Tornado Recovery in Diamond Estates/ Farmstone?

November 23, 2014

I’ve been spending a lot of time in Diamond Estates this week. Many homes, damaged in last year’s tornado, are fixed with homeowners back in place- some bigger and better than ever before. Others are works in progress. Because it’s how my brain works, I wanted to put a number on the subdivisions’ recovery- or [...]

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Will County Hot Stats: September 2014

October 16, 2014

Will County continues to be a thriving market in Illinois. In September of 2014, listings and houses under contract are way up (21 and 27 percent, respectively). Homes closed are up 6% year over year and the time to sell those houses is way down (almost 34% year over year). This is a solid market.

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Grundy County Hot Stats: September 2014

October 13, 2014

It’s hard to imagine 2014 is already three quarters in the books, but it is. Here’s how the year is stacking up in vital real estate statistic form. Grundy County closed one fewer house this September than last. That means the market here is virtually identical in terms of units moved. Year over year, we’ve [...]

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Price Drops

September 11, 2014

In the two weeks leading into 9/8/14 there were 2,329 price changes in my entire Multiple Listing Service (so, in Northern Illinois). 2.1% of those were either zero change in price (don’t get me started on agents that do that) or price increases. That leaves us with 2,270 single family houses that reduced their asking [...]

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Grundy County Stats August 2014

September 9, 2014

Like yesterday’s post about single family housing statistics in Will County, today I give you the numbers for Grundy County in August of 2014. Of significance to me is, like in Will County, the reduction of months supply and median market time. This signals an evening out in what has been a buyer’s market for, [...]

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Will County Housing Stats, August 2014

September 8, 2014

We’re into September and a few days later than I’d like to usually send these numbers your way, so I apologize. Of significance, in my opinion, is that Will County put better than 21% more houses under contract this August than last. That could be because of the bad winter that slowed the start of [...]

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Price per square foot, Morris

September 7, 2014

The last two days you’ve seen price per square foot in Braidwood and Coal City. Morris trumps each of those communities with an average price per square foot of $99.85 and a median of $100.87.

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Price per square foot, Coal City

September 6, 2014

Piggybacking off yesterday’s price per square feet post (and subsequent statistics for Braidwood), I thought we’d take a #Staturday look at the same thing in Coal City. In the last year of Coal City single family homes, the average price per (reported*) square foot was $91.96 with a median of $93.10. *Please note- of the [...]

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Price per square foot, Braidwood

September 5, 2014

One of the first questions a buyer will typically ask when walking into a house is, “how many square feet is this?” It’s a reasonable question. It gives a baseline by which to compare house to house. Of course, with that, comes a question of how many price per square foot one is paying for [...]

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% of Original List Price to Days on Market

August 26, 2014

I preach this stuff a lot. Eventually though, everyone will listen. Pricing is important. Here is a chart of the last 12 months of sales in Grundy County (single family) and the relationship between days on the market and percent of original list price obtained. Notice the obvious downward linear trend! What happens if we [...]

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