Real Estate Blog - Shane Andersen

Open House in Volga South Dakota-722 Kasan Ave

722 Kasan Ave, Volga, SD

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Looking for a neat property in Volga that has a fenced backyard and alley access? This is for you! This 3 bed, 2 bath home ready for you to be yours. Some features are the bedroom sizes on the upper level, updated bathrooms, some new flooring and paint. All appliances included and ready to use. Move in and make dinner with family. Enjoy your time in the backyard grilling and just playing.

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New Listing & Open House-1801 7th Ave S-Brookings SD

1801 S 7th Ave, Brookings, SD

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Step inside this beautifully maintained ranch home built in 2005, offering over 3,000 finished sq. ft. of comfortable living space. You'll find an en-suite bedroom & 2 more bedrooms conveniently located on the main level. Enjoy an open floor plan with a cozy gas fireplace, a Chef's dream kitchen, and main-level laundry right off the garage entry. The lower level is perfect for entertaining—complete with a large family room, game space, and a wet bar. Outside, relax on the beautiful deck overlooking…

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Brookings Homes with Price Reductions Up 57%: What This Means for Buyers and Sellers

The Brookings housing market is showing an interesting shift — price reductions are up 57% month-over-month, signaling new opportunities for both homebuyers and sellers across the area. According to the latest data from Realtor.com, 22 Brookings homes saw price cuts in October, compared to just 14 in September.

This uptick in adjustments suggests that sellers are responding to changing market dynamics — and buyers are finding themselves in a stronger negotiating position.

The Numbers Tell the Story

Here’s what the data shows for 2024–2025:

• September 2024: 10 homes with price reductions

• October 2024: 6 homes

• November 2024–February 2025: Steady at 4–6 homes

• April 2025: A small spring bump with 10…

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Why Your Home Equity Still Puts You Way Ahead

If you’ve seen headlines about home prices dropping, it’s easy to wonder what that means for the value of your home too. Here’s what you really need to know.

Even with small price declines in some markets, data shows you’re likely still way ahead. And that’s thanks to your home equity.

The Relationship Between Home Prices and Equity

Home equity moves in sync with home prices. When prices rise, equity builds. When prices cool (even just slightly), equity growth does too. Here's how that’s played out lately.

After the record-setting home price surge of 2020 and 2021, a little cooling was inevitable.

Back then, the number of homes for sale hit a record low. That caused home values (and your equity) to shoot up significantly as buyers…

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What Brookings Home Buyers Want in 2025 (Hint: It’s Not Just About Square Footage)

If you’ve been thinking about selling your home or just keeping an eye on what today’s buyers are after, here’s the scoop — homebuyer priorities have changed big-time over the last few years. And in 2025, it’s not just about having the biggest house on the block.

At Brookings Home Team, we’ve been working with buyers of all ages — from first-timers to downsizers — and one thing’s clear: today’s buyer wants lifestyle, comfort, and function all wrapped up in one home.

???? 1. Home Offices and Flex Spaces Are Still King

Even though more folks are heading back to the office part-time, remote and hybrid work isn’t going anywhere. Buyers love the idea of a quiet, dedicated workspace — or a flex room that can double as a guest bedroom, gym,…

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How To Make Sure Your Sale Crosses the Finish Line

If there was one simple step that could help make your home sale a seamless process, wouldn't you want to know about it?

There’s a lot that happens from the time your house goes under contract to closing day. And a few things still have to go right for the deal to go through. But here’s what a lot of sellers may not know.

There's one part of the process where some homeowners are hitting a road bump that’s causing buyers to back out these days. But don’t worry. The majority of these snags are completely avoidable, especially when you understand what’s causing them and how to be proactive.

That’s where a great agent (and a little prep) can make all the difference.

What’s Causing Some Buyers To Back Out

The latest data from Redfin…

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Thought the Market Passed You By? Think Again.

If you stepped back from your home search over the past few years, you’re not alone – and you’re definitely not out of options. In fact, now might be the ideal time to take another look. With more homes to choose from, prices leveling off in many areas, and mortgage rates easing, today’s market is offering something you haven’t had in a while: options.

Experts agree, buyers are in a better spot right now than they’ve been in quite a long time. Here’s what they have to say.

Affordability Is Finally Improving 

Lisa Sturtevant, Chief Economist at Bright MLS, says affordability is finally starting to turn the corner:

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Why You Don’t Need To Be Afraid of Today’s Mortgage Rates

Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.

The Magic Number

According to the National Association of Realtors (NAR):

When the market hits that mortgage rate sweet spot, as expert forecasters are starting to say is more likely in…

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Why Some Homes Sell Quickly – and Others Don’t Sell at All

A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017–2019. For sellers, that means one thing:

Your house needs to stand out and grab attention from day one.

That’s especially true when you consider why the number of homes for saleis up. Here’s how it works. Available inventory is a mix of: 

• Active Listings: homes that have been sitting on the market, but haven’t sold yet
• New Listings: homes that were just put on the market

Data from Realtor.com shows most of the inventory growth lately is actually from active listings that are…

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Navigating High Mortgage Rates: Smart Moves for South Dakota Homebuyers

Let’s be honest — mortgage rates have been the “talk of the town” for quite a while now. If you’ve been dreaming about homeownership but those interest rate headlines have you second-guessing, you’re not alone.

Here at Brookings Home Team, we’ve been helping buyers across Brookings and the surrounding area make sense of this ever-changing market — and yes, there are ways to win, even when rates are higher.

So, let’s talk about how to make your move smart, strategic, and successful.

1. Get Pre-Approved Early — and Know Your Numbers

Before you start scrolling listings or setting up showings, sit down with a trusted lender and get pre-approved. Not only will this tell you what you can comfortably afford, but it also gives you a…

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