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This gorgeous lot is one of the best left in this area! Besides being one of the best lots in this deveoplment, you get to bring your own builder. That’s a big deal! This large lot offers you many choices when it comes to placement of your home. The trees that surround the back are simply beautiful! Bring your own builder and create your own masterpiece!

Additional Provisions: Buyer and builder are to follow the covenants of Prairie Hills West. The covenants will be provided.

6704 S. Sunderland Ln., Sioux Falls, SD

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

horses with fence around entire property and pens set up. Newer roof. Home has two mini splits to maximize energy efficiency. Property has private well. Kingbrook rural water is a available with $100 app fee and $1,500 hook up charge to the system.

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, shelterbelts, 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.

*Detached garage not included

PRICE REDUCED $20,000!

This zero-entry 1,357-sq.ft., 3 bedroom, 2 bath home features easy living and design sure to please. Large inviting entrance with high ceilings and accents throughout. Painted cabinets, granite countertops and kitchen backsplash tile accents with eat-in island. There is plenty of room in the master suite which includes walkin shower, heated tile floors and 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. Covered front patio for sitting as well as a larger outdoor concrete patio in back with overhead cedar pergola. Located in Boulder Addition in Tea just south of new Hy-Vee.

This zero-entry 1,543-sq.ft., 3 bedroom, 2 bath home 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. Located in Boulder Addition in Tea just south of new Hy-Vee.

You hear about move-in ready, but this one tops them all! Beautifully updated 3 bedroom, 1 bath home with big double garage and large fenced yard. All new interior doors and door jambs, replacement windows, new trim, paint and flooring, updated kitchen with granite transformations and cabinet doors. Spacious dining room with large windows, engineered wood floors, updated light fixtures, tons of storage throughout and built-in closet organizers. All appliances stay including emergency power generator that connects to the electric panel. New 200 amp electric service with whole house surge protector.

RASE 2023 HOUSING MARKET STATISTICAL REPORTING

The U.S. housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. Nationally, pending sales rose 2.5% month-to-month, marking the first increase since May, while sales of existing homes fell 1.5% as of last measure, according to the National Association of REALTORS® (NAR). Demand for housing persists, but higher mortgage interest rates have cut into housing affordability, with total home sales down 17.8% last year compared to 2021.

New Listings in the Sioux Falls region increased 9.5 percent to 393. Pending Sales were up 3.2 percent to 288. Inventory levels rose 1.0 percent to 945 units.

Prices continued to gain traction. The Median Sales Price increased 3.1 percent to $278,500. Days on Market was down 12.5 percent to 77 days. Buyers felt empowered as Months Supply of Homes for Sale was up 20.0 percent to 2.4 months.

As sales slow, time on market is increasing, with the average home spending 26 days on market as of last measure, according to the NAR. Seller concessions have made a comeback, giving buyers more time and negotiating power when shopping for a home. Although home prices remain high, mortgage rates declined steadily throughout January, falling to their lowest level since September, sparking a recent surge in mortgage demand. Lower rates should aid in affordability and may soon lead to an uptick in market activity ahead of the spring selling season.

For the first time in a year, homebuilder confidence has increased, rising 4 points to 35 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Elevated sales prices, coupled with a surge in mortgage rates, caused demand for new homes to plummet in 2022, with builder sentiment declining throughout the year. The recent rise in builder optimism may be due in part to new home sales, which increased 2.3% month-to-month as of last measure, according to the U.S. Census Bureau. For the 12-month period spanning February 2022 through January 2023, Pending Sales in the Sioux Falls region were down 15.0 percent overall. The price range with the largest gain in sales was the $800K to $900K range, where they increased 85.7 percent.

The overall Median Sales Price was up 13.8 percent to $295,950. The construction type with the largest price gain was the New Construction segment, where prices increased 18.0 percent to $350,000. 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 up 1.0 percent. The construction type that gained the most inventory was the New Construction segment, where it increased 14.8 percent. That amounts to 2.3 months supply for Single-Family homes and 3.0 months supply for Condos.

KRISTEN GULSON Chief Executive Officer

12-MONTH PERIOD SPANNING 2/2022 THROUGH 1/2023

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 a hidden door that leads to utility room and 8x12 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 hookup 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.

Quality-built 5 bedroom, 3 bath multi-level with triple garage. Open floor plan in kitchen/dining/living with vaulted ceiling. Kitchen features painted cabinets with center island and stainless appliances. Beautiful electric fireplace in the living area. Main floor laundry and second laundry hookups in basement. Recently finished lower level with wet bar in the family room. Three bedrooms on same floor with primary bedroom featuring 3/4 bath, double vanity and walk-in closet. Nicely landscaped. Sprinkler system.

Broker

604 BRANNON DR., HARRISBURG, SD - $639,900

435 E. 7TH ST., TEA, SD - $484,900