Happy Thanksgiving! Wishing you a warm and peaceful holiday season. Please take a moment to think of those that cannot be with us.
And how about some good news?
Month to date (11/01/2009-11/25-2009) the Real Estate numbers look very good!
So far in November 2009, 25 homes have closed in O'Fallon. Basically a home a day, not bad at all.
21 of the homes were pre-owned and had an average market time of 108 days and an average sales price of $144,168.
The other 4 were new construction. These had an average market time of 133 days and an average sales price of $239,750.
This is a dramatic rise over the last few years for the same time period.
For example in 2008 only 11 homes had closed at this point in November... this represents a 128% increase!
Much of this is of course due to the tax credit. With the recent expansion we can be cautiously optimistic about the future. Full report to follow once the monthly totals are in. Once again, Happy Thanksgiving!
David Holden
Broker/Owner CDPE, GREEN, GRI
RE/MAX Preferred
1668 Windham Way O'Fallon IL & 4 Emerald Terrace Swansea IL 62226
Great news for your area of the country. I am glad to see the midwest doing well. Our market has made lots of progress in selling the bank owned properties and short sales are not picking up rather quickly.