Starved Rock Realty 620 N. Division St. Utica (815) 667-9990 www.starvedrockrealty.net PUT THE STARVED ROCK REALTY TEAM TO WORK FOR YOU! Larla Grandadam Broker Denisse Perez Broker (815) 326-8513 Dee Barrera BrokeriOwner Alice Green Broker Johanna Arkels Broker (815) 252-9696 (815) 488-9712 (815) 252-8026 (815) 883-1353 What It Means To Be in a Sellers' Market If you've given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here's why this season is the ultimate sellers' market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace. Historically, a 6-month supply is necessary for a 'normal' or 'neutral' market in which there are enough homes available for active buyers (See graph below). When the supply of houses for sale is as low as it is right now, it's much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers. As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers. Today, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live - and they're taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house. 2607 N. Illinois State Rt. 351, Oglesby MLS#10991356 - $399,900 RARE FIND! Approx 14 acres: 5 separate 2 bedroom houses with old world character. Lots of hardwood floors and natural woodwork. Each house has a garage, separate septic and cisterns. 2 wells on property. 1 dug and one bored. Lots of possible options for water including possibility of Jonesville and Oglesby. One house has a very long-term tenant that pays $500 per month. One owner occupied and one vacant. Other 2 houses have barns and one out building - 1 street light has separate electric meter, All houses nicely spaced for privacy. This beautiful park-like property perched high on a hill with wonderful views of the Ilinois Valley. Offered by Dee Barrera - 815/252-9696 RENTAL, 325 Clark Street, Unit 2C, Utica MLS # 10926199 - $1250 Live in quiet, quaint, historic Utica - short term leases available minimum 3 months. FULLY FURNISHED, 1 Bedroom apartment with ALL UTILITIES including cable, internet, WIFL, electric, gas, laundry, trash - Laundry in basement and included in rent. - All units individually decorated with different appointments. Units have a large great room, dining and living area. S0ME UNITS HAVE HOT TUBS AND FIREPLACES. $35 credit fee for each applicant on the lease. Offered by Dee Barrera 815/252-9696. 2274 E. Rt. Highway 52, Serena MLS# 10960661 - $82,500 Rural community grown Restaurant/Cafe or call it the country diner. Also this sale includes 2 parcels- 2nd parcel 20 x 100, There is a heated 2 car garage, floored attic space. It is intended that all large appliances at the property will be included (stove, oven, microwave, fryer, refrigerators, and freezers), along with silverware, utensils, cooking pans, cash register, coffee mugs, Bunn coffee maker, tables, chairs, barstools, stoves, ovens, and much of wall decor (but not all, some are for sale by clients and some will not be included for personal reasons) Offered by Alice Green 815/488-9712 41 Waterway Drive, Unit E, Ottawa MLS # 10952205 - (REDUCED TO) $256,000 GREAT location with wonderful water views at Waterfront at Heritage Harbor, 2 bedroom 2.5 bath townhome with 1360 square feet with 2 car attached garage, all appliances, and multiple balconies, a two car tandem attached garage with tons of room for storage inside. All appliances are included; stove, refrigerator, dishwasher, washer, & dryer! Offered by Alice Green - 8151488-9712 WE NEED MORE LISTINGS! Housing demand is HIGH and supply is LOW, so if you're thinking of moving, it's a great time to do so. There are likely many buyers who are looking for a home just like yours, and there are options coming for you to find a new house too. Let's connect today to see how you can benefit from the opportunities available in our local market. Our agents are ready to help you! Starved Rock Realty 620 N. Division St. Utica (815) 667-9990 www.starvedrockrealty.net PUT THE STARVED ROCK REALTY TEAM TO WORK FOR YOU! Larla Grandadam Broker Denisse Perez Broker (815) 326-8513 Dee Barrera BrokeriOwner Alice Green Broker Johanna Arkels Broker (815) 252-9696 (815) 488-9712 (815) 252-8026 (815) 883-1353 What It Means To Be in a Sellers' Market If you've given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here's why this season is the ultimate sellers' market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace. Historically, a 6-month supply is necessary for a 'normal' or 'neutral' market in which there are enough homes available for active buyers (See graph below). When the supply of houses for sale is as low as it is right now, it's much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers. As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers. Today, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live - and they're taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house. 2607 N. Illinois State Rt. 351, Oglesby MLS#10991356 - $399,900 RARE FIND! Approx 14 acres: 5 separate 2 bedroom houses with old world character. Lots of hardwood floors and natural woodwork. Each house has a garage, separate septic and cisterns. 2 wells on property. 1 dug and one bored. Lots of possible options for water including possibility of Jonesville and Oglesby. One house has a very long-term tenant that pays $500 per month. One owner occupied and one vacant. Other 2 houses have barns and one out building - 1 street light has separate electric meter, All houses nicely spaced for privacy. This beautiful park-like property perched high on a hill with wonderful views of the Ilinois Valley. Offered by Dee Barrera - 815/252-9696 RENTAL, 325 Clark Street, Unit 2C, Utica MLS # 10926199 - $1250 Live in quiet, quaint, historic Utica - short term leases available minimum 3 months. FULLY FURNISHED, 1 Bedroom apartment with ALL UTILITIES including cable, internet, WIFL, electric, gas, laundry, trash - Laundry in basement and included in rent. - All units individually decorated with different appointments. Units have a large great room, dining and living area. S0ME UNITS HAVE HOT TUBS AND FIREPLACES. $35 credit fee for each applicant on the lease. Offered by Dee Barrera 815/252-9696. 2274 E. Rt. Highway 52, Serena MLS# 10960661 - $82,500 Rural community grown Restaurant/Cafe or call it the country diner. Also this sale includes 2 parcels- 2nd parcel 20 x 100, There is a heated 2 car garage, floored attic space. It is intended that all large appliances at the property will be included (stove, oven, microwave, fryer, refrigerators, and freezers), along with silverware, utensils, cooking pans, cash register, coffee mugs, Bunn coffee maker, tables, chairs, barstools, stoves, ovens, and much of wall decor (but not all, some are for sale by clients and some will not be included for personal reasons) Offered by Alice Green 815/488-9712 41 Waterway Drive, Unit E, Ottawa MLS # 10952205 - (REDUCED TO) $256,000 GREAT location with wonderful water views at Waterfront at Heritage Harbor, 2 bedroom 2.5 bath townhome with 1360 square feet with 2 car attached garage, all appliances, and multiple balconies, a two car tandem attached garage with tons of room for storage inside. All appliances are included; stove, refrigerator, dishwasher, washer, & dryer! Offered by Alice Green - 8151488-9712 WE NEED MORE LISTINGS! Housing demand is HIGH and supply is LOW, so if you're thinking of moving, it's a great time to do so. There are likely many buyers who are looking for a home just like yours, and there are options coming for you to find a new house too. Let's connect today to see how you can benefit from the opportunities available in our local market. Our agents are ready to help you!