HomeView Magazine 042023

Nature Lovers Acreage less than 20 minutes from Sioux Falls

OPEN HOUSE: SATURDAY, 2-4 PM 45281 264th St., Canistota, SD • $989,000

Rolling hills, pond, fruit trees, newer 5-bedroom updated home PLUS metal outbuilding, metal animal barn, metal she shed and more. Enjoy the spectacular views of the Vermillion River from your huge deck while sitting in your sunken hot tub, walk your land and pick fruit from your trees or enjoy the options of horses or other hobby animals in your pasture fence. This property is close to city amenities, however, lies at the end of a gravel road so you have the privacy you’ve been searching for. Five bedrooms, 3 bathrooms and a fully remodeled kitchen greet you, the wood-burning fireplace warms you during the winters and the 3-stall attached garage spaces plus an additional offer room for every vehicle. 36x56 metal shed with concrete floors ready for in-floor heat, water and plumbed. 24x36 metal animal barn with tack room and generator.

Here is a ranch home with main floor laundry and attached double garage with a great country view. Two bedrooms on the main floor, additional non-egress bedroom in basement. Open living and dining area with sliding door to deck. Basement has a nice sized family room with gas stove heater. Improvements include shingles in 2015, siding and house wrap in 2010, new deck boards in 2010 and 2 storm doors. Furnace 2013, dishwasher 2015. Tons of builtin storage in garage. Large backyard, partial privacy fence and paver patio.

$450,000

OPEN HOUSE: SAT. 1-3 PM

2236 S. Sadie Ave., Sioux Falls, SD • $475,000

Introducing a stunning five-bed, three-bath ranch home located on the desirable west side of Sioux Falls. Built in 2022, this home flows with modern finishes and ample space that will make you love coming home each day. The main floor features a spacious open floor plan with a gourmet kitchen that includes a large island, new fixtures and stainless steel appliances. Enjoy dinners in the open dining room and time outside on the back deck that overlooks the fully fenced in backyard. To finish off the main, find 3 spacious bedrooms with walk-in closets including a well appointed primary suite where you’ll enjoy a private bath and extra large closet. Check out the 2nd full bath and convenient main floor laundry room before heading downstairs to find a grand family room with electric fireplace, a large 3rd bath, and 2 more garden level bedrooms.

ADAM BOSSERT

605.799.1818

adam@bossertrealty.com

OPEN HOUSE: SATURDAY 1-3 PM

Beautiful, picturesque, well-cared for property located near Spring Creek Golf on a cul-de-sac situated on 2.64 acres. Large walk-out ranch-style home has walls of windows for a fabulous view with deck all along the back of the home. It features 9’ ceilings on the main floor as well as a fireplace in the living room and the beautiful kitchen with large island also has a 16x5 walk-in pantry. The master suite includes a master bath with twin sinks and 10x9 WIC. The huge lower level family room has another kitchen/bar area to entertain. This home also has 5+ garage stalls: 3 on the front of the home that are double deep and 1 more at the side of the home that would be great for a collector car. The stamped concrete fire pit and seating area is an excellent feature to this home to help your family appreciate that great backyard view. Hot tub area outside as well.

505 S. QUARTZITE AVE. | $529,000

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.

Chuck Moss 605-376-6722

500 S. QUARTZITE AVE. | $435,000

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.

OPEN HOUSE: SUNDAY 2-4 PM

27087 SPRING VIEW CT., HARRISBURG, SD • $1,150,000

KRISTEN GULSON Chief Executive Officer

RASE 2023 HOUSING MARKET STATISTICAL REPORTING

Nationally, existing home sales jumped 14.5% month-over-month as of last measure, the first monthly gain in 12 months, and representing the largest monthly increase since July 2020, according to the National Association of REALTORS® (NAR). The sudden uptick in sales activity stems from contracts signed toward the beginning of the year, when mortgage rates dipped to the low 6% range, causing a surge in homebuyer activity. Pending sales have continued to improve heading into spring, increasing for the third consecutive month, according to NAR.

New Listings in the Sioux Falls region decreased 5.2 percent to 490. Pending Sales were up 16.6 percent to 400. Inventory levels fell 13.5 percent to 1,009 units. Prices continued to gain traction. The Median Sales Price increased 6.7 percent to $284,900. Days on Market was up 7.5 percent to 86 days. Absorption rates were even with last year as Months Supply of Homes for Sale remained flat at 2.6 months.

Monthly sales might have been even higher if not for limited inventory nationwide. At the current sales pace, there was just 2.6 months’ supply of existing homes at the beginning of March, far below the 4–6 months’ supply of a balanced market. Inventory remains suppressed in part because of mortgage interest rates, which nearly hit 7% before falling again in recent weeks. Higher rates have continued to put downward pressure on sales prices, and for the first time in more than a decade, national home prices were lower year-over-year, according to NAR, breaking a 131-month streak of annual price increases.

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.

12-MONTH PERIOD SPANNING 4/2022 THROUGH 3/2023

South

OPEN HOUSE: SATURDAY, 2-3 PM

Beautiful, picturesque, well-cared for property located near Spring Creek Golf on a cul-de-sac situated on 2.64 acres. This home is surrounded by beautiful panoramic views that will never get old. Have your own private sanctuary only minutes from town. Large walk-out ranch-style home has walls of windows for a fabulous view with deck all along the back of the home. It features 9’ ceilings on the main floor as well as a fireplace in the living room and the beautiful kitchen with large island also has a 16x5 walk-in pantry. The master suite includes a master bath with twin sinks and 10x9 WIC. The huge lower level family room has another kitchen/bar area to entertain. This home also has 5+ garage stalls: 3 on the front of the home that are double deep and 1 more at the side of the home that would be great for a collector car. The stamped concrete fire pit and seating area is an excellent feature to this home to help your family appreciate that great backyard view. Hot tub area outside as well.

SUNDAY, APRIL 23

4 Bed, 3 Bath Kevin Kuiper 605-366-4293 Bridges Real Estate

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

Berkshire Hathaway Home Services Sioux Falls Real Estate

Berkshire Hathaway Home Services Sioux Falls Real Estate

Adam Bossert 605-799-1818 Bossert Realty Group

Keller Williams Realty

Todd Nelson // Broker // 605.321.9147

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.

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.

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

LAKEFRONT COMPOUND 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 in-floor 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.

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