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 have sat 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)
www.NapervilleHomeSeller.com
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),
www.AuroraHomeSeller.com
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)
www.PlainfieldHomeSeller.com
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 )
www.OswegoHomeSeller.com
So bring on Mardi Gras a week early......our economy needs it!
- Dawg-
Well....here we are...brand new year! Since we seem to rate our accomplishments by the year in which they occurred, I tend to look at January as the "Zamboni" cleaning the ice...clearing the slate for a brand new year. With that in mind...how shall we look at real estate? Will real estate on the verge of some newly appointed muscle in the extension of the new and improved, not to mention expanded First time home buyer credit, be the smooth skating guiding light to bring back the economy?...or using our ice metaphor, will real estate slip fall and drag everything down along with it? I sure hope America has pillows on its rear.....
Now that I've warmed up your grey matter...Lets take our first look at this years:
For December 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Active Listings: 712 (as of 1/1/2010)
Sold(12/01/09-12/31/09): 81
Months Supply(Act/Sold): 8.79 Months
High Sold Price: $1, 706,250
Average Sale: $453,148
Average Market Time: 213
December 09 Top Subdivision (sales): East Highlands (7),Tall Grass (4)
Active Listings: 996 (as of 01/01/2010)
Sold (12/01/09-12/31/09): 93
Months Supply(Act/Sold): 10.7 Months
High Sold Price: $459,000
Average Sale: $138,368
Average Market Time: 110
December 09 Top Subdivision (sales): Hometown (5),
Active Listings: 705 (as of 01/01/2010)
Sold (12/01/09-12/31/09): 55
Months Supply(Act/Sold): 12.82 Months
High Sold Price: $510,000
Average Sale: $234,483
Average Market Time: 132 Days
December 09 Top Subdivision (sales):Lakewood Falls(3),Shenandoah (3),Clublands(3)
Active Listings: 223 (as of 01/01/2010)
Sold (12/01/09-12/31/09): 29
Months Supply (Act/Sold): 7.68 Months
High Sold Price: $435,000
Average Sale: $243,420
Average Market Time: 199 Days
December 09 Top Subdivision (sales): Gates Creek (4)
On a serious note....for those of you, who like myself, are looking to donate to the Haiti relief effort but want to make sure your money is actually making it to the Haiti relief and not the CEO's wallet, try this link:
www.charitynavigator.org
My choice was www.directrelief.org, but use your heart and prayer to guide your effort.
-Dawg-
According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in October 2009 reached 10,986 homes sold, up 24.2 percent from October 2008 sales of 8,846. The Illinois median price in October 2009 was $157,000 down 7.6 percent from $170,000 in October 2008. The median is a typical market price where half the homes sold for more, half sold for less
According to the IAR report, total home sales (single-family and condominiums) comparing October 2009 to the same month in 2008 were up in 45 of 99 Illinois counties reporting including Cook, up 31.1 percent; DuPage, up 34.9 percent; Kane, up 34.8 percent; Kendall, up 51.0 percent and Will, up 57.4 percent.
Here's what's happening on the local front:
For November 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Active Listings:880 (as of 11/30/09)
Sold(11/01/09-11/30/09): 96
Months Supply(Act/Sold): 9.17 Months
High Sold Price: $1,675,000
Average Sale: $421,485
Average Market Time: 175
November 09 Top Subdivision (sales): Tall Grass (4), University Heights (4)
Active Listings: 1096 (as of 11/30/09)
Sold (11/01/09-11/30/09): 127
Months Supply(Act/Sold): 8.63 Months
High Sold Price: $457,000
Average Sale: $172,270
Average Market Time: 162
November 09 Top Subdivision (sales): Oakhurst (6), Hometown (5),
Active Listings: 803 (as of 11/30/09)
Sold (11/01/09-11/30/09): 87
Months Supply(Act/Sold): 9.23 Months
High Sold Price: $490,000
Average Sale: $214,139
Average Market Time: 166 Days
November 09 Top Subdivision (sales):Lakewood Falls(7),Caton Ridge(5),Clublands(5)
Active Listings: 271 (as of 11/30/09)
Sold (11/01/09-11/30/09): 23
Months Supply (Act/Sold): 11.78 Months
High Sold Price: $438,979
Average Sale: $243,289
Average Market Time: 220 Days
November 09 Top Subdivision (sales): Churchill Club (3)
This Holiday season, how about giving a donation to your favorite charity? Before you buy any gift this year, take a moment to think:
Does _________ really need this? ...or am I just buying it so I can say I bought _______ something?
If it's the later....I'd opt for the donation to a nice charity. FMSC.org (Feed my Starving Children) or GFA.org (Gospel for Asia)are two of my personal favorites....and be sure to check out GFA's Christmas gift catalog....when's the last time you bought someone a water buffalo? Both great organizations that need our thoughts, prayers and financial support year round.....but they heavily depend on Christmas donations to meet their budgets....just a thought....
Wishing you and your's a Happy Holiday!
Well, well...nothing like speculation to throw a wrench into things...but as I type this the only remaining hurdle on extending the Home Buyer Credit is if our Prez can't remember how to use a fountain pen...but as little credit as I give 'em, I think signing his name should be a 'gimme'.
