So far in 2010O'Fallon is averaging 20 homes a month closed. Numbers are fairly consistent with January seeing 20 homes close, February was at 18 and March was at 22.
This shows a 7 home increase over the first quarter of 2009.
Additionally average sales price is on the rise over 2009. Average price for homes closed in O'Fallon for 2010 was $178,010 while 2009 was $176,819. Not a huge jump but forward progress.
Price range continues to be dominated by the below $300,000 group.
Of the 60 homes closed in 2010 93% closed below $300,000
Next month will give us the first "true" picture of the market as the tax credit is set to expire April 30th. Currently there are 72 homes under contract and 11 closed already (thru April 12th, 2010) in O'Fallon IL. A large percentage of these are undoubtedly due to the stipulation that you must be under contract prior to April 30th 2010 to qualify for the credit.
Last but not least!
We are pleased to announce the launch of two new websites:
The Healthy Abode
and
Holden Design Group
Please feel free to stop by and visit either one.
