Hey Everybody Tristan Emond with mindful living Realty here on today's black Hills trail. We're going to walk part of the flume trail.
We parked off the spring Creek trail head just off Sheridan Lake road. Took us about half an hour to get here from my house. Beautiful day 65 degrees. Sun is shining. Flume Trail is an easy to moderate hike and your Sheridan Lake that you can access from three different trail heads. This is a good trail that you can take your children on.
The historic flume tale takes us back in time to the mining boom of the 18 hundreds. The Rockville flume carried water 20 miles from spring Creek West, or the present day Sheridan Lake East to the Placer diggings near Rockville. The flume operated until 1885 and enabled miners to take over 20 million in Gold.
The entire trail is 11 miles. With a three mile loop, but there are plenty of options to just walk a few miles or stroll by spring Creek.
the most popular features of the trail are the two walk-through tunnels. These tunnels were drilled or blasted through solid rock in 1880.
In 1985, the tunnel entrances were reconstructed to assure safe passage. The rock is metamorphic schist, approximately 1.7 billion years old, likely to be one of the most ancient things you'll ever be able to touch.
Along the way, breath in the fresh air. Stop to smell the flowers, take in the scenery and take your dogs for an adventure. This is the black Hills nature at its best.
Thanks so much for watching my video today. We love or black Hills playground. If you haven't already check out my black Hills playground playlist, and we love rapid city playlist, and don't forget to subscribe for all of my rapid city videos, take care and remember love where you live.
Money money, money, you get it. And then you spend it all away. Today's video. What's the real cost of living in rapid city.
Everybody I'm Tristan Emond with mindful living Realty, a realtor right here in rapid city, South Dakota. Welcome to my YouTube channel, where we talk everything about moving to rapid city and the wonderful things about rapid city and the black Hills. According to faculty.com, South Dakota ranks as the fifth, most affordable state in the union.
in the 2020 study. Well, how does Rapid City fit in all of this? Let's check it out now, before we talk about the cons of living in rapid city, we need to back up, show you the map again, give you a feel for what happens around rapid city. We're a tad bit isolated here in rapid city. We're five hours away.
From the nearest bigger cities. It's five hours to Sioux falls, five hours to Bismarck, five hours to Billings, six to seven hours to Denver. So what this does is it creates about 150 mile trade radius among the communities that surround us due to this trade radius, the tourism industry of the black Hills, the agriculture that surrounds us.
And the goods and services provided to the Ellsworth air force base. The economy in rapid city is usually fairly stable. Remember the housing crisis in 2008, rapid city went down about 6%. Well other cities went down 50% or more. So now that I've set the scene for you, let's go and talk about. Cost of living in rapid city, South Dakota cost of living in rapid city.
Number one, well housing of course housing, rapid city has nothing but grown since 2010. In fact, the median home price sale value in 2010, it was about $160,000. Now in 2020, that's about $220,000 for the past number of years, we've experienced low inventory, high buyer demand. Which of course is the reason for these prices going up with the number of people moving to rapid city, the rental market has been tight as well.
Fortunately, there have been a number of new construction apartment buildings that have helped ease the supply issue, but the prices still remain kind of high. That one bedroom studio apartment will be right around $6-700 a month. Plus utilities. If you're looking to rent a house. A two bedroom, one bath home, about 900 square feet.
We'll be right around $800 to $900. A three bedroom, one bath, 1000 square foot property. That'll get you right around $900 to a $1000 dollars. If you're looking for a bigger house, a four bedroom, two bath, but 1800 square feet. That's going to run you anywhere between $1400 to $1,600 a month. And that of course may not include in utilities to the property.
So what kind of home can your money buy you in rapid city? Let me showcase to you four different properties. We sold this year. Different price points to give you a feel for just this. This first one is a two bedroom, one bath 1300 square foot property with no garage. It sold for about, $150,000. Here's a three bedroom, two bath.
5,000 square foot property with two car garage. That sold for $225,000. Here's a five bedroom, two bath 2,700 square foot property with a two car garage. That sold For about $300,000. And this one is a four bedroom, three bath 2,700 square foot property with three car garage, beautifully done. For $400,000.
So if we take each one of these price points and we consider a 4% interest rate at a 30 year loan, we add in the present taxes and run an estimated insurance. How much would your total payment be per month quick? Disclaimer, this data is all based upon November 2020 numbers. The interest rates will change.
The taxes will change the insurance premium that you get might be different than my estimate, but this gives you a ballpark figure to give you an idea of what a monthly payment might be when you see these properties. Okay. When the work's done. Yeah. So that 150,000 a property. Based upon the previously before mentioned aforementioned its backs and disclaimers run about $950 a month.
