HomeView Magazine 040623

Open House: Saturday, 1-2:30 PM

4500 E. Leubecher Pl., Sioux Falls, SD

3 Bed | 2 Bath | 1,360-sq.ft. | $360,000

This stunning slab-on-grade home is located in the Southeast of Sioux Falls in the Whispering Ridge East development. The beautiful views seen throughout the house are hard to compete with. The primary room hosts tray ceilings, a walk-in closet and en-suite 3/4 bathroom. There are 2 additional bedrooms and a full guest bathroom. The kitchen features upgraded appliances, Rosebud cabinets and a pantry. The sliding doors from the dining room lead to a covered patio complete with electricity ran for lighting/fan and a beautiful privacy fence. The HOA will take care of snow removal, lawn care, garbage and road maintenance.

400 N. James Ave., Tea, SD

4 Bed | 2 Bath | 2,032-sq.ft. | $325,000

Jamison Company Real Estate is a boutique agency which is committed to quality over quantity. One of the biggest advantages to being a REALTOR® in a small boutique agency is that we are able to easily seek advice and assistance from one another at a moment’s notice. One of the biggest advantages to being a client in a boutique agency is that you are not lost in a crowd but truly part of a family. I am humbled to be part of such an amazing agency with fantastic agents.

As your agent, I will go the extra mile to provide you with all information available and answer any questions you might have. I am here to make the immense decision and process of buying and selling your home not only painless but exciting and stress-free. I would be humbled to represent you in your next transaction and help protect your best interest.

23746 461A Ave #2, #3 & #4 Wentworth, SD

2 Bed | 2 Bath | $284,900

Upper unit of the Luxury Lakewood Estates Condominiums overlooking Hole #9 of the Lakes Golf Course and featuring panoramic views of Round Lake will be completed this year (2023). Beautiful finishes, open-concept floor plan and spacious rooms are just a few of the vast amenities you’ll enjoy! Step out onto your covered deck (upper) or patio (lower) to enjoy the beauty of the Lakes Golf Course and Round Lake lying before you. The Lakes Community features a nine-hole golf course, full service restaurant and a newly updated lodge. You’ll be minutes away from several boat launching areas where you can enjoy the sparkling waters of Lake Madison. Within 30 minutes, one can be in Sioux Falls or Brookings. Buy now to assure availabiliitythese will sell fast!

*Photos are similar

*Photos are similar

*Photos are similar

condos + townhomes + twin homes

New construction twin home on a brand-new paved cul-desac - 2 bedrooms, 2 baths, 1,100 sq.ft. Attached 2-stall garage. Landscape rock and grass included. Unfinished daylight basement with potential of 2 bedrooms and 1 bathroom. Luxury vinyl plank, carpet, black appliances, and custom cabinets. Brand new cul-de-sac with all new homes. No homes behind you for great views. Neighborhood boasts mature trees and river-bottom with wildlife. Come check out the privacy and views of N. Oberg Circle! Listing agent related to seller.

New construction twin home on a brand-new paved cul-desac - 2 bedrooms, 2 baths, 1,100 sq.ft. Attached 2-stall garage. Landscape rock and grass included. Unfinished daylight basement with potential of 2 bedrooms and 1 bathroom. Luxury vinyl plank, carpet, black appliances, and custom cabinets. Brand new cul-de-sac with all new homes. No homes behind you for great views. Neighborhood boasts mature trees and river-bottom with wildlife. Come check out the privacy and views of N. Oberg Circle! Listing agent related to seller.

JAKE PRINS

605-520-2524

1812 N. Oberg cir., sioux falls, sd $275,000

1814 N. Oberg cir., sioux falls, sd $275,000

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 walk-in 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 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. Located in Boulder Addition in Tea just south of new Hy-Vee.

500 S. QUARTZITE AVE. | $435,000 505 S. QUARTZITE AVE. | $529,000

gorgeous lot is one of the best left in this area! Besides being one of the best lots in this development, 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.

Todd Nelson 605-321-9147 Harr & Lemme Real Estate Inc.

Chuck Moss 605-376-6722 Chuck Moss Real Estate LLC

505 S. Quartzite Ave. - $529,000 3 Bed, 2 Bath

Chuck Moss 605-376-6722 Chuck Moss Real Estate LLC

Jessica Baltazar 605-264-8351 Jamison Company Real Estate

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 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.

