CENTURY 21 ProLink Blog

In sharp contrast to what we are hearing on the evening national news, you might have heard local leaders say the Siouxland market is robust and healthy. Even with a slowing national economy, we are enjoying a stable and consistent real estate market in Siouxland. Recently, the office of Federal Housing Enterprise Oversight, ranked the top markets across the US in order of home appreciation. Guess what? The Sioux City MSA, which includes Woodbury Co (IA), Dakota & Dixon Co (NE), and Union Co (SD), was ranked 20^th in the nation. Check out the report here. To many people’s surprise, values aren’t dropping, they are going up! According to a report distributed by the Greater Sioux City Board of Realtors, called Nuttn’ But Stats, there were slightly more homes on the market in June 2008 compared to June 2007, but the asking price in 2008 is up 3.3%. Both of these reports can also be found on our website under Siouxland Market News.

The good news doesn’t stop on the residential side. Business and commercial real estate has many bright spots. As an example, take the amazing week of economic development announcements made by South Sioux City last week. As reported by the Sioux City Journal, the City of South Sioux City, along with Governor Heineman announced four new projects totaling $126,000,000 in new capital investment, and the addition of 75 new jobs. The announcements include Natural Innovative Renewable Energy, 21^st Century Grain Processing, GA Crossings, and Peerless Energy Systems.

In Sioux City, Van Meter Supply recently announced that it will be investing over $1,500,000 on a new facility in The Yards, and industrial area next to The Home Depot. Their new 38,000 S.F. facility will have 17 employees when they open their doors. Also in The Yards, Johnstone Supply recently opened the doors to their new facility. In Sunnybrook Plaza, next to Super Target, BioLife Plasma Services recently broke ground on a new 15,000 S.F. facility.

Of Course not all news can be good, as was shown this morning by page 3 article in the Sioux City Journal that Acer in North Sioux City will be laying off another 115 employees. I think most probably saw that coming though.

We at Pro-Link feel good about the Siouxland market, but we would like to hear from you. Please post a comment below on your opinion of our local economy, good or bad.