Thursday, July 14, 2016

Freeport homes sold for June 2016

19 homes sold, priced from $10,000
Avg $81,202
Avg 178 days on market

12 buyers with traditional types of financing (FHA, USDA, VA and conventional)
7 buyers cash

217 homes currently on the market, 5% increase from last month and still a 15% decrease from this time last year (still positive signs for our local market).

This is our typical Summer slow down, still activity but not near what we have the first half of the year.

Wednesday, July 13, 2016

Freeport, IL homes sold in May 2016

24 homes sold (compared to just 16 homes in 2015)
$81,129 avg sales price (sales ranged from $9,900 to $234,900)

13 buyers obtained traditional types of financing FHA, VA, USDA and Conventional the remaining 11 were cash buyer

As is typical, May was our best month for closings however the buyer activity has slowed.  As I've mentioned this is normal for our market and seasons.

205 homes currently for sale in the market, this the first increase in many months, market season and buyers push to move has slowed.  This brings us back to inventory levels of Oct last year.  With graduations done, end of the school year past and once the interest rates go up again buyers will be back out.

Tuesday, July 12, 2016

Freeport home sales April 2016

23 homes sold, priced from $21,500 to $195,000
Avg $84,122
Avg 226 days on market

13 buyers with traditional types of financing (FHA, USDA, VA and conventional)
10 buyers cash

172 homes currently on the market, with just over 7 months of inventory. 
A balanced normal real estate market is 6 months.

Inventory is down 41% from this time last year, which is a great sign for the market over all.

Monday, July 11, 2016

Freeport home sales March 2016

20 homes sold, priced from $19,900 to $195,000
Avg $85,838
Avg 233 days on market

14 buyers with traditional types of financing (FHA, USDA, VA and conventional)
6 buyers cash

180 homes currently on the market, 10% inventory decline from this time last year and stayed the same from last month.

Friday, March 11, 2016

February 2016 Freeport IL homes sold

Freeport,IL Homes Sold Real Estate Market Update for February 2016

13 sold (priced from $8,000 to $97,000)
$41,466 avg sale price
140 avg days on market

4 Conventional financing
8 cash

Inventory is slightly up, 180 homes currently for sale, just a 5% increase from last month, however still down 10% from this time last year, all great signs for a strong Spring real estate market.

Buyers are out writing offers on homes.

Monday, February 22, 2016

2016 January Freeport IL homes sold

Freeport, Sold Real Estate Market for January 2016

17 sold (priced from $5,200 to $125,000)
$51,432 avg sale price
180 avg days on market

7 Conventional financing
1 Seller financed
6 cash

Inventory held at 171 homes currently for sale, STILL the lowest inventory we’ve had in many YEARS

That is down 11% from this time last year

Buyers are out and interested in finding a home

2015 Freeport IL year end real estate sales statistics

Freeport real estate market IMPROVES –
2015 statistics compared to 2014 % change
263 homes sold   246 +6.9
$21,147,346 Total sales volume         $20,001,490 +5.7
$80,408 average price per home sold $81,306 -1.2
182 average days on market to sell 186            -2.1

We were blessed to serve 135 families in their home purchase or sale this year, that’s an almost 16% increase from 2014!

On the back are the regional market snapshots.  If you'd like further information on your specific market let me know.

2015 was an up and down year; first quarter started off breaking records, second quarter slowed, third quarter was ghost town and then we ended the year with record activity.  Many properties are starting to see multi offers as inventory is down 15% from a year ago!

Our average sales price was down this year to $72,920, as many of our areas were still seeing a significant number of foreclosure properties.  Buyers were able to get some great deals, however now buyers are needing to be aggressive in their strategies.

This is our 9th year serving you as a Real Estate Office and my 17th year serving you as a Realtor/Broker. Throughout these years I've been very blessed to have wonderful clients.  Many have become my extended family, who have now blessed me with the opportunity to work with many of the next generation.