Executive ranch home on hole #4 of the Lakes Golf Course near Lake Madison and Lake Brant. Four bedroom, 3 and 1/2 bath, 3-stall garage in a cul-de-sac overlooking hole #4 green with views of Round Lake. Beautiful panoramic views of the golf course looking out of Andersen windows. Underground sprinkler. Boat slip on Lake Madison in the Lakes Marina is also available for purchase. The Lakes Marina is located on the east end of Lake Madison and is only a golf cart ride away.

Co-listed with Rick Trapp - Freedom Realty

*Detached garage not included

*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. Offer valid through 04/30/23.

828 S Highline Place, Sioux Falls, SD 57110

KRISTEN

Chief Executive Officer

RASE 2023 HOUSING MARKET STATISTICAL REPORTING

In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a quarter-percentage point to 4.50% - 4.75%, its eighth rate hike since March of last year, when the interest rate was nearly zero. Mortgage interest rates have dipped slightly from their peak last fall, leading pending sales to increase 8.1% month-to-month as of last measure, but affordability constraints continue to limit homebuyer activity overall, with existing home sales declining for the 12th consecutive month, according to the National Association of REALTORS® (NAR).

New Listings in the Sioux Falls region decreased 24.1 percent to 312. Pending Sales were up 15.7 percent to 280. Inventory levels fell 10.4 percent to 943 units. Prices continued to gain traction. The Median Sales Price increased 7.0 percent to $289,000. Days on Market was down 5.9 percent to 80 days. Buyers felt empowered as Months Supply of Homes for Sale was up 4.3 percent to 2.4 months.

With buyer demand down from peak levels, home price growth has continued to slow nationwide, although prices remain up from a year ago. Sellers have been increasingly cutting prices and offering sales incentives in an attempt to attract buyers, who have continued to struggle with affordability challenges this past winter. The slight decline in mortgage rates earlier this year convinced some buyers to come off the sidelines, but with rates ticking up again in recent weeks, buyers are once again pulling back, causing sales activity to remain down heading into spring.

Purchases of new single-family homes increased 7.2% month-over-month as of last measure, exceeding economists’ expectations and rising to the highest level in nearly a year, according to the U.S. Census Bureau. The limited supply of existing homes on the market, along with lower mortgage interest rates, softening sales prices, and a rise in the number of builders offering sales incentives, helped boost new home purchases, causing builder confidence to increase for the second consecutive month in February. For the 12-month period spanning March 2022 through February 2023, Pending Sales in the Sioux Falls region were down 14.6 percent overall. The price range with the largest gain in sales was the $900K to $1M range, where they increased 76.5 percent.

The overall Median Sales Price was up 14.0 percent to $297,000. The construction type with the largest price gain was the New Construction segment, where prices increased 14.3 percent to $350,000. The price range that tended to sell the quickest was the $200K to $250K range at 61 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 10.4 percent. The construction type that gained the most inventory was the New Construction segment, where it increased 17.6 percent. That amounts to 2.3 months supply for Single-Family homes and 3.2 months supply for condos.

W. 57th St., Sioux Falls, SD 57108 rase-inc.org

GULSON

12-MONTH PERIOD SPANNING 3/2022 THROUGH 2/2023

Todd Nelson // Broker // 605.321.9147

toddnelsonrealtor.com

OPEN HOUSE SAT., 2-3 PM NEW LISTING

Executive ranch-style twin home in desirable east side location. No-step entry that opens up into an expansive living room with 9 ft. ceiling, accent lights, crown molding and a floor-to-ceiling gas fireplace surrounded by built-in shelves. The kitchen features custom Cambria countertops with custom birch cabinets, tile backsplash, center island and stainless steel appliances. Off of the living room is a 4-season room with a mini split for heating and cooling that leads to a new 12x16 deck. Huge ensuite with 9 ft. ceilings, crown molding, accent lighting, bath with Whirlpool tub and large walk-in closet with laundry. A second bedroom and full bath finish off the main level. The garden level is perfect for entertaining with built-in shelving, electric fireplace, gaming table space and room for a rec area. A third bedroom, full bath, extra room with French doors and a storage room complete the garden level. The lawn is beautifully landscaped with privacy fence and lawn sprinkler. HOA covers lawncare and snow removal.

3409 S. BEDFORD AVE., SIOUX FALLS, SD - $524,900