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Southern Illinois' 2017 Housing Forecast

by The Linda Frierdich Group - Century 21 Advantage

 

Southern Illinois Housing Market Forecasts for 2017

 

2016 was a good year for real estate, and the trends tracked in that year are giving housing market and financial forecasters a lot of good information regarding the trends that will come with this new year.

 

By looking at the trends that were happening in 2016, we can get a better idea of what will happen in 2017.

 

 

Buyers in Illinois were extremely motivated in November, and because of that, sellers benefitted.  To start out 2017, the trend seems to be indicating an increase in Illinois home sales.  Home sales in Illinois during November 2016 gained momentum, as indicated by double-digit increases in annual home sales.  Statewide home sales are up 14.8% in November 2016 in comparison to November 2015.  Also rising are the gains in median home prices, meaning that there aren’t just more homes selling as of lately, but that the price at which those homes are selling is increasing, as well.  Statewide, median home sale prices are up 7.9% from November 2015 to November 2016.

 

Also trending in an exciting way is the time that a home spends on the market.  In November of 2015,  the average amount of time that a home spent on the market before selling was 68 days in Illinois.  In November of 2016, however, homes only spent an average of 62 days on the market before selling. 

 

From 2015 to 2016, available housing decreased 14.7% in Southern Illinois.  While at a glance, this number may seem like a bad thing for the housing industry, all that it means is that the market is great for sellers.  There are a number of reasons for this, from the demand increasing due to an increased amount of Millennials purchasing homes, an increased number of Baby Boomers buying smaller homes, the largest wage increase going to people ages 35-34, and an infinite number of other reasons.  This trend, in particular, is a driving force of the other trends happening in the market.  Where there is a discrepancy in supply and demand, there is always a group benefitting from that difference. 

The above information, predictions, and statistics all provided by Illinois Realtor® (http://www.illinoisrealtor.org/node/4142) and Realtor.com® (http://www.realtor.com/news/trends/top-real-estate-trends-2017/)

 

On an extremely local level, it’s worth noting that St. Clair and Randolph counties are reporting record numbers of year-to-date home sales in November.  In fact, these two counties have seen more homes sold in November 2016 than the total of the previous five Novembers

 

As far as the amount of time that a home is on the market before it sells, St. Clair County saw a 26% decrease during November 2016 from November 2015.  As for Monroe County, there was an incredible 53.8% decrease in the days on market!

The above information, predictions, and statistics all provided by the Realtor® Association of Southwestern Illinois (http://www.618realtor.com/local-news-and-resources/metro-east-housing-stats/)

 

Although this information may seem frightening for those looking to Buy a home this year, this information should be taken with consideration.  The market may be benefitting the sellers a bit more than the buyers, but that doesn’t mean that buyers are seeing negative consequences of the market.  It simply means that currently, there’s a seller’s market in local real estate.  As the President of the REALTOR® Association of Southwestern Illinois, Mike Gross puts it, “Now is a great time to take advantage of the unique opportunities of the Metro-East Housing Market… Interest rates are anticipated to inch higher, median home prices are stable, and homes are selling at a faster pace than years past, and sellers are seeing the benefits.  At the same time, buyers are still able to purchase homes at affordable and stable prices.  The Metro-East offers so many great opportunities to build a future.” (Realtor® Association of Southwestern Illinois, “Metro East Housing Stats” http://www.618realtor.com/local-news-and-resources/metro-east-housing-stats/)

 

According to Dr. Geoffrey J.D. Hewings, Director of the Regional Economic Applications Laboratory at the University of Illinois, the median price of homes sold in Illinois is expected to increase any level from 2.1 to 6.9 percent this year.  The National Association of Realtors® expects home sales in the US to grow modestly in 2017, which would be indicative of the market stabilizing, a great sign for the housing industry.  Although local market trends are so much more important than national ones in regards to what home buyers or sellers should be worried about, there is often a slight correlation, if not with all trends, then with some.  From the way sales nationally and locally went in the real estate industry for 2016, 2017 seems like it’s on the right track.

The above information, predictions, and statistics all provided by the Realtor® Association of Southwestern Illinois (http://www.618realtor.com/local-news-and-resources/metro-east-housing-stats/)

 

2017 really does seem like the right time to Buy or sell in Southern Illinois!

Contact The Linda Frierdich Group of Century 21 Advantage today to discuss your real estate needs!

