As a real estate agent I am blessed withÂ access to a lot of information.Â I thought I would post a brief summary of the state of the market for my home town so neighbors, buyer's, sellers and simply the curious can get a snapshot of the Crete market.
Info for Crete IL, single family homes based on the MLS (multiple listing service).Â In the last 30 days
- 23 new listings
- 5 price changes
- 14 expired
- 7 under contract
- 10 closed
Not the best news for sellers (although great news for buyers), the inventory is increasing with more homes being added to the market than closings happening.Â As of today 155 houses are on the market in Crete. List prices range from $59,900 to $1,225,000 - quite the spread!
In the last six months 61 houses have sold, ranging in price from $47,000 to $280,000.Â So it is tough time to sell - great time to buy, or for moving up.Â If you want a larger/more expensive house even if you don't get a good price whenÂ you sell your current home, you will be getting a great price on the new one.
Another Monday - July 12th - can't believe the summer is half over!Â Â
So for your weekly update on Crete real estate.Â In the last seven days
- 14 new listings (actually about half of these are relisted, not actually new)
- 8 listings with price changes (you can guess right? prices dropped)
- 1 listing expired (often these will relist, sometimes with a new agent)
- 2 listings show pending (under contract!)
- ZERO closed transactionsÂ : (
The new listings range from $79,000 to $299,000.Â One house in particular stands out.Â Â $270,000 house on Old Monee Road has been trying to sell for over a year, originally listed at $385,900!Â Quite the bargain at $270,000, especially since the price includes over 4 acres of land!
13Â new listings (actually about half of these are relisted, not actually new)
8 listings with price changes (you can guess right? prices dropped)
3Â listing expired (often these will relist, sometimes with a new agent)
2 listings show pending (under contract!)
4Â closed transactionsÂ
still increasing inventory rather than decreasing which tends to keep the prices down -great for buyers of course
Another week.Â Crete fans don't forget the garden walk this weekend!Â take a look at what your neighbors are doing to their yards - some are pretty spectacular!
In real estate a bit better week, there were the following transactions on the MLS
Another Monday!Â What's happening in Crete real estate?
8 price changes
Increasing inventory continues with more than twice as many new vs closed.Â Â In the last month the 8 closings includedÂ threeÂ over $200,000, four in the $100,000s and one for only $87,500!
Statewide - Illinois home sales up 18.3 percent in June. Statewide sales rose for the 10th consecutive month with home sales totaling 13,072 compared to 11,048 in June 2009, according to the June housing report from the Illinois Association of REALTORSÂ®. The statewide median price also showed signs of stabilizing with a 2.5 percent increase to $170,000. The nine-county Chicagoland region reported sales activity up for a full year in June.
August 3rd - wow it is August - the weather certainly feels like it!
Crete Real Estate looked a bit better this week - more closings/pending transactions!Â Also the closed transactions were a bit higher priced $165,000 to $240,000)
8 price changes
FYI - nearby Country Club Hills is having their all community garage sale this Saturday!