O'Fallon, IL Real Estate News

By Paul Walker, Scott AFB IL Area Realtor
(Equity Fifty Five Realty, LLC)
Looking for homes for sale in the Scott AFB, or OFallon IL area? Our Real Estate Services We help anyone, from first time buyers to retirees, to find the home that's right for them. See our Buyer's Guide for tools that will help you in your home search, such as our mortgage calculator. Ready to start looking? Search for homes now in the local market, or see our office's Featured Listings. Are you ready to sell? Check out our Seller's Guide, and get a Free Home Evaluation to find out how much your home is worth on today's market. To learn more about our services and expertise, please see our About Us page. Contact us today to start working with a real estate professional. We'll be happy to answer any questions you may have about buying or selling property. Belleville IL Real Estate | Col...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
Short Sales...and Pork with Passion     Short Sales first... To say they are challenging may be a slight understatement... No matter how many of these we do I still get an immense feeling of satisfaction when we get an approval letter from a bank or better yet... from 2 banks.     Many questions, tactics, approaches surround short sales.  And in spite of new regulations they seem to move thru the system sporadically. That said, I love em.  There is little else (in my opinion) in this industry that brings this sort of gratification from assisting others.  Helping a distressed homeowner get out from underneath a situation (divorce, job loss, etc...) and keep them from facing foreclosure is extraordinarily emotional and bringing a positive result to the table is the best outcome in an othe...
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I found this great article on Yahoo this morning concerning things that people usually think add value to their home but really don't in the end. I think it is something that all sellers should read and understand because I completely agree with it! It may save you a mortgage payment or two in the end by selling your home quicker in some cases but these things wont actually add any value to your home.  I know real estate is forever changing and different across the nation so I wanted to repost it and see what your thoughts were on this! Please read the article below and let me know if you agree.  6 Things You Think Add Value to Your Home -- But Really Don't Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but som...
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By Yolanda Hoversten, Referrals for O’Fallon, IL & the Metro East
(Self Employed)
Open Sunday from 2-4 P. M. - 13 Shallowbrook Drive, O'Fallon, IL It's that time of the year to have a company wide Fall Open House Extravaganza!  The weather is forecasted to be cool and cloudy, perfect to visit this property.  Come and visit this ready to move in 2-story with hard to find 5 bedrooms.  Living area on the main floor consists of the open and vaulted living room, dining room, kitchen with island, and is open to the family room that looks out the park-like backyard.     Only minutes to Scott AFB, close to shopping and dining, and easy access to I-64 for more shopping and dining.  Big amenities with home town values.    If these features don't entice you, come visit and enter to win a Rams' gift basket courtesy of Prudential One Realty Centre!  See you there!
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
While the Real Estate Market has cooled a bit as of late (there have been 15 closings in O’Fallon in September 2010 compared to 29 for this same period last year) there was plenty going on in O’Fallon this weekend. St. Clare had their Annual Oktoberfest along with a 5K run: The Strange Folk Festival made a return to O’Fallon over the weekend; despite the wet weather the event was well attended.   ______________________________________________________________________         As mentioned above the closings have dropped off considerably in just 30 days however a true picture will have to wait until the end of the month when the final numbers come in.  The good news is that things are still in fact selling with 41 homes currently under contract.  The average list price for those homes is $...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
    A quick hit for what's going on in O'Fallon as far as the Real Estate Market is concerned and a Gnome sighting. At a glance for September (so far) 2010 O'Fallon IL.  Number of homes currently for sale:  249 Number of homes currently under contract: 63 Number of homes that have closed: 9 (Sept 1-20th)   Average sales price    : $164,481   Average Market time:  124 Days   Full report to follow soon.   The gnome has returned... If you are in town this weekend be sure and visit the Strange Folk Festival.  It runs September 25th & 26th at the community park(downtown) from 10:00am-6:00pm.      
