It's time to give back! We've been so blessed over the past year....(What the heck you talking about Dawg???) Well...before you think the Dawg's been dippin' in the sauce a tad bit early, let me remind you of the fact that most likely you still got some kind of roof over your head, you probably got three squares a day...and love ones around you. Am I right? Can the Dawg get an "AMEN" ? Thank you... You don't have to look far to see that, yes you have been blessed...you probably have more than most....(and here in Chicago we got our Hawks!!!!..now that is another blessing!!!). Well How about giving some of that good fortune back? Here's something we are doing at Coldwell Banker this month:
Email me for more details!
And another thing... According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in April 2010 were up 34.4 percent, totaling 10,323 homes sold compared to April 2009 sales of 7,683 homes. The median price in April 2010 was $157,450, up 5.0 percent from $150,000 in April 2009. (The median is a typical market price where half the homes sold for more, half sold for less.)
That my friends....is a blessing!
And with that, I give you this months:
By The Numbers...
For May 2010 Single Family Detached Homes (Information courtesy of MRED LLC)
Naperville
Active Listings: 1118 (as of 06/01/2010)
Sold(05/01/2010-05/31/2010): 121
Months Supply(Act/Sold): 9.7 Months
High Sold Price: $1,415,000
Average Sale: $433,877
Average Market Time: 141
May 09 Top Subdivision (sales): Tall Grass (6),
Cress Creek (6),Old Farm (5)
Aurora
Active Listings: 1127 (as of 06/01/2010)
Sold (05/01/2010-05/31/2010): 157
Months Supply(Act/Sold): 7.18 Months
High Sold Price: $700,000
Average Sale: $160,264
Average Market Time: 168
May 09 Top Subdivision (sales): Hometown (11), Stonebridge & 3 other (4)
Plainfield
Active Listings: 829 (as of 06/01/2010)
Sold (05/01/2010-05/31/2010): 100
Months Supply(Act/Sold): 8.3 Months
High Sold Price: $545,000
Average Sale: $233,006
Average Market Time: 173 Days
May 09 Top Subdivision (sales): Grand Park (8), Wesmere (5)
Oswego
Active Listings: 297 (as of 06/01/2010)
Sold (05/01/2010-05/31/2010): 34
Months Supply (Act/Sold): 8.7 Months
High Sold Price: $424,000
Average Sale: $244,286
Average Market Time: 154 Days
May 09 Top Subdivision (sales): Churchill Club (3), Farmington Lakes (3)
Making some choices here....I've had this particular website for around 7 years....not getting as much return as I'd like...renewal coming up....Might be making a change, but you'll still be able to get "Dawgs Blog' via Activerain.com (an excellent site for real estate info from around the country!). If not...I'll figure out a nice easy smooth way for you to find me...I've kind'a grown found of you looking for me....wouldn't want to give that up now would we?
- Dawg -
It's over...or is it? The Governments housing stimulus plan of the tax credit ended April 30th with more of a whimper than the roar of a victorious game plan. Several communities including my hometown of Naperville have enacted their own stimulus plan to keep the faint-but-present pulse of the local real estate market alive. These involve sometype of tax credit incentive if you buy local. (email me for the details)
Some real estate companies have also enacted their own plans. Coldwell Banker has big plans to keep the ‘dream alive' The plan involves sellers giving back to buyers -All legal and above board of course, but still to me (IMHO) it's nothing more than the seller conceding 8k to the buyer and since most sellers are still in La-la land as far as realistic pricing goes, what's 8 grand among friends? (kind of like a rebate....why not just give me the lower price in the first place and lets get'r' done!)
Let's stop now before I start ranting....so with that I give you this months:
By The Numbers...
