Posts with tag 'real estate'
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Is Rockford a Buyer's Market?
Many people are currently asking if Rockford is a buyer's market. Let's look at the numbers. Right now, a lack of new listings is driving the time it takes to sell a home to historic lows. Last year, it took nearly 10 months to sell a home in the Rockford real estate market but this past May it took less than 6 months. That's nearly 4 months less time. The last time the absorption rate was this low was in summer 2007. The Rockford market housing inventory his 1,870 homes this May, almost 30 percent less than last year at this time. At the mid-level price range, multiple offers are competing for a scant supply of homes for sale. Properties are getting asking price and then some. Prices for mid-level homes are up double digit year over year and rising at a brisk pace. One of the theories of real estate is that a six-month supply of homes is considered a balanced market. When inventory rises, buyers get the upper hand and prices turn soft; with lower supply, sellers call the sh...
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12232 North Ledges, Roscoe, IL 61073 MLS ID #72614
Unique contemporary 3 bedroom/4 bathroom home at 12232 North Ledges in Roscoe, IL is now available! This state-of-the-art redwood sided house was built in 1979 with steel beams, oversized doors and windows and more. Standout features include a great room with 14-foot ceilings and is open to the foyer which itself features beautiful landscape views from a two-story wall of windows. The house is quite secluded in a heavily wooded area surrounded by oaks and natural landscaping that is sure to take your breath away! Other features include:
- Skylights
- All bedrooms have private bathrooms
- Sauna
- Wood stove in lower level
- Full basement
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8701 Avon Store Road, S, Brodhead, IL 53520 MLS #73275
Listing Alert! Custom built ranch on 53-acre property is now available. This 3-bedroom, 2 full bathroom, 2,800 square-foot home features a finished expansive lower level with family room, bedroom, bonus room, bathroom and more! Other features include:
- Kitchen w/Hickory Cabinets & Granite Counters
- Living Room with Wood-Burning Fireplace
- Dining Room with Sliding Doors to Stampcrete Patio
- Oak Trim/Doors
- Attached Garage
- Security System
- Full Exposure
- Great Room
17
Rockford Real Estate Market Insight
Tam Derry, a Dickerson & Nieman Broker/Realtor looks at the Local Housing Market I am very excited and optimistic about this spring's home-buying season. Buyers are finally ready to make a move to take advantage of record low interest rates. This year's season is different because inventory is far less than demand. We are at a record low of 1,900 listings instead of the typical 3,200. This will help shift the housing market back to a sellers' market and raise market values. There are simply not enough good, clean, move-in condition homes available. Homes with a compelling list price are selling faster. There are more dual offers on properties, and that's causing selling prices to rise. I will be doing a lot more open houses to meet "Sunday shoppers". I am very busy with first-time homebuyers and young couples selling and buying larger homes. People that were holding out are tired of waiting. My sales focus in April and May will be to get more listings. I have a great networking sp...
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