Diamond

How long does it take to sell a 4 (or 4+) bedroom house in Coal City, Diamond, Carbon Hill? Not as long as it used to!

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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 lack thereof. In the below chart you will see the numbers for a year leading up to the tornado and the year since. I’m pleased to report that while we’re a sale off, the median price is up a percent and the average time it takes to put said houses under contract is down 9 days (or about 31% depending which angle sounds better to you). This shows that these two subdivisions are as strong, or stronger, than previously. I’d expect nothing less from this #CoalerStrong community.

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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 90 such houses to close, 19 (21%) failed to report the home’s square footage on the listing.

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Someone at the office asked me to show them what single family housing has done each month this year. If I can show co-workers, why would I keep it from my loyal readers?

Of course, in a small sample size like this, the numbers are going to jump around. But knowledge is power, and knowing is half the battle, right?

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I just closed on a house on Pheasant Lane in Coal City that made my seller a good amount of money on a property she owned for 21 months. Here’s what the inventory is looking like for single family homes 3 bedroom and more in Coal City/ Diamond.

In the past 12 months…..

  • 3 bedroom houses are down 22.2%
  • 4+ bedroom houses are down 19.4%
  • ALL bedrooms are down 19.6%

The buyers market is evaporating!

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In the last year, Coal Cit/Diamond/Carbon Hill sales are up 35.3% That’s great news…..we’re selling more properties!

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Goal, Goal, Goooooooooooal

September 25, 2013
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Second Agent Advantage

September 24, 2013

In real estate, we often say it pays to be the 2nd agent through the door. This means, it’s often better to be not the first agent a house is listed with, but the second after the initial listing does not produce a sale. I had sellers of mine inform me that they were going [...]

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Why are Banks Poor?

May 28, 2013

No one will say that the rash of short sales and foreclosures the last 5ish years have left banks in better situations than they were prior. One must, however, wonder just how much the banks shoot themselves in the foot. Find a real estate agent and he or she will have plenty of tales of [...]

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Good Morning Coal City!

August 23, 2011

I haven’t done any market snapshots in a while, so I’ll hit the major ones in my areas this week. Today, I’ll start at home with Coal City/ Diamond/ Carbon Hill. Currently in Coal City/ Diamond/ Carbon Hill there are 75 single family homes for sale. The median asking price of those homes is $159,900. (Remember, [...]

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