That $225,000 property, about $1,400 a month. The $300,000 property about $1850 a month. And the $400,000 property. Right about $2,400 in a month. Cost of living in rapid city point number two, property taxes and property insurance. Now we will be talking about taxes later on, but only made sense after housing to talk about property taxes, as well as property insurance, the average property tax rate for the four properties I showcased was 1.1%.
So that's $300,000 home you can expect to pay about 3,300, the $3,400 in taxes each year. Your homeowners insurance. There are so many factors that come into play. As far as your homeowner insurance rate, it could be your credit score. It could be the age of the roof. It could be the type of siding. All those things play a part in your homeowners insurance policy.
Now here in rapid city, South Dakota in Western South Dakota, because we have this thing called Hail that we have a tendency to seem to accumulate. A lot of our insurance rates are actually a little bit higher than many of the country. If you go to sites like insurance.com. They'll list each state and the average homeowner's insurance premium in that state, South Dakota on a $200,000 property.
It lists us at $2,640 per year. To me, that seems pretty high based upon my experience, talking with my buyers and our own personal insurance on our 2200 square foot home with two car garage, we pay about $1,200 a year for our insurance policy cost of living in rapid city. Number three utilities. We do get cold up here.
So heat something you're going to want to have and believe it or not, the summers get hot enough that you probably want to go and have air conditioning as well. I took a look at the utility data sheets provided by some of the listings in the past year to get an idea of what your average utility costs might be from this information.
A home with gas fired furnace and air conditioner was about $150 to $160 for gas and electricity. You're sitting utilities such as city, water, sewer, and garbage ran between anywhere between $90 and a $100 dollars. Would you need to take into consideration the number of properties in rapid city that were in built all electric, which means they're running those baseboard heaters and probably built in the seventies and eighties.
So they're not quite as efficient that electric bill might be closer to $200 to $300 a month to take care of that baseboard, heat andwindow air conditioning unit. The other thing that we can kind of lump into this utility section is homeowners association fees. Now this is more prevalent in communities outside of rapid city, but there are few neighborhoods in rapid city that had HOA fees.
Now these can run anywhere from a hundred dollars a month to a hundred dollars a year. So make sure you include that in your penciling out of numbers for our home. Of course we can't get by without talking about internet. We've got to have the internet in rapid city. We've got two main broadband providers.
Now it'd be Midco and fast. Both have programs running, you buy between $40 to $80 a month, depending on the type of service you get, as far as your TV is concerned, there are so many choices that we're not even gonna spend time talking about that on this video, it's almost like I'm saying, go read a book.
It must be time to go grocery shopping. So in rapid city we have four major grocery shopping options. Our target is a super target, so you can go grocery shopping there. You've got two Walmarts. That's usually where we grocery shop because it's cheaper. And we got three old kids that eat a lot food. Then you also have two safe ways.
And two regional grocery stores called family fair. So I feel like Safeway sometimes going to be a little more expensive. So let's go with the family fairs, split it in the middle lets get inside and check out some grocery prices.
Milk, eggs, cheese, who cares?. What about ice cream?
cost of living in rapid city. Number five, gasoline got to keep those cars rolling. The time of this video gas was $2 and 28 cents per gallon, four 97, octane or regular unleaded gas. Now here in rapid city, we don't have a lot of competition from one gas station together, gas station, the other gas station.
They might vary a couple cents, but usually you're not going to save 10 cents by running across town. So the price. It's kind of the price. Sometimes we may see gas prices. Hike up a little bit. During the summertime, when more tourists are coming out, we have more people in town and, you know, supply demand.
So price sometimes comes up a little cost of living in rapid city. Number six. Coffee. Of course, since we're talking about gas for the cars, we should probably talk about gas for us. We've got a great selection of coffee shops in rapid city, from local ones, such as essence of coffee to regional ones, as you've dunn brothers and pure bean.
And of course we've got the Starbucks and every corner a Large Americano costs you about $3 and 50 cents. A large midstream that is your caramel macchiato, because about $5 and twenty-five cents. And a large Frappaccino with the whipped cream and drizzle cost about $5 and 75 cents. For your coffee enjoyment, it should be need.
Right. Coffee needs. Coffee needs. Okay. Cost of living in rapid city. Number seven, going out to eat restaurants. Rapid City also has several dining options where they're looking for fast food, national chains. Or local cuisine. We've got it all here in rapid city. Your fast food drives you it'll cost you about eight to $10 for your traditional burger combo.
