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Market Trends
Commentary Provided byClyde Thorne If you can qualify, now is an exceptional time to buy a home in Minot AFB. Low rates with falling home prices makes a home purchase a great value! Call now for more information at |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Bismarck | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | 30-60 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Very tight market | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $300,000 - $349,000 | ||
| Compared to Last Year | Up 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Minot AFB is | No Change | ||
| Seller Activity for the past 90 days in Minot AFB is | No Change | ||
| Is Financing Available For Qualified Buyers in Minot AFB? | Yes | ||
| Comments on Financing For Qualified Buyers | VA loans are still available. | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Burlington, Williston, Stanley, Minot | ||
| Reason to Buy/Sell | New Industries | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Clyde Thorne
Coldwell Banker 1st Minot Realty Minot, North Dakota 701-240-8594 cthorne@srt.com Agent Home Page 
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Minot AFB Local News
Stimulus Money for Minot AFB, ND - Thursday January 14th, 2010 1:02pm
From Minot Daily News: http://www.minotdailynews.com/page/content.detail/id/535719.html?nav=5010
MINOT AIR FORCE BASE Minot Air Force Base is getting another new dormitory built with stimulus money.
The state's congressional delegation announced Wednesday that $22 million in federal economic recovery package funding will be used for the new facility. The new dorm will have 168 rooms for airmen.
The money comes from savings in other military construction projects, the delegation said in a news release.
This is the second new dormitory that will be constructed on the base with funds from the economic recovery package. A third dormitory will be completed shortly.
"This new facility will help ensure we have good housing facilities for the enlisted men and women who are helping Minot Air Force Base fill its growing role in our national security," the delegation's release said. "The Air Force has told us time and time again that they are committed to a long-term military role at Minot Air Force Base, and this new project reaffirms that commitment."
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