ofallon il 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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ofallon il homes: RE/MAX Preferred (O'Fallon IL Location) Used Electronics drive - 08/21/10 01:27 PM
THANK YOU O'FALLON!
The first load of used electronics is now on its way to being recycled. Thank you to everyone who dropped off their old equipment...am pretty sure I saw a Commodore 64 in the pile.
We will start collecting for our next drop starting October 1st. Click here for more info.
Our next event will be a canned food drive for the O'Fallon Food Pantry. You can drop off items at the RE/MAX Balloon September 11th 5:30-7:30pm at the Parcs at Arbor Green or at the display. Hope to see you there!
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ofallon il homes: Help us out! - 08/04/10 07:14 PM
August 5th 2010...it’s HOT go get a Blizzard from DQ and help us out. Proceeds from every Blizzard purchased at a participating Dairy Queen store will help children at your local Children's Miracle Network hospital. Diet? What diet? It’s a GREAT cause so go for it! Local DQ restaurants participating
DQ GRILL & CHILL RESTAURANT 412 S MADISON ST LEBANON, IL 62254-1609
DAIRY QUEEN BRAZIER 2411 OLD COUNTRY INN DR CASEYVILLE, IL 62232-2304
DAIRY QUEEN BRAZIER 804 N STATE ST FREEBURG, IL 62243-4004
DAIRY QUEEN BRAZIER 3260 NAMEOKI RD GRANITE CITY, IL 62040-5014
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ofallon il 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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ofallon il 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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ofallon il homes: Fantastic Ranch for sale in O'Fallon IL (and tax credit close extension) - 07/01/10 05:53 PM
Tax credit extension passes Congress: U.S. homebuyers who are eligible for a Homebuyer Tax Credit now have until Sept. 30 to close the transaction and receive the credit. Congress has extended the closing deadline, which had been June 30, by an additional three months. President Barack Obama is expected to sign the legislation soon. The action affects an estimated 180,000 homebuyers who, because of circumstances beyond their control, had been unable to close on their purchase by the original deadline. Short Sale and REO transactions are holding up many of these closings. Qualified first-time buyers can receive a credit of 10 … (2 comments)
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ofallon il homes: Tax credit and Road Work...Related? No but read on! - 06/28/10 10:20 AM
An amendment that would have extended the U.S. Homebuyer Tax Credit closing deadline from June 30 to Sept. 30 died with the American Jobs and Closing Tax Loopholes Act of 2010, which also would have extended U.S. jobless benefits. The Senate voted Thursday 57-41 against the legislation.
NAR estimates that as many as 180,000 buyers who went under contract before April 30 could miss out on the credit without an extension.
"Unfortunately, this piece of legislation ended up being very controversial," says Dave Liniger, RE/MAX Chairman and Co-Founder. "We were optimistic when the Senate approved the amendment adding … (0 comments)
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ofallon il 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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ofallon il homes: Boston (NRR...Not Real Estate Related) - 04/19/10 07:01 AM
Welcome to Hopkinton!
Congratulations...you ran
You made it. All those cold mornings in the dark, the rain, snow and wind, you ran. While others slept or hit snooze you ran. You ran when you didn't want to, you ran when you felt terrible...you ran. 20 miles (or more) time that could be spent doing other things, you found a way. 4am is a tough wakeup call but you did it... and you ran. When others said "26 miles? I could never do that" you smiled and...ran. Injuries, aches and pains that sideline most people... you ran. You ran...reaching for something, seeking...today. … (2 comments)
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ofallon il 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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ofallon il homes: The State of Real Estate for the 1st Quarter 2010 O'Fallon IL - 04/12/10 06:34 PM
So far in 2010O'Fallon is averaging 20 homes a month closed. Numbers are fairly consistent with January seeing 20 homes close, February was at 18 and March was at 22.
This shows a 7 home increase over the first quarter of 2009.
Additionally average sales price is on the rise over 2009. Average price for homes closed in O'Fallon for 2010 was $178,010 while 2009 was $176,819. Not a huge jump but forward progress.
Price range continues to be dominated by the below $300,000 group.
Of the 60 homes closed … (0 comments)
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ofallon il homes: Fantastic Rehab in O'Fallon IL - 03/09/10 06:03 PM
UPDATED & RENOVATED - CONSIDER THIS ONE BRAND NEW - INCLUDING BRICK,SIDING,WALLS,WINDOWS,FLOORING,APPLIANCES,COUNTERTOPS,VANITIES,ROOF,CABINETS,PLUMBING FIXTURES,HVAC & MORE. VAULTED LIVING ROOM, FAMILY ROOM HAS WET BAR, ALL BATHS TILED WITH BACKSAVER VANITIES. SIDE ENTRY OVERSIZED,FINISHED TWO CAR GARAGE. BEST HURRY ON THIS ONE - CONSIDER IT BRAND NEW IN O'FALLON AT AN AFFORDABLE $179,900. … (0 comments)
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ofallon il homes: O'Fallon IL February Real Estate Market Update 2010 - 03/08/10 01:27 PM
February...not the most exciting month for Real Estate in O'Fallon IL, but 17 homes did close. Interesting to note that 17 homes closed in February of 2009 so no downward movement here, GOOD news.
Currently there are 45 homes under contract and 225 for sale so it is still a fantastic time to purchase. The tax credit is still in place and rates continue to be very competitive.
Price range should be no real surprise and...they are not. Below $300,000 was 100% of the activity.
Looking at the same data from a year to date perspective provides more … (0 comments)
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ofallon il homes: The Healthy Abode-Cabinets - 02/25/10 04:23 AM
From time to time my wife (the worlds BEST Interior Designer, yes I may in fact be biased) is asked to contribute to a local Magazine (St.Louis At Home www.STLMag.com ). In the last few weeks the issue of remodeling and sustainability has come up more than once so thought this article may offer some insight to any of you thinking of starting a project.
For more info visit www.HoldenDesignGroup.com
By Melanie Holden, LEED AP & DesignSpeak contributor
When you make the decision to implement sustainable practices into your life, education is critical in order to understand … (4 comments)
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ofallon il homes: Shoes for Haiti! - 02/04/10 10:18 AM
Greetings!
There is no escaping the images of loss and destruction from the earthquake in Haiti. The response has been overwhelming to say the least. In an effort to assist even further we are collecting shoes. So look in your closet, look under your bed. In my case take it away from the dog.
Chances are there is something for your feet you no longer need but can be put to very good use. No worries we won't comment on your choices in footwear. Both of our offices have been set up as drop off locations or … (0 comments)
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ofallon il homes: 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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ofallon il homes: It's that time of year again! - 10/12/09 09:10 AM
Greetings!
Halloween is rapidly approaching so once again it is time for the OFallonRealEstate.com Jack-O-Lantern photo contest. Rules are pretty easy.
Email us a photo(s) of your Jack-O-Lantern and you will be entered into a drawing for an IPOD Shuffle!
The photo must be one that you have taken and own...simple right?
Photos must be received by 5:00pm November 2nd and winners will announced November 3rd. Good luck!
A few entries from years past:
HAPPY HALLOWEEN!
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ofallon il 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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ofallon il homes: TIME! - 08/31/09 05:39 PM
It's running out! Do you know how the first time home buyer tax credit works? … (0 comments)
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ofallon il homes: $8,000 Tax Credit..what would you do? - 08/14/09 02:45 PM
So what what would you do with/for $8,000???
Most of you are familiar with this program by now but if you need more information please visit us at
OFallonRealEstate.com
Have a great weekend!
Don't let the water run while brushing your teeth!
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