July 11, 2007 Real Estate Update in the Black Hills

During the month of June, 2007 there were 138 new residential listings in and around the Rapid City area. The total # of homes for sale is 531 which includes new construction, town homes, mobile homes, etc. 54 homes have sold or are under contract. Avg. price of a home in the Black Hills since the last report is $189,477 with an average of 69 days on the market. Sellers have been receiving 97.53% of their asking price.

Rapid City is located in the beautiful Black Hills of South Dakota. We are famous for the Mount Rushmore National Monument and for the millions of pine trees that make the Hills look Black. Crazy Horse Memorial is also being carved into a mountain in this area. Our city of 72,000 people has alot of big city amenities with a small time feel. Please visit, enjoy, and live here in the tranquil beauty of the Black Hills.

PLEASE CONTACT ME AT ANYTIME AT WWW.DUANEHOSEK.COM