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By Ana & Melissa SW Illinois Real Estate Brokers
(RE/MAX Preferred)
O'Fallon, IL Real Estate & Homes for Sale O'Fallon is a suburb of the Metro-East region of the Greater St. Louis metropolitan area located in St. Clair County, IL about 15 minutes from Downtown Saint Louis and immediately northwest of Scott Air Force Base. Read more about O'Fallon, Illinois or Search O'Fallon Homes. Search O'Fallon Real Estate... OFallon Home Page OFallon Homes with a Pool OFallon Waterfront Homes OFallon Villas OFallon Townhomes OFallon High School OFallon Schools OFallon Multifamily Properties OFallon Fun O'Fallon Homes By Price Range:   Under $100,000 $100,000 - $200,000 $200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000 $800,000 - $900,000     More about O'Fallon, IL... O’Fallon is a diverse, charm...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
Missed the RE/MAX Preferred electronic recycling drivelast month?   Mayor Gary L. Graham is pleased to announce that a Electronics, Computers, Appliances and Surplus Equipment Recycling Event will be held in O'Fallon on Saturday, October 9, 2010 from 8 a.m. - 1 p.m. at Carriel Junior High School, 451 North Seven Hills Road.  The event is hosted by the City of O'Fallon and the O'Fallon-Shiloh Chamber of Commerce in conjunction with WITS, Inc.  For those of you who will be gone... there is this tiny little race on 10-10-10 that I know many of you are training for...feel free to drop items off at our office 1668 Windham Way in O'Fallon the week prior. We will get them delivered for you.  On that same note...to all you runners who are Chicago bound good luck on your last 20+ miler in the ne...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
What goes up...must come down.  As numbers tumbled nationwide the (sharpest drop in history at 27%) after the tax credit original expiration of June 30, 2010 something odd was going on in O'Fallon IL.  While it is true that numbers did go down slightly from June to July - they went back up (+15%) in August...actually it was the best August since 2006.      So while there are areas that continue to slide, O'Fallon IL seems to be holding on and in fact increasing despite the economic climate and depressed housing market.  On a broader, but still local view, things have increased for the entire county over last month (despite what the local paper would have you believe). In July there were 480 closings in St. Clair County, and in August that number climbed to 500. Not staggering numbers ho...
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By Yolanda Hoversten, Referrals for O’Fallon, IL & the Metro East
(Self Employed)
13 Ravenwood, O'Fallon, IL  NEW PRICE!  $185,900  Close to Scott Air Force Base and St. Louis  Great home, great value!  This 4 bedroom, 3 bath stately home is located on a beautiful scenic setting, with very low traffic.  It features formal living and dining rooms, with a fabulous large family room with its own wet bar and a wood or gas fireplace.  The airy and spacious kitchen is adjacent to the breakfast area with access to the outsized patio.  The master bedroom suite has its own sitting area complete with a fireplace.  Master bathroom has double sinks and updated light fixtures and ceramic tub surround. Price is recently reduced to $185,900.  Visit the Open House Sunday from 2:00 - 4:00 PM.   THIS PROPERTY IS SOLD!
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
First a bit of disclosure... I stopped taking a paper years ago.  I view them about the same way I see phone books... a giant and expensive waste of paper.  However I do in fact still voraciously read various trade publications along with our local paper online.  The big news of late has been that home sales have plummeted 27% from June to July. So effective is social media that I received this news almost a dozen times before a client brought it to my attention in a printed format.   Our local paper managed to regurgitate the same story yesterday (read the article here) basically plummeting sales due to the expiration of the tax credit.  And while monthly numbers (June-July) are in fact down, year to date numbers are up. If you dig a bit a slightly different story starts to emerge.  Pl...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
For those of you who have had the pleasure of meeting Randy Grim you know what an extraordinary person he is.  If you have not been lucky enough to meet him and get involved then please check out the Stray Rescue Website. This weekend is a celebration of sorts, a semi - grand opening/ open house at their new location and the "Liberation Revolution Festival" if you need a new furry friend, this is the time and place to be. 
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
THANK YOU O'FALLON!   The first load of used electronics is now on its way to being recycled.  Thank you to everyone who dropped off their old equipment...am pretty sure I saw a Commodore 64 in the pile.    We will start collecting for our next drop starting October 1st.  Click here for more info. Our next event will be a canned food drive for the O'Fallon Food Pantry.  You can drop off items at the RE/MAX Balloon September 11th 5:30-7:30pm at the Parcs at Arbor Green or at the display.  Hope to see you there!  