Or you can try your national chain says Olive garden and spend anywhere between $12 to $20 per meal. Of course this doesn't include any drink and desserts, or you can go notch up with upscale restaurant and such has been Minervas restaurant, which will be between 20 and $30 a plate, or go down to the Del Monica grill downtown.
For an amazing steak between 30 and $60 a plate. And of course you can't forget about your staple Chinese food. We like Golden Phoenix. We can get an entree between seven and $9. Your pizza and beer lover. You got to check out the independent alehouse downtown on St. Joseph street. Can I handcraftedpizza for 12 to $14 plus craft beers, many on tap.
Gotta check this place out. Of course you can always get your single topping hot and ready. $6 little Caesar's pizza. Or your $12 pan pizza for pizza hut or even your 16 to $18 specialty pizza at boss pizza in town love your craft beers. Rapid city has a number of craft beer locations, Dakota point Brewing. For example, you can get a 16 ounce pint there for about $6 fast food Chinese pizza.
Fine dinning beer, not even mention a few of the other great places. Well, you need ready to go to the movies. The golden ticket cinema is our newest retrofitted theater with the reclining seat and full service food a ticket to here is $12.75, not including of course popcorn your food, your snacks, et cetera, et cetera, et cetera.
You can also check out traditional AMC theaters for $12.75. We'll go downtown to the historic elk center where tickets are only $5 cost of living in rapid city. Number nine. Entertainment, what else is there to do? I'm sure you want to spend a lot of time with the black Hills to make sure you get your annual forest service pass.
These are $40 and that way you don't have to spend the daily, use fees at all the picking areas, lakes and other places you'll want to stop and hike. You also will probably want to get your annual state park sticker so you can explore Custer, state park, anytime you want. And also head on down to Angustura reservoir, which is Angostura state park.
These are $36 a year. Ready to explore the black Hills a parking pass at Mount Rushmore is $11 a drive through bear countries. $18 a person with a maximum of $65 a car. One of my favorite places is the Rushmore aerial park. Go climbing on the high wires for $49 in town. You can practice your putting at pirates mini golf for $9 a round you can check out a rush hockey game between 18 and $40 a game.
Or leading into the artistic side at canvas to paint for $40 a painting session. If you have more refined tastes, you can watch the black Hills symphony orchestra at the performing arts theater for around $32 a ticket. Let's start, forget all the free things you can do around town. Hiking, the trails on Hanson Larson, Memorial park Kyaking and Canyon Lake biking down the bike path and story book Island is even free cost of living in rapid city.
Number 10 gym activity memberships. There are Friday a different gym exercise and activity memberships here in town. Planet fitness is up at the mall and they've got the traditional $10 per month starter package. You can do yoga at a number of different studios for around $60 a month. The YMCAs membership is about $60 a month for access to its pools, workout area in courts.
And for about $30 a month, you have membership to the rapid city recreation center and have access to that pools. And wreckable courts. Of course, this is a very short list of the options that are available, but it should give you a feel for what you can expect at various clubs and memberships around town.
Cost of living rep the city, number 11, caring for your family. Full disclosure here, hearing it again. My youngest child she's 17. We've never used daycare and neither me or my wife's parents are old enough to need any elderly care services. So the information I provided here today has been my research based upon what I can find here in rapid city.
So you don't have to do it. There are a variety of daycare options in rapid city. Premiere larger scale YMCAs type daycares to your home-based businesses. Based on the information I could find online, you could spend from $150 to $180 a week for full-time daycare services. If your child is old enough to just drop off afterschool those daycare services range between $65 and a $100 dollars per week, of course each daycare will have their own rules and regulations about group rates and family rates.
As far as caring for your elderly family members in nursing homes, I wasn't able to find any actual pricing on the websites. Over senior advice.com reports rapid City having a nursing home average of $4,800 to $7,500 a month with an average of $5,580 a month. For that nursing home care cost of living rep city, number 12, Taxes Taxes Taxes
I've been waiting for months to play that clip. As I mentioned before in this video, South Dakota does not have a state income tax. They also don't have a corporate income tax making South Dakota, very business friendly State. However that money's got to come from somewhere. Right. So that's why you'll see our property taxes be considerably higher than other States around the country that actually have a state income tax.
The other thing that you'll find is that we'll have sales tax on everything for South Dakota. Our sales tax rate is 4.5% and each city has their own sales tax. On top of that, the living rapid city, you're spending 6.5% sales tax on everything you buy, whether it be a good, a service, a food, whatever, even them there realtors charging 6.5% sales tax to the state.
