July 1, 2008

Absorption Report, June 30th, 2008

  UC Avg MT Median Listed Avg MT Mon Inv. Closed 
Joliet 137 180 $164,900 1134 170 8.28 19
Channahon 24 211 $230,063 146 265 6.08 3
Minooka 21 256 $239,900 203 201 9.67 3
Morris 25 191 $225,000 206 215 8.24 3
Shorewood 27 210 $241,900 255 148 9.44 5

UC=Number Homes Under Contract in Last 30 days Avg MT=Average Market Time of UC Homes Median=Median List Price For UC Homes Listed=Number of Homes Listed in MLS Avg MT=Average Market Time of Listed Homes Mon Inv=Months To Sell Entire Inventory of Homes, the AR Rate Closed=Number of Homes Closed in Last 30 Days For an explanation of the AR Rate, please read this post.

Filed under Blog, Channahon IL Real Estate News, Joliet IL Real Estate News, Minooka IL Real Estate News, Morris IL Real Estate News, Real Estate News, Shorewood IL Real Estate News by Tim Soper

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June 24, 2008

Absorption Report, June 23rd, 2008

  UC Avg MT Median Listed Avg MT Mon Inv. Closed 
Joliet 168 168 $164,900 1130 171 6.73 6
Channahon 19 219 $224,900 153 261 8.05 2
Minooka 20 307 $227,450 202 198 10.10 4
Morris 28 216 $217,500 208 211 7.43 1
Shorewood 33 232 $274,900 256 155 7.76 0

UC=Number Homes Under Contract in Last 30 days Avg MT=Average Market Time of UC Homes Median=Median List Price For UC Homes Listed=Number of Homes Listed in MLS Avg MT=Average Market Time of Listed Homes Mon Inv=Months To Sell Entire Inventory of Homes, the AR Rate Closed=Number of Homes Closed in Last 30 Days For an explanation of the AR Rate, please read this post.

Filed under Blog, Channahon IL Real Estate News, Coal City IL Real Estate News, Joliet IL Real Estate News, Minooka IL Real Estate News, Morris IL Real Estate News, Real Estate News, Shorewood IL Real Estate News by Tim Soper

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June 17, 2008

Absorption Report, June 16th, 2008

  UC Avg MT Median Listed Avg MT Mon Inv. Closed 
Joliet 160 170 $164,900 1115 170 6.97 8
Channahon 21 216 $224,900 149 267 7.10 2
Minooka 21 271 $213,400 200 199 9.52 4
Morris 30 222 $217,200 206 220 6.87 3
Shorewood 31 196 $274,900 260 159 8.39 1

UC=Number Homes Under Contract in Last 30 days Avg MT=Average Market Time of UC Homes Median=Median List Price For UC Homes Listed=Number of Homes Listed in MLS Avg MT=Average Market Time of Listed Homes Mon Inv=Months To Sell Entire Inventory of Homes, the AR Rate Closed=Number of Homes Closed in Last 30 Days For an explanation of the AR Rate, please read this post.

Filed under Blog, Channahon IL Real Estate News, Joliet IL Real Estate News, Minooka IL Real Estate News, Morris IL Real Estate News, Other Will/Grundy County IL Real Estate News, Real Estate News, Shorewood IL Real Estate News by Tim Soper

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June 9, 2008

Absorption Report: June 9th, 2008

  UC Avg MT Median Listed Avg MT Mon Inv. Closed 
Joliet 158 163 $165,000 1103 170 6.98 10
Channahon 22 231 $235,000 149 270 6.77 2
Minooka 22 301 $212,500 204 195 9.27 1
Morris 26 234 $194,950 214 222 8.23 2
Shorewood 30 187 $247,500 266 161 8.87 2

UC=Number Homes Under Contract in Last 30 days Avg MT=Average Market Time of UC Homes Median=Median List Price For UC Homes Listed=Number of Homes Listed in MLS Avg MT=Average Market Time of Listed Homes Mon Inv=Months To Sell Entire Inventory of Homes, the AR Rate Closed=Number of Homes Closed in Last 30 Days For an explanation of the AR Rate, please read this post.

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Filed under Blog, Channahon IL Real Estate News, Joliet IL Real Estate News, Minooka IL Real Estate News, Morris IL Real Estate News, Real Estate News, Shorewood IL Real Estate News by Tim Soper

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June 6, 2008

In Case Ya Missed It

Here's some local news from the Will/Grundy area:

An article in the Joliet Herald about an upcoming Garden Walk on June 28. I touch on this article because an event like this really drives home how much landscaping can improve a home for sale.

Gus Macker 3-on-3 basketball tourney returns to Morris this weekend, as reported in the Joliet Herald. The tournament is a great example of how the business owners of Downtown Morris work to keep their area vibrant. I don't know how much sales revenue those attending the tourney generate (I suspect not a great deal), but the tourney, along with the car shows and other events, keeps Downtown Morris relevant in the public eye. Morris is one of the few remaining "Mayberry" settings that has held up to urban sprawl.

This article in the Morris Daily Herald discusses the new school boundaries for District 201 in Minooka. Only one thing is constant in the growing metropolis of Minooka…change. It appears, though, that school administrators were able to keep the change of schools for students to a minimum.

Filed under Blog, Joliet IL Real Estate News, Minooka IL Real Estate News, Morris IL Real Estate News, Real Estate News by Tim Soper

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June 5, 2008

Another Carnival Of Real Estate Honor

I've been so tied up in putting together the Foreclosure Bus Tour (plus a few other projects) that I forgot to mention that I made the cut again for the Carnival of Real Estate. This time it was for the 92nd Carnival that was hosted by Salt Lake Real Estate Blog for my post Builder Bankruptcy & A Pallet of Sod. Thats 2 for 2 on submissions.

Thanks Nigel for the honor.

Filed under Blog, Real Estate News by Tim Soper

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