For April 2010 Single Family Detached Homes (Information courtesy of MRED LLC)
Naperville
Active Listings: 1152 (as of 05/01/2010)
Sold(04/01/2010-04/30/2010): 107
Months Supply(Act/Sold): 10.77 Months
High Sold Price: $1,700,000
Average Sale: $421,229
Average Market Time: 148
April 09 Top Subdivision (sales): White Eagle (5),
Cress Creek (5)
Aurora
Active Listings: 1281 (as of 05/01/2010)
Sold (04/01/2010-04/30/2010): 150
Months Supply(Act/Sold): 8.5 Months
High Sold Price: $2,300,000
Average Sale: $177,377
Average Market Time: 134
April 09 Top Subdivision (sales): Oakhurst (7), Hometown (6), Stonebridge (6)
Plainfield
Active Listings: 926 (as of 05/01/2010)
Sold (04/01/2010-04/30/2010): 68
Months Supply(Act/Sold): 13.61 Months
High Sold Price: $457,000
Average Sale: $232,115
Average Market Time: 126 Days
April 09 Top Subdivision (sales):Liberty Grove (5), Carillon (4), Clublands (4)
Oswego
Active Listings: 327 (as of 05/01/2010)
Sold (04/01/2010-04/30/2010): 29
Months Supply (Act/Sold): 11.27 Months
High Sold Price: $435,000
Average Sale: $257,055
Average Market Time: 217 Days
April 09 Top Subdivision (sales): Churchill Club (3), Fox Chase (3)
Mortgage rates rising, no more tax credit, the next wave of bank owned foreclosures on the way...but amazingly....home prices creeeeeeeeeeeeping upward ......what's next?? Will we be able to stall off those new foreclosures In order to keep prices on the rise? Is more government intervention needed or even welcomed at this point....)
Quite the situation we got going on here.....got me some thinking to do.
- Dawg -
Tick-tock....tick-tock...Time is running out on the First time home buyer Tax Credit....T minus 20 days 02 hours 04 Minutes and 35 seconds give or take as I type these words (04/09/10 21:56:25).... Get your motor running... it is now or never
...or is it?
April Is Fair Housing month, marking the 42nd Anniversary of the 1968 landmark Fair Housing Act. As Realtors® it is a good reminder to look closely at our buyers and sellers and our own actions on how we treat our clients (and fellow Realtors® for that matter)...are we always upholding equality? And are we watching out for them as to any discrimination they,our clients may encounter?
Article 10 of the REALTORS® Code of Ethics provides that "REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status, or national origin. REALTORS®, in their real estate employment practices, shall not discriminate against any person or persons on the basis of race, color, religion, sex, handicap, familial status, or national origin."
If you feel you've been discriminated against contact the US Department of Housing and Urban Development /
Office of Fair Housing and Equal opportunity.
www.hud.gov/fheo.cfm
With that I give you this months:
By The Numbers...
For March 2010 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings: 1083 (as of 04/01/2010)
Sold(03/01/2010-03/31/2010): 95
Months Supply(Act/Sold): 11.4 Months
High Sold Price: $1,200,000
Average Sale: $390,367
Average Market Time: 186
March 09 Top Subdivision (sales): West Wind Estates (5),
Several others tied at (4)
Aurora
Active Listings: 1275 (as of 04/01/2010)
Sold (03/01/2010-03/31/2010): 116
Months Supply(Act/Sold): 10.99 Months
High Sold Price: $505,000
Average Sale: $140,034
Average Market Time: 140
March 09 Top Subdivision (sales): Hometown (5), Butterfield (4)
Plainfield
Active Listings: 888 (as of 04/01/2010)
Sold (03/01/2010-03/31/2010): 68
Months Supply(Act/Sold): 13.06 Months
High Sold Price: $420,000
Average Sale: $216,233
Average Market Time: 131 Days
March 09 Top Subdivision (sales):Mayfair (7), Wesmere (7)
Oswego
Active Listings: 320 (as of 04/01/2010)
Sold (03/01/2010-03/31/2010): 19
Months Supply (Act/Sold): 16.84 Months
High Sold Price: $440,000
Average Sale: $256,800
Average Market Time: 218 Days
March 09 Top Subdivision (sales): Churchill Club (4)
Wonder what the odds are in Vegas of the credit being extended?
...Don't bet the "House" on it...-
- Dawg -
OK...So you (or someone else..) told me that last month (or was it the month before...I forget...) that the market had bottomed out and that we now need to burn off the excess inventory and things will be all back to Happyville in Real Estate World.
Well......sure. I've read something about 'rock bottom' for the past year from some so called expert (gee....did Da' Dawg give some empty promise along the parade route...I'm sure I did....) But when a big wig like CB/NRT's own Jim Gillespie speaks and gives some hope we should listen! Jim referred to a reason to get into the market now because mortgage rates are going to go up. ...and of course Jim has solid reasoning too:
"Rates should go up as much as previously expected once the Fed stops buying Mortgage Backed Securities. Reason one is the Fed will not immediately sell the securities. The second is private investors (pension funds or other institutions) will enter the market due to new mortgages are solid investments and the spread is very nice to what Treasuries are bringing."
