homes: O'Fallon IL Short Sales and...Pork with Passion! - 10/06/10 07:26 AM
Short Sales...and Pork with Passion
Short Sales first...
To say they are challenging may be a slight understatement...
No matter how many of these we do I still get an immense feeling of satisfaction when we get an approval letter from a bank or better yet... from 2 banks.
Many questions, tactics, approaches surround short sales. And in spite of new regulations they seem to move thru the system sporadically. That said, I love em. There is little else (in my opinion) in this industry that brings this sort of gratification from assisting others.
Helping a … (8 comments)
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homes: Real Estate Update for O’Fallon IL, Home of the week, a 5K, and Alpacas! - 09/26/10 05:52 PM
While the Real Estate Market has cooled a bit as of late (there have been 15 closings in O’Fallon in September 2010 compared to 29 for this same period last year) there was plenty going on in O’Fallon this weekend. St. Clare had their Annual Oktoberfest along with a 5K run:
The Strange Folk Festival made a return to O’Fallon over the weekend; despite the wet weather the event was well attended.
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As mentioned above the closings have dropped off considerably in just 30 days however a true picture will have to wait until the end … (0 comments)
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homes: Quick hit Real Estate Market update for O'Fallon IL and the return of the Gnome! - 09/20/10 02:23 PM
A quick hit for what's going on in O'Fallon as far as the Real Estate Market is concerned and a Gnome sighting.
At a glance for September (so far) 2010 O'Fallon IL.
Number of homes currently for sale: 249
Number of homes currently under contract: 63
Number of homes that have closed: 9 (Sept 1-20th)
Average sales price : $164,481
Average Market time: 124 Days
Full report to follow soon.
The gnome has returned...
If you are in town this weekend be sure and visit the Strange Folk Festival. It runs September 25th & 26th … (0 comments)
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homes: O'Fallon IL gets a bit Greener... - 09/09/10 07:07 AM
Missed the RE/MAX Preferred electronic recycling drivelast month?
Mayor Gary L. Graham is pleased to announce that a Electronics, Computers, Appliances and Surplus Equipment Recycling Event will be held in O'Fallon on Saturday, October 9, 2010 from 8 a.m. - 1 p.m. at Carriel Junior High School, 451 North Seven Hills Road. The event is hosted by the City of O'Fallon and the O'Fallon-Shiloh Chamber of Commerce in conjunction with WITS, Inc.
For those of you who will be gone... there is this tiny little race on 10-10-10 that I know many of you are training for...feel free to drop items … (0 comments)
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homes: What goes up...O'Fallon IL Real Estate Conditions Update August 2010 - 09/03/10 02:46 PM
What goes up...must come down. As numbers tumbled nationwide the (sharpest drop in history at 27%) after the tax credit original expiration of June 30, 2010 something odd was going on in O'Fallon IL. While it is true that numbers did go down slightly from June to July - they went back up (+15%) in August...actually it was the best August since 2006.
So while there are areas that continue to slide, O'Fallon IL seems to be holding on and in fact increasing despite the economic climate and depressed housing market. On a broader, but still local view, … (0 comments)
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homes: Local media, the tax credit and a closer look for O'Fallon IL - 08/26/10 07:48 AM
First a bit of disclosure...
I stopped taking a paper years ago. I view them about the same way I see phone books... a giant and expensive waste of paper. However I do in fact still voraciously read various trade publications along with our local paper online. The big news of late has been that home sales have plummeted 27% from June to July. So effective is social media that I received this news almost a dozen times before a client brought it to my attention in a printed format.
Our local paper managed to regurgitate the same story yesterday (read the … (0 comments)
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homes: O'Fallon IL Real Estate Update for July 2010 - 08/06/10 01:50 PM
First of all THANK YOU to all of you who came out to support Children's Miracle Network. Proceeds from every Blizzard sold on August 5th went to help Local Children's Miracle Network Hospitals. In 2009 over $4.6 Million was raised on Miracle Treat Day alone!
After the spike in June with the rush to get things closed prior to the tax credit deadline (it has been extended) things seem to have settled down. Based on the numbers for July it would appear at least locally that the extension had little effect. However estimates nationwide put the number of homeowners … (0 comments)
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homes: Home of the week and Ice Cream (for a good cause) - 08/02/10 08:10 AM
Great home for sale in O'Fallon IL just reduced!
On August 5th proceeds from every Blizzard purchased at participating Dairy Queen restaurants will help local Children's Miracle Network (CMN) Hospitals. Since it is going to be "Hotter than a Goat Eating a Blow Torch" ...no I did not make that up I really heard it...get some ice cream and feel good about doing it.
Road construction continues on the soon to be New and Improved O'Fallon/Troy Road. Don't let the lack of activity fool you there are really folks working... the photos are from early morning.
Stay … (0 comments)
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homes: O'Fallon IL Real Estate Market Update June 2010 - 07/18/10 12:30 PM
June 2010 And Mid Year Quarter Real Estate Market update for O'Fallon IL.
Nationwide: More money for troubled homeowners...
The Treasury Department has approved another $1.5 Billion to help homeowners in the five States with the highest levels of foreclosure rates. Arizona, California, Florida, Michigan and Nevada all will be receiving the additional funds. Currently on the table for discussion (and should pass by the end of the month) is another 600 Million for the next five states on the list, North Carolina, South Carolina, Ohio, Oregon, Rhode Island.
