Lots of lots...continued....

Here is a breakdown of the vacant lot market in Oak Run right now as well as any sold lots going back to 1/1/2010.

In the Peoria Multiple Listing Service there are 22 lots listed for sale and there have been 5 that have sold in this timeframe. The Galesburg area Multiple Listing Service currently has 75 lots listed for sale in Oak Run with 43 sold vacant lots and 6 currently pending. I am a member of both MLS's, so some of these are double listed, but right around a total of 90 lots in all are currently for sale. There was only 1 sale of a water front lot last year, with the majority of lots being bought for just lake rights.

Lake Front Lots in Oak Run in 2011,2010,2009 and 2008

I've had a few calls and inquires lately regarding lake front lots in Oak Run...questions ranging from what is for sale to what has sold recently. Currently there 18 lots for sale in Oak Run on the water. The prices are $139K, $149K, $149K,$149K, $160K, $165K, $175K, $176K, $179K, $180K, $195K, $219K, $232K, $259K, $350K and $395K.

In 2010 there were 2 recorded sales of lake front lots...$256K and $200K respectively. In 2009 there were 3 recorded sales and in 2008 there were 4 recorded sales.

Currently there are not any pending lake front lots. If you would like to get any more detailed information on what is for sale, or what has sold, feel free to drop me a line anytime!

On the water sales data for the past 12 months.

Over the past 12 months there have been 13 sales of water front properties (homes) in Oak Run. There have been 3 in the $200K-$300K range, 6 in the $300K to $400K range, 3 in the $400K to $500K range and 1 above $500K. There are currently as of today 18 homes for sale on the water. There are 5 priced in the $200K to $300K range, 7 in the $300K to $400K range, 4 in the $400K to $500K range and 2 in the $700K range. The average days on market for the sold homes in both MLS's has been around one year. There are currently 2 homes pending on the water...1 in the $300K range and 1 in the $400K range.

Snow-ma-geddon 2011!!!!

I as sit here...I look out the window and want to call the cable company because the view is very snowy. We have only had about 4 inches of snow but it's a white out and they are predicting another 12-20 inches of snow tonight! Gotta love it! That means Wednesday is a good sledding day...as well as Thursday, Friday, Sat and probably Sun! Ok...so there is no boating this weekend ( just kidding of course) but Oak Run has some of the best sledding, cross country skiing and if you live on a hill like we do-the best sledding and downhill craziness you could imagine!

Year to date stats through end of Nov!

Alrighty...here is what things are looking like so far this year.

For lot sales and activity, there are around 90 lots currently for sale. This includes lakefront as well as non-lakefront. The majority of them are under $10,000. It looks like there have been 36 vacant lot sales in Oak Run this year so far, with 31 of them under $10,000, with the majority of the sales actually being under $5,000. The four highest non lakefront sales were $40,000, $30,000, $22,000 and $12,000.
Specifically talking about lake front lots, there are 18 lots for sale. There was one sale of a lakefront lot this year and that went for $256,666. The least expensive lakefront lot for sale is currently listed at $115,000.

For lakefront home sales, there are 26 currently for sale, with the least expensive at $225,000 and the most expensive at $829,000. There have been 7 sales on the water so far this year, with the least expensive at $312,000 and the most expensive at $537,000. There is only one lakefront home currently pending, which is a property I have for sale right now at 121 Sunyview. This is scheduled to close tomorrow actually, which will bring the number of sold lakefront homes to 8 for the year.

Great Links to Oak Run info!

To see all of the available homes for sale in Oak Run click on http://www.oakrunhomes.info/ .

To find out about this weeks amazing $125,000 price drop on the water, click on http://www.124sunnyview.info/ . This incredible home, once priced at $575,000, is now priced to sell at $375,900!!!

http://www.121sunnyview.info/ is another direct link to a beautiful home on the water.

http://www.8012oakrundrive.info/ is a great log cabin with top of the line amenities.

http://www.203briarwood.info/ is an affordable 3 bedroom cabin on a terrific cove.

http://www.oakrunpoa.com/ is a link to the Oak Run Home Owners Association and has a wealth of information on the area.

http://www.pinoaklots.info/ will take you to some wonderful lots for sale on the water.

More stats...year to date-homes for sale-not on the water

We've talked a lot about homes for sale on the water, as well as vacant lots for sale on the water, but not too much about offshore homes for sale which are not on the water. It appears that year to date there have been 23 homes listed for sale off the water and there are currently 2 pending. There have also been 5 sales of homes that were listed as well. Of the 5 that have sold, 4 were in the mid $150,000 range or below.

Massive $125,000 Price Drop!!!!

In all of my 17 years in the real estate business...this is the largest price drop I have ever had. 124 Sunnyview in the Old Orchard section of Oak Run has been dropped $125,000 to $375,900. This remarkable lakefront property was purchased in 2007 for $510,000. Since then the owners have added granite tops, new carpet, paint, and so much more. It was recently listed for $499,900 and the owners have said they want it sold in the next 30 days. So...their loss is your incredible gain. Now offered for $375,900 and available for showings every day by just giving us a call at 309-253-6098!

Oak Run Sales Data Update

While the weather may be headed a slightly cooler direction, the number of showings out in Oak Run seem to be heating up a little. As of today there are 27 homes for sale on the water. There have been 6 homes sold so far this year on the water. The homes that have sold were:

8073 Oak Run Drive  $350K
278 Pin Oak $465K
16 Parkwood $457K
8079 Oak Run Drive $312K
8060 Oak Run Drive $322K
184 Timber $375K

The ones that are on the market on the water include:

122 Lakeside $289K
85 Walnut $299K
431 Pleasant $299K

8071 Oak Run Drive $300K
119 Birch $325K
242 Greenleaf $339K
95 Timberline $352K
368 Charter Oak $350K
203 Briarwood $375K
84 Walnut $384,599K
392 Charter Oak $385K
135 Lakecrest $399K
141 Cottonwood $399K

321 Glen Oak $415K
124 Lakeside $429K
295 Red Oak $440K
87 Parkside $450K
8012 Oak Run Drive $459K
305 Lynwood $479K
109 Birch $475,500K
117 Cherrywood $499K
383 Charter Oak $490K
124 Sunnyview $499K

121 Sunnyview $549K
90 Oakridge $550K
210 Black Oak $565K

55 Shady Oak $829K

Activity on Lake Front empty Lots in Oak Run

Currently there are about 21 lake front lots for sale in Oak Run and 1 has sold and closed so far this year. Currently there are not any pending. There are some great opportunities to build on some fabulous lots out there right now, and interest rates have never been lower than they are today!