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In the month of November 2011, there were 77 new properties that began the foreclosure process in Plainfield, IL. In November 2010, there were 79 new properties that began the foreclosure process. Not really much of a change when comparing market snapshots for the same time year to year.
Illinois is a judicial state, meaning that the lender must take legal action against the homeowner in a court to regain ownership of the property. From the time the Lis Pendens is filed the owners have anywhere from 6 months upwards of nearly 2 years before the lender takes back the property. Some lenders work faster than others, while some lenders seem to almost passively pursue the ability to reclaim the property.
I have seen some lenders set auction dates as early as 8 months after the Lis Pendens have been filed, and I’ve also had clients miss payments for 2.5 years before the auction date was set.
If you’ve missed payments on your home in the last 2-3 months and don’t know what to expect, I can help. I have been helping homeowners all over Illinois sell their homes through short sale, and help them get back on track and into a rental property when the sale is complete. I have also recently started working with a true credit repair agency that can help you get control of your financial situation and rebuild your credit after missing payments affects your credit.
Call me at 630-673-6233 to discuss your options confidentially.
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233
The amount of foreclosure proceedings for 2011 are up from 660 new pre-foreclosure filings in 2010 to 944 new filings in 2011. These numbers are from January 1st through November 30th for both years. Until the end of this final month of the year I won’t have the final yearly totals, so I compared both years through the end of November to keep the comparisons consistent.
This is not good news for anyone looking to sell a home as a regular residential sale in Plainfield IL anytime soon. These homes will most likely sell at discount through either short sale or through foreclosure, which will continue to drive down the prices of regular residential real estate throughout the community in the long term. But really, how much lower can prices get? I can’t believe the closed comps on some of the single family homes throughout Plainfield. Maybe prices will plateau sooner than later, because without giving them away, we’ll have to hit bottom somewhere above… well, free?
If you have to sell your home because you are behind in payments and are facing foreclosure, call me to confidentially discuss your options and learn if a short sale it the right answer for you.
Julie Ferenzi | Realtor®
Plainfield IL Short Sales
630-673-6233
In October, 74 single family homes sold in Plainfield IL. The homes ranged in price from $89,000 all the way up to $635,000.
While the number of distressed home sales is still holding steady at an alarming 38.9%, we are down from the 50% ratio that consumed most of these reports in 2010 and earlier this year in 2011.
Of the 74 single family homes that closed in Plainfield, 18 of these homes were bank foreclosures that made up 24% of the total sales for the area in October. Another 11 single family homes that closed during the same time were short sales, consuming 14.9% of the market share.
Without being either pessimistic, or overly optimistic, seeing numbers under the 50% mark is encouraging. Unfortunately, the lack of any improvements in the economy, or in the unemployment numbers, makes me wonder if these numbers are going to be short lived.
If you are having a hard time making your payments, or are facing foreclosure, call me to discuss the possibility of doing a short sale. Banks are working with homeowners in default to allow them to sell their homes for less than what they owe. In addition to helping you sell your home, I also refer my clients to a company that helps you get back on track financially. Selling your home is only the beginning of recovering from a financial hardship. Call me today at 630-673-6233, to see how a short sale can put you on the path to financial recovery.
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233
The following single family homes have closed in the Clearwater Springs and Aspen Falls Subdivision in the last 6 months from February 2011 through August 2011.
- 6706 Langsford Ln. closed at $110,000 (F)
- 7015 Waterway Ct. closed at $127,100 (F)
- 7013 Pyramid Dr. closed at $130,000 (F)
- 7008 Desert Dr. closed at $135,000
- 6985 Sierra Ct. closed at $170,000
- 2517 Sierra Ave. closed at $170,000 (F)
- 2705 Mirage Ave. closed at $177,000
- 2912 Horizon Ct. closed at $193,000
- 2655 Stonebridge Ct. closed at $196,000
- 2804 Discovery Dr. closed at $200,000 (F)
- 2605 Clear Creek Ct. closed at $255,000
The combined subdivision of Aspen Falls and Clearwater Springs in Plainfield IL are located on the northeast corner of the Caton Farm and County Line intersection. The entrance to the subdivision is marked by a beautiful double stone waterfall and 9 ponds throughout the neighborhood.
