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

Across the Board, Housing Demand Increasing

Posted: Updated:

 

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.

 

  • Bismarck/Mandan NewsMore>>

  • Boy Scouts Clean Construction Sites for Community Service

    Boy Scouts Clean Construction Sites for Community Service

    Friday, April 18 2014 8:21 PM EDT2014-04-19 00:21:26 GMT
    Boy Scouts know when they sign up they'll be doing some community service. So, when a couple of crews signed up to collect trash at some local construction sites, it was expected. What they didn't expect,
    Ethan Porter and Scout crews 123 from Bismarck and 54 from Mandan brought about 30 people to clean up garbage near some construction sites.
  • Killdeer Residents Speak About Oil Boom Effects

    Killdeer Residents Speak About Oil Boom Effects

    Friday, April 18 2014 7:08 PM EDT2014-04-18 23:08:27 GMT
    A day after the Dyad shutdown, Killdeer residents share the impact of the oil boom on their community. The oil business brings all types to this once quiet town. Everything is affected... from restaurants
    A day after the Dyad shutdown, Killdeer residents share the impact of the oil boom on their community. The oil business brings all types to this once quiet town. Everything is affected... from restaurants
  • Dyad Environmental Statement on Health Dept. Order

    Dyad Environmental Statement on Health Dept. Order

    Friday, April 18 2014 6:44 PM EDT2014-04-18 22:44:51 GMT
    "Dyad Environmental is a new company, who began processing TENORM less than 30 days after posting a $1.25M bond, and spending two years obtaining appropriate permits and licenses.
    "Dyad Environmental is a new company, who began processing TENORM less than 30 days after posting a $1.25M bond, and spending two years obtaining appropriate permits and licenses.
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.