Cause that's what we got to do. It'll be interesting to see what happens as far as taxation in the state of South Dakota. And then it, a couple of years, we just legalized marijuana. So we'll see what happens with that tax revenue as it in the years to come. Finally, I have to give you a few tools that you can use to determine whether rapid city is the place for you based on the cost of living and where you are now.
And the description below, I provided a bunch of cost of living calculators. Let's get into one now to show you how it works here. We are in best places.net cost of living calculator. Now there are other websites you can use. I'm just on this one because I liked the way it looks and all the ways I like the way it works.
Um, so we entered where you live now. So let's type in Denver, cause that's say closest metropolitan area to us, uh, come into rapid city, South Dakota, and they'll just keep the income annual income at 50,000 at the calculate button. So now you can see you. If you got a solid 50,000 dollars in Denver, you could actually survive on $34,015 here in rapid city with the same assumptions.
It's interesting here. Now she's crawled down to this. Cost of living index is right here. You can see where a hundred is. The us average rapid city is at or below every us average on except for health care. The only reason I can think of this healthcare is higher is because we do have no competition in our area.
And with our trade radius, we have a lot more people coming to our area for the use of the medical services. So be sure to check out some of these costs of living calculators. See what you think, see how they relate to you and where you area comes from. And don't be afraid to hit the customized button if you'd like to do that as well.
If you've enjoyed our video today, please give us that coveted thumbs up, hit that subscribe button and make sure you click the notification bell to be notified of all of our rapid city videos, Thanks again for watching have an amazing day and remember love where you live.
Welcome back to Tristan about town today. We're just beyond Mount Rushmore. We're going to do some rock climbing.
Hey, I'm Tristan Emond with mindful living realty, a realtor right here. Rapid city, South Dakota. Welcome to my YouTube channel, where I talk everything about moving to rapid city and the wonderful things about Rapid city and the black Hills. Be sure to hit that subscribe button, click the notification bell to be notified of all my rapid city videos.
Let'sget climbing We started our adventure at the wrinkled rock climbing area, just outside of Keystone, South Dakota. Now that is a bit of a work out thanks so much for watching. And love where you live
Welcome to Canyon Lake park. This is one rapid city's most popular parks. I'm going to show it to you right now.
Everybody Tristan Emond here mindful living Realty. Canyon lake park is on the West side of Rapid City. Canyon Lake park a total of 29 acres. Cast your rod from the fishing bridge or from any of the many docks,
Rent the gazebo on Gazebo Island for your wedding graduation or special event.
There's always a collection of geese ducks and other birds hanging out. Enjoy butterfly gardens one of rapid city's community flower, regardless. This is my favorite protect shelter. Chimney shelter is one of four shelters in Canyon Lakepark
The Boat Dock off the West end of the Lake allows you to launch your canoes and kayaks easily.
There's so much green space and trees for you to enjoy, including a sand volleyball court, baseball areas, and multiple tables and barbecue grills. Watch the kids slide down on the playground equipment.
The three shelters on the East side of the park are near parking lots, have barbecue grills, tables. Bathrooms and playground equipment.
Appreciate the water running through the park.
This is the spillway. Canyon Lake is formed from rapid Creek, which starts at Pactola reservoir in the middle of the Hills.
timeout. Hey, if you like this video, go ahead and give it the thumbs up that makes YouTube know we're doing a good job, plus make sure you get all my rapid city videos by hitting the subscribe button and ringing that bell now. Back to the show. The bike path runs from one end of the park to the other.
Don't forget to come by in the evening to watch the glorious black Hills sunsets
kayaking, paddle boarding and canoeing are popular sports on the Lake. Sorry everybody. No wake boats.
Here you can see rapid Creek coming into the Lake and the boat ramp during the summer, you can also rent pedal boats.
Hey, thanks for watching my video. If you haven't already check out my moving to rapid city video and also check out this playlist. Other great rapid city areas have a great day and remember love where you live. .
So you were there, but you want to be here, but you can't be here until you're done there. And you want to buy a house. So how can we make this work? I got you covered in today's video. It's the eight tips to buying a home long distance.
Hey, I'm Tristan Emond with mindful living Realty. We've helped a number of clients move into the rapid city area, large distance with your planning and move to the area. Or just thinking about the possibility of moving to the area you were in the right place. Plus stick around to the end. to get to hold of my relocation guide to the Rapid City area?
Now it's armed with the show. Step number one, contact us. I know, I know you want to do as much research as possible before contacting one of them thar, realtors, if this is you, you're also in the right spot. Go ahead, click subscribe. Get that notification bell, make sure that you are received in my notifications for new videos of rapid city and how to buy a home in rapid city, however contacting your local real estate.
