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market conditions: O'Fallon IL November 2009 Real Estate Market Update - 12/03/09 03:14 PM
November 2009 Real Estate Market Update for O'Fallon IL.
Locally, things continue to look up. This November saw 35 homes close. This is an increase of more than 130% from November 2008.
Of the 35 that closed:
30 were pre-owned homes with an average market time of 118 days and average sales price of $154,055.
5 were new construction with an average market time of 148 days and an average sales price of $242,453
After a huge spike in October (due to the expected expiration of the tax credit) the market continues to be very active. As you may … (0 comments)
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market conditions: Market Update O'Fallon IL October 2009 - 11/09/09 09:11 AM
October was wet, really wet. Muddy yards, wet basements, cloudy skies and one of the hottest months for Real Estate this year!
October saw 43 homes close in O'Fallon... this number is closer to June, July, August activity. Actually you have to go back to 2005 to find an October with those kinds of numbers. Much of this can be attributed to the first time home buyer tax credit. Set to expire in late November this is most likely a surge of folks rushing to take advantage before the expiration. Good news is that there is a VERY good chance it will be … (0 comments)
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market conditions: 3rd Quarter Market Update for O'Fallon IL. - 10/08/09 06:23 AM
The good(sort of), the bad and the ugly.
The drop from the 3rd quarter 2007-2008 was at -9%. From 2008-2009 it is - 10%. So consistency seems to be the key here (good...sort of). What this also shows is that the continued slow down. in the O'Fallon Real Estate market is not quite over(bad). In the last quarter of 2008, 76 homes closed. If one were to use the data above we could expect somewhere in the range of 62 homes closing in the 4th quarter of 2009(ugly). Right now in O'Fallon there are 60 homes under contract. If this number is expanded … (0 comments)
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market conditions: 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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market conditions: What's HOT in the O'Fallon IL Real Estate Market? - 07/06/09 09:36 AM
And more importantly...where should I price my home to SELL?
For those sitting on the fence about market value and what homes are actually selling for... read on!
O'Fallon IL so far in 2009:
90% of the homes closed for less than $300,000. These homes averaged about 141 days on the market or about 4.5 months.
The days on market for those homes over $300,000 soars to 208 days or about 7 months.
The Real Estate Market for June 2009 showed much the same as above.
85% of homes closed in O'Fallon IL in June 2009 closed under $300,000 … (0 comments)
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market conditions: O'Fallon IL mid year Real Estate Update - 07/03/09 04:40 PM
Well...the first half of 2009 has been interesting to say the least for Real Estate in O'Fallon IL. The silver lining here is that closed homes are right where they were at this time last year. No better, but it appears the trend downwards may have slowed down for now. In June, 44 homes closed with an average sales price of $221,298 and an average market time of 129 days.
Of the 44 closings:
40 were Re-Sale homes with an average sales price of $206,794 and 127 days on market.
4 were New Construction with an average sales price of … (0 comments)
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market conditions: 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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market conditions: February Market Conditions Update for O'Fallon IL - 02/25/09 09:59 AM
Your Market update for February 2009. Activity is increasing from January!Right now O'Fallon IL has a fantastic selection of homes in a wide variety of price ranges. As of today (Feb. 25th 2009 there are 240 homes for sale in the 62269 zip code. Interest rates are still low and the first time home buyer $8,000 tax credit make this an excellent time to be shopping for a new home.______________________________________________
TOTAL HOMES FOR SALE= 240 (slightly up)
Of the 240 on the market:
NEW CONSTRUCTION = 35. Average price $238,435 (down from $242,404)
And average Days on Market … (1 comments)
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market conditions: O'Fallon IL first 30 days of 2009 Update. - 02/02/09 01:44 PM
Greetings!Right now O'Fallon has a fantastic selection of homes in a wide variety of price ranges. As of today (Jan. 31 2009) there are 231 homes for sale in the 62269 zip code. Interest rates are still low and the first time home buyer $7,500 tax credit make this an excellent time to be shopping for a new home.______________________________________________
TOTAL HOMES FOR SALE= 231
Of the 231 on the market:
NEW CONSTRUCTION = 36. Average price $242,404
and Days on Market is 313.
RESALE HOMES= 195. Average price $211,672 and Days on Market is 143.______________________________________________
HOMES … (0 comments)
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David Holden Broker/Owner RE/MAX Preferred
O Fallon,
IL
More about me…
RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR
Address: 1668 Windham Way, O'Fallon, IL, 62269
Office Phone: (618) 531-4887
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