October 2010 Market Conditions for Black Hawk, South Dakota

Real Estate Broker/Owner with Coldwell Banker - Lewis-Kirkeby-Hall

Market Conditions for Black Hawk, South Dakota

Reported by Duane Hosek, REALTOR, ABR, SRES, REALTOR-Associate

As of November 8, 2010.

Current Market Rating: 1

2 3 4 5


Current Price Trend: 2

2 3 4 5


During the month of October, 2010 there were 13 new residential listings in and around the Black Hawk and Piedmont area compared to 21 last month. The total # of homes for sale is 111 compared to 133 last month. 4 homes have sold or are under contract compared to 14 last month. The avgerage price of a single family home in the Black Hills is $175,018 which is down from $182, 530 last month, with an average of 83 days on the market which is down from 104 days last month. Sellers have been receiving 97.60% of their asking price which is down from 97.75% last month.

ZIP Code: 57718

Location Characteristics: Black Hawk is located in the beautiful Black Hills of South Dakota just 5 miles west of Rapid City on I-90. 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. Black Hawk is nestled into the pine trees and is a very nice peaceful small community which you will feel right at home in. Please visit, enjoy, and live here in the tranquil beauty of the Black Hills.

For More Information:
About Duane Hosek:
MLS Listings: Black Hills Board of Realtors
Web Listings: We have over 22 websites.
First of all I am a full time Realtor and you can contact me from 8 am to 10 pm 7 days a week.
Our company, Coldwell Banker - Lewis-Kirkeby-Hall has maintained the title of the #1 Real Estate Company in the Black Hills 35 years in a row! My work ethic is very strong and I will help you through the entire process of buying real estate.

My real estate team and I can provide the following for you:
Provide a counseling session with you to discuss your needs and goals.
Provide you with a copy of the Homebuyer Guidebook.
Offer a pre-qualification or pre-approval appointment with a reputable lender.
Show you properties that meet the criteria you have selected.
Contact you after the closing to follow up on any remaining details or service needs.

There are several other services we offer and will do everything we can to make this process go smoothly and worry-free. Again, I look forward to helping you find your own piece of the Hills.



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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL

Great update on the Black Hawk area I love to read updates from other areas to see where the markets are going. Thanks for sharing.

Nov 08, 2010 12:06 PM #1
Thanks Pat.

I appreciate that comment Pat............

Nov 08, 2010 02:12 PM #2
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