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Archive for December, 2009

Teresa Keenan’s Front Door Friday

Front door Friday fotos 014 Have you ever been in this little treasure? It's full of sparkle and gleam….. I know you have driven by it a million times if you frequent the downtown Geneva area!

As always, email me at teresa@stonetowerproperties.com

if you believe you know the answer… have a great Friday everyone!

THINK SOLD!

Teresa Keenan 

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Teresa Keenan’s Front Door Friday!

Front door Friday fotos 009Another great little destination, whether you need to buy a gift for a friend, a house-warming present, or a little something special for yourself!

A gift from this shop is always presented in a very special container…. if you believe you know which shop this is, email me at teresa@stonetowerproperties.com 

and let me know! Have a great Friday everyone!

THINK SOLD!

Teresa Keenan

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Monday Morning Market…. real-estate for Geneva junkies!

Price reduced sign 

Monday Morning Market….

Good morning to all…. I trust that you all got to go spend a little time celebrating our charming and beautiful Christmas Walk in Geneva this weekend! We buttoned up and bundled the kids up to go see the lights being turned on at our tree on the Courthouse lawn Friday night. Then we made our way down to the live Nativity scene at the Geneva Lutheran Church…. Such an amazing event for our community each year! It really helps the Keenan family to kick off the season by truly remembering why we even celebrate the season! Those were the “Friday night highlights”…. The highlight for us on Saturday was attending a fun get together at the Hilmer home at 500 Fulton in Geneva! PHENOMENAL is the only way to describe this historic beauty. It has every modern convenience that today’s family would need, but it is charming and stunning in a way that today’s construction will just never be able to match! It is currently on the market for $1,390,000 (it’s not my listing but I would LOVE TO SELL IT TO A BUYER!!)

So enough of the Keenan social calendar… let’s get on to the real reason that readers check out my blog on a weekly basis…. The numbers!!

· Active listings

o   197 in number, with list prices from $149,900 to $1,795,000

· Under contract in last 7 days=    

o   8 listings, from $165,900 to $1,275,000 (2 of these sales were from our office!!!)

· Price changes=  

o   8, with the greatest reduction being $539,900 to $519,900

· Closed=    

o   1 closing!! YIKES! For $283,000 downtown Geneva

 

Looking back on the figures for the year is a lesson in local economics. For 2008 we had 261 closed single- family homes( we have closed 246 this year, with 3 weeks left to go… WE CAN DO IT!!), and they ranged in price from $128,000 to $1,450,000. For 2009, our lowest priced closing so far was $84,000, SUBSTANTIALLY lower than last year’s lowest-priced home sale. On the other end of the rainbow is the fact that last year’s highest priced home closed at $1,450,000 and so far this year our big winner was $1,345,500 (also substantially lower than last year!)

These numbers tell us how to manage our expectations, as a community. They show us that the property values have declined, and that inventory is still too high. They also show us that the big winner for market-share is the “under $400,000 home.” The others are still selling, just not as quickly. All in all, compared with the rest of the nation, I feel as if we have been fortunate here in the Fox Valley. Yes, it’s still brutal, and no, I do not see an “end” to it in the next 12 months.

With that being said, though, our office has remained steady and consistent in our volume and our number of transactions for 2009, with a few more to close in the next 3 weeks. For that, we would like to thank every single member of the community that has supported us, sent us referrals, and allowed us to represent them in the purchase or sale of a home in 2009! “Eternally grateful” doesn’t begin to describe our thanks to each of you! As always, please visit www.stonetowerproperties.com for any of your real estate needs! We hope our site will become a destination for all real-estate information you could ever need, from mortgage calculators to school information, and everything in between!

 

 

THINK SOLD!

Teresa Keenan

 

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Front door Friday fotos 012If you are a husband, you should be shopping here! The service is UNPARALLELED and extremely professional…..  2nd generation owner who prides herself on her exquisite inventory….

See if you can guess which business this door belongs to! Email me at teresa@stonetowerproperties.com if you think you know the answer! Have a great Friday, and I hope to see each and every one of you at the Christmas walk downtown Geneva this weekend!

THINK SOLD!

Teresa Keenan

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Monday Morning Market….Geneva real-estate musings!

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