| The real estate market doesn't seem to be
| |
| | well as the still-under-construction
|
| crashing quite as hard as industry
| |
| | Crazy Horse Memorial dedicated to Native
|
| experts and the media were predicting in
| |
| | American heroes. South Dakota is also a
|
| 2006 - home value prices haven't
| |
| | treasure trove of outdoor adventures,
|
| plummeted and the bubble hasn't burst so
| |
| | with the Badlands National Park (famous
|
| much as deflated. There are still doom
| |
| | for it's moon-like landscape), the Black
|
| and gloom predictions for the state of
| |
| | Hills National Forest and Caves as well
|
| the market, but overall, the sky hasn't
| |
| | as many archaeological and
|
| fallen on real estate. When looked at on
| |
| | paleontological sites and discoveries
|
| a national scale, the market has
| |
| | (world famous T-Rex "Sue" was discovered
|
| definitely come off it's boom of the past
| |
| | in South Dakota). Even the Old West and
|
| few years, but knowing the median
| |
| | pioneer spirit is kept alive in Deadwood,
|
| national home value of 2006 (it's about
| |
| | national historic landmark styled
|
| $221,900) and rate of home sales
| |
| | authentically after the Old West. You can
|
| nationwide won't help you when you're
| |
| | spend days visiting cultural and
|
| thinking of buying or selling. Real
| |
| | historical landmarks, go shopping, dining
|
| estate is an investment and obviously you
| |
| | and enjoy the nightlife or be adventurous
|
| want to invest somewhere that your
| |
| | with hiking, climbing, camping, fishing,
|
| investment is likely to grow. In order to
| |
| | boating, sailing and more in South Dakota
|
| somewhat predict how a certain area will
| |
| | - whatever you like, South Dakota seems
|
| do in real estate over a span of years,
| |
| | to have something for everyone, a draw
|
| it's important to look not just into past
| |
| | that pulls in many new residents!
|
| home value and sale trends, but the
| |
| | One more major factor that has kept South
|
| economy, employment and attractions of
| |
| | Dakota's real estate market strong is its
|
| the area itself.
| |
| | low cost of living coupled with
|
| South Dakota (capital city: Pierre), is
| |
| | relatively high incomes compared to
|
| one area of the nation that has stayed
| |
| | median home value prices. In 2006, the
|
| relatively strong in real estate, which
| |
| | median home value sales price in South
|
| is little wonder with all the jobs, space
| |
| | Dakota was about $152,000, which was
|
| and low cost of living available in a big
| |
| | nearly $80,000 below national median home
|
| state with a population of only 781,919
| |
| | value. In 2006, South Dakota's median
|
| in 2006. South Dakota has strong
| |
| | household income had risen above $43,000,
|
| agricultural economy of cattle, hogs,
| |
| | not too far below the national median
|
| wheat, soybeans, milk and corn and
| |
| | income. This high income combined with
|
| industry production focused on food
| |
| | low housing costs allowed South Dakota
|
| processing, machinery, lumber and wood
| |
| | families to afford more expensive homes.
|
| products and tourism. Unlike many states,
| |
| | As of now, the market in most of South
|
| South Dakota's factories have added jobs
| |
| | Dakota is steady, with average home value
|
| in each of the past three years, and
| |
| | sales prices in the Black Hills region
|
| service sectors have also grown, keeping
| |
| | steady at about $183,871 and spending an
|
| its unemployment rate at a relatively low
| |
| | average of 71 days on the market. With a
|
| 3.4% over the past few months.
| |
| | strong job market, diverse culture and
|
| This strong employment base along with
| |
| | landscape that attracts thousands of
|
| South Dakota's various tourist draws has
| |
| | visitors a year and low cost of living,
|
| helped keep their real estate market
| |
| | South Dakota's market is likely to stay
|
| steady and home value prices creeping up.
| |
| | strong, with homes selling within about
|
| South Dakota, is of course, home of
| |
| | 90 days or so of being put on the market
|
| perhaps the most famous and patriotic
| |
| | and home value averages creeping steadily
|
| sculpture in the world: Mt. Rushmore as
| |
| | higher.
|
