home prices: North Aurora Home Prices Up 5.5%
- 03/14/18 01:19 PM
Median Sales Price Highest In Years The median sales price right now is at $228,250. North Aurora IL home prices have been rising since December of last year and are now the highest they've been in a long time. We've seen a year-over-year increase of 5.5%.
The number of closed sales was up in February and we're projecting an early start to the spring selling season. Home buyers are out there and with only 1.7 months of housing inventory in North Aurora, we're in a sellers market. As a home seller, you can expect higher selling prices and a quicker sale.
If you've been thinking … (3 comments)
home prices: St Charles IL Home Prices for March 2018
- 03/08/18 09:30 AM
Home Prices Continue to Rise in St Charles The median home sale price in St Charles was up 9.6% YoY at the end of February. Here are some other key market indicators. 358 homes were for sale in St Charles at the beginning of March. This number has been rising since December 2017. St Charles housing inventory rose as well to 4.2 months. We're no longer in a sellers market. 44 homes closed in St Charles in February. This number is down, typical for the season. The median sale price in St Charles is at $320,000. This is the highest it's been … (2 comments)
home prices: Home Prices Are UP in Chicagoland! Are They Up in Your Neighborhood?
- 06/13/17 09:23 AM
All but 2 Chicagoland suburbs surveyed saw price increases this June 23 of 25 Chicagoland suburbs surveyed saw year-over-year price increases this month. Some were in double-digits! Before we get to the details, let's look at some highlights. MEDIAN SALES PRICE The current median sale price in the Chicagoland suburban market is $228,900. This is up 6.5% YoY (year-over-year). Of the 25 areas we looked at, Campton Hills saw the highest median sales price at $467,500. At the low end, Elgin comes in at $178,500. YoY PRICE CHANGES The suburban Chicago real estate market has seen an average 6.5% price increase YoY. Only 2 areas, Glen Ellyn and South Elgin, saw a price decrease. The big … (1 comments)
The number of bank-owned properties on the market has dropped 31.1% year-over-year. Illinois is right in line with a 29.7% decrease in foreclosures. Does this have a correlation with rising home prices?
After the real estate crash, bank-owned properties flooded the market. Good news for those home buyers looking for a bargain, bad news for sellers watching their property value fall.
Over the last couple of years, foreclosure numbers have been dropping and as a result, we've seen home prices rise.
Now you can't expect prices to increase to pre-crash levels as that's likely what caused problems in the first place. However, homeowners … (0 comments)
home prices: Low Housing Inventory Raising Prices in Chicagoland
- 01/04/17 07:38 AM
Home sellers seeing higher prices as availability remains low The Chicagoland real estate market has been seeing declining inventory since the start of the year. Currently, there is a 4.1 month supply of housing. Anything between 3-6 months would be considered stable and we're right at the low end of that.
Buyer demand in the Chicagoland market continues to outpace the availability of homes for sale. As the demand increases and supply decreases, prices rise as a result.
National housing inventory is at 4 months so we're right there with the trend. This marks 18 straight months of decline.
Median home prices in Chicagoland for the month of December were at $222,825, up … (0 comments)
Updated November 3rd, this quick video details many factors concerning the St Charles housing market.
YTD home pricing trends including asking prices and sales prices Month-to-month and year-to-year price change Current supply of housing inventory What types of homes are for sale How long it's taking to sell in St Charles For a more comprehensive look at these statistics and what it means to you, check out our complete home price report for St Charles, Illinois. This article was originally published on November 29, 2016 at kombrink.com. … (0 comments)
Updated November 3rd, this quick video details many factors concerning the Naperville housing market. YTD home pricing trends including asking prices and sales prices Month-to-month and year-to-year price change Current supply of housing inventory What types of homes are for sale How long it's taking to sell in Naperville For a more comprehensive look at these statistics and what it means to you, check out our complete home price report for Naperville, Illinois.
