Happy Thanksgiving and O'Fallon IL HOT market update!
By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
Happy Thanksgiving! Wishing you a warm and peaceful holiday season. Please take a moment to think of those that cannot be with us. And how about some good news? Month to date (11/01/2009-11/25-2009) the Real Estate numbers look very good! So far in November 2009, 25 homes have closed in O'Fallon. Basically a home a day, not bad at all. 21 of the homes were pre-owned and had an average market time of 108 days and an average sales price of $144,168. The other 4 were new construction. These had an average market time of 133 days and an average sales price of $239,750. This is a dramatic rise over the last few years for the same time period. For example in 2008 only 11 homes had closed at this point in November... this represents a 128% increase! Much of this is of course due t...
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