The agent who has knowledge of the local market with knowledge of the area. who has knowledge of even the shopping spots, the malls, the parks could greatly reduce your time, searching for homes, searching for area. searching for that spot. You can cut a lot of time by contacting the professional and saying, Hey, this is what I'm thinking about.
How can you help? We're pretty easy to get a hold of, send us an email, send us a text, hit us up on Facebook messenger, whatever works great for you. We'll find that message. We'll get back to you, even if you're a year or more out. Get a hold of us early, so we can help you really hone in on that place. You want to buy it step two, face to face call.
Once we're connected, we'll set up a virtual face-to-face meeting so we can see each other's faces and see each other smiles. We'll ask questions about what you're looking for in a home. Would you like to do what you're looking for? As far as your dreams are concerned, all these questions were helped us put you in that home that you're looking for and in that area that makes you smile.
Plus, when I can see your face. I can see some answers to my questions before you actually answered them. Number threespecialized Home search set up. Yes. I know you can go to any real estate website, even Zillow and set up a saved search, or you can get listing sent to you, et cetera, et cetera. However, our collaboration system has a few more data fields into it.
We can do some more searching on that, which helps us then plug in more parameters. And then you can get a more specialized, detailed search for you. For example, rapid city is divided into different areas in our multiple listing service. So you can search for more than just zip codes. I did a video about that.
You can watch that right here. our listing alert collaboration center is not only powerful. It's mobile friendly as well. You can go into each listing and mark each favorites, undecided or reject number four, adjust your parameters. Now, after a couple of weeks, you can really get a good feel for what is there, what you can get for the amount of money you want to spend.
And you might be thinking maybe I want to spend some more money. Or maybe I don't want to spend as much money or maybe I want to live in this neighborhood, or I would be in this school system, whatever you decide, as you start looking at properties, we can adjust your searches so that you can get what you want in areas that you're looking for.
Inevitably, you're going to change your mind at some point to determine what you want to have in our area. Number five. Virtual showings. Once you get closer to being interested in buying a property, we'll start going through homes virtually and showcasing them for you. What I'd like to do is use zoom to go through each home.
And I actually walked through the property and opened the closet doors and look under sinks. I make sure that you see everything that you need to see as we're going through the property. Now, there are a lot of 360 degree virtual tour programs out there that showcase the property beautifully. And they work amazing, but what they don't do is open up the closet doors.
They don't voice their opinion of what's going on or how the property fields, all of these things, what I do when we go into property and do our virtual tour with you on that property, Number 6 schedule a visit, hopefully at some point, you'll be able to schedule a visit to rapid city and take a vacation in the black Hills.
Give me one day to show you on rapid city, we'll drive through some neighborhoods. I'll show you my favorite places. We'll look at some parks. We'll show you the areas around the shopping centers. We'll even maybe tour a vacant home or two. That'll give you a better feel for the area and the town. Number seven showings and offers.
If during your visit, you're ready to buy. We'll line up as many homes as possible. Look at it in a day and look at them all. Then we'll have time to schedule second showings on your favorites and finally make an offer in person on the one that you love. We'll even put together an offer on your second choice, just in case that first one doesn't work out.
You've done this many times before you've had military clients fly in for the weekend, choose the best home available that they like to buy. And off they flew out again on Monday morning, we took care of the rest. If you aren't able to personally visit, but still need to buy, we can do it all virtually. And with three signatures.
I don't highly recommend this because there's so much more to a home than the way it looks in the numbers. There's, there's a feel there's connection, but sometimes you gotta do what you gotta do, and we've got everything in place to help you do. Just that. Number eight, the closing process over the nexttwo weeks, we will be your eyes, ears, and legs in town.
We'll schedule the home inspections. We'll follow up with your lender. We'll make sure the title company has everything they need for closing for one couple, we even checked on the construction of it, their new home. You can see their story here. If you aren't able to make it here for closing, we can schedule a virtual walk-through and a mail away.
Closing what happens there is all the documents get sent to you where you're at. And you'll sign a hotel company near you will then nail them back to here in rapid city. We'll we'll close on our day of closing. Then we'll meet you at the door with keys in our hand, and a smile on her face. And he was wine there.
You have it. The eight steps of buying home long distance. Now I've also put together the 13 reasons why you should move to rapid city relocation package in this you'll find moving links, utility information, all the different reasons why we think rapid city is such a great place to download that your copy below by clicking the link in the description.
