HomeView Magazine 050423

townhomes + twin homes

9503

No backyard neighbors! 2019-built 3 bed, 2.5 bath twin home located in desirable west side of Sioux Falls. Generously spaced ranch-style floor plan with walk out. On the main level, enjoy the open floor plan of the kitchen, living room, and dining space. Kitchen upgrades include custom staggered cabinets, granite countertops, and tile backsplash. Easy access main floor laundry and half bath. The main bedroom suite includes a private master bath and walk-in closet. Outside is fully fenced yard, overlooking green space with nature and wildlife. Lower level features a family room with linear fireplace, two additional spacious bedrooms, and full bathroom. The lower also includes a mechanical room/storage.

RISA STUART

320-241-8919 • clarrisastuart@yahoo.com

910

BRAND NEW twin home just minutes from Sioux Falls and Brandon. This home features 2 beds (+ office/exercise room) and 2 baths for main floor living. Beautiful finishes. Living, dining and kitchen all flow nicely together and feature gorgeous vinyl plank flooring throughout. Large picture window allows for great natural light in living room. Kitchen offers beautiful stainless steel appliances - including gas stove, large corner pantry, and good sized island. Primary suite is good size and has its own bath and huge walk-in closet. Owner’s suite offers a marble walk-in shower and private door for the stool. A second good sized bedroom offers a pass through bath and great closet space. A bonus room - perfect office or exercise space. Mudroom includes drop zone, bench and hooks right off garage and then a private room for laundry. Fully insulated and heated garage to top it off. Great space and nothing more to do but move in!

JOHN ANDERSON

605-321-7177 • john.anderson@kw.com

W. BROEK DR., SIOUX FALLS, SD • $367,000

SUNDANCE ST., VALLEY SPRINGS, SD • $312,000

KRISTEN

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.

GULSON

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

Susette FujanMother’s Day

$315,000

REALTOR® - Broker Associate

605-310–5668 • susette@hegg.com

OPEN HOUSE: SATURDAY 1-3 PM

NEW LISTING

505 S. QUARTZITE AVE. | $519,000

This zero-entry 1,543 sq.ft., 3-bedroom, 2-bath plan features easy living and design sure to please. High inviting entrance with Andersen windows and always warm in-floor heat throughout entire home. Quartz countertops and kitchen backsplash tile accents with eat-in island. Master suite 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

24354 470A AVE., DELL RAPIDS, SD

Acreage in Dell Rapids School District!! 3.72 acres, rural water, 4-bedroom, 1-bath house, 2-car detached garage. Home has newer vinyl siding, Andersen windows, newer shingles and exterior doors. Interior has 3 bedrooms up, 1 on main floor, a 3/4 bath and main floor laundry. You will want to redecorate the interior. Additional building - needs work. Get out there before somebody beats you to it!!

605-428-5498 / 800-657-8005

500 S. QUARTZITE AVE. | $425,000

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, Andersen windows and accents throughout. Painted cabinets, quartz countertops and kitchen backsplash tile accents with eat-in island. Master suite 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 NEW LISTING

605-376-6722 • realpro22@gmail.com

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.

LAKE BRANT COMPOUND

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

UNDER

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. celings, 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

CONTRACT UNDER CONTRACT $5,000

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.

French doors and a storage room complete the garden level. The lawn is beautifully landscaped with privacy fence and lawn sprinkler. HOA covers

VALLEY SPRINGS

48036 307th St. Alcester, SD

$350,000

Surrounded by mature trees, and on a blacktop road, you will find the opportunity of a lifetime to make this one-owner acreage your own. Pride of ownership is evident everywhere with most major updates taken care of including furnace, A/C, and water heater. Other updates over the years too numerous to mention. If main floor laundry, walk-in closets, and big bedrooms have always been on your wish list, your search is over. In addition, you will also have a living room overlooking your front yard and your covered deck. A convenient kitchen and dining area have access to sliders to the back deck. Downstairs you can enjoy more room to relax and entertain in the living area that features a wood burning fireplace and game room. Plus you also have another bonus room and 3/4 bath. All this sits on a picture-perfect site with room to run, play, and just enjoy the peace and quiet of country living. No matter where life takes you, the interstate is only miles away. Come see it for yourself today!

27187 461st Ave. CHANCELLOR, SD

Very rarely do opportunities like this that are so well maintained and also have everything you need. This 10 acre site is already set up for horses with stalls, pastures, and great fencing. If you have always dreamed of a shop it has that too! The 30x50 garage includes a workshop equipped with heat, a drain, and hoist. Plus you also have a 48x72 shed and numerous other outbuildings. The perfect

Very rarely do opportunities like this that are so well maintained and also have everything you need. This 10 acre site is already set up for horses with stalls, pastures, and great fencing. If you have always dreamed of a shop it has that too! The 30x50 garage includes a workshop equipped with heat, a drain, and hoist. Plus you also have a 48x72 shed and numerous other outbuildings. The perfect country home has had numerous updates over the years including shingles (2022), kitchen and bathroom remodels, foundation updates, and a large family room addition. Not one, but two fireplaces are located on the main level along with generous living areas, main floor laundry, a full bath, bedroom, and a kitchen for everyone to gather in. Upstairs you will enjoy two more bedrooms and a remodeled 3/4 bath. A stamped concrete patio is waiting for you to enjoy the views. All this and no gravel! Don’t miss your chance to own this amazing acreage that has been cared for by the owner since 1972.

Pride in ownership

$575,000

Very rarely do opportunities like this that are so well maintained and also have everything you need. This 10 acre site is already set up for horses with stalls, pastures, and great fencing. If you have always dreamed of a shop it has that too! The 30x50 garage includes a workshop equipped with heat, a drain, and hoist. Plus you also have a 48x72 shed and numerous other outbuildings. The perfect country home has had numerous updates over the years including shingles (2022), kitchen and bathroom remodels, foundation updates, and a large family room addition. Not one, but two fireplaces are located on the main level along with generous living areas, main floor laundry, a full bath, bedroom, and a kitchen for everyone to gather in. Upstairs you will enjoy two more bedrooms and a remodeled 3/4 bath. A stamped concrete patio is waiting for you to enjoy the views. All this and no gravel! Don’t miss your chance to own this amazing acreage that has been cared for by the owner since 1972.

2,444 Sq.

Todd Nelson // Broker // 605.321.9147

toddnelsonrealtor.com // todd@toddnelsonrealtor.com

NEW LISTING

Originally built in 2018, this southeast Sioux Falls home is filled with upgrades throughout and includes 5 beds and 3 baths with an oversized 3-stall, heated garage. As you enter the home, you will fall in love with the open concept and tray ceiling with wood beams in the living room. Kitchen is spacious and open to dining room with a door to a covered deck. Granite counters, tiled backsplash and stainless steel appliances make it a wonderful gathering spot for entertaining guests. Large ensuite includes tray ceiling, large walk-in closet, double granite vanity and walk-in tiled shower. Two more bedrooms finish off the main level. Basement was recently finished to add two additional bedrooms, a large bonus room, family room and wet bar with granite tops. Lawn is set up with inground pet fencing, landscaping and lawn sprinkler. Oversized, 3-stall, 1,100 sq.ft. garage includes drain, heater and water hook ups.

4201 S. POPPIES AVE., SIOUX FALLS, SD - $725,000