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JANUARY’S AVG. SALES PRICE AND MARKET TIMES

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JANUARY RESIDENTIAL HOME MARKET AVERAGE MARKET TIMES LAST 3 YEARS
 
​JANUARY RESIDENTIAL HOME MARKET AVERAGE SALES PRICE LAST 3 YEARS


 
 
​LET ME KNOW IF THERE’S AN AREA YOU’D LIKE TO KNOW MORE ABOUT​!


 

NEW LISTING, 305 E. WASHINGTON, MARENGO, IL

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305 E Washington St, Marengo, IL 60152

 5 beds 4 baths 3,000 sqft

$399,500

GRAND VICTORIAN HOME ON A CORNER LOT IN BEAUTIFUL DOWNTOWN MARENGO. MATURE TREES SURROUND THIS LOVINGLY RESTORED HOME COMPLETE WITH A COVERED PORCH. SPACIOUS 5 BEDROOMS FEATURES COMPLETELY REMODELED BATHROOMS (INCLUDING A NEW ADDITIONAL 1/2 BATH) WITH PORCELAIN TILE & GRANITE UNDERLAY, A BRAND NEW KITCHEN WITH GRANITE COUNTERTOPS AND FLOORING, FRESH PAINT IN MOST ROOMS, AND A ROOF THAT WAS REPLACED JUST TWO YEARS AGO. CLASSIC HARDWOOD FLOORS, CEILING FANS & HISTORIC TRIM WORK WITH LAUNDRY SET UP ON THE 2ND FLOOR. PERFECT IN-LAW ARRANGEMENT WITH SEPERATE LIVING ROOM AND BATH. NEW WHIRLPOOL TUB UPSTAIRS, ZONED FURNACES, ADDED INSULATION, AND A NEW WOOD STOVE MAKE YOUR WINTER NIGHTS COZY & EFFICIENT. ALSO HAS A REC.ROOM WITH HOTTUB, A WKSHP, AND CARRIAGE HOUSE WITH ADDED STORAGE AND GARAGE SPACE FOR ALL YOUR TOYS TO SLEEP SAFE & SOUND. VAULTED CEILINGS GIVE THIS HOME SPACIOUS APPEAL. CENTRAL AIR DUCT WORK READY TO GO! NEW TANKLESS H20 HEATER. TRULY, A CAN”T MISS! 

Make the most of the low interest rates because they won’t be around forever

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Luke Sommen Buyology

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The cut in official interest rates brought them to the lowest level since the early 1960s. It was a move expected by many but perhaps not welcomed by all.

Cutting rates recognises the fragile state of our economy that could further unnerve consumer confidence. It is hoped that the rate cut will give that much-needed stimulus to business investment and consumer spending.

In his announcement, Reserve Bank governor Glenn Stevens acknowledged the Board wanted to “reinforce recent encouraging trends in household demand”. That’s a worrying thought considering the low wages growth.

There is only so much the RBA can do to repair economic growth back to trend. It really lies now with the state and federal budgets.

Low rates tend to attract higher activity levels putting upward pressure on price. The booming Sydney market and issues of affordability must be addressed. The Domain Group reported Sydney’s median house price is now $914,056 and could be set to…

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