We're happy to show you our love for the area. Hit us up and lets get going. Thanks for watching. And remember love where you live
When you start looking for homes in rapid city, the first thing you'll notice is areas. What are these areas? If you've never been to rapid city before you don't know what Southwest is, what Northwest is. And what in the world is pine Grove stay tuned. I've got you covered.
Hey, I'm Tristan Emond with mindful living Realty. And in this video, we're going to talk about the different rapid city areas. According to the black Hills MLS, to help you understand where the home is that you're thinking about buying. Tell if you understand how Rapid city is laid out, let's look at this overview here in Google maps.
You can see here as the black Hills are on the West side, East side, rapid city over here and right down the middle, you have skyline drive and M Hill, dinosaur park is right here. What you'll notice is right here through the middle is an area where the majority of the traffic goes through. And this is a dividing line from West rapid city to East rapid city.
This right here, it's called the gap. The other thing to point out is Omaha straight here, but Sharon's going to wish Chicago is the main dividing line when it comes to North rapid city and South rapid city. Now let's look at the zips. This website here did a very good job of showcasing the zips in and around rapid city.
Cause you can see, as we scroll interrupts 57702 accompanies the West side of rapid city 57701 is the East side of rapid city 57703 is the Valley area. If you scroll North, we'll see box elder's 57719. This here is actually 57706, which is Ellsworth air force base. 57769 is Piedmont.
As you scroll here. This, this is 57718, which is Blackhawk and Somerset. These are the main zips of Rapid city, but as we scroll up, we can see more around the area. Hermosa is 57744. Custer is 57730 hill city is 57745 .
So we go out to Sturgis as 57785Spearfish 57783 lead-deadwood is 57732. This is a great representation to help you understand the zip codes around the rapid city area. Now let's get into areas. Everybody. Here we go. I've got my map put together for the black Hills.
MLS areas that we have. And you'll notice that we have the black Hills here. Uh, rapid city is here in the blue, the surrounding areas in the yellow. And of course, as we go over to East here, we've got East part of South Dakota. So scroll ona highlighted section here. And we'll start off with North rapid city and you'll be near Walmart here in rapid North rapid city.
The mall is here down here. You'll find some, um, closer to the original homes, which in the 1940s, the 1970s. North of the mall. You've given some eighties homes and some newer construction as we go off this way. And even up here in Auburn Hills subdivision now let's move over to the Northeast section, which is right here.
This is mostly commercial area down in this area here, up here on Dyess Avenue, though, you can get some bigger acreage Prairie properties if you've lost what you're interested in. So that's what we have in the Northeast section. As we scroll down to this area here, this is a rapid dally. The main part of rapid Valley has a bunch of different property types, different ages, different sizes, quite an eclectic bunch here, not the Valley.
Some of them are property areas. Here are the newer areas up here called big sky. And over here is cover field and up here as a newest construction called Copperfield vistas as move out here, we'll go over to.City center, obviously city center is just that it's mostly downtown. We'll find some smaller properties over here, closer to the school of mines and some older properties down here near downtown beauty of being in the center of city center area is of course you'rewalking distance to downtown scrolling down then to Southeast rapid city.
What we'll find here is neighborhoods such as Robinsdale and new Robinsdale new construction down here. As well as being in a hospital environment and medical field. So if you need a job in this medical community, Southeast is a good place to be moving out. Now, just go to West Boulevard. West Boulevard district is the historic part of rapid city.
Many 1900 turn of the century homes outlining what's Boulevard. As you go the up to top of the Hill here, you all have many beautiful properties, as well as a lot of more expensive properties. As you drive by flormann in here going up to Skyline drive as we get into Southwest area, rapid city just right here.
Yes. From 1940 to 1960 neighborhoods in these areas down here, canyon Lake view homes and open this area. golf course properties around here. And as you go corral drive, there's some million dollar properties up here in the Southwest part of rapid city. Let's cool now to Northwest rapid city, you'll find these neighborhoods here are again the 1940s to 1960 neighborhoods, but easy access out south canyon road and nemo road to the black Hills, as you scroll back out and go a little bit further to the West.
I have a Nemo road area, which as you might imagine, follows Nem0 road for a bit, most popular neighborhoods on this road are the Westbury trails and South Canyon Country Estates going back out and go down one, too Rimrock, which follows highway 44 was also called Rimrock rock highway. There's some plenty of black Hills properties along this road, along with heritage homestead, Johnson siding and some Creekside property.
Just to the South is Sheridan Lake road area. And as you can imagine, it follows Sheridan Lake road out of town. Popular Sheridan Lake road neighborhoods include the 1980s countryside, the 1992 area countryside South, as well as communities built around red rock golf course, including red rock Meadows, and red rock estates.
