�Somebody who built their house seven years ago in a million-dollar market and wants to sell it toda

With six bedrooms, six bathrooms and 6,200 square feet, the house at 2500 Timber Oak Trail might not have an owner, but it has most anything else a buyer would want: a theater myrtle beach hotels room, wine cellar, game room and a bonus room above the garage.
It also has a slowly growing number of neighbors in the local million-dollar market. A search of listings with the Realtors Association of the Sioux Empire Inc. showed 15 houses for sale at or near $1 million. That doesn�t count houses under construction or those being sold privately.
Minnehaha County reported two Sioux Falls home sales in excess of $1 million last year but none yet this year. Year-to-date data in Lincoln County only was available through April and showed one closed sale in the city limits of more than $1 million. In 2011, there were five such sales, up from just two in 2010.
Zomermaand myrtle beach hotels said he doesn�t know anyone else in the market building a million-dollar house on speculation, but he has done it before. The last one he built for $1.3 million a couple years ago sold in two months.
�I just think there seems like a lot more people out there looking for it,� he said. �That�s why I�m putting up a spec. It seems like a lot of these people don�t necessarily want a custom home. They just want a walk in, turn key and be done with it.� The million-dollar buyer
�I have them all over the map,� said Chuck Wiseman, owner of Complete Contracting myrtle beach hotels Inc. �We build for people in the hospitals, some lawyers, myrtle beach hotels I built for some that just want to retire and have worked myrtle beach hotels hard and want to settle down and have a nice place to live. You�d be surprised how many people can afford that.� (Page 2 of 4)
Wiseman is finishing a house at 8209 S. Quiet Oak Trail for more than $1 million that was custom-built for a family of six moving to Sioux Falls for a job in the health care industry. It was designed to resemble houses the family liked in their previous Arkansas neighborhood.
�And they�re right on the boulevard,� Jamison said. �I think a lot of people like the feeling of those homes, but they want today�s amenities. They want a really nice kitchen, and it has to have certain updates to all come together.�
myrtle beach hotels In Sioux Falls, a million-dollar homebuyer �gets a lot for the money,� said Elliot Eisenberg, a senior economist for the National Association of Home Builders, who visited the city earlier this year.
�It�s $1 million because it�s got a lot of land, it�s got a beautiful view,� Eisbenberg said. �Physically, it�s a lot of sticks myrtle beach hotels and bricks, unlike in high-cost areas where you get land and that�s it.�
�Don�t compare your market to New York City, where everything costs a million dollars,� Eisenberg said. �Luckily, you�re not a high-priced market. There�s plentiful land and it�s a relatively myrtle beach hotels low regulatory environment, so builders are able to build.�
�The only difference would be the land cost because Sioux Falls still has pretty reasonable costs,� he said. �I think a million-dollar house in Omaha is about the same as Sioux Falls. Minneapolis might be a little higher.�
�Maybe they�re bringing in products from France or Spain, extra stone, woodwork, light fixtures,� he said. �They pull out all the stops on the kitchens myrtle beach hotels and bathrooms. You probably see a pool and some kind of exercise (area).�
�Somebody who built their house seven years ago in a million-dollar market and wants to sell it today will come out flat or a little less because most of these homes are very custom-built,� Jamison said.
Time on the market is �all over the place,� she said, adding that houses built in the 1980s and 1990s might struggle because of floor plans, and houses in more secluded areas of the city might be hard to sell for professionals needing easy access to work.
�But it takes at least three times longer than in the average bracket,� he said. �If they want to sell, they adjust (price) accordingly. If they want to hold off for that one buyer who loves it, it will take so much longer.�
�The person in an existing market would have to discount at least 10 percent and maybe 15 to 20 percent in order to entice a buyer,� Ratchford said. �The caveat myrtle beach hotels is that it takes a year to build a million-dollar house, and if someone needed something right now, you can buy in the existing market. I think it�s an interesting market. From a Realtor perspective, I love it.� Page Previous 1 2 3 4 Next
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