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!

Update on Sales and Stats for Lake Front Homes in Oak Run

What a year it has been....so far at least. Currently, as of today, there are 25 homes listed for sale on the water. There have been 4 so far this year that have sold and closed. Currently, nothing is listed as a pending status. The most recent sale was for 184 Timberline which sold 7/30/2010 for $375K.

For waterfront homes:
2-are listed under $300K.
9-are listed between $300K and $400K
10-are listed between $400K and $500K
2-are listed between $500K and $600K
1-is listed above.

There are also a few for sale by owners around the subdivision as well. The market for secondary vacation homes everywhere has been slower because of the economy and the would hold true for Oak Run as well. Just about an equal number of homes have sold through the Peoria MLS as have sold through the Galesburg area MLS. Keep an eye out for some more updates coming soon!

Secret Homes in Oak Run?

Just what is a "secret home"? A secret home is a home that may not appear for sale but for one reason or another the seller has confided in us that if we happen to have a client that is looking for a house or lot that would be a good match for them, that they would be open to a showing or discussing a possible sale. There are a few such homes throughout Oak Run, both on and off the water, numerous price ranges, that we know about and would be just such a "secret home"! So if you can't find what you are looking for, just give us a call and we'll see if we might know of a perfect match!

New prices!!!!

Just recently reduced the prices on a couple of our listings out in Oak Run.

285 Pin Oak was $189,900 now $184,999
286 Pin Oak was $169,900 now $159,999
124 Sunnyview was $575,000 now $565,000

For your personal and private showing, give us a call at 309-253-6098 today or visit  http://www.oakrunpoa.com/ for additional information!

New price on 121 Sunnyview!

Click on http://www.121sunnyview.info/ to see all of the details of this great home! Was priced at $599,000, it is now priced to sell at $549,900. Located in the Old Orchard Subdivision this waterfront home has a level lot walking right out to the cove. Full finished lower level, spacious main level, plenty of bedrooms, quality both inside and out-this home is ready to move into! To make that even easier, this home comes with the option of being fully furnished along with boats (jet ski, bass boat and pontoon boat), lifts and everything you would need to enjoy the summer and year round activities of Oak Run!

New Lake Front lot at a great price!

We just listed lot 123 Oakview Court in the Parkview subdivision this week for $139,900 which makes it an incredible buy for someone looking to enjoy all the benefits of lake front living. This lot comes with electricity by the waters edge, a dock and a catilever boat lift already in place! Lots of trees and privacy up top and a road already in place to take you right to the water! We even have a floor plan showing the layout, front/side/rear elevations and a plot plan showing how it is proposed to sit on the lot. All that is left for you to do is enjoy it!

The Lake is Open!!!!

Just in time for a great warm weekend-finally! The lake was closed for a short time this past week due to some heavy rainfall. There were even a few floating boats around the lake so you might want to check on things when you are out there. I didn't see any lose boats but there were plenty of docks that were right at the water level or just below it.

Some new stats in Oak Run as of 5/12/2010

Just looking over some numbers for lake front homes in Oak Run over the last 12 months.

For homes that have sold...so far there have been 7 over the last 12 months.

For the prior 12 month period the following homes sold..
303 Lynwood for $220,000 on 8/28/2009.
176 Brentwood for $247,500 on 6/10/2009.
44 Arrowhead for $380,000 on 11/2/2009.
156 Poplar for $480,000 on 8/31/2009.
8073 Oak Run Drive sold for $350,000 on 3/17/2010.
16 Parkwood Circle sold for $457,500 on 3/12/2010.
170 Elmwood Court sold for $625,000 on 8/24/2009.

So as you can see, we've had two homes on the water sold so far in 2010. This would not include any homes that may have sold privately, but rather it includes everything that was listed for sale.

There is currently one house pending on the water, which is 8060 Oak Run Drive which was listed for $329,000.

For homes on the water, as of today there are 26 homes listed for sale on the water.

Under $300,000-1
$300K to $350K-1
$350K to $400K-9
$400K to $450K-3
$450K to $500K-6
$500K to $550K-1
$550K to $600K-3
$600K to $700K-1
Over $700K-1

Ok...the home buying tax credit has ended...now what?

This is the million dollar question. There are a lot of people out there that are saying that any increase in homes sales this early in 2010 is due purely to the tax credits that ran out on April 30th, that buyers that would have normally bought this summer have now already bought and we are in for a pull back of sorts.
I don't think this is entirely true. I think that we did see an increase in the numbers (over 50% for the Maloof organization for the first 1/4 of 2010) that was fueled by a decent percentage by the tax credits. For Jennifer and I, for the first quarter, we've been just as busy on the home buying front as we have the home listing front. We currently have more homes for sale now than we ever have in our career, but the number of homes that are pending is also up considerably, so 2010 is starting off with a bang. I believe this will continue to a great or lesser degree for the rest of 2010. Caterpillar has announced much better than expected returns and as the old saying goes, "So goes Caterpillar, so goes the rest of the Peoria area".
We are working with a lot of people that are coming in from outside of the area not just with Caterpillar however, but with the medical community and other segments of our local economy. There is still a lot of conservatism in the market, but I think things are on the right path.

The Oak Run area continues to be a secondary home market for a lot of the homes on the water, and that market has continued to be a little more soft that the others. The number of homes on the market right now in Oak Run on the water is up considerably, not just with new homes coming on the market but with a lot of homes being held over from last year that have not sold. There are some great buys out there and for someone that is considering whether or not to be a jump into this market, now is a great time!


