About O Fallon's Thornbury Hill

Hello!

This update includes both Thronbury Hill and the Manors at Thornbury Hill. Keep in mind this data was pulled directly from the MLS. If Fulford sells a home without agent involvement it does not show up in our system.

In 2008: 12 Homes closed in Thornbury. Given the current state of the market this is very good activity.

Of the 12:

11 were Re-sale homes with an average sales price of $291,707 and average days on market of 84.

1 was new construction; it sold for $330,886 and was on the market for 371 days.

Compared to other areas in O'Fallon IL this is very significant activity.

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For 2009:

2 have closed so far. This shows a very early indication of continued elevated activity. The 2 that have closed so far have an average sales price of $245,500 and were on the market an average of 104 days. One of these was a short sale that closed far below market value which explains the low average sales price.

More good news: 2 more are currently under contract. Since they have not closed we have no average sales price data but will update as soon as it becomes available.

Right now there are a total of 9 homes for sale. Of the 9 homes, 8 are resale with an average price of $319,250 and days on market of 66. One new construction is currently listed for $299,900 and has been on the market for 80 days.

There is one additional new construction spec home currently for sale for $390,455. This one is not factored into the data.

So all in all Thornbury is fairing much better than many areas. If you would like further information feel free to contact us.

Don't forget to "Spring Forward " and set your clocks ahead 1 hour BEFORE you go to bed Saturday night!