Montgomery, IL

An opportunity like this does not come around too often. With the recent signing of a major housing stimulus bill, it's now a great time to close on your first home. On July 30, 2008, the Housing and Economic Recovery Act of 2008 was passed, which includes a new, temporary tax credit as an incentive for first-time homebuyers. With this bill, first-time homebuyers may qualify for a tax credit of up to $7,500 for the purchase of a principal residence.

Contact LaNita Cates with RE/MAX of Joliet by calling 630-341-1545 or visiting www.lanitacates.com or emailing me at lanitacates@yahoo.com. LaNita works in Joliet, Crest Hill, Romeoville, Bolingbrook, Plainfield, Naperville, Aurora, Oswego, Montgomery, Yorkville and other areas! I've worked with buyers in the South Loop, Morris, Orland Park, Tinley Park....

Call or email me today!

April was not a very active month for Boulder Hill. Only 5 homes closed with an average market time of 110 days. That means if you're thinking about selling your home - don't plan on a sale completing until sometime in August. That's if you list now. With an average market time over 100 days - you'll need to list your home soon to make sure it closes before the holidays!

Detached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 5 100% $175,680 $169,340 96% 110 $0 0% 3 3 100% $176,200 $172,133 98% 100 0% 4 2 100% $174,900 $165,150 94% 124 0%

Although 5 homes sold in Boulder Hill, there are currently 65 homes for sale - 8 of those currently under contract. The average List price is just over $181,000 with the average sold price just over $177,00. Compared to the same time last year - 13 homes sold with an average sales price just over $200,000. That's an average price drop of $23,000!

Bo Buchanan, Kettley Realtors 58 Chicago Rd, Oswego IL. 60543 (630) 846-4663

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Montgomery, Illinois SOLD April 2008

Real Estate Market statistics for Montgomery, Illinois April, 2008. 2 separate categories are included - Single Family homes (Detached Single), Condos & Townhomes (Attached Single) and 2-4 unit buildings.

If you would like a more detailed report of your specific neighborhood please don't hesitate to contact me.

MONTGOMERY SOLD - APRIL 2008

Detached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 16 100% $213,473 $203,206 95% 108 $0 0% 3 9 100% $209,189 $200,009 96% 123 0% 4 7 100% $218,981 $207,316 95% 89 0%

Attached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 6 100% $165,433 $162,333 98% 90 $0 0% 2 or Less 4 100% $159,925 $155,625 97% 60 0% 3 2 100% $176,450 $175,750 100% 150 0%

Bo Buchanan, Kettley Realtors 58 Chicago Rd, Oswego IL. 60543 (630) 846-4663

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I finally got a chance to tour the new Boulder Hill Condos off Boulder Hill Pass - down behind the shopping Center at the Rt. 25 Entrance. These apartment buildings are being converted to condos as they are sold. Prices start at $75,900 for a one bedroom unit and go up to $120,900 for a 3 bedroom townhome.

There are two units you can view as models - both have been furnished by IKEA and look really nice!

These units are similar in size (but more updated) as the Deer Run Condos off Rt. 31 in Oswego. All units will have association dues but heat will be billed separately. Some of the standard home features will include:

• New Windows
• Wall to Wall Carpeting (laminate wood upgrades offered)
• Custom Window Treatments
• 6 Panel Colonist Doors & Trim
• Designer Lighting pacakge
• Appliances
• Central Air
• and more!!

For more information, floor plans or to tour the models call!

Bo Buchanan, Kettley Realtors 58 Chicago Rd, Oswego IL. 60543 (630) 846-4663

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