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