WINDERMIRE RIDGE, O'FALLON IL YEAR END UPDATE 2008
2008 saw 5 homes close in Windermire Ridge.
Prices ranged from $298,000-$370,000. Included in this group is one foreclosure.
Total sales volume: $ 1,658,750.
Average days on the market: 58
Average sales price: $331,750.
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Currently there are 3 homes for sale in the subdivision.
List prices range from $329,900-$359,900 and average days on market has jumped to 188.
0 comments • David Holden Broker/Owner RE/MAX Preferred • February 06 2009 06:25AM
"Stimulus Plan"
This term is being tossed around quite a bit as of late with some very large numbers attached to it...to the tune of 820 BILLION. But the question locally is: How does this affect O'Fallon? If you drive, walk or run around town you no doubt have a list of things you think need to be addressed. For example those of us in the "Historic District" of town have been clamoring for storm sewers and curbs. So we are pleased to see it on the list of possibilities.
Below is a list of what the city has ready to go should some of this money trickle down our way. I would be interested in your thoughts on what you think needs to be added to this list. There are other projects needed to be done but these meet the criteria that they must be "shovel ready" in order to receive funding. A big thank you to Walter Denton for providing this data:
|
Project Name |
Est. Cost |
Jobs |
Overall Impact |
|
Family Sports Park Expansion |
$2,697,000 |
Retain - 87, New - 24 |
Construct four multi-use baseball/softball fields in the Family Sports Park which will allow the facility to host national tournaments bringing additional tourism dollars to the Metro-East St. Louis area. |
|
Old Collinsville Road Reconstruction |
$2,725,500 |
Retain - 73, New - 23 |
The development of the housing subdivisions that are platted along the route and to the north is impacted by the old farm to field type road that is in existence presently. With increased housing units will come the support jobs needed to serve the area. |
|
Southeast Development Area - Water & Sewer |
$1,687,500 |
Retain - 57, New - 1,120 |
Provide water and sewer service to an 800-acre development area at the proposed Exit 21 of I-64, within a mile radius of Mid-American Airport, and within 21 miles of downtown St. Louis. The area is currently without a water distribution system and a sanitary sewer collection system, which has long stalled development of the area. |
|
Seven Hills/Old Vincennes Trail Roundabout |
$745,000 |
Retain - 27 |
The existing intersection is a four-way stop of two heavily traveled roads that often delays traffic headed from northern subdivisions and central town traffic headed to Scott AFB and the high school. Provision of a modern roundabout would clear everyday congestion. |
|
Ashland Avenue Extension |
$4,432,000 |
Retain - 93, New - 320 |
This route will provide relief to traffic between Old Collinsville Road and Central Park Drive on existing routes. Additionally, it would provide access to 100+ acres of prime development property. |
|
Reconstruction of East Presidential Streets |
$2,791,000 |
Retain - 79 |
This project calls for a curbed roadway to replace oil and chip surfacing that does not have underground storm sewers to take away surface flooding. The old roadway profiles actually put rain water in front and side yards to be conveyed away by inadequate surface drainage. An integral part of the design is detention of the stormwater to reduce impacts on the degraded riparian areas of the City's central area. |
|
Wastewater Treatment Plant Clarifier |
$4,278,000 |
Retain-111, New - 100+ |
The limiting process in the existing Wastewater Treatment Plant is clarifier capacity. During high flows, the ability to provide needed settling is limited. In addition, a third clarifier allows for the needed maintenance during low flow of one of the clarifiers without sacrificing treatment standards. |
|
Stormwater Remediations |
$1,384,000 |
Retain - 46 |
Numerous areas of the older sections of town have drainage problems that need to be addressed for the long term good of the neighborhoods and the residents. Solutions to those problems provide for a better quality of life. |
|
Wastewater Treatment Plant Headworks |
$3,120,000 |
Retain - 66, New - 7 |
The existing grit separator is rather inefficient allowing even large bits through to pumps and orifices that they will clog. By providing for better separation, the rest of the treatment train can become even more efficient and handle increased demand from local development activities. That supported demand means more secondary jobs to support the increased development. |
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1 comment • David Holden Broker/Owner RE/MAX Preferred • February 04 2009 12:47PMA common question...
Why should I talk to a lender BEFORE I look at homes?
There are several reasons why this is a GREAT idea. Here are just a few:
•1.) You'll know what you can afford. Most folks "think" they know, but with requirements for loans changing on an almost daily basis, the truth - is most don't. Many Lenders can tell you over the phone in a matter of minutes.
•2.) Makes you a much stronger buyer. Again, the mortgage industry is fluid right now. If a reputable lender has put their stamp of approval on you, you're in a better negotiating position.
•3.) Time saver, talk to a lender first. If there is a problem that needs correcting the time to do it is BEFORE you try to buy a house.
•4.) Agents "should" have all their buyers pre-qualified BEFORE showing homes. What is the point of dragging a buyer through your $300,000 home that you just spent all day cleaning, then loading up the little ones and leaving. Only to find out those buyers only qualify up to $150,000.
•5.) Nothing worse than falling in love with a home only to find out it is out of reach.
These are 5 very good reasons, however this list could continue. Stay tuned as we will have a Mortgage industry update very soon.
0 comments • David Holden Broker/Owner RE/MAX Preferred • February 03 2009 02:13PMGreetings!
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.
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HOMES UNDER CONTRACT =13 (01/01/2009-01/31/2009)
Of the 13 with a contract:
NEW CONSTRUCTION= 2. Average price $226,450
and Days on Market is 261.
RESALE HOMES= 11. Average price $195,164
and Days on Market is 144.
______________________________________________
CLOSED HOMES= 10 (homes closed 01/01/2009-01/31/2009)
Of the 10 that closed last month:
NEW CONSTRUCTION =1. Average price $285,340
and Days on Market is 99.
RESALE HOMES = 9, Average price is $107,380
and Days on Market is 150.
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We have information available for other areas as well. If you would like this data just let us know.
Information deemed reliable but not guaranteed. Data pulled from SIRMLS.
Regards,
AND, BY THE WAY...IF ANYONE NEEDS A DOG, THEY REALLY NEED A HOME!
6 black lab (mix) puppies were rescued out of the middle of the road on
Saturday. PLEASE help me find them homes - otherwise, it's Animal
Control - which means they only have 5 days. We've bathed them, sprayed
them for fleas and wormed them....but we can't keep them. They are
currently in a kennel in my basement since I don't have a fence. I've
lost count of the number of rescue groups that I've contacted, only to
be turned down due to no room. Please check with every dog person you
know to see if they need a pup
py
0 comments • David Holden Broker/Owner RE/MAX Preferred • February 02 2009 01:44PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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