.... AND (note intentional use of bold,underlined, capital letters to keep your attention from drifting...) the credit being offered to move up buyers.....a few rules to follow so read with me here...:
The legislation that was recently cleared makes move-up buyers as well as first-time buyers eligible for a credit. The $8,000 maximum first-timer credit will continue and will now be available to couples with income up to $225,000, a nearly $55,000 increase above the level in existing law. A new $6,500 maximum credit would also be available to move-up homeowners who have lived in their current residence for five of the prior eight years.
YES!!!...sing it James! "I feel Good"....
Lets roll right into this months edition of :
For October 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Active Listings:978 (as of 10/31/09)
Sold(10/01/09-10/31/09): 103
Months Supply(Act/Sold): 9.49 Months
High Sold Price: $1,375,000
Average Sale: $433,462
Average Market Time: 147
October 09 Top Subdivision (sales): Tall Grass (9), several tied at (3)
Active Listings: 1146 (as of 10/31/09)
Sold (10/01/09-10/31/09): 135
Months Supply(Act/Sold): 8.48 Months
High Sold Price: $905,000
Average Sale: $192,041
Average Market Time: 146
October 09 Top Subdivision (sales): Hometown (6),several tied at (4)
Active Listings: 852 (as of 10/31/09)
Sold (10/01/09-10/31/09): 86
Months Supply(Act/Sold): 9.907 Months
High Sold Price: $425,000
Average Sale: $226,050
Average Market Time: 171 Days
October 09 Top Subdivision (sales):Lakewood Falls(6),Grande Ponte (5),Wesemer(4)
Active Listings: 284 (as of 10/31/09)
Sold (10/01/09-10/31/09): 29
Months Supply (Act/Sold): 9.79 Months
High Sold Price: $359,000
Average Sale: $235,465
Average Market Time: 202 Days
October 09 Top Subdivision (sales): Several tied at (2)
So, my good fellows and ladies, what has been going on with you?
Talk to me-
shane@TheRuffHousingTeam.com
(This is the final installment in my saga of trying to get help from my lender for the "Making Home Affordable" program which by definition I qualified for)
**************************
To review, I've been blogging about my attempt to see if the "Average hard working Joe" could take advantage of the Making Home Affordable program as instituted by our countries leadership. My Answer: NO WAY. Here's the latest chapter:
after resubmitting my paperwork for a 2nd time (see earlier blogs to catch up...) I finally, after almost 7 months from the date I first sent paper work in, received a letter stating "NOT ELIGABLE" REASON: CURRENT". Mind you this was my full 2nd time through the nuthouse after being told I had a negative household income (because my genius lender had left my wife's income out of the household totals.......that was a good one...you should go back and read that blog post again!) Why in the world did they make me jump through another set of hoops just to be told something that they were obviously aware of in the first place? <sigh> If nothing else, this adventure has taught me that the biggest part of the reason the housing industry got into such a big mess was that the Lending institutions we put our faith and trust into, obviously couldn't run a lemonade stand let alone be reasonably responsible for deciding whom to and whom not to loan money out to. The programs as outlined by definition were put in place to help people stay in their homes. Along the route I found out that 1) If you are making your payments you are never getting your loan modified. 2) if you are late (especially if you are behind because you 'overbought' in the first place, the lenders are more than happy to give you a super rate (starting at 2% for most) and not change that rate much for the next five years (not teaching those people how to live within their means in any way, shape or form....) 3) The Average Joe like myself who is looking for a helping hand to not have to live so tight in a tough market is not eligible because I am responsible and only bought what I could afford......not gonna get any help from Uncl' Sammy because the program is not set up to help the responsible.
Again folks, I'm making it....between my meager income in the housing market (which btw... is still making small indentations upward!!! whoo-hoo!) and my wife's assistance to our household income, we will make it...Things are tight, but we have a roof over our heads (no thanks to N****** C*** M******* you know who you are......), three meals a day and a whole lotta love in the house, ...we make it. I just feel for those folks out there who really need the assistance of this program and are ready to fall behind....the time period just waiting is absolutely not acceptable!
In the mean time something to cheer you up! Here's this months:
For September 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Active Listings:1046 (as of 9/30/09)
Sold(9/01/09-9/30/09): 115
Months Supply(Act/Sold): 10.93 Months
High Sold Price: $2,500,000
Average Sale: $490,026
September 09 Top Subdivision (sales): Tall Grass (7), Cress Creek (5)
Active Listings: 1181 (as of 9/30/09)
Sold (9/01/09-9/30/09): 108
High Sold Price: $390,000
Average Sale: $165,443
Average Market Time: 242
September 09 Top Subdivision (sales): Hometown (6),Lakewood Valley (5)
Active Listings: 906 (as of 9/30/09)
Sold (9/01/09-9/30/09): 80
Months Supply(Act/Sold): 11.325 Months
High Sold Price: $535,496
Average Sale: $245,772
Average Market Time: 196 Days
September 09 Top Subdivision (sales): Wesemere (6) ,Lakewood Falls (5)
Active Listings: 303 (as of 9/30/09)
Sold (9/01/09-9/30/09): 27
Months Supply (Act/Sold): 11.222 Months
High Sold Price: $388,600
Average Sale: $256,861
Average Market Time: 189 Days
September 09 Top Subdivision (sales): Church Hill Club (4),Deerpath Creek (4)
Thanks for coming along for the ride....What's on your mind? Talk to me
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