July Market Statistics for Rapid City, Box Elder, Ellsworth AFB

Here are the July market statistics for single family homes that have sold during the month of July, 2007 in Rapid City, Rapid Valley (suburb of Rapid City) and the Box Elder area, which is where Ellsworth AFB is located.
Statistics for: Class=RE AND Type=RES AND Date Range=7/2007-7/2007 AND Area=BX, CC, NE, NW, NI, RV, SE, SW, WB; As Of: 8/18/2007

Class
Bedrooms
Current Active
Avg List Price
Avg DOM
All
All
599
$195,588
105
RE
All
599
$195,588
105
Class
Bedrooms
Total Listed
Num Sold
Pct Sold
Avg List Price Sold
Avg Sale Price Sold
Sale Price/List Price Ratio
Avg DOM Sold
Avg List Price Unsold
Pct Expired
All
All
170
94
55.29%
$171,346
$168,318
98.23%
69
$219,264
12.94%
RE
All
170
94
55.29%
$171,346
$168,318
98.23%
69
$219,264
12.94%

94 homes sold in July in these areas. Average sold price is $168,318. Sellers got 98.23% of their asking price on average. The average days on market was 69.
A typical 3 bed, 2 bath home near Ellsworth AFB can sell in the range of $140,000 and $175,000. Older homes are lower than that price. These would include homes built in the 1970's and older.
Duane Hosek www.duanehosek.com duanehosek@hotmail.com 605-391-8424 cell