The latest information is for sales in March of 2009 shows 289 homes and condos sold in the area. This is 60% higher tham February and almost the same a last year March which may indicate overall improvement and a turnaround. The first time homebuyer stymulus incentive from the government of $8000 has been encouraging action Plus at least one builder in the area is matching with another $8000.
Here is the latest information on the sales of homes and condos in the Rockford area. We will be updating you periodically on the sales and trends in this area and will evolve over time to a newsletter format which we feel will better inform our customers and friends about this market. Comment below if you would like to have additional information included in the reports that we post in this web site. If you have questions of comments please email or call us at 815-494-0320. Your suggestions are welcome as we begin to build a format with information that will be helpful to you.
October 2008 Sales: 344 October 2007 Sales: 469
Average Oct. 2008 Sale Price: $138,478 Average Oct. 2007 Sale Price: $143,854
Total Listings Sept. 2008: 3456 Total Listings Sept. 2007: 3462
Total Sales 2008 Year to Date: 3490 Total Sales 2007 Year to Date: 5116
Sales have remained relatively steady through the last 4 months with totals of 369 for July and 373 for August, 370 for September....and, of course, October reported above at 344.
Mortgages remain available for most buyers at favorable rates. The range of rates today stated below are approximate. Other programs are available including some for first time buyers.
30 Year Conv Fixed: 6.25% to 6.85%
15 Year Conv Fixed: 5.75% to 6.50%
FHA & VA 30 Year: 6% to 6.75%
If you have questions or need referrals for mortgage questions, just let us know.
The Top 5 Sales in Winnebago & Boone Counties for September were:
1654 Summerwood Ln. Belvidere, IL -- Listed: $999,999, Sold: $900,000. (5.85 Acre Estate in Boone County.)
2856 Lowden Rd., Oregon, IL -- Listed: $995,000, Sold: $825,000. (20 Acre Estate on Rock River, Ogle Cty.)
11155 Walton, Roscoe, IL -- Listed: $645,000, Sold: $595,000. (Resale in Briarcliff area)
1980 Winding Priairie, Belvidere, IL -- Listed: $525,000, Sold: $465,500. (Resale in Boone Cty.)
9623 Pebble Creek Cir -- Listed: $469,000, Sold: $425,000. (Located in Stonegate of Boone Cty.)
This is the latest factual statistics. If you know of anyone else who may want to review this type of information on a regular basis, please forward a link to our blog or email their contact information with email address and we will include them in future updates.
Many of you have requested information on the sales of home and condos in the Rockford area. We will start updating you periodically here on the sales and trends in this area and may evolve over time to a newsletter format which we feel will better inform our customers and friends about this market. If you have questions of comments please email or call us at 815-494-0320. Your suggestions are welcome as we begin to build a format with information that will be helpful to you.
September 2008 Sales: 370 September 2007 Sales: 441
Aveage Sept. 2008 Sale Price: $138,614 Average Sept. 2007 Sale Price: $144,284
Total Listings Sept. 2008: 3621 Total Listings Sept. 2007: 3436
Total Sales 2008 Year to Date: 3146 Total Sales 2007 Year to Date: 4647
Sales have remained relatively steady through the last 3 months with totals of 369 for July and 373 for August....and, of course, September reported above at 370.
Mortgages remain available for most buyers at favorable rates. The range of rates today stated below are approximate. Other programs are available including some for first time buyers.
30 Year Conv Fixed: 5.875% to 6.75%
15 Year Conv Fixed: 5.625% to 6.5%
FHA & VA 30 Year: 6% to 6.75%
If you have questions or need referrals for mortgage questions, just let us know.
The Top 5 Sales in Winnebago & Boone Counties for September were:
12513 Lock Lane, Winnebago, IL -- Listed: $399,900, Sold: $350,000. (New Construcion at Westlake.)
722 Kelly Road, Caledonia, IL -- Listed: 370,000, Sold: $ 362,000. (4.69 Acres in Boone County)
9727 Country Knolls Dr, Roscoe, IL -- Listed: $369,900, Sold: $358,500. (Resale on 1.15 acres)
410 Maple Leaf Lane, Poplar Grove, IL -- Listed: $359,900, Sold: $349,900. (New Construction)
4764 Raymond Dr, Belvidere, IL -- Listed: 359,900, Sold: $355,000. (Located Karr Farms)
If you have questions about real estate or suggestions about aditional topics or statistics, please email or call. Hopefully, this will begin to put you on top of the local real estate market. If you know of anyone else who may want to receive this type of information on a regular basis, please forward a link to them or send us their contact information with email address and we will include them in future updates.
