My Blog

Hello, The Us Treasury very recently set forth new more streamlined guidelines for the Short Sale process. With Foreclosure and short sales on the rise this is VERY good news. The video below will give further explanation. For even more information, please visit us at OFallonShortSales.comHappy H...

  November 2009 Real Estate Market Update for O'Fallon IL.   Locally, things continue to look up.  This November saw 35 homes close. This is an increase of more than 130% from November 2008. Of the 35 that closed: 30 were pre-owned homes with an average market time of 118 days and average sales p...

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'...

Tax credit has been extended and expanded, no longer do you need to be a "first time homebuyer" to receive the credit. Been in your home for 5 years? Then you very well may qualify!

October was wet, really wet.  Muddy yards, wet basements, cloudy skies and one of the hottest months for Real Estate this year! October saw 43 homes close in O'Fallon... this number is closer to June, July, August activity.  Actually you have to go back to 2005 to find an October with those kinds...

Greetings! Halloween is rapidly approaching so once again it is time for the  OFallonRealEstate.com Jack-O-Lantern photo contest.  Rules are pretty easy. Email us a photo(s) of your Jack-O-Lantern and you will be entered into a drawing for an IPOD Shuffle!  The photo must be one that you have tak...

The good(sort of), the bad and the ugly. The drop from the 3rd quarter 2007-2008 was at -9%.  From 2008-2009 it is - 10%.  So consistency seems to be the key here (good...sort of).  What this also shows is that the continued slow down. in the O'Fallon Real Estate market is not quite over(bad).  I...

Things seem to have held steady over the last 30 days or so.  In August, 39 homes closed in O'Fallon and September saw a very slight drop down to 37.  All things considered this is a positive.  The first time home buyer tax credit has helped to keep things rolling.  Currently it is set to expire ...

August 2009 Real Estate Market Update for O'Fallon IL.   In August 39 homes closed in O'Fallon IL.  This is down from June (48) and July with 45. Of those 39: 4 were new construction and had an average sales price of $239,769 and 92 days on the market. 35 were re-sale homes with an average sales ...

It's running out! Do you know how the first time home buyer tax credit works?