What’s available in Morris, IL right now?

Area Market Survey Criteria

Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Pending, Closed   Property Type: Detached Single, Attached Single   Area: Morris   Months Back: All Months

Under Contract
List Price Range # Listings Avg. Days on Mkt
Less than $49,999 2 4
$50,000 – $99,999 8 318
$100,000 – $149,999 7 319
$150,000 – $199,999 10 221
$200,000 – $249,999 9 387
$250,000 – $299,999 6 510
$300,000 – $349,999 2 124
$350,000 – $399,999 2 345
Under Contract Summary
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
46 315 $188,500 $189,312 $379,000 $37,000 $8,708,349
Active Listings
List Price Range # Listings Avg. Days on Mkt
$50,000 – $99,999 11 229
$100,000 – $149,999 28 243
$150,000 – $199,999 44 242
$200,000 – $249,999 27 361
$250,000 – $299,999 25 357
$300,000 – $349,999 11 476
$350,000 – $399,999 6 349
$400,000 – $449,999 1 267
$450,000 – $499,999 7 355
$500,000 – $549,999 1 162
$600,000 – $699,999 2 264
$700,000 – $799,999 2 566
$800,000 – $899,999 3 374
$900,000 – $999,999 1 640
$1,000,000 – $1,999,999 4 608
$2,000,000 – $2,999,999 1 64
Active Listings Summary
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
174 315 $218,250 $291,373 $2,050,000 $66,000 $50,698,909
Sold Properties
Sold Price Range # Listings Avg. Days on Mkt
Less than $49,999 26 146
$50,000 – $99,999 95 119
$100,000 – $149,999 198 153
$150,000 – $199,999 258 165
$200,000 – $249,999 156 168
$250,000 – $299,999 102 176
$300,000 – $349,999 45 238
$350,000 – $399,999 34 328
$400,000 – $449,999 19 251
$450,000 – $499,999 9 108
$500,000 – $549,999 6 342
$550,000 – $599,999 1 480
$600,000 – $699,999 2 379
$700,000 – $799,999 2 120
$800,000 – $899,999 3 137
Sold Properties Summary
# Units Avg. MT Median Sold Price Avg. Sold Price Max. Sold Price Min. Sold Price Total Volume
956 171 $175,000 $197,155 $860,000 $14,901 $188,480,372

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Second Wild Card

by Jim Ludes on April 13, 2012

in Friday Fun

Totally unrelated to real estate today for Friday Fun. You may or may not know that Major League Baseball has added a second wild card team to its playoffs. Now, the wild card teamS will battle in a one game playoff to determine the real wild card winner. Baseball purists probably hate this. I’m no purist but I think it’s stupid too. Throughout the course of this blog entry I’m going to put my stats nerd hat on and see if my prediction is on to something. I think, before starting, that the difference between the would-be wild card team (as it has been played in the past several seasons) and the current 2nd wild card (the 5th seed, I’ll call them) is going to be fairly substantial. By substantial, I mean a 5 game average in the Win/Loss columns. Therby, I think (going in) that there’s no reason for the 2nd wild card to be added.

Here are the games back of American and National League teams both Wild Card winners behind their division winner and would-be 2nd wild cards behind the actual wild card since  the Wild Card inception in 1995. Here are the Wild Card Stats

Conclusions: I’m an American League guy and in the American League, I think my hypothesis is dead on. The average games behind for the 2nd wild card is 5.5 and the median (as I always love to use in small sample sizes, as you real estate fans know) is 6. 58.8% of the time, the 2nd AL wild card would be 5 or more games behind the original. There’s no reason to give that team another shot at the post-season…..it just had 162 games to get in. In the National League, however, the would-be wild card averages only 2.6 games behind and has finished a mere 1 game behind a stunning 9 times in 17 years. In the NL, the second wild card seems to make more sense. Why the differences in 4th to 5th seed between the leagues? I think it is because the NL has two more teams (16-14). What are your thoughts, baseball fans?

PS- Sox fans, even though I’m against this…..the 2006 team would have been that “5 seed” with a chance at a one game playoff to get into the real playoffs and defend our World Series title.

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Opening Day

by Jim Ludes on April 13, 2012

in Friday Fun

Clients past, present and future. I love you and am grateful for you daily….. but today is the Chicago White Sox home opener and that’s where I’ll be. This is year three of what I hope will be a longstanding tradition with my boys of being at Opening Day. Last year we froze.

Opening Day at about 29 degrees

The year before we sweat….

God Bless the ol' U.S- Opening Day tradition

Pics from later today in the future.

Play ball!

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Agent Reboot

by Jim Ludes on April 4, 2012

in General

Today I’m attending Agent Reboot Chicago (#Agentrb). I’ll be learning the newest trends and tools in social media and technology from the top experts in the country and real estate industry. I’m already one of the best in the area (if I can toot my own horn for a second) and now I should be so much better. O’Hare, here I come!

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Peeping Tom Helps Sell a House?

April 3, 2012

Does anyone else see a Peeping Tom looking through this bathroom window?

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Morris Press Release

March 16, 2012

Kinda a self serving promo here, but it’s always fun to have a big write up in the newspaper, right? The Morris Daily Herald had a press release from RE/MAX Top Properties about me yesterday.

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Squeaky Floors?

March 12, 2012

Do you have a squeaky floor? I often tell tell people how to remedy this issue but the folks at Inman had an article about it the other day. So, I’ll just let them tell you how to do it!

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STATurday

March 10, 2012

Happy Staturday. Who wants to know what is available in Lockport? (Probably people that are selling or looking to buy in Lockport.) If you’d like a take home copy of what’s going on in Lockport, click on the housing type header and viola, it’s yours! Single Family Homes: 183 Active homes Average Market Time: 224 [...]

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Wordless Wednesday

March 7, 2012

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Will Homes Flood Market as Prices Rise?

March 5, 2012

Yesterday David Slade wrote the attached article in the Post and Courier. Check it out and let me know your thoughts.

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