« It's Your Business

A second quarter look at Real Estate - It's YOUR Business

by Mark Brown

First quarter figures are finalized. Sioux Empire is stronger in 2014 over 2012 --- but not over a record breaking year in 2013.

Cindy Monnin is President of the Home Builders Association and Brandon Martens--President of the Realtors Association of the Sioux Empire;

Building Permits

Total Dollars

2012 2013 2014

$61.5 Million $148.6 Million $109.0 Million

New Residential

2012 2013 2014

$21.7 Million $56.4 Million $33.1 Million

Additions and Remodeling (residential)

2012 2013 2014

$6.7 Million $7.9 Million $21.2 Million

Addition and Remodeling (non-residential)

2012 2013 2014

$30.0 Million $51.7 Million $33.5 Million

------------Home Sales----------------------Total Market Area

20132014 (1st Qtr)

720 653 -9.3%

------------Homes Sales--------------------Sioux Falls

2013 2014 (1st Qtr)

512476 -7.0%

------------New Listings--------------------Sioux Falls

2013 2014 (1st Qtr)

955 856 -10.4%

------------Average Sales Price--Sioux Falls

2013 2014 (1st Qtr)

$169,000 $175,200 +3.7%

---------Area Communities Sales

2013 2014 (1st Qtr)

Hartford 2 8 +300.0%

Dell Rapids7 22 +214.0%

Tea11 14+27.0%

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Brandon 34 20-41.2%

Harrisburg33 31 -6.1%

Madison 12 6 -50.0%

Canton13 4 -69.2%