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Make The Best Real Estate Profit. Riding On The Biggest Oil Boom!!. Huge Profit $$$. North Dakota is making all the waves right now...and its new name is called THE BLACK GOLD RUSH Town.

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make the best real estate profit

Make The Best Real Estate Profit

Riding On The Biggest Oil Boom!!

huge profit
Huge Profit $$$
  • North Dakota is making all the waves right now...and its new name is called THE BLACK GOLD RUSH Town.
  • We provide you, the investors exclusive & massive 14%-40% return Investments DIRECT from builders and developers!
why invest in nd
Why Invest In ND?

Hotels booked 6 months ahead of time

By The Oil Companies

  • 90% is much less than current motels and hotels are achieving with many being booked out 6 months to a year in advance and block booked by the oil companies.
  • Current occupancy rates in the area are around 95-98%, and they do not provide fully inclusive and equipped communal areas like our mini hotels offer.​

Rental Income Supported

By International Oil Companies

  • It is common for large oil companies such as ExxonMobil, Chevron, Halliburton, Shell and BP to provide a housing and accommodation allowance for its workers and in many cases pays the owner direct.
  • This is considered one of the perks of working on site on an oil field.
why invest in north dakota
Why Invest In North Dakota?​
  • #1 In Economic Growth
  • North Dakota’s economy outpaced every other U.S. state in 2011, with the fastest growth in home prices, jobs and personal income, according to Bloomberg Economic Evaluation of States, or BEES, index data.
  • #2 Job Growth
  • North Dakota ranked No. 1 for job growth and among the top states for producing jobs, according to a new study issued Monday by the U.S. Chamber of Commerce and National Chamber Foundation.
  • The Hotel Rush
  • The western part of North Dakota is experiencing an economic boom opposite of what is happening in many other areas of the United States, and consequently there is drastically more demand for housing of all types, including hotel rooms. Occupancy rates are as high as 99%. Hoteliers are facing construction and labor woes because of the high demand.
  • Occupancy at hotels in Williston is typically 98% to 99% and rates range from US$169 to US$199 per night, Rolfstad said.
  • The Building Demand
  • In most of the country, jobs are nowhere to be found and vacant houses are pretty much everywhere.
  • That's not the case in North Dakota. Just ask Tom Rolfstad, head of economic development for the town of Williston.
  • The Black Gold Rush
  • The activity is focused on a region in Western North Dakota with only three cities whose population is greater than 10,000 people and several more whose population is less than 2,000 people. The result is an acute demand for real estate development that spans residential and commercial projects from Dickinson to Williston to Minot, North Dakota and everywhere in-between.
what is happening now
What Is HappeningNow?​
  • Unemployment level of 1% while the rest of the country is averaging around 8.5%. Ranked No. 1 for job growth
  • $1.4 billion in surplus in the state’s fund
  • Since 2009, the population is the third fastest growing in the United States.
  • It is predicted that North Dakota will experience 40% growth in the next 2-3 years.
  • It is projected that this oil drilling boom will last 25 years.​
  • Average ​$80.000-$100,000 Annul Salary
  • Extreme Housing Shortage
  • Recent data (government paper) suggests the field may contain 18 billion plus barrels of recoverable reserves, which makes the Bakken Formation the largest oil field in North America and possibly the largest in the world.
north dakota real estate boom
North Dakota Real Estate Boom​
  • While most of the country faces dropping housing prices and an increasing number of foreclosures, the North Dakota real estate boom continues strong into the first part of 2012. Spurred by a growing oil industry, the North Dakota real estate boom has primarily affected the housing market. The number of condo, townhouse and single family home listings has risen 30% since the beginning of the year.

North Dakota – Thіѕ state boasts low crime, gοοd public schools, low unemployment аnd saw аn appreciation level οf 7.48%. Thе North Dakota housing market іѕ one οf thе mοѕt stable іn thе country аndthеrе іѕ a very low foreclosure rate аѕ well.