This article was originally posted on Tuesday, November 15, 2016 at kombrink.com. … (0 comments)
Updated November 3rd, this quick video details many factors concerning the Geneva housing market. YTD home pricing trends including asking prices and sales prices Month-to-month and year-to-year price change Current supply of housing inventory What types of homes are for sale How long it's taking to sell in Geneva For a more comprehensive look at these statistics and what it means to you, check out our complete home price report for Geneva, Illinois. This article was originally published November 8, 2016 at kombrink.com. … (0 comments)
home prices: Bloomingdale Home Prices See 4.3% Gain in October
- 11/08/16 12:16 AM
Bloomingdale Home Prices YTDMedian home prices in Bloomingdale IL have risen slightly since the beginning of the year. We’re currently seeing a median list price of $279,900. The chart below is a good comparison of median list prices vs. median sales prices in Bloomingdale IL for 2016. As you can see, home buyers and sellers have been fairly aligned. This indicates home sellers are pricing their home at what the market will bear.
Are Bloomingdale home prices going up or down?Home prices in Bloomingdale spiked 21.6% in October compared to September. The median sales price right now is $240,000. We also saw an increase in prices year-over-year with a 4.3% gain. Bloomingdale homes are definitely appreciating … (2 comments)
home prices: What's Going On With Geneva IL Real Estate?
- 07/14/16 11:13 PM
Current Geneva IL Real Estate Market Update Geneva IL real estate is starting to stabilize and promise good things for both home buyers and sellers. Signs are looking bright for home buyers and sellers in the Geneva IL real estate market. After the bubble burst things have kind of been all over the place. Most recently, housing inventory went from sky high to the bottom of the barrel. With more consumer confidence, owners are once again putting their home on the market and finding there are in fact buyers out there. The following data was pulled from Midwest Real Estate Data, our local MLS, on Wednesday, July 13, 2016. There … (1 comments)
home prices: Indicators Say "Time to Sell Your Hanover Park Home"
- 05/24/16 03:21 AM
Hanover Park Homeowners: It's Time to Sell! If you've been considering putting your Hanover Park home on the market, the time is NOW! Looking at several key indicators in our local real estate market, everything is working in your favor.
HOME PRICES ARE UP The average sales price of a home in Hanover Park has been climbing for the last 3 years. At the bottom of the market, in November 2013, homes we're selling for just above $100,000. The current sales price in Hanover Park is over $150,000 and rising. Just in the last 12 months, prices are up 3.6%.
SELLERS MARKET Everyone knows the law of … (0 comments)
Home prices throughout Glen Ellyn are up over last year. Some neighborhoods fare better than others. Here's a quick peek at some popular areas in town.
Home prices in Glen Ellyn have been on a consistent rise over the last 3 years.
Currently, the average sales price of a home in Glen Ellyn is $417,831. This is up 3.6% from May 2015 and up a whopping 16.6% from 2013.
Of course, Glen Ellyn offers a wide variety of homes in all price ranges. We've chosen a few popular neighborhoods to see how home prices are doing across the board. Here's what we found.
Breaking ground in 2014, the Lincoln Square neighborhood of Geneva is a private enclave of 48 homes west of Randall Rd off Bircher Rd. This Pulte development offers 3-4 bedrooms homes ranging in size from 2,300-3,400 square feet. Home prices range between $340,000 up to $395,990. This community is within walking distance to shopping and dining at Geneva Commons, 2 miles from downtown Geneva and just 2.5 miles to Metra Train. Children in Lincoln Square attendHeartland elementary school, Geneva Middle School and Geneva High School. All of the schools are within 2 miles of Lincoln Square. Home buyers are closing deals in Lincoln Square as … (2 comments)
home prices: Buyers Are Looking For Homes in Windmill Cove
- 01/06/16 10:54 PM
It's a Seller's Market in Windmill Cove, Batavia Do you own a home in Batavia's Windmill Cove neighborhood? We're seeing some big upside potential for home sellers in this area.
In the last 3 months, 4 homes have closed. This indicates a healthy buyer pool looking to move into the area. Even better news for those looking to sell a home? There's only one home currently on the market. At current supply and demand, that means Windmill Cove has less than one month of housing inventory.
