Across the Board, Housing Demand Increasing - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Across the Board, Housing Demand Increasing

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There seems to be no evidence of a recession in North Dakota, especially when it comes to housing.  

Demand is up -- and so are prices -- especially for second-time home buyers in the mid-$200,000 to low-$300,000 range, according to the president of Tollberg Homes.  He's showing off one of his homes in that price range in the Parade of Homes.

"A balanced market in many areas would like be a five or six month supply.  So for every buyer, there would be five or six houses to choose from.  In Bismarck right now, our statistics show about one and a half month's supply.  So for every buyer, it's about a month and a half, which is an extremely low number," says Wade Tollefson, President of Tollberg Homes.

Higher-end homes, too, are enjoying increased market demand.  Custom builders who design homes for lots alone selling in the $200,000 to $300,000 range say people are moving from the Western part of the State into this area.  In upscale Whispering Bay, one designer says several lots sold this Spring, and they have buyers for up to eight more.

"With the oil boom, we are not being affected by what goes on cyclically in the nation.  We're kind of in our own little island -- our own little paradise -- when it comes to building," says Roger Kjonaas, Custom Home Designer/Super Homes.

Speaking of islands, though Whispering Bay homes are near water, Custom Designer Kjonaas says these homes are built with scientific flood protection controls, among other high-tech systems.

 

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