North Dakota Rated Top 5 States to Get the Best Return on Your Home Investment!

north dakota real estate boom1
North Dakota Real Estate Boom​
  • While most of the country faces dropping housing prices and an increasing number of foreclosures, the North Dakota real estate boom continues strong into the first part of 2012. Spurred by a growing oil industry, the North Dakota real estate boom has primarily affected the housing market. The number of condo, townhouse and single family home listings has risen 30% since the beginning of the year.
  • North Dakota – Thіѕ state boasts low crime, gοοd public schools, low unemployment аnd saw аn appreciation level οf 7.48%. Thе North Dakota housing market іѕ one οf thе mοѕt stable іn thе country аndthеrе іѕ a very low foreclosure rate аѕ well.
  • North Dakota Rated Top 5 States to Get the Best Return on Your Home Investment!
north dakota real estate boom3
North Dakota Real Estate Boom​

Oil Field Appreciation RatesSince North Dakota’s oil boom is so new, the new boom in real estate prices is very new too. Here is our best research to give you an overview of real estate prices in the oil field.

Housing starts have increased by up to 100 times in just a few years: In Watford City, in 2007 there were 5 housing starts. In 2012 there were 500 housing starts.

The “boom” in real estate prices is starting and happening town by town, with some towns experiencing accelerated appreciation for the last few years and some just in the last year. It is likely some towns will experience the initial “boom” or first big jump in prices next year, with others to follow.

Most of the real estate in North Dakota is farm land in large parcels of 100 acres or more. Much of this acreage that is closest to the towns is being subdivided for smaller residential lots so housing can be built. Newly built housing has no price history so there are no appreciation rate records.

Most North Dakota towns are very small. Appreciation in smaller communities has very limited internet coverage. In such cases County Assessor is an alternative source of price information.

Data shows the oil boom will continue for decades so the housing market in the oil field should continue to be one of the strongest in the world for a long time.

Read More

north dakota real estate boom4
North Dakota Real Estate Boom​

Following is an overview of real estate appreciation for several towns in the oil field:

Property address,

Property number or                                               Value By Year (by thousands, in USD)

Parcel numberSource        Description   200820092010201120122013

301 12th St. SE              County

Watford City ND          Assessor     Residential   $85     $89      $97     $130   $151   N/A

                                                                                                             $20K 13.2%

305 12th St SE               County

Watford City ND          Assessor     Residential   $62     $65      $71     $95     $111   N/A

                                                                                                              $16K 14%

401 12th St SW              County

Watford City ND          Assessor     Residential   $54     $57      $99     $133   $154   N/A

                                                                                                              $21k  13%

612 Park Ave. E           County

Watford City ND         Assessor      Residential   $77     $81      $88     $120   $144   N/A

                                                                                                              $24k  16%

East Ridge Condos       

Unit 1126                      County

Williston ND                Assessor      Residential   $75     $87      $109   $125   $153   N/A

                                                                                                              $28K  18%

2108 4th Ave E              County

Williston ND                Assessor      Residential   $87     $95      $138   $165   $214   N/A

                                                                                                              $49k    22%

2213 N. Main Ct.          County

Williston ND                 Assessor     Residential    $63    $75      $90     $110    $141  N/A

                                                                                                              $31K    21%

north dakota real estate boom5
North Dakota Real Estate Boom​

Following is an overview of real estate appreciation for several towns in the oil field:

#03-000-00-39-03-010  County

Tioga ND                       Assessor     Residential    $40    $40       $45     $82     $121   N/A

                                                                                                               39K   32%

#03-000-00-57-03-025  County

Tioga ND                       Assessor     Residential    $31    $46       $51     $86     $115   N/A

                                                                                                               29K   25%

11025 13M St NW        County

Dickinson ND               Assessor      Residential    $105  $108     $113   $128   $165   N/A

                                                                                                               37K   22%

1929 Westfield Ave

Minot ND                      Zillow         Residential     $92   $94       $84     $97     $96    $175

                                                                                                                        $80K  54%

1207 5th Ave

Minot ND                     Zillow          Residential     $82   $87       $83     $94     $80    $142