Folks, seriously, if you're thinking of selling, now is the time! With high demand and low supply, you're bound to enjoy a higher selling price as well as a quicker … (0 comments)
home prices: Top 10 Luxury Homes in Batavia IL
- 01/06/16 12:25 AM
Most Expensive Homes Sold in Batavia IL in 2015 Over 420 homes sold this year in Batavia. We saw plenty of vacant land, condos, townhomes and single family homes of all price ranges. However, we all like to peek into the world of extravagance. So without further adieu, here are the Top 10 Most Expensive Homes Sold in Batavia in 2015.
As you can see, the Tanglewood Hills subdivision dominated sales of luxury homes in Batavia IL last year. So let's take a look shall we?
#10 2314 Kane Ln The first of 7 homes sold in Tanglewood Hills to make it into the list this year. This brick and dryvit home offers 5BR/5.1BA … (2 comments)
home prices: Top 10 Luxury Homes in Geneva IL
- 01/03/16 02:33 AM
Most Expensive Homes Sold in Geneva IL in 2015 Over 540 homes sold this year in Geneva. We saw plenty of vacant land, condos, townhomes and single family homes of all price ranges. However, we all like to peek into the world of extravagance. So without further adieu, here are the Top 10 Most Expensive Homes Sold in Geneva in 2015.
As you can see, the concentration of luxury homes in Geneva IL is located in the historic part of downtown just west of the river and south of State St. So let's take a look shall we?
#10 616 Fulton St An amazing family home in the heart of downtown. This 5BR/4.2BA two story home … (0 comments)
home prices: Top 10 Luxury Homes in St Charles IL
- 12/29/15 01:45 AM
Most Expensive Homes Sold in St Charles IL in 2015 Over 1,000 homes sold this year in St Charles. We saw plenty of vacant land, condos, townhomes and single family homes of all price ranges. However, we all like to peek into the world of extravagance. So without further adieu, here are the Top 10 Most Expensive Homes Sold in St Charles in 2015.
As you can see, there wasn't one concentration of luxury homes in St Charles IL, they were spread all over town. So let's take a look shall we?
#10 4N812 Old Farm Rd Boasting 5 bedrooms and 6.2 baths, this brick and stone home … (7 comments)
home prices: UPDATE: Homes Over 2000 Sq Ft in North Aurora
- 12/21/15 01:01 AM
Market Update: North Aurora IL 2000+ Sq Ft Homes Homes over 2000 Sq Ft in North Aurora account for 77% of active listings. In the last 6 months, 54% of homes sold in North Aurora were over 2,000 square feet. Let's take a look at this specific portion of the real estate market.
MARKET ACTIVITY There are currently 66 homes for sale in North Aurora that are over 2,000 sq ft. This accounts for 77% of North Aurora real estate inventory. In the last 6 months, 65 homes have closed. This means we currently have a 6-month supply of homes over 2000 sq ft in North … (0 comments)
Homes for sale in Charlemagne of St Charles, Illinois are slowing down as we enter the winter season. No surprise there, but with buyers still searching this neighborhood it may be a great time to sell. Let's take a closer look...
CURRENT ACTIVITY IN CHARLEMAGNE There is one home for sale right now at 3406 Charlemagne Ln. This home is priced at $344,800, above the neighborhood average. One home, located at 3107 Blackhawk Ct, is under contract. The last closed home in Charlemagne was on December 4th. 3301 Oxbow Ln sold for $349,900, above the neighborhood average. This … (0 comments)
home prices: Best Time to Sell Townhomes in South Elgin IL
- 12/08/15 12:39 AM
Townhomes in South Elgin IL Market Trends Things are looking up for owners of townhomes in South Elgin IL! We've put together an overview of real estate market trends and all signs are pointing to now being the best time to sell.
TOWNHOME SALES Townhome sales in South Elgin are up 14.9% over this time last year. There have been 54 closed sales in the last 12 months. This shows there is buyer demand for these properties.
SOUTH ELGIN TOWNHOME PRICES Another good sign...the median sales price for townhomes in South Elgin IL has risen 9.9% in the last 12 months. The average sales price is currently … (0 comments)
Find out what's going on in the Chicagoland IL real estate market, local news and general advice for homeowners. Our Chicagoland Real Estate Blog provides fresh perspective on our market activity. Be sure to check it out!
Median Sales Price Highest In Years
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