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By Paul Walker, Scott AFB IL Area Realtor
(Equity Fifty Five Realty, LLC)
Looking for a home for sale in O"Fallon, IL? There are currently 239 Active Re-Sale homes for sale in O'Fallon, Illinois Status - K TOT LP: $1,678,650 HI: $269,900 LO: $52,900 MEDIAN: $149,900 AVG: $152,605 AVG DM/CDM: 161/174   Property Type - S TOT LP: $53,558,225 HI: $949,900 LO: $34,900 MEDIAN: $200,000 AVG: $224,093 AVG DM/CDM: 114/143   Grand Total: TOT LP: $53,558,225 HI: $949,900 LO: $34,900 MEDIAN: $200,000 AVG: $224,093 AVG DM/CDM: 114/143   Displaying matches 1 through 239 of 239 with a low price of $52,900 up to a high list price of $949,900. The Median list price is $200,000, while the average list price is $224,093 There are 36 New Construction homes for sale currently in O'Fallon, IL Status - K TOT LP: $189,600 HI: $189,600 LO: $189,600 MEDIAN: $189,600 AVG: $189,600 AVG ...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
First of all THANK YOU to all of you who came out to support Children's Miracle Network.  Proceeds from every Blizzard sold on August 5th went to help Local Children's Miracle Network Hospitals. In 2009 over $4.6 Million was raised on Miracle Treat Day alone!   After the spike in June with the rush to get things closed prior to the tax credit deadline (it has been extended) things seem to have settled down.  Based on the numbers for July it would appear at least locally that the extension had little effect.  However estimates nationwide put the number of homeowners who would have missed the credit in the 180,000 range.  It will be this Fall before we get a "true" image of the market but expect sales to continue to soften a bit as we go into the 3rd and 4th quarter. Numbers for closed ho...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
August 5th 2010...it’s HOT go get a Blizzard from DQ and help us out. Proceeds from every Blizzard purchased at a participating Dairy Queen store will help children at your local Children's Miracle Network hospital. Diet? What diet? It’s a GREAT cause so go for it! Local DQ restaurants participating DQ GRILL & CHILL RESTAURANT 412 S MADISON ST LEBANON, IL 62254-1609 DAIRY QUEEN BRAZIER 2411 OLD COUNTRY INN DR CASEYVILLE, IL 62232-2304 DAIRY QUEEN BRAZIER 804 N STATE ST FREEBURG, IL 62243-4004 DAIRY QUEEN BRAZIER 3260 NAMEOKI RD GRANITE CITY, IL 62040-5014  
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By Paul Walker, Scott AFB IL Area Realtor
(Equity Fifty Five Realty, LLC)
Are you looking for a home to buy in O'Fallon, IL, close to Scott AFB? Status - K TOT LP: $189,600 HI: $189,600 LO: $189,600 MEDIAN: $189,600 AVG: $189,600 AVG DM/CDM: 92/92   Property Type - N TOT LP: $7,480,351 HI: $534,900 LO: $152,500 MEDIAN: $208,008 AVG: $233,761 AVG DM/CDM: 228/959   Grand Total: TOT LP: $58,725,299 HI: $949,900 LO: $34,900 MEDIAN: $204,900 AVG: $226,739 AVG DM/CDM: 125/241   Displaying matches 1 through 259 of 259 O'Fallon currently has 259 homes on the market as active listings priced from $34,900 up to $949,900. These homes have a median price of $204,900 and have been on the market for an average of 125/241 days. There are currently 64 homes that are sale pending in O'Fallon, IL Status - K TOT LP: $189,600 HI: $189,600 LO: $189,600 MEDIAN: $189,600 AVG: $189,...
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By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
Great home for sale in O'Fallon IL just reduced!     On August 5th proceeds from every Blizzard purchased at participating Dairy Queen restaurants will help local Children's Miracle Network (CMN) Hospitals.  Since it is going to be "Hotter than a Goat Eating a Blow Torch" ...no I did not make that up I really heard it...get some ice cream and feel good about doing it.   Road construction continues on the soon to be New and Improved O'Fallon/Troy Road.  Don't let the lack of activity fool you there are really folks working... the photos are from early morning.   Stay cool we are headed for 100 degrees this week.        
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By Paul Walker, Scott AFB IL Area Realtor
(Equity Fifty Five Realty, LLC)
Are you considering adding a Sunroom to your home? Consider the costs carefully along with neighboring home values. Never become the most expensive home in your area! Also, consider if you will be needing to sell your home in the next 3-6 years or so. According to this study you will probably only recoup 51% of the costs for your new addition. Sunrooms are characterized by lots of glass--a typical sunroom contains at least 20 windows, plus skylights. Image: Florian Solar Products   Despite its informal, indoor-outdoor feel, a sunroom addition is a costly undertaking. It needs a foundation, walls, and a roof, just like any other addition-and it needs numerous windows, which can ratchet up the costs.   A 200-square-foot sunroom addition, including footings and slab-on-grade foundation, po...
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By Paul Walker, Scott AFB IL Area Realtor
(Equity Fifty Five Realty, LLC)
It's a great time to buy real estate. Looking for a home for sale, foreclosures, short sales, multi-family in St. Clair County IL? Home sales up Yesterday the Commerce Department reported that new home sales increased 23.6% to a seasonally adjusted annual rate of 330,000 last month, up from an downwardly revised 267,000 in May. Sales year-over-year fell 16.7%. The June sales pace is the second slowest ever on record since the Commerce Department began tracking the data in 1963, but it was slightly better than the annual rate of 310,000 economists were expecting, according to a consensus survey by Briefing.com. Home sales had surged in March and April as homebuyers scrambled to sign contracts ahead of the April 30 deadline for the tax credit, plummeted 40% in May, the first month after t...
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