As we back out. Now, we're going to go over to the East a little bit more, and this is pine Grove. Pine Grove includes this area is Southeast of highway 16. Some popular neighborhoods are around the South and the Rockville road. There's some beautiful black Hills properties and townhomes long spring Creek road near the heart ranch resort.
As we scroll up again, can see just to the east of it, which is the neighborhood of black gap. Black Gap subdivision includes good size homes on larger lives and stuff. Now let's talk about the areas around rapid city here in the yellow. As you scroll over here, you can see this is box elder area, of course, box elder and Ellsworth air force base.
Follows,out a little bit here just to the Northof box elder is elk Creek area. This is elk Creek road here, and you'll find properties along this side of the East side that are Prairie, like, and more black hills foothills as you go towards I-90 Scroll over,you'll see Piedmont Valley. This contains cities such as black Hawk.
Somerset and Piedmont on the I 90 corridor scrolling up a little bit more. We have the Sturgis area. Obviously this contains the city of Sturgis. As you go outside of Sturgis, there's a road called Boulder Canyon. This is deep BOLO Canyon area properties along this road here. Scrolling out and down, we've go to the property just below black gap.
And that is Hermosafoothills, which contains the city of Hormosa and the area just South of that, just off to the West is Mount Rushmore, which will be the area from Hormosa all the way over to highway 385 to include Keystone and Rockerville. The other areas include Northern Hills, which includes Deadwood, Spearfish, and belle fourche.
Central Hills, which includes Hill city and the area West towards the state line and Southern Hills, which includes custer and Hot springs as you go to the East, you'll be in Southern Plains, central Plains and Northern Plains. There was one thing that you really needed to be aware of though within the black Hills area, there are two realtor associations.
One is called the black Hills association of realtors. The other is called Mount Rushmore association of realtors. The areas listed in our association are different than the areas literally than the Mount Rushmore association. The easiest way to tell which association this property is listed in, whether it be the black Hills association realtors or the Mount Rushmore association realtors is to look at the MLS number.
If the MLS number is above 150,000, that will be part of the black Hills association of realtors. If it's below a hundred thousand, that'll be part of the Mount Rushmore association realtors, at least as of March, 2020. Yes. I know it's ridiculous, but that's the way it is. Now that you know what area you want to live in, you can hone your search based upon that area to find out the properties that are just in that spot.
Now, if you go to one of the national portals, such as realtor.com and Zillow, they may not have a way for you to search Via by area, but only by zip code. But if you come to my website, rapidhomesonline.com, you can search specifically for the areas you're interested in and get alerts for those properties.
Make sure you hit that subscribe button, ring, that bell for notifications to stay up to date on all my rapid city videos and how to buy a home in rapid city.
This weekend, we're, um, off iron mountain road, gonna go backpacking spending the night in the Hills, out of the campground new experience for me, if I'm not back by 10 Sunday, um, some, you know, call the cops.
We got Harney peak over here. I seem to see way over here. I see the baldies other side of Mount Rushmore. time to get more water at the Creek. and watch the sun go down.
hope you enjoyed watching our backpacking adventure. Sorry. For the vertical video I did at a time where I thought that was going to be the next best thing. I guess not so much to see more videos about the black Hills.Check out my black Hills playground playlist. Don't forget to subscribe to my channel where I talk about moving to the rapid city area and everything coolabout rapid city, the Black Hills. Thanks again for watching and remember, love where you live.
What happened to summer? It was here, it was gone, and now it's time for your summer market update report!
I've got numbers scribbled on a page let's do this.
Hey everybody, I'm Tristan with Mindful Living Realty. Welcome to your Rapid City Real Estate Market Report: Summer 2020. Let's take a look at what happened during the summer. What's happening right now. And maybe we'll gander a little bit into the crystal ball see what might happen in the future.
What happened during the summer?
If you ask any real estate agent to describe summer 2020 real estate they'll tell you one thing: busy. Just because there was a pandemic on doesn't mean people weren't out buying and selling homes in the Rapid City area.
Now I did pull some numbers…I know numbers are boring, but I want to make sure that you know what I was talking about and not just spouting stuff like: “Now it's time to sell your house! Now is time to buy your house!”
From June 1 to August 31st in our MLS, which includes not only Rapid City but also certain areas of the Black Hills - I used the whole MLS system. Within our black Hills MLS system there were 920 homes sold during the summer. With an average days of market (DOM) of 39, and a median of 13.