618.719.3134 IL | 314.649.0221 MO

YOURHOMERESOURCE.COM

goteamlinda@gmail.com

Wondering What to Do This Weekend?

by The Linda Frierdich Group - Century 21 Advantage

 

Looking for Something to Do This Weekend?


You've come to the right place!


The weekend following Thanksgiving is always so busy.  People are getting out their holiday decorations, beginning to shop for gifts, and looking for things to do to get them into the spirit of the season.  Here are some local events going on in our area that should help you find something to occupy your time this weekend!  


 


Anheuser Busch Brewery Lights

 

This event, which is a huge hit in the St. Louis area, is back again this year, and it returns with a few added features!  Visitors can still enjoy the free self-guided tours down Pestalozzi Street and around the historic Anheuser-Busch Brewery.  Guests who are 21 and older receive a wristband for five 5oz samples of a variety of beers, and any hungry visitors can stop at one of the food stations in the Biergarten, where you can find a variety of dishes.  Visitors can also get a jump start on their holiday shopping, because there are a number of vendors selling crafted items at the Stella Artois Market.  New this year is the Bud Light Ice Rink, where skaters can glide along under the red glow of the Budweiser sign on the Bevo Packaging Plant.  Other attractions include the S’mores Station, sand and ice sculptures, and the chance to reserve a private fire pit for up to 8 guests, featuring wait service and 2 printed photos included in the price!

 

Anheuser-Busch Brewery Lights 2016

 

November 17 – January 1

5-10 pm

Every Thursday, Friday, Saturday, & Sunday

(Excluding Thanksgiving Day, Christmas Eve, Christmas Day, and New Year’s Eve)

1200 Lynch Street

St. Louis, MO 63118

 

For further details, click here.

 

 

Missouri Botanical Garden’s Garden Glow

 

This popular event is a gem of a St. Louis tradition.  Though it only began in recent years, its popularity has caught on quick.  Visitors can walk through the Missouri Botanical Garden and view the gorgeous light display, surrounded by lovely plants and mature trees.  Along the path, visitors can find food and drink stations with a variety of drinks, including the ever popular holiday drinks hot chocolate and egg nog (while also featuring alcoholic beverages, as well).  Along the way, visitors can find themselves around an area with fire pits to gather ‘round while listening to the live carolers featured in this event.  If you have never been, it’d be a great year to give the Garden Glow a visit—you’ll likely make it part of your holiday tradition from here on out. 

 

Missouri Botanical Gardens’ Garden Glow


The Garden Glow opens to Botanical Garden members on Nov. 18 & to the general public Nov. 19, and it runs through January 1.  It is closed Christmas Eve and Christmas Day.

Hours: 5-10 pm (last entry at 9 pm)

4344 Shaw Blvd.

St. Louis, MO 63110

 

For tickets and more information, click here.

 

 

Santa’s Express Train Ride

 

The St. Louis Union Station always puts on a great holiday event, and this year it hosts with a ‘Twas the Night Before Christmas theme.  Although the train ride is the main focus of this event, there are plenty of other attractions to make your visit even better, including spectacular holiday décor, North Pole Village and activities, ice skating, and the new Fire & Light show!  The centerpiece of the event, the Santa Express Train Ride, takes ticket holders on a train ride out of the St. Louis Union Station to view the wonderful holiday features along the way. 

 

Santa’s Express Train Ride at Union Station


Wednesdays-Sundays, November 18-December 30

Trains leave the station at:

4:45, 6:15, 7:30, 8:30

1820 Market Street

St. Louis, MO 63103

 

For tickets and more information, click here.

 

 

Belleville’s Chriskindlmarkt

 

Chriskindlmarkts have begun to sprout up all over the country.  They are open-air Christmas festivals based on Bavarian traditions, but Belleville’s celebrations focus more on this area’s German heritage.  The event features European vendors and traditional German food and refreshments, as well as a Children’s lantern parade around this historic square on Friday night, cultural activities, arts, crafts, music, and dancing.  Even the way the vendors have their stations set up is unique, operating in individual wooden chalets and offering German lace, hand-blown glass ornaments, amber jewelry, nesting dolls, and more.  Head down to Belleville this holiday season and see what they have to offer.  You may even get a few gifts while you’re there!

 

Belleville's Chriskindlmarkt


Downtown Belleville

November 25-December 23

Sundays – Thursdays: 10 am – 7 pm

Fridays & Saturdays: 10 am – 9 pm

 

For more information, click here.

