Market slowing or freezing cold temps?

By
Real Estate Agent with Keller Williams Preferred Realty

 

 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.

 

 

Comments (4)

Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL
This weather and the snow and ice have definitely had an impact over the past few weeks here in Lake Zurich ~ Lake County. But, what it boils down to is that the serious buyers are still out there looking!
Feb 19, 2008 12:13 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
It looks like winter has had an effect on many of the colder climates.  We have had so much snow and then wet weather or my personal not favorite "wintery mix."  I am looking foward to the spring thaw!
Feb 19, 2008 12:35 AM
Sandra Workman
Keller Williams Preferred Realty - Kankakee, IL
BBA, Broker, CRS, GRI, ABR, SFR, CNE, ePRO, CNHS
So am I!  -12 expected tonight, really tired of the winter blahs
Feb 19, 2008 08:32 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Sunny San Diego

Jul 24, 2012 01:41 AM