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Steve McIntyre, Realtor®, GRI
Licensed in Illinois
4201 Galleria Drive
Loves Park IL 61111
(815) 541-4282 office (815) 880-7840 fax
Keller Williams Realty Signature© All Rights Reserved.
4201 Galleria Dr. Loves Park, IL 61111
Serving Galena Illinois, Apple Canyon Lake & The Galena Territories
Current Market Remarks:
The residential market is moving UP in our area. We are running out of inventory
in some areas (Like Apple Canyon Lake and The Galena Territory). BUT… There are still
bargains out there! While second home prices in the resort areas are creeping upward
(HURRY UP), the primary residential homes in our local towns are selling well (if
they are priced right). Farm ground prices are stable and are a great cash rent value
in this uncertain stock market. Commercial real estate in our market is recovering
too, but with COVID-19 it might be time to buy a job at a good price in a tourist
location like Galena. Remember, a lot of our area is covered by Fiber Optic internet
service. So, if your looking to relocate your home office, Jo Daviess County is the
perfect place. This status changes quickly and is monitored closely by all of our
Professional Realtors®, so consult with them BEFORE purchasing.
With interest rates staying low, buyers are looking for bargains in the market. So
this means that while the inventory is shrinking quickly there are still bargains
to find for qualified buyers. So if were waiting for the best time to buy: IT IS
NOW! Before it is too late and interest rates inch UP, or there is no inventory!
The homes and properties that are selling are the ones that are priced properly for
today’s market and have the proper exposure (advertising and web presence). All very
good reasons to use a professional Realtor® to list your home and sell it, or help
you buy your next “On Golden Pond” property in today’s rapidly changing market.
So, Give Us a Call!
A Word of Caution: While this data can be revealing in many ways, it can also be a little misleading. For example: this does show that the total sales volume for the Galena Territory market has decreased since 2005, it does not split out the vacant lots versus homes sold, or tell you the total number of sales. Adding these data points may skew the data to show that while the dollar volume may be down the average price per home sold may be up and this data may be different for homes versus vacant lots. So, it is IMPORTANT to call your professional Realtor® then he/she can interpret the data towards your buying or selling needs and help you make the right informed real estate decisions for your situation.
Annual Statistical Data for the Realtor Association of Northwestern Illinois UPDATED: March 5th, 2021
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|Galena Area Video|