Booming Real Estate Market in Sioux Falls: Navigating the Opportunities and Challenges of Hiring an Active Agent
Jodi Schwan from SiouxFalls.Business discussed the growth in the real estate field and development in Tea. As the housing market in the Sioux Falls area continues to expand, there are both opportunities and challenges for those looking to enter the real estate industry. With over 1,000 licensed realtors in Sioux Falls, it is important for buyers and sellers to consider how active an agent is in the market when deciding who to hire. Agents who are not regularly doing deals may not be as knowledgeable about pricing, negotiating, and other aspects of the industry.
Meanwhile, Tea is considering adding a large new multi-sport complex among other proposed improvements for its fast-growing Lincoln County community. The city is seeking public input on updates to its 2050 comprehensive plan, focusing on future zoning and community improvements largely to the west and south of Tea’s current city limits. The multi-sport complex would not only benefit the growing community but also attract visitors and special event business. While details are still being studied, it is clear that this development could have a significant impact on Tea’s future growth and expansion.
In addition to the potential sports complex, major road projects are also in progress to support the future 85th Street interchange. With these developments, Tea is well-positioned for further growth and expansion in the years to come. To stay informed about local business news in both Sioux Falls and Tea, visit siouxfalls.business/.