While I give you a moment to digests that I give you this months:
By The Numbers...
For February 2010 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings: 926 (as of 03/01/2010)
Sold(02/01/2010-02/28/2010): 53
Months Supply(Act/Sold): 17.47 Months
High Sold Price: $1, 099,900
Average Sale: $423,324
Average Market Time: 194
February 09 Top Subdivision (sales): West Highlands (5),Lakewood Crossings(3), White Eagle(3)
Aurora
Active Listings: 1194 (as of 03/01/2010)
Sold (02/01/2010-02/28/2010): 77
Months Supply(Act/Sold): 15.51 Months
High Sold Price: $540,000
Average Sale: $122,478
Average Market Time: 147
February 09 Top Subdivision (sales): Hometown (3), Golden Oaks (3)
Plainfield
Active Listings: 812 (as of 03/01/2010)
Sold (02/01/2010-02/28/2010): 44
Months Supply(Act/Sold): 18.45 Months
High Sold Price: $453,000
Average Sale: $219,020
Average Market Time: 145 Days
February 09 Top Subdivision (sales):Shenandoah (3),Lakewood Falls (3),Cumberland(3) etal..
Oswego
Active Listings: 268 (as of 03/01/2010)
Sold (02/01/2010-02/28/2010): 23
Months Supply (Act/Sold): 11.65 Months
High Sold Price: $330,000
Average Sale: $237,093
Average Market Time: 127 Days
February 09 Top Subdivision (sales): Deerpath Creek (4)
What do you think? 'Bark" at me-
- Dawg -
So ....As I watched the million of dollars pumped back in to the economy via Superbowl Commercials (Loved the mini Kiss Dr. Pepper spot...Hate the Jimmy Johns spots....NOT FUNNY AT ALL!) I thought about what January sales data showed us...that the new year kinda sucks. Buyers have taken the revamped First Time Buyers Credit and are sitting on it....heck....got til' April 30th...why not?
4rth Quarter Home Sales in IL showed a 4rth consecuative gain....sales down for the year by 1.5%. The Median sales price in December was $152,000....down 1.9% from December 2008 ($155,000) Year end stats for IL statewide are $157,000 down 14.6% from $183,900 in 2008 (stats courtesy IL Assoc of Realtors)
Well......IF the 'Aints can win the big one...nothing is impossible...Things can change...and with the Tax Credit countdown on (See the real time timer on www.Illinoisrealtor.org lower Right corner)...they will.
I now bring you this months edition of :
By The Numbers...
For January 2010 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings: 838 (as of 2/01/2010)
Sold(01/01/2010-01/31/2010): 44
Months Supply(Act/Sold): 19.04 Months
High Sold Price: $1, 220,000
Average Sale: $444,261
Average Market Time: 173
January 09 Top Subdivision (sales): Tall Grass (5),Old Farm(3), White Eagle(3)
Aurora
Active Listings: 1113 (as of 02/01/2010)
Sold (01/01/2010-01/31/2010): 65
Months Supply(Act/Sold): 17.12 Months
High Sold Price: $525,000
Average Sale: $133,082
Average Market Time: 153
January 09 Top Subdivision (sales): Hometown (6),
Plainfield
Active Listings: 769 (as of 02/01/2010)
Sold (01/01/2010-01/31/2010): 46
Months Supply(Act/Sold): 16.71 Months
High Sold Price: $565,000
Average Sale: $238,074
Average Market Time: 163 Days
January 09 Top Subdivision (sales):Grande Park(7),Lakewood Falls (3),Clublands(3)
Oswego
Active Listings: 250 (as of 02/01/2010)
Sold (01/01/2010-01/31/2010): 12
Months Supply (Act/Sold): 20.83 Months
High Sold Price: $1,565,000
Average Sale: $358,120
Average Market Time: 301 Days
January 09 Top Subdivision (sales): (No subdivisions had more than 1 closed sale )
So bring on Mardi Gras a week early......our economy needs it!
- Dawg-
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