Uncategorized July 15, 2023

Summer 2023 Newsletter

SUMMER FUN AHEAD!

It’s that time of year again where I have the opportunity to say THANK YOU to all my past clients, family and friends for past business and future referrals.  YOU are the reason for my success in Real Estate and for that I am so grateful!

Single Family Homes Sold in the Last 180 Days
Price Range Bismarck Mandan Lincoln
To $200k 17 21 1
$201-350k 130 53 14
$351-500k 73 12 3
$501-750k 29 7 0
$750k+ 5 1 0

Although interest rates are higher now, lenders are becoming creative in assisting buyers with incentives and interest rate buy-downs.  Should rates go lower, some lenders will refinance at no charge to the buyer.

Year-To-Date Comparisons 2022– 2023 2nd Quarter

AVERAGE SALE PRICE COMPARISON
Single Family Homes 2022 2023 % +/-
Bismarck City $354,818 $364,626    +2%
Mandan City $308,045 $302,076    -1%
Lincoln City $299,692 $291,968    -2%
       
Twin Home      
Bismarck City $351,629 $331,776   -5%
Mandan City $302,680 $308,053   +1%
Lincoln City $257,500 $255,000   +0%
       
Condo      
Bismarck City $181,284 $196,367    +8%
Mandan City $225,486 $269,456    +19%