Real Estate info- buying, selling and everything in between

Much has been said and changed as of late regarding the $8,000 tax credit and the ability to use it for down payment purposes.  For some clarification and insight, Ryan Luechtefeld has written a very informative article outlining some options.  To read click here Enjoy!

And in other news, if you have noticed an absence of wood sculpture in downtown O'Fallon it is due to the fact the local artist Dave Perez has departed.  I hope you had the opportunity to stop by and visit or pick up a piece of truly unique art. 

Swansea IL (Wolf Branch) Real Estate Market update  April & May 2009

Swansea continues to be consistent in closed home sales.  May had 7 homes close which is the same number as January.  All things considered things look good for the Wolf Branch school district.

May 2009

Closed homes: 7

Re-sale:  6 with an average sales price of $164,750 and market time of 86 days

New Construction: 1 with a sales price of $423,577 and 47 days on market.

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April 2009

Closed homes: 5

Re-Sale: 4 with an average sales price of $173,725 and market time of 132

New Construction: 1 with a sales price of $487,295 and 77 days on market.

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Year to date totals for Swansea IL Wolf Branch School District:

O'Fallon IL May 2009 Real Estate Market Update

May 2009 had 33 homes close as opposed to only 13 back in January so moving in the right direction.  Currently there are 305 homes available in all price ranges.  More good news: 52 homes are currently under contract.

Of the 30 homes that closed in May 2009:

29 were pre-owned and had an average sales price of $196,320 with an average market time of 189 days.

1 was New Construction and had a sales price of $254,000.