What’s the market in Sioux Falls for a residential home lot priced at more than $200,000? Or $300,000? Or $400,000?
It’s starting to become clear for developers of The Sanctuary, a 200-acre new neighborhood in northeast Sioux Falls. The area has averaged 15 lot sales per year the past two years.
“The most expensive ones have sold,” said Jesse Deffenbaugh, co-owner of Deffenbaugh Homes. “They were all premier lots.”…