Grundy County

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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Happy Independence Day, Will and Grundy County. Celebrate safely, please.

Here’s where you can find fireworks in Will County (courtesy of fireworksinillinois.com):

Lockport 4th of July Fireworks

Date:  July 3, 2015 at 9:10pm
Where: Dellwood Park
18th and Lawrence Ave
in Lockport, Illinois 60441
Find more fireworks displays in Lockport, Illinois

Romeoville Independence Day

Date:  July 3, 2015 at 9:15pm
Where: Village Park
900 W. Romeo Road
in Romeoville, Illinois 60446
Find more fireworks displays in Romeoville, Illinois

Patriotic Picnic and Fireworks

Date:  July 3, 2015 at Dusk
Where: Plainfield Central High School
24120 W. Fort Beggs Dr.
in Plainfield, Illinois 60544
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Lemont Park District Freedom Days Fireworks

Date:  July 3, 2015 at Dusk
Where: Centennial Park
16028 127th St
in Lemont, Illinois 60439
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Park Forest July 4th Celebration

Date:  July 4, 2015 at 9:15pm
Where: Central Park
410 Lakewood
in Park Forest, Illinois 60466
Find more fireworks displays in Park Forest, Illinois

Bolingbrook All American Celebration

Date:  July 4, 2015 at 9:15pm
Where: Bolingbrook Golf Club
2001 Rodeo Drive
in Bolingbrook, Illinois 60490
Find more fireworks displays in Bolingbrook, Illinois

Channahon 4th of July Fireworks

Date:  July 4, 2015 at 9:15pm
Where: Community Park
23200 W McClintock Rd
in Channahon, Illinois 60410
Find more fireworks displays in Channahon, Illinois

Joliet 4th of July Fireworks

Date:  July 4, 2015 at Dusk
Where: Memorial Stadium
3000 W. Jefferson St.
in Joliet, Illinois 60435
Find more fireworks displays in Joliet, Illinois

Ribfest Fireworks

Date:  July 4, 2015 at 9:30pm
Where: Knoch Park
724 S. West St.
in Naperville, Illinois 60540
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Beecher Fourth of July

Date:  July 4, 2015 at 9:30pm
Where: Firemen’s Park
673 Penfield St
in Beecher, Illinois 60401
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New Lenox 4th of July

Date:  July 4, 2015 at 9:30pm
Where: Village Commons
1 Veterans Parkway
in New Lenox, Illinois 60451
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Frankfort 4th of July Celebration

Date:  July 4, 2015 at Dusk
Where: Main Park
400 W. Nebraska St.
in Frankfort, Illinois 60423
Find more fireworks displays in Frankfort, Illinois
Here’s where you can find fireworks in Grundy County (courtesy of fireworksinillinois.com):

Channahon 4th of July Fireworks

Date:  July 4, 2015 at 9:15pm
Where: Community Park
23200 W McClintock Rd
in Channahon, Illinois 60410
Find more fireworks displays in Channahon, Illinois

Grundy County Fair

Date:  July 5, 2015 at Dusk
Where: Grundy County Fairgrounds
Illinois Rt 47
in Morris, Illinois 60450
Find more fireworks displays in Morris, Illinois

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June 2015 was a booming month in homes placed under contract, up more than 34% from this same month a year ago. New listings, however, were down by more than 18%. This helps contribute to their being almost 52% less inventory for potential home buyers.

For houses sold and closed, the median value is up almost 6% for the rolling year (June 2014 to 2015 compared to the previous 12 months), the market time is slightly less to get under said contract and the month’s supply has dropped by almost a full month!

It’s becoming a better and better time to be a seller in Grundy County.

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The Grundy County housing market continues to thrive. Prices are rising, more houses are selling, and inventory and market times are falling.

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“How long will this house be on the market?” – many buyers

The short, honest, answer to that question is, “I don’t know.” No one likes to hear that- but it’s the truth. At any given time someone can be interested in any house on the market and it could sell tomorrow. As a stat-driven-REALTOR I think numbers can lead you on the right path to educated choices. They will never guarantee anything, of course, but they will give you an inkling as to how long something should take. Take this chart of Will and Grundy County properties to close in the last three months (9.28.14 to 12.28.14); 2558 bits of data (closed sales of any type $20,000 or higher) comparing listing market time to percentage of  original list price sold for. I’m on record as preaching that houses generally sell for 94-96% of last list price. I think this shows that I’m not wring.

How do I use this fancy chart to tell me what I asked, smart guy?

Well, you DO need the help of a market expert (I’m one, but there are others). If a house you’re selling or one you’re interested in buying is priced correctly (ie: within 4-6% of where the professional tells you it is likely to sell for), you can surmise that it won’t be on the market very long. If your pro thinks that its value is about 80% of where it is listed, it has just a good of a chance at selling in 120 days as it does 30. PLEASE NOTE: This date is for the FINAL list price. So if that house you have your eye on drops its price, it’s odds of selling sooner will very likely increase. Of these 2558 properties, 1864 (72.9%) had NO price drops in its listing time.

Will/ Grundy County closed sales 9.28.14 to 12.28.14, of better than 70% list price to sales price and 365 days or fewer on the market.

Does this help or make it more unclear?

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Sales in Morris continue to be as strong in 2014 as they were a year ago. 12 month rolling data shows Morris has only dipped below 230 closed property sales one time since May of 2013 (and that was only as low as 229 in August). Way to go Morris!

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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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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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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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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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