We haven't had a regular post in a while and that perhaps is because of the stimulus package for tax credits that has been out there has kept us a little too busy to be an active blogger lately...sorry about that. :) The last few days we've seen a little pull back and it has been nice to get caught up in the business of the business and we'll get right back into posting some of the latest updates on the market!

Three great new lots in Oak Run!

Check out lot 104 Lakecrest in the Windemere section of Oak Run. Great opportunity to have full lake privileges in the incredible Oak Run lake community! Enjoy all of the benefits of lot ownership such as the 600 acre lake, golf course, club house, parks, beaches, tennis courts and more! No restrictions on timeframe to build! This lake access lot backs up to wooded common area which means you'll never have anyone behind you! Located just a block away from Windemere Park and Beach! Offered at $40,000. Lot 103 Lakecrest in Windemere is right next door. Build on one, or buy both and have twice the fun! Priced at only $14,000. Lot 126 Lakecrest in Windemere is a lake front lot close to the park! Lake front living in Oak Run! Imagine waking up each morning to life on the waterfront! Offered at $225,000.

Update on homes on the water in Oak Run

It's shaping up to be an interesting year for lake front homes in Oak Run in 2010. As of today, there are 25 lake front homes on the water for sale and from 1/1/09 through todays date there have been about 9 homes that have sold on the water. Added to that, there are 5 homes that I know of that are going to be coming on the market shortly that are also on the water but just not listed yet. For the homes that are on the water currently listed, the break down on prices looks like this....

10 homes are priced in the $300,000 range.
9 homes are priced in the $400,000 range.
5 homes are priced in the $500,000 range.
1 home in the $600,000 range.

For the ones that have sold....
3 have sold in the $200,000 range.
3 have sold in the $300,000 range.
2 have sold in the $200,000 range.
1 has sold in the $600,000 range.

With the weather finally starting to break and with spring right around the corner there ar some great opportunities for anyone that is looking to enjoy the good life on the water this year!

Curious what things are selling for in Oak Run?

That's the number one question on everyones mind...what is selling and for how much? We've put together a market analysis that we would be happy to email you that answers just that question. We are in the process of breaking it down to homes on the water vs. homes off the water as well as lots on the water. Just drop us an email and we'll email you back a very detailed look at how the Oak Run market has done in 2008, 2009 and so far in 2010!

New listing at 124 Sunnyview in Dahinda.

124 Sunnyview is listed at $575,000

Beautiful lake front home located in a quiet cove in Oak Run! All new carpet and paint throughout! Gleaming new granite tops in the spacious kitchen! Gentle slope right to the waters edge. New tile floor in kitchen! Beach area, large lake side deck and dock - just a few feet from the house! 3 other decks, one with the hot tub that has Stereo/ CD, with Subwoofer and multi colored lights . The heated garage is extra deep. The screened in porch has two ceiling fans and has become one of the most enjoyable spots of the house, imagine sipping ice tea and watching the sunset.

Call us today for your private showing!

New listings at 285 and 286 Pin Oak in Oak Run Subdivision!

We are happy to announce the newest listing out in Oak Run.

Lot 285 Pin Oak is listed at $189,900.

Here is an incredible opportunity to build your dream home on an amazing wooded lot that sits right on the open water! Multiple locations to build a new home-either up top near the road, the middle of the lot surrounded by trees or right near the waters edge! Home plans prices available upon request! Build your dream home on the water for less than $350K! Call for details. Oak Run is a beautiful 600+ acre lake community with it's own golf course, club house, pool and recreational areas!

Lot 286 Pin Oak is listed for $169,900.

If you have ever dreamed about living on a beautiful lake, surrounded by mature trees and waking up every day surrounded by nature, then this is a dream come true! Located in the popular Oak Run lake community just west of Peoria, this amazing lot already comes with a 3 tiered deck and dock! Over 600 acres of recreational water for boating, fishing or simply enjoying! Plats, topo's and house plans are available for viewing on this prestine wooded lot.

Click on http://www.oakrunpoa.com/ to see additional neighborhood information!

Monge Client Party!

This Thursday is our client appreciation party for all of our current and past clients! Read more about it at www.peoriahousingmarket.com!

Two new listings in Oak Run!

If you have ever dreamed about building your perfect lake getaway...then your dreams have come true! We're listing to terrific lake front lots in the Laurel Hill Subdivision of Oak Run today. They are located on lots 285 Pin Oak and 286 Pin Oak. Buy one, buy both, build on one and use the other for more privacy, the options are endless! Lot 285 offers multiple building sites either near the front of the lot closer to the road, half way down or even down at the waters edge. An abundance of trees will surround you no matter where you decide. Lot 286 is next door and already has a gravel drive going from the top of the lot all the way to the bottom-and get this-it even has a three tier deck and dock already built! We will have house plans and prices available that can show you some of the different options and locations where you can build. It would even possible to build a brand new lake front home for under $350K. Just ask us how!

Vacant Lot Sales in Oak Run in 2009

One great thing about the beginning of a new year is being able to look back on the past year. For lot sales in Oak Run it looks like there were just over 40 lots sold in 2009. The majority were most likely for lake rights rather than to build on. There were about 35 lots that sold for under $10,000, while there were 3 with lake frontage that sold for $213,000 (two sales/same price) and $290,000. Compared to 2008, where it looks like there were around 45 total lot sales, of which around 3 were showing lake frontage. There were 32 lot sales under $10,000 in 2008.