-6.4% Property Type With Strongest Sales: Condo-Townhouse Attached

HOUSING SUPPLY OVERVIEW: In an effort to attract buyers amid slowing traffic and declining home sales, U.S. homebuilders have been increasingly reducing prices and offering sales incentives this year. According to the National Association of Home Builders, 36% of single-family homebuilders reported cutting prices as of last measure, with an average price reduction of 6%. Meanwhile, 59% of builders reported offering sales incentives, including price discounts, paying closing costs or fees, and offering free upgrades or price discounts, among others. For the 12-month period spanning January 2022 through December 2022, Pending Sales in the Sioux Falls region were down 13.8 percent overall. The price range with the largest gain in sales was the $800K to $900K range, where they increased 78.6 percent.

+17.6% Change in New Listings

-47.7% Change in Closed Sales

+11.5% Change in Median Sales Price

The overall Median Sales Price was up 14.7 percent to $296,000. The construction type with the largest price gain was the New Construction segment, where prices increased 20.8 percent to $350,300. The price range that tended to sell the quickest was the $200K to $250K range at 63 days; the price range that tended to sell the slowest was the $1M and Above range at 98 days.

Market-wide, inventory levels were down 0.2 percent. The construction type that gained the most inventory was the New Construction segment, where it increased 2.9 percent. That amounts to 2.2 months supply for Single-Family homes and 2.8 months supply for Condos.

SAT. & SUN. - 1:00 - 3:00 PM

4201 S. Poppies Ave. - $699,000

5 Beds, 3 Baths

Chere Rosa De Sharon 605-906-1152

Hi-Tech Realty

Paul Westra 605-201-8333

Ronning Custom Homes & Neighborhoods

2 Beds, 2 Baths Paul Westra 605-201-8333

Ronning Custom Homes & Neighborhoods

Paul Westra 605-201-8333

Ronning Custom Homes & Neighborhoods

3

Ronning Custom Homes & Neighborhoods

3 Beds, 2 Baths Paul Westra 605-201-8333

Ronning Custom Homes & Neighborhoods

3 Beds, 2 Baths Paul Westra 605-201-8333

Ronning Custom Homes & Neighborhoods

Hegg REALTORS

4 Beds, 2 Baths Tom Schwebach 605-428-5498

Scwebach Realty

SIOUX FALLS

2905 S. Maplewood Ave. - $574,900

2901 S. Maplewood Ave. - $584,900

Beds, 2.5 Baths Paul Westra 605-201-8333

2900 S. Maplewood Ave. - $554,900

Chuck Moss Real Estate LLC

3 Beds, 2 Baths Chuck Moss 605-376-6722

Chuck Moss Real Estate LLC

Todd Nelson // Broker // 605.321.9147

NEW LISTING ON LAKE BRANT!

Here is your opportunity to own a lakefront compound that includes 4 lots in total with your own boat ramp on Lake Brant. Each lot measures 40ft x 80ft. Large kitchen features plenty of hickory cabinets, dual ovens and is open to living room. Entire main level has infloor heat. Living room features projection TV with whole home audio and slider to patio with lake views. Two sizeable bedrooms with large walk-in closets and in-floor heat on upper level. Hickory trim and 3 panel hickory doors throughout. 9000 watt generator hooked up to home. Water and sewer on 3 of the 4 lots which provides plenty of room for expansion. Forty feet of beached shoreline to enjoy those summer sunsets with a bonfire and making memories with your family. Sale includes more than 60 feet of dock. (2) 110 amp outlets and (2) 220 amp outlets for campers on the property. Back two lots have a metal storage/workshop building with propane heat and another oversized double garage.

ROLLING HILL DR., RUNNING WATER, SD - $55,000 & $65,000

ONLY TWO LOTS LEFT! Own your own slice of heaven near the village of Running Water. Beautiful Missouri River views with public access nearby. If you are a hunting enthusiast there are public hunting grounds close by filled with deer, turkey and waterfowl.

Looking for a peaceful setting with wonderful wildlife habitat and cover for deer and pheasants? Look no further than this 24.96-acre parcel with building eligibility. Only 30 minutes from Sioux Falls and includes pasture land, shelter belts, creek and 6 +/- tillable acres. Must see the layout of this property to appreciate its beauty. Part of parcel in the flood plain because of the creek running through pastureland. Big Sioux Rural Water, Sioux Valley Electric and Goldenwest Communications all available at the site.

4892 N. SPAWN CIRCLE, CHESTER, SD - $729,900

Chloe - 12 Chloe - 12

Paisley -9 Paisley -9

Finley -6 Finley -6

Zooey - 10 Zooey - 10

Zoey- 6 Zoey- 6

T h e r e w e r e T h e r e e r e

5 8 9 e n t r i e s 8 9 e n t r i e s s u b m i t t e d s u b i t t e d

t o t h e t o t h e

F i r s t A n n u a l

F i r s t A n n u a l

K W C o l o r i n g C o n t e s t

K W C o l o r i n g C o n t e s t

Ella-3 Ella-3

Hannah4 Hannah4

Caleb-10

Ava-11 Ava-11

604 Brannon Dr., Harrisburg, SD - $639,900

Quality-built 6 bedroom, 3 bath garden level ranch with oversized heated triple garage. Open floor plan with vault ceilings in the kitchen/living/dining area. Kitchen features Quartz tops, backsplash, custom hickory cabinets, gray stainless appliances and corner pantry. Gorgeous floor-to-ceiling stone Mendota fireplace in living room. The dining area has a slider to covered patio, privacy fenced backyard and sprinkler system front and back. Primary suite includes walk-in closet, double vanity and tiled shower. Spacious family room in the basement with wet bar that has hidden door that leads to utility room and 8 x 12 concrete storm shelter or safe. Both 2nd and 3rd baths have Whirlpool tubs with tiled surrounds. For your convenience, the main floor laundry is near the bedrooms with a second hook up in the basement. To help with the energy bills, you will find an energy efficient furnace, on demand water heater and spray foam used throughout the house and garage.

Todd Nelson // Broker // 605.321.9147 toddnelsonrealtor.com // todd@toddnelsonrealtor.com