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Bakken Updates from Erik Peterson
It's hard to believe August is already here! The only thing hotter than the temperature is the real estate market and we don't see it cooling off any time soon.
Due to low home inventory, we once again find ourselves in a perpetual game of musical homes. While interest rates have increased over the last year, rising rental rates are convincing many to pursue home ownership regardless. People recognize the stable investment of property ownership.
There are a number of factors that are driving the market, most notably a strong economy. North Dakota's economy is one of the strongest in the country, with low unemployment and rising wages. There are simply not enough homes for sale in Western North Dakota. This is driving up prices and making it difficult for buyers to find what they're looking for. If priced accurately and marketed properly, homes are flying off the shelves. In fact, several of our sellers have received offers ABOVE asking price on their homes.
We are lucky to welcome three new members to our team.
Geliza Ocheltree is based in Dickinson and brings with her years of real estate experience. She founded and ran the successful store, GG Consignment, in Dickinson before relocating to Washington state where she worked in real estate. Now back in North Dakota, she is ready to grow her business and serve her community.
Amariah Hier hails from Eastern Montana. She is a new agent with experience in pipeline patrol and aviation, bringing a keen eye for detail and a dedication to safety. In addition to working at her family's cleaning business, she is also pursuing her pilot's license. Her diverse background and strong work ethic makes her a great fit to our team!
Laura is a seasoned real estate professional with a diverse background in accounting, entrepreneurship, and business management. Formerly the owner of a successful coffee house, Laura's commitment to quality and profitability sets her apart. With extensive experience as a VP of Business Systems, Laura brings a wealth of knowledge across industries. Since transitioning into real estate in 2015, she has been dedicated to delivering personalized solutions and exceptional results for clients. Now at Proven Realty, Laura is excited to expand her real estate services further.
We are so grateful to all of these incredible agents join our team and cannot wait to see them flourish!
The Proven Family has been full of celebrations! Agents Janelle Groenhout and Emery MrDenovic have been with us for two years this July. On the Operations side, Ron Maurera, Bobbie Mabiloq, and Janella Niebres are celebrating their one year anniversaries at Proven! We cannot imagine our work family without any of them. On top of that, both Madison Birkeland and Leslie Aide welcomed healthy baby boys recently and we are brimming with joy!
As always, we are here for your Real Estate needs. If you are interested in selling, buying, or simply learning more - reach out! We love to meet new people and talk about the incredible opportunities real estate can provide. Call us to talk about the endless possibilities.
Erik and the Proven Realty Team
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