 

 

Waterloo’s Glow Parade

 

Each float boasts over 1,000 lights, so attendees know that they are in for a real visual treat at this Waterloo tradition!  The parade starts at Gibault Catholic High School and follows the Porta Westfalica Route to downtown Waterloo.  There’s no better way to get into the holiday spirit than spending an evening in your community admiring all the holiday spirit your neighbors have!  Keep your eyes out for parade marchers in holiday-inspired costumes!

 

Waterloo's Glow Parade

 

Downtown Waterloo, IL

Saturday November 26

5:30 pm

 

For more information, click here.

 

 

Waterloo’s Christmas on the Square

 

This annual holiday event takes place in Waterloo’s historic downtown area.   Visitors have many chances to win great prizes, and Santa will even be in attendance!  In fact, free carriage rides take place from 12 pm – 4 pm each day!  Visitors who also wish to stick around for the GLOW holiday lighted parade can stake out their spots early and ring in the holiday season in Waterloo’s square.  Post-parade, the public is invited to a chili supper at the SPPCS grade school.  Sunday’s attendees get to vote on their favorite decorated lamppost around the courthouse square.  This event will also feature a free concert from the Waterloo Municipal Band on Sunday at 1 pm and a kettle corn vendor!  There is so much to offer to the community!

 

Waterloo's Christmas on the Square

 

Downtown Waterloo

November 26 – 27

 

For more information, click here.



Small Business Saturday


The Saturday following Black Friday has recently been dubbed, "Small Business Saturday," an event all across the country that urges consumers to consider spending their holiday money locally.  Small businesses, boutiques, craftsmen, and artisans all have sales on Saturday to help drive business.  Shopping around your community is more than just an enjoyable way to spend your Saturday, however.  Supporting small businesses this holiday season is such a wonderful choice to make on so many levels.  Money spent in the local economy has a much better chance staying local.  The more successful the businesses in your area, the more valuable homes are in that area.  Spending money at a small business is likened to investing in making someone's dream come to fruition.  There are so many wonderful things that come from spending your money at a small business or local craftsman or artisan.  The best perk about going out and spending money at small businesses this holiday season, though?  The gifts you give will be totally unique, and you're bound to find some things that your family and friends will LOVE!


Small Business Saturday


Your hometown

All Day Saturday

November 26

 

For information on Small Business Saturday and all that it does for your community, click here.


Check Your Mailbox!

by The Linda Frierdich Real Estate Group

I'm so excited to announce that my newest print publication will be hitting Waterloo and Columbia mailboxes this week!  Keep an eye out for this fun-filled magazine with great tips on gardening, travel, and sprucing up your homes look!  Also, this is a great place to look at area homes, new cosntruction, and lots and acreage on the market for buyers.  My sellers get to enjoy the benefit of their listing been in over 10,000 mailboxes as well!  If you'd like to let me know about a community event, announcement, or would like to discuss advertising in my fall publication, feel free to shoot me an email at lincen21@gmail.com.  As always, I look forward to hearing from you!

Tax Credit Closing Deadline Extended!

by The Linda Frierdich Real Estate Group

Late last night, the United States Senate passed an extension of the Homebuyer Tax Credit closing deadline. Known as the “Homebuyers Assistance and Improvement Act of 2010,” the bill was passed by unanimous consent. The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. This legislation is designed to create a seamless extension, and the new closing deadline for eligible home sale transactions is now September 30, 2010. There will not be any gap between June 30 and the date the President signs the bill into law.  

 

Displaying blog entries 1-4 of 4

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Photo of The Linda Frierdich Real Estate Group Real Estate
The Linda Frierdich Real Estate Group
Century 21 Advantage
103 S Main St
Columbia IL 62236
IL: 618.281.7621

138 Concord Plaza Dr
Saint Louis MO 63128
MO: 314.649.0221
Fax: 618.281.4311

Linda Frierdich is the area's premier real estate professional, offering services in St Louis, Kirkwood, Webster Groves, Crestwood, Ballwin, Arnold, Fenton, Oakville, Columbia, Waterloo, Millstadt, Valmeyer, Dupo, Belleville, O'Fallon, Mascoutah, Fairview Heights, Smithton, Ruma, Hecker, New Athens, Edwardsville, Collinsville, Caseyville, Shiloh, Swansea, Monroe County, Madison County, St Clair County, and Randolph County.  Her team focuses on resale homes, new construction, first time home buyers, condos, farms, land sales, subdivisions, lot sales, single family, multi-family, commercial, foreclosures, bank owned property, military relocation, and building. This site offers options to search real estate in Columbia Illinois and other areas. We offer buyer and sellers services second to none!

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