O'FALLON IL Real Estate Update for October 2013!

O'Fallon IL Real Estate Update for 3rd Quarter + 2013

 

Before we get started a look at the National Scene




And on to the Local "stuff"

O'Fallon has had a promising increase in Home Sale activity compared to the same time period from last year (Jan-Late October)

In 2012, 285 homes closed between Jan 1 - October 28th.

In 2013 that number jumped to 376 homes for the same time period...over a 24% increase.

At this point 2013 is looking to be the strongest year since 2007.

Average Days on Market ( the time from when a home is listed to when it actually closes) is down as well from its six year high last year of 174 days down to 160 days for 2013.

Home Prices have also climbed from an average of $191,000 in 2012 up to $196,000 for 2013.

So all in all things look...pretty good.  The 4th Quarter can be a bit of a roller coaster but for the moment things seem to have stabilized. 

 

Have a Safe and Happy Halloween!

 

Fantastic Ranch in OFallon IL for sale 1149 Hightower Place

Awesome, nearly new ranch with 6 bedrooms and a finished walk out lower level that includes wonderful space for entertaining & plenty of storage space. Open, flowing floorplan with impressive greatroom with gas log fireplace - open to the kitchen (granite countertops Oct. 2013)/

breakfast area that walks out to the deck and fenced rear yard. The luxurious master suite provides a comfortable retreat with whirlpool tub, separate shower,, split vanity and spacious walk in closet. A wrought iron spindled staircase leads to the lower level featuring a family room, 2 bedrooms & bath. Amenities include central vacuum and security systems. Minutes to Scott AFB and downtown St.Louis, shopping and O'Fallon schools, you will love this one!