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.