DAWG'S BLOG

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)

www.NapervilleHomeSeller.com

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)

www.AuroraHomeSeller.com

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)

www.PlainfieldHomeSeller.com

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)

www.OswegoHomeSeller.com

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 30^th 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)

www.NapervilleHomeSeller.com

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)

www.AuroraHomeSeller.com

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)

www.PlainfieldHomeSeller.com

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)

www.OswegoHomeSeller.com

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 42^nd 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 MRED LLC)

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)

www.NapervilleHomeSeller.com

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)

www.AuroraHomeSeller.com

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)

www.PlainfieldHomeSeller.com

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)

www.OswegoHomeSeller.com

Wonder what the odds are in Vegas of the credit being extended?
…Don’t bet the “House” on it…-

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)

www.NapervilleHomeSeller.com

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)

www.AuroraHomeSeller.com

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..

www.PlainfieldHomeSeller.com

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)

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-

By The Numbers...

For December 2009 Single Family Detached Homes (Information courtesy of MLSNI)

Naperville

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)

www.NapervilleHomeSeller.com

Aurora

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),

www.AuroraHomeSeller.com

Plainfield

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)

www.PlainfieldHomeSeller.com

Oswego

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)

www.OswegoHomeSeller.com

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:

By The Numbers...

For November 2009 Single Family Detached Homes (Information courtesy of MLSNI)

Naperville

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)

www.NapervilleHomeSeller.com

Aurora

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),

www.AuroraHomeSeller.com

Plainfield

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)

www.PlainfieldHomeSeller.com

Oswego

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)

-DAWG-