As you can see, the market has slowed down significantly in our area for January, but you have to realize, it was January! We've had record precipitation this year and abnormally cold days! There was significant flooding in Iroquois county and flood warnings in parts of Kankakee County. I'm waiting to see what February holds with the -12 temps we are having today - February 19th!
The buyers are still out there! I've had a number of showings the past 2 weeks - even with the temperatures holding a steady 10 degrees or less.
Real Estate is a great investment!!
Kankakee - Iroquois - Ford MLS Promatch Statistics for 01-01-2008 to 01-31-2008
# of ACTV LISTINGS SOLD Avg. Sold Price Avg. DOM Avg. Sold to list price %
Commercial 80 3 $505,833 209 95.15%
The average list price of Commercial was $427,935.00 with 12 new listings for the month of January.
Lots, Farm, Land 449 18 $264,322 706 93.56%
The average list price of Land was $472,787.00 with 43 new listings for the month of January.
Mobile Home 34 2 $24,250 146 86.63%
The average list price of Mobile Homes was $38,862.00 with 10 new listings for the month of January.
Multi-Family 128 4 $84,424 209 88.98%
The average list price of Multi-family property was $285,115.00 with 19 new listings for the month of Jan.
Residential 1203 54 $125,119 145 87.60%
The average list price of Residential was $167,901.00 with 203 new listings for the month of January.
The active listings counts are always the current activities in the system and are not affected by the date range specified in the report
The number of New listings is based on the number of current active listings that have listing dates that are within the date range specified for the report.