Locally:
The end of the tax credit came and went...then … (0 comments)
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homes: O'Fallon IL Real Estate Update for May 2010 - 06/10/10 07:21 AM
Real Estate market update for O'Fallon IL May 2010
NATIONWIDE:
The results are somewhat mixed on the effect of the Obama administration's program that allows homeowners to modify their current mortgages in an effort to keep them in the home and avoid foreclosure.
By the end of April 2010 roughly 1.2 million mortgages had been given a trial loan modification. Just over 25% of them have already been dropped from the program according to the Wall Street Journal. The two main reasons for being eliminated from the program were:
•1.) Failure to make payments
•2.) Failed to prove they met the requirements … (0 comments)
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homes: O'Fallon IL Real Estate Market Update April 2010 ( The tax credit...did it work?) - 05/10/10 08:31 PM
The tax credit has officially expired and the numbers are pointing to it being a huge success. Nationwide data is not in yet for April however in March home sales were up 21% over the same period last year according to The National Association of Realtors (NAR) Pending Home Sales Index.
First time home buyers made up 44% of home sales in March across the nation. The Pending Home Sales Index reflects signed contracts and not actual closings but is a pretty good indicator of things ahead. The true picture of what effect the tax credit had on the housing market … (0 comments)
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homes: Home for sale in O'Fallon IL! Just in time for the tax credit! - 04/15/10 10:14 AM
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homes: The Healthy Abode: Water Conservation in the home - 04/15/10 05:00 AM
Do you realize how easy it is to save water in your home without sacrificing the performance or design of your plumbing fixtures? A simple way to identify high performance, water conserving fixtures is with the WaterSense label. Products that have achieved this label will be at least 20% more efficient than conventional models.
Similar to the EnergyStar program, WaterSense is sponsored by the EPA to protect the future of our water supply and promote water efficiency. WaterSense qualified fixtures must be tested to verify that they not only meet the required flow rate, but also that they perform … (2 comments)
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homes: April 30th is around the corner! - 03/10/10 06:58 AM
And with that date the tax credit expires...sort of. You need to have a home under contract by then in order to qualify. The rules have been expanded and you no longer need to be a "First Time" home buyer in order to capitalize. O'Fallon IL and the surrounding areas have a terrific amount of Real Estate inventory and rates are still very attractive, so now is the time to take advantage of this! … (0 comments)
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homes: O'Fallon IL Real Estate Market Update December 2009 - 01/08/10 09:53 AM
Real Estate Market Update O'Fallon IL December 2009:
After a mild summer winter has arrived. As I write this it is 8 whole degrees.
December was a brisk month for Real Estate in O'Fallon. 27 homes closed so a lot of folks got a new home for the holidays.
Of the 27 that closed:
25 were pre-owned; these had an average sales price of $156,922 and an average market time of 177 days.
2 were new construction, with an average sales price of $237,907 and 166 days on the market.
Activity has been consistent from 2007-2009 for the month … (1 comments)
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homes: O'Fallon IL Real Estate Market Conditions Update for August 2009 - 09/06/09 03:36 PM
August 2009 Real Estate Market Update for O'Fallon IL.
In August 39 homes closed in O'Fallon IL. This is down from June (48) and July with 45. Of those 39:
4 were new construction and had an average sales price of $239,769 and 92 days on the market.
35 were re-sale homes with an average sales price of $179,956 and 134 days on the market.
Monthly totals for 2009
August Totals 2005-2009
Year to date totals 2005-2009
The magic number still seems to be below the $300,000 mark. Of the 38 homes that … (0 comments)
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homes: O'Fallon IL Real Estate and Art Update! - 03/27/09 06:02 AM
So after a few weeks of driving by my curiosity got the better of me. What is this giant wooden horse and who is the guy on the ladder with a chainsaw? After driving by for days my curiosity got the better of me and I stopped. It seems Art is making a return to downtown O’Fallon IL ! David Perez is an artist (among other things) who has recently moved back here from Mississippi. His work is truly amazing and his ability to see a piece prior to carving is hard to grasp. As we spoke he pointed to a … (0 comments)
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homes: O'Fallon IL, the year in Real Estate so far... - 03/17/09 02:01 PM
The new housing numbers are due out shortly so we thought this might be a good time to look at things on a more local level.
Jan. 1, 2009-March 17, 2009.
These are RE-SALE HOMES ONLY.
So far this year (2009) 38 homes have sold with an average market time of 131 days. The most active price range is $200,000-$249,000 with an average market time of 118 days and 6 homes sold.
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For the same time period last year (2008) 52 homes had sold. The average market time was 129 days. The most active price range was $180,000-$199,900 with … (0 comments)
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homes: O'Fallon IL, the year so far in Real Estate... - 03/17/09 01:59 PM
The new housing numbers are due out shortly so we thought this might be a good time to look at things on a more local level.
Jan. 1, 2009-March 17, 2009.
These are RE-SALE HOMES ONLY.
So far this year (2009) 38 homes have sold with an average market time of 131 days. The most active price range is $200,000-$249,000 with an average market time of 118 days and 6 homes sold.
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For the same time period last year (2008) 52 homes had sold. The average market time was 129 days. The most active price range was $180,000-$199,900 with … (0 comments)
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homes: February Market Conditions for Windermire Ridge O'Fallon IL - 02/26/09 12:22 PM
Hello!
So... not much change from 30 days ago. There are now 5 (there were 3) homes for sale in Windermire Ridge. And nothing has closed (yet) this year. Of the five homes for sale the average price is $334,820 and the average days on the market is 128. If you are interested in the February 2009 Market Conditions Report for O'Fallon IL it can be found here. Interest rates remain low and inventory is high so the time is still right to be shopping for a house. Additional info on the First Time Home buyer Tax … (0 comments)
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