If you loved Hitchcock thriller North by Northwest, you'll be delighted to know that 50 years later, Rapid City, South Dakota is thriving around the magnificent national monument, Mount Rushmore.

"Rapid City is located in the beautiful Black Hills of South Dakota," says Realtor Duane Hosek, "We are famous for the Mount Rushmore National Monument and for the millions of pine trees that make the hills look black. The Crazy Horse Memorial is also being carved into a mountain in this area. Our city of 72,000 people has a lot of big city amenities with a small time feel. Please visit, enjoy, and live here in the tranquil beauty of the Black Hills."

About the market, Hosek explains, "During the month of May 2004, there were 129 new residential listings in and around the Rapid City area. The total number of homes for sale is 384 which includes new construction, townhomes, mobile homes, etc. Of those, 201 homes have sold or are under contract. The average price of a home in the Black Hills is $118,931 with an average of 96 days on the market. Sellers have been receiving 97 percent of their asking price."

"Here in the shrine of democracy," says Realtor Barbara Stoick, "the market in the Black Hills is exceptional! People love the Black Hills! Buyers are taking advantage of the lowest interest rates ever in history."

Says Realtor Bruce Curington, "With spring finally arriving, more buyers and sellers will appear. Even though the supply of existing homes is low, the low interest rates still make it a great time to buy."

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Published: June 16, 2004

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