SF Invest and Commercial RE

Land for Sale! in central South Dakota.  I have listed a trophy pheasant hunting lodge, "Gann Valley Ranch" located just north of Kimball, SD. 

Features include aproximatly1683 acres of the best pheasant hunting in South Dakota.  There are 1200 acres currently in crop production with the balance in trees, rolling hills, native prairie, stock dams, wetlands and food plots.  The 3500 sq/ft lodge/house has been recently renovated and will sleep up to twenty people.  There is a 60' x 40' metal building, 15 dog kennels with outdoor runs and indoor houses, and an indoor game processing center.  All of the farm and guiding equipment (suburbans, pickups, tractors, etc...) will go with the property. 

One other aspect I would like you to be aware of, is the current owner does have an existing caretaker that would be interested in staying on for general maintenance plus hunting and guiding.  As well as approximately 2000 acres of adjacent land leases in the surrounding area for extra hunting ground.

James C. Johnson

Broker Associate

Legacy Real Estate

605.366.0980

jjohnson@legacysiouxfalls.com

Sioux falls continues to be a stable and strong market compared to many other parts of the country. Foreclosure rates remain relatively low, and we continue to maintian a strong economy including a low unemployment rate. I would like to share with you some mid year statistics according to the REALTOR'S Association of the Sioux Empire (RASE).

New listings have increased 6.8% since the same time last year.  But are still down 4.8% year to date from the same point last year.

The average sales price for the month of July has increased 7.1% to $178,272.  But down 8.5% over the last year averaging $159,055.

July was a great month for the average time that homes were on the market prior to selling.  Averaging 61 days for those that closed this month.  This is down 22.2% percent from last year in July.  But so far this year the average has stayed around 93 days on the market for homes, which is an increase of 11 days from the average at this time last year.  Median sales price remains as $144,000 in almost exaxt proximity to the same time last year.

Current inventory of listings for single family homes is 889 for the area.  With closed sales at 301 for the month.  Closings down 16.6% from last year.

Mortgage rates have also remained steady just slightly increasing from 6.9% last year to 7% in July for 2008.

Brought to you by:

James C. Johnson

Broker Associate

Legacy Real Estate

I Specialize in Quality Investment Property in Sioux Falls and the surrounding area.  If you are looking for investment real estate or commercial office space in the area you can contact me at 605.366.0980, or jjohnson@legacysiouxfalls.com.  Also check out our website www.legacysiouxfalls.com, or www.investsiouxfalls.com.

Information Courtesy of RASE (Realtor Association of the Sioux Empire)

June 2008

New listings down 5.1% from a year ago and down 7.2% from 2 years ago

Pending Sales down 7.4% from a year ago and down 8.6% from 2 years ago

Closed sales down 8.9% from last year and 5.1% from 2 years ago

Average days on market 107 up 20.5 days from last year and 48.2 days from 2 years ago

Median Sales Price $135,000

- Down 6.6% from last year but even with the market from 2 years prior

Average Sales Price $157,945

- down 6.2% from last year but up 1.1% from 2 years ago

Sales price compared to origional list price = 96.3%

- down .6% from the last two years

Mortgage Rate Average 6.9%

James Johnson - Fw: Bad day
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http://s35.photobucket.com/albums/d184/gysM715/?action=view&current=camera21.flv

You thought you were having a bad monday - check this out!  It will make you feel much better about your current predicament.  Definetly brighten your day.

Remember heads up!  and Watch out! OOPS!!!

I feel sorry for this guy.  This was not ment to offend anyone, just some light humor, and thankful you are not this guy.

Cost Segregation
HUNDREDS OF THOUSANDS in tax savings you would normally wait years to realize can be realized TODAY!   In one sentence, that summarizes what cost segregation does for a property.  Cost segregation uses highly complex engineering methods to achieve the simple objective of pulling cash out of your property.  This is fully endorsed by the IRS.  One needs only to work with your own CPA to ensure it
maximizes your tax benefit

 Definition: (per Wikipedia.com)

Under United States tax laws and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes. A cost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations. Personal property assets include a building's non-structural elements, exterior land improvements and indirect construction costs. 

SO any of you out there that own investment property or are looking into investment property for clients need to look into cost segregation and save your clients thousands, which will in turn bring you new business.

If your accountant has not heard of cost segregation - or bifurcation of depreciation - you need to find another accountant!