User uShare Login | Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.

27° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



 Winter Storm for November 30, 2015

Snow Outlook

Severe Weather

State Radar

Click here for local closings & delays

Send photos to

Storm Center Update



[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Prairie Hills Lot Prices Drop

September 28, 2012, 9:50 PM by Angela Kennecke

Prairie Hills Lot Prices Drop

Lot prices are dropping in a Southern Sioux Falls neighborhood to spur development in the area.

On Friday, real estate developer Van Buskirk Companies closed on the purchase of 150 lots in Prairie Hills in Southern Sioux Falls. Van Buskirk is buying the lots from the bank once owned by the Jamison Company.

These high-end executive homes can also come at a very high price.  But it is getting more affordable to build in Prairie Hills because lot prices are going down.

"Some prices were really dramatic because they were out of the market.  For instance, we had a $230,000 lot that's about $75,000 now," Real Estate Developer Steve Van Buskirk said.

Van Buskirk's company is buying up 150 lots and has already sold 30 of them under the new price structure, which averages 30 percent less than the original price of these lots. 

"We want to get some activity going and as we get those first houses started then we'll start moving prices back up.  It's a drive to get activity going and neighborhood re-energized and it's working," Van Buskirk said.

Homeowner Megan Jarding and her husband are among those taking advantage of the lower lot prices and are watching their dream home go up.

"The lot was more affordable now, so it made able to build the house. I don't know about more house, but just the house we wanted in the beginning," Jarding said.

Van Buskirk is re-pricing the lots to run between $42,000 and $250,000.  Home values here start at $350,000 and run all the way up to $1.5 million. 

And Prairie Hills is no longer on the outskirts of town, like it was ten years ago when it started.

"We picked this neighborhood because we really enjoy the views and we like the landscape of this area.  We think the location is great and hop on the Interstate and get to East or West side of town in ten minutes.   We like the fact it's close to the mall and grocery store; all the places I go on a weekly basis," Jarding said.

"There's a lot of momentum in this area. It's always been a nice area, but a lot of the services are filling in and this neighborhood is in the heart of it. It's an exciting area.  We get those prices set correctly now and protect character of the houses and start getting momentum people are going to be energized and want to live out here," Van Buskirk said. 

While the lot prices have changed, the covenants on the homes have remained the same to keep continuity in the neighborhood.

Previous Story

Next Story




View business

You may also like

Board Of Education Member Had Multiple Contracts With State

11/23/2015 6:05 PM

That means in addition to her state salaries at USD and Northern State, Duncan earned an additional $124,000 in contracts from the Department of Educa...

Full Story | Watch
Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Some Black Friday Deals Are Not Deals

11/23/2015 4:51 PM

Recent research found just because something is called a doorbuster doesn't mean it's significantly discounted.

Full Story
City Of Sioux Falls Buying Homes In Area that Floods

11/24/2015 6:05 PM

Homeowners have the option to voluntarily sell their house if they are concerned about flooding or if they have had problems with flooding. By tearing...

Full Story | Watch