Real Estate Update for O’Fallon IL, Home of the week, a 5K, and Alpacas!

While the Real Estate Market has cooled a bit as of late (there have been 15 closings in O’Fallon in September 2010 compared to 29 for this same period last year) there was plenty going on in O’Fallon this weekend. St. Clare had their Annual Oktoberfest along with a 5K run:

The Strange Folk Festival made a return to O’Fallon over the weekend; despite the wet weather the event was well attended.

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As mentioned above the closings have dropped off considerably in just 30 days however a true picture will have to wait until the end of the month when the final numbers come in. The good news is that things are still in fact selling with 41 homes currently under contract. The average list price for those homes is $199,981. This number is a bit high as one of these homes was listed for $790,000. Removing that one from the equation brings the average down to $185,139.

O'Fallon IL Home of the week: 123 Slazenger!