North Dakota Oil Boom

The real estate market is one that has clear reactions to the activities surrounding it. Quite frankly land becomes more necessary as the bordering area to it becomes more active. Particularly when jobs are involved as people from around the world have been known to travel to where the jobs exist. This was definitely the case when thousands of Chinese laborers travelled from China to help mine gold in California during the gold rush. Now in days, there has been a very similar occurrence as the California gold rush, but this time for liquid gold or as it has been coined, the oil boom. One in particular is the North Dakota oil boom.
The North Dakota oil boom is owed largely to the discovery of the Bakken formation. The Bakken formation is one of the world’s most recently found sources of oil stretching from points in Montana and Saskatchewan all the way to North Dakota. The oil being extracted as this point was at first been observed as a natural danger to the surrounding area. Many residents of the areas where it is situated grew anxious as developers began to commercialize the formation. They worried that the oil extraction would de-value their residence not to mention cause irreversible negative side effects to the environment and ecosystem of North Dakota. However, researchers and new technology proved to be beneficial at helping to ensure that this would not be the case as some of the safest methods of production would be applied to the Bakken formations operations.
Many residents began focusing on the positive side of the oil boom – real estate. Jobs in particular can help improve the value of land and homes in the surrounding area. This is exactly what is happening right now in North Dakota. Since the extraction of the oil in late 2008 so many jobs have been added due to North Dakota oil companies that the state now boasts the lowest unemployment rate in the entire nation.
The positive side of the oil boom has been so far hitting in fact that unemployment is now continuously below 4% statewide and helped fund the North Dakota state government.  The oil companies that extract from the Bakken formation have agreed to do so as long as they pay around 11 cents per barrel of oil produced. This has led to over a billion dollars in surplus funds to help fuel the North Dakota budget. As populations in some areas of North Dakota have increased rapidly this money is quickly being used to improve infrastructure around the state. Water management and roads in particular are being improved across the whole state to help ease this oil boom into being one of North Dakotas most successful time periods.
It is believed that near 50,000 new oil wells in the state within the next few decades. This belief has increased speculation of land costs in the state. Many residents are taking the initiative now to sell their land and homes while there is large need for it. These North Dakota residents are delighted at the prices they are settling for and it has not taken long for news of this positive side of the oil boom to spread like wild fire across the state.

We have housing and land in New Town, North Dakota. 

We are developing 1 acre building lots...for info

    Call - Mike 509-670-2031

email: eastsidelandcompany@gmail.com

Affordable Housing Isn’t Hard to Find

When it comes to finding affordable housing, you shouldn't hesitate to look into manufactured homes. After all, when you compare them to houses that are built on-site, they cost about half as much per square foot. The reason for this difference is that it is much more efficient to build in a factory than they are to construct on the property itself.

Affordable living can be as simple as buying a manufactured or mobile home that has been pre-fabricated for your piece of land. It allows you to pay affordable mobile home prices and yet receive a house that equals or surpasses the quality of homes that have been built on the site itself.

Just because you are paying affordable manufactured home prices, it doesn’t mean that you should assume that you are making sacrifices to the type of durable, quality, strong homes from which you can choose. They are built in order to adhere to a strict Federal code that ensures the home is constructed according to rigorous standards that apply to virtually every element of the construction, from the materials to the assembly itself.


Affordable home-ownership can still include the easy-care exteriors, and top-of-the-line appliances and fixtures. You can manage the cost of your dream home when you choose the proper means of acquiring it.

You’ll be able to select the floor plans that you want, the storage space, closets, and cabinets you like, ceiling styles, and other style choices you prefer, and everything else you’d like to custom-design your ideal place to live. Just because your home is built in a factory, it doesn’t mean that it will be a cookie-cutter house.

When you combine affordable housing with the custom choices that you have available through homes built in a factory, you will be able to get a significantly larger amount out of your purchase in much lower, affordable manufactured home prices. Click for Manufactured Homes info

We have housing and land in New Town, North Dakota. 

We are developing 1 acre building lots...for info

    Call - Mike 509-670-2031

email: eastsidelandcompany@gmail.com

We have housing and land in New Town, North Dakota. 

We are developing 1 acre building lots...for info

    Call - Mike 509-670-2031

email: eastsidelandcompany@gmail.com

Building lots for sale 

Lake view lots

  

                  Newly built road into building lots.

Ready to start the day....Business is Booming!!

New Town, North Dakota is a strategic location to serve the oil industry     

New Town is located in Mountrail County, North Dakota in the United States. Its nearby cities and towns include Four Bears Village, Parshal, Mandaree, Ross and Stanley. New Town is not a big city. Its land area is only 1.28 sq mi (3.32 km2) and it has rural community with a population of only 2,1439 (2011). The city was founded in 1953 by replacing the cities of Van Hook and Sanish.

The scenario of the land and housing in New Town, North Dakota is in brief here. From the data of 2010, 647 households and 437 families were residing in the town. The average age of homes in New Town, North Dakota is 28 years. Among the homes, 44% of those owned, 29% not occupied and 25% rented. In the previous year no properties were sold in New Town and the median sale price of a home here in the previous year was $138,719, which was $67,527 in 2009 and $40,500 in 2000. It shows that the house prices in New Town increase dramatically in recent years. This trend is poised to continue in the coming years.

According to the geologist, western North Dakota is a small ocean of oil, hundreds of billions of barrels oil are trapped underground here. Oil companies are coming here for drilling wells and, so, job-seekers and workers are also coming to North Dakota. This is might be the region why the houses mean price is growing rapidly in this region. This is expected to continue over the next 15 to 30 years.

Lake Sakakawea, crow Flies High, four Bears Bridge and Edgewater Golf Course are the main attraction of the New Town. City governance here is also very good. So, considering all above, New Town could be a city where you can look for your next sweet home.

We have housing and land in New Town, North Dakota. 

We are developing 1 acre building lots...for info

    Call - Mike 509-670-2031

  email: eastsidelandcompany@gmail.com

Watch No. Dakota Boomtown Struggles Trying to Keep Up with Demand on PBS. See more from PBS NewsHour.

We have housing and land in New Town, North Dakota. 

We are developing 1 acre building lots...for info

        Call - Mike 509-670-2031

email: eastsidelandcompany@gmail.com