                                                                                                                         $62K  43%

502 27th Ave

Minot ND                     Zillow          Residential     $102 $107     $92     $97     $100  $159

                                                                                                                         $59K  37%

  • Note: Past price performance is no guarantee of future price performance. These figures are from public sources and Eagle Bridge LLC accepts no responsibility for their accuracy or ability to predict future real estate prices.
what is happening now1
What Is HappeningNow?​
  • Williston first noticed this increasing activity level beginning in 2004. To prepare, the city increased major infrastructure capacity for up to 40% more population. We have since far exceeded that excess capacity, and are working with the Governor and Legislature to further extend our water, sewer, and road infrastructure for workforce housing and industry facility needs. The City of Williston has committed over one million dollars in studies addressing the impact and future needs of community.
  • Recent data (government paper) suggests the field may contain 18 billion plus barrels of recoverable reserves, which makes the Bakken Formation the largest oil field in North America and possibly the largest in the world.
what is happening now2
What Is HappeningNow?​
  • History
  • The Bakken Formation was formally described by geologist J.W. Nordquist in 1953. His samples came from the Amerada Petroleum - H.O. Bakken #1 well in Williams County, North Dakota.  Henry Bakken was the surface owner where the well was drilled.
  • This chart illustrates the history of the number of Producing Wells and Average Rig Count, According to the Industrial Commission Of North Dakota.  Drilling and fracking began in earnest in April 2006.
what is happening now3
What Is HappeningNow?​
  • The Williston Basin covers approximately 300,000 square miles.
  • The Williston Basin requires “fracking” to produce the gas and oil.
  • Williston is the epicenter of the West Dakota oil universe.
  • An estimated 90 percent of the natural gas wells in the United States use hydraulic fracturing to produce gas at economic rates.
  • World prices have remained relatively high the past year, not far below $100 a barrel, making the relatively expensive unconventional Bakken production worthwhile.
  • In the Williston Basin:
  • There were 4,900 producing wells in 2010
  • There were 5,700 producing wells in 2011.
  • There are plans for 48,000 wells by 2030.
  • The success rate of wells has been over 99 percent, in terms of actually producing oil.
  • The Bakken might hold 500 billion barrels of oil.
  • It is the largest accumulation of crude in the 48 contiguous U.S. states.
  • In May 2012 it was announced that North Dakota passed Alaska in March to become the second-leading state in crude oil production, trailing only Texas.
  • Rigs require as much as 1.0 to 3.0 million gallons of water per well to fracture a well in the Bakken Formation.
  • It appears that the water for utilities, farming and fracking may run out before the oil is depleted.
  • The proposed addition to the Keystone Pipeline will go through this area.
  • The entire United States consumes about 20 million barrels a day.
  • 113 million barrels of oil were produced in North Dakota in 2010.
  • As of January 11, 2012 - North Dakota oil production has surpassed half a million barrels per day, according to a press release from the North Dakota Oil and Gas Division. (500,000 x 365 = 182 million barrels for 2012).
sales tax increase
Sales Tax Increase​
  • “I trust that the rest of the state recognizes that at the moment, Williston is at the center of the engine that is driving the state’s economy”

Ward Koeser

  • Mayor, City of Williston
  • Williston Herald, October 5, 2012
williston growth in acres sq miles as of 2012 city s total acreage is 8 980
Williston Growth in Acres / Sq. Milesas of 2012, City’s total acreage is 8,980

