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Brookings, SD Real Estate News

By Justin Fjeldos
(Best Choice Real Estate)
1904 Morningside Drive Type: Residential Property - Single Family Location: 1904 Morningside Drive, BROOKINGS, SD 57006 Bedrooms: 3 Bathrooms: 1 full, 1 half Description: WHAT A FIND! Get the VALUE of location in an established, low traffic HILLCREST neighborhood close to schools, shopping and parks. ENJOY SPACE... This home offers over 2000 Square Feet of finish with an oversize 2-stall garage and a large park-like yard that includes a big deck and concrete patio. NOW IS the time to buy! This home is a great option for any buyer! Visit http://www.brookings4sale.com for more information.
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By Justin Fjeldos
(Best Choice Real Estate)
The Brookings, SD real estate market saw an improvement in Total Residential Sales for the month of February as compared to the same month last year.  February 2009 produced a Total Residential Sales volume of just over $1.7 Million Dollars. This is a 50% increase over February 2008's total.  The good news continues with February's Homes Under Contract increasing by 25% over 2008. New Inventory rose by 41% as our Existing Inventory continues it's upward trend, increasing by 55% in February.  Lastly, February 2009 yielded a 4% increase in Average Sale Price from $126,539 in 2008 to $131,731 in February 2009.  Nationally, we had some good news in February.  The government passed a stimulus bill that included assistance for home buyers.  The First Time Buyers can now receive a Non-repayabl...
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By Justin Fjeldos
(Best Choice Real Estate)
Brookings Real Estate market starts 2009 off the mark.  January 2009 produced a Residential Sales total volume of just under $1.6 Million Dollars.  This is a 31% decline from January 2008. On the brighter side, homes under contract in January were relatively flat with only 6% less than January 2008.  New inventory fell by 45% while our existing inventory rose by half, or 56% over the existing inventory levels of last January.   In short, this is a GREAT time to be a Homebuyer!  Interest rates are low, inventory levels are high and sales are at a slower pace than in recent years.  I have to tell all you homebuyers in Brookings South Dakota, "Now IS the time!"  If you've been watching the Brookings Real Estate market for more than the last six months, you'll know that this is a monumenta...
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By Justin Fjeldos
(Best Choice Real Estate)
Justin Fjeldos | Best Choice Real Estate | 605.691.1240 804 Medary Ave. So., Brookings, SD 5 Bedroom, Open Floorplan, California Ranch Style, Twinhome Rental in Brookings, SD 5BR/3BA Duplex $1,400/month Bedrooms 5 Bathrooms 3 full, 0 partial Sq Footage 2,900 Parking 3+ dedicated Pet Policy No pets Deposit $1,400 DESCRIPTION 2005 construction twin home in Pheasants Nest is a California modified open architecture design winner—an Energy Star qualified home. With fiberglass and cellulose insulation, low e windows, and energy efficient electric heat pump for heating and cooling; this home will consume 20% to 30% less energy! The open design, nine to ten foot ceilings, finished basement, large private covered back deck, and neighbor visiting front porch add to the livability of this home. s...
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By Justin Fjeldos
(Best Choice Real Estate)
Residential Sales Take Off Brookings area residential real estate sales strong in May 2008. Sales were up by 10% this May compared to the same period in 2007. The Brookings area Multiple Listing Service (MLS) recorded $7.2 million dollars in sales for May 2008 as compared to $6.5 million dollars in sales for May 2007. Home values were on the rise as well. The average home price for May 2008 was $157,515. This is an increase of 13% over the average price of $139,754 for May of 2007. Source East Central Board of Realtors MLS Compiled by Justin Fjeldos
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