Just to give you an idea what that means: 429 of those homes sold in single-digit days.
We weren't kidding when we were telling your homes are flying off the shelves.
Low inventory, high buyer demand, lots and lots of bidding wars.
One of my first-time homebuyer families lost out on three homes before they finally got the fourth one. My buyers were patient they were perseverant we found them a property got in there right away put in a strong offer with a short time frame for acceptance and got it accepted.
What about now? What's happening now with residential real estate?
Over the past couple days there were 34 homes that were new on the market. 27 under contract and only nine of those were single digits.
So presently, we're seeing the days in market expand just a little bit. But don't let that stop you from making sure you present that offer -that strong offer, right away.
I got into the back end of our Black Hills MLS system.I entered Active and Residential. How many homes do you think popped up?
That's it, 287 active homes in our entire black hills MLS system.
In years past it's been at least double that. So, when we say there's low inventory, there's low inventory.
The other thing that's interesting right now is new construction. Now we're seeing a lot of new construction going on right now new developments. But, with COVID, all the hurricanes, plus all the hail storms in our area, we're seeing materials not only take longer to get here, but also the price going up. New construction homes are going to get more and more expensive and they're also going to take longer to get built.
What’s going to happen the rest of this year?
Of course, the answer really is who knows? But that's no fun let's talk about what we think might happen!
I'm currently working with clients from about 10 different states that are all talking about moving to South Dakota. Now this just happened for me just a few weeks ago. And they're all talking about moving to the area within the next few months or spring of next year.
Add to these people coming in the current low inventory, and as we're getting closer to wintertime when Sellers are saying "Yeah I'll just wait to list till spring"; I don't foresee the market shifting or slowing down anytime soon.
However, I've been wrong before this is a weird election year.
And, hey, it's 2020 who knows what's really going to happen.
What does this mean for you?
If you are a seller you're thinking about selling your home; it is a seller's market. The inventory is low, buyer demand is high. You should be able to get your home sold for a very competitive price very quickly.
However, this also prevents a challenge for you if you want to sell and buy and possibly move up. Number one the home you want to buy probably won't accept the home sale contingency because, why should they? Another buyer will come along without one and just buy out from underneath you. Number two, even though you're getting more money from your home all the rest of the prices have gone out too. So unless you really want to jump from your price to the price of your home to the price of the next home it could be very difficult to really get you to something that's actually an upgrade based on where you want to go.
Buyers - I'm sorry, it's kind of the same thing: patience, persistence, get in the game, play the game, keep putting offers in. Make sure you have an understanding of not only what you want, but also what you need your time frames and what means the most to you sometimes it might simply be "Hey, I just want to get into a house".
Thanks for watching our video today! I hope you liked it.
Do me a favor hit that subscribe button, click the notification bell, give me a thumbs up! Make sure you stay abreast of everything that's happening in Rapid City real estate and moving to Rapid City in the Black Hills area plus all the cool things around.
We love our area we want to make sure that you love where you live too. Have a great day.
Hi everybody. It's Tristan Emond, Mindful Living Realty.
Welcome to your June Rapid City real estate market report!
The Rapid City real estate market has been hot! Things have been selling in a matter of days, sometimes even hours, depending on the location, depending on the price, depending on the quality and condition of the property.
I had a time scheduled to meet with my buyers to look at four properties. By the time I arranged those four properties, three of them were under contract. We only looked at one that evening.
Typically, in Rapid City, we will have a strong spring market. March through May gets to be very, very busy and then it usually slows down again during the summer months when people are vacationing and enjoying the Summer.
It seems to be when we have things that slow down the spring market such as last year's lots of rain and flooding situations and this year's COVID situation, the summer then becomes just as hot, if not more so, than the spring before. All that pent-up buyer demand just funnels into the summer.
We consistently have low inventory, high buyer demand, which of course raises prices and increases those multiple offer situations.
Yes, that means this is a seller's market.
If you are a seller, you have the upper hand. Or if you're thinking about selling your property you are in a good position to get your home sold quickly.
But buyers aren’t stupid. They're not gonna buy your property if it isn't ready for sale, if it isn't up-to-date, if it isn't taken care of. Don't expect to get high market value for your property if you haven't done those basic maintenance items on your property.
Buyers: you need to have patience, you have persistence, and need to have the tenacity to jump into the game and to make offers on that property that you like. So, this is why we recommend that you really hone in on knowing what you want on a property and you listen to your gut when you walk in that front door.
As always, we at the Emond Team have the experience and know-how to help you buy that property - get into the one that you want or get your property sold for as much money as possible.