Produced by

Williston Economic Development

what is happening now4
What Is HappeningNow?​
  • Bakken Oil Field Timeline:
what is happening now11
What Is HappeningNow?​
  • Results of on site Due Diligence of the Commercial Real Estate Market in North Dakota
  • Knife River Capital, performing on site due diligence on commercial real estate, has developed the following findings about commercial real estate in the oil fields of west North Dakota.
  • Attached Single Family – everything near $129,000 sells while under construction.
  • Hotels – we checked for reservations at ten hotels in Williston, 3 star rates - $170 to $235 per night, 2 star rates – $80 to $140 per night. Hotel rooms are booked sometimes 2 to 3 years out.
  • Unanchored retail – very few developed sites. The sites checked were fully occupied. Leasing agents say that retail tenants will pay $20psf + CAM.
  • Rates for Crew Camps or Man Camps - renting for $105 to $160 per day per man - includes a room with three meals, weekly linens, daily cleaning and laundry.
  • Rates for RV Park lots
  • Range of $225 to $500 per month with no utilities or amenities.
  • Range of $400 to $1,000 per month or $250 per week with water, wastewater and electricity. Most rents are $750 to $900 per month with utilities.
  • Most parks do not have bathhouses, laundry facilities or other amenities.
  • Apartments – unfurnished (without FF&E and OS&E); all have a waiting list – one bedroom rents for $1,000 per month, two-bedroom rent for $2,000 per month. One tenant said that he was number 280 on the waiting list of a 36 unit apartment development.
  • Self-storage - everything checked is 100% occupied and the rent is $11 psf.
  • Inline industrial space – found one site. Rent is $19psf + utilities.
  • Freestanding industrial space – Rent is $18 to $20psf + utilities. Construction price is $70 to $80 psf for shell space and sale price of shell space runs from $93 to $115psf.
  • 5 and 10-acre industrial park – Prices run from $.80 to $1.62psf. One 310-acre industrial park has an absorption rate of 26 acres per week.
why watford city
Why Watford City?
  • Our Mini Hotel Investment And Single Family Home Investment Are Both Located In Watford City.
  • Why Watford City??
why watford city1
Why Watford City?
  • Watford City and the surrounding communities will become major players in the Bakken oil boom. Population growth will swell the town and there will be huge demand for accommodation for the area.
watford population
Watford Population
  • While the 2010 census says Watford City's population is 1,744, locals believe the number now may be as high as 7,000. 
  • It is estimated that the city of Watford City could see its permanent population swell from a rather sleepy community of 1,500 people three years ago to a bustling city of 20,000 or more in the next several years. And with that potential growth in population comes a tremendous need for housing and retail services.

The explosive, ongoing influx of oil and gas-related workers makes it nearly impossible to accurately pinpoint Watford City’s current number of residents, but estimates place it around 6,000, nearly equal to the entire county’s population in 2010. 

prairie business report
Prairie Business Report
  • “Those existing on the market are gone within an hour or two,”he says. “Three­to­five years ago you would put a house up for sale and it would take two years to sell.”- Curt Moen, building planner for Watford City, says right now there are No Homes Available.
the biggest oil rush
The biggest oil rush!
  • “Housing prices have gone up at such a fast pace that it is difficult in the real estate market for appraisers and lenders,” he says. PB
  • market appreciation is increasing 1.5 percent to 2 percent monthly. The average home five years ago was between $90,000 and $95,000. Today, the average sales price that is reported is $161,000, Cymbaluk says.
  • "I can almost get anyone a job here, probably the day they get here. But finding them a place to stay is a real challenge". Tom Rolfstadhead (economic development for the town of Williston, ND)
intro to watford city investment market
Intro To Watford City Investment Market
  • Watford City is the County Seat of McKenzie County and the largest city.
  • Located in the heart of the Williston Basin, the community enjoys a diversified economy in a small
  • Watford City is experiencing a surge in population and demand due to its location in the epicenter of the enormous Bakken and Three Forks oil formation
  • A region set to grow at dramatic rates for years to come​
  • The most expensive housing in the USA, higher than Manhattan.
  • Currently, there are 10 developments in Watford City addressing the commercial, housing and retail needs.
rental increase
Rental Increase ​

One/two bedroom apartments Price Increase

building activity
Building Activity
  • Veeder says a “tremendous amount” of construction activity will take place this spring, as everything from truck stops and hotels to large retail centers and restaurants are built to meet the town’s demand for goods and services.

We have more than 25 builder and developer direct investment projects all over North Dakota with return of 14%-45%.

Call Us To Learn More

contact us
Contact Us

Phone – Call Your Agent To Learn More

E-mail: email your agent

Thank You For Your Interest!