Uncategorized July 27, 2024

Summer 2024 Newsletter

Summer is here so let’s enjoy it while it lasts!

A few seasonal items to enhance your joy of homeownership:

  1. Have A/C and humidifier systems professionally cleaned/serviced to keep running efficiently in hot weather.
  2. Remember to place/replace downspout extenders (after mowing) so they send water away from the foundation.
  3. Review your insurance policy to be sure you are getting the best coverage at the best value.

The market is again hot so if you’re thinking of buying or selling now is the time to make the move.

Need help selling, donating, decluttering personal items? My assistant Nicole does an amazing job for my clients. Just give me a call.

 

Single Family Homes Sold in the Last 180 Days
Price Range Bismarck Mandan Lincoln
To $200k 14 20 0
$201-350k 133 41 8
$351-500k 82 29 8
$501-750k 51 4 0
$750k+ 12 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.

 

AVERAGE SALE PRICE COMPARISON
Single Family Homes 2023 2024 % +/-
Bismarck City $363,888 $392,920    +7%
Mandan City $304,269 $320,578    +5%
Lincoln City $291,968 $343,488    +17%
       
Twin Home      
Bismarck City $332,011 $368,759   +11%
Mandan City $308,053 $317,850   +3%
Lincoln City $255,000 $265,480   +4%
       
Condo      
Bismarck City $196,106 $220,904    +12%
Mandan City $270,500 $239,536    -11%