Several different builders have been part of the development of the Clearwater Springs and Aspen Falls subdivision, which contains more than 900 single family homes. The Clearwater Springs section was developed mainly by Montalbano Homes, and the Aspen Falls section was developed largely in part by Phoenix Homes. Another builder began the neighborhood but went bankrupt before the neighborhood was even close to being completed.
Within the last 2 years, the last of the vacant lots in the neighborhood have finally been built upon, and the general architecture of the community boasts contemporary floor plans with easy access to shopping, entertaining, and highway access.
The students in the Clearwater Springs and Aspen Falls Subdivision attend Meadow View Elementary, Aux Sable Middle School, and Plainfield South High School.
Homes have become very affordable in Plainfield IL in recent months. If you, or someone you know, are looking for an affordable home in Plainfield IL, call me at 630-673-6233 to schedule a home-buying consultation to get started on the process of buying a home!
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Expert
630-673-6233
The following properties have closed in the Heritage Oaks subdivision in Plainfield IL between February 26th, 2011 and August 26th, 2011:
- 24853 Winterberry Dr. closed at $221,000 (F)
- 12116 Winterberry Dr. closed at $271,000 (S)
- 12125 Winterberry Dr. closed at $305,000
Heritage Oaks is a luxury custom home community located in Plainfield IL. Heritage Oaks subdivision is a highly sought after neighborhood due to it's close proximity to Rt. 59 for commuters, and the convenience of shopping, dining and entertainment.
Plainfield IL is a quick 45 mintues into Chicago via I-55 to Lake Shore Dr. The train stations in Aurora, Naperville, and Joliet make communting a viable option for those that commute to the city for work.
If you, or someone you know, is interested in buying or selling a home in the Heritage Oaks subdivision, please call me at 630-673-6233. I specialize in single family residential real estate and short sale solutions.
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233
*An (F) indicates a forelosure and (S) indicates a short sale.
The following property addresses have closed in the Wesmere subdivision in Plainfield IL in the last 6 months between February 26th, 2011 and August 26th, 2011:
- 1717 Emerald Pointe Cir. closed at $112,500 (F)
- 1607 Lake Pointe Ct. closed at $114,010 (F)
- 1903 Arbor Fields Dr. closed at $115,001 (F)
- 5815 Emerald Pointe Cir. closed at $122,000 (F)
- 1712 Whispering Oakds Dr. closed at $130,000 (F)
- 2055 Winding Lakes Dr. closed at $132,000 (S)
- 5813 Emerald Pointe Dr. closed at $132,000
- 2222 Candlewood Dr. closed at $136,000 (F)
- 2202 Wesmere Lakes Dr. closed at $140,600 (F)
- 5508 Hickory Grove Ct. closed at $145,900 (F)
- 5612 Cider Grove Ct. closed at $146,900 (F)
- 1718 Emerald Pointe Cir. closed at $147,000 (F)
- 1905 Westmore Grove Dr. closed at $147,500 (F)
- 1915 Long Ridge Ct. closed at $149,000 (F)
- 1824 Arbor Falls Dr. closed at $150,000 (S)
- 5319 White Oaks Ct. closed at $150,000
- 1901 Westmore Grove closed at $151,900 (F)
- 1905 Long Ridge Ct. closed at $159,000
- 1707 Lake Pointe closed at $160,000 (S)
- 2313 Willow Lakes Dr. closed at $167,500
- 5830 Lake Pointe closed at $177,500
- 1806 Whispering Oaks Ct. closed at $182,000
- 5507 Hickory Grove Ct. closed at $183,000 (S)
- 2205 Wesmere Lakes Dr. closed at $190,000
- 1914 Chestnut Grove Dr. closed at $195,000
- 1713 Tall Oaks Dr. closed at $214,900
- 1702 Grand Highlands closed at $219,000
- 5718 Arbor Gate closed at $227,000
Properties with an (F) after them indicate a foreclosure and those with an (S) indicate a short sale.
57% of the home sales that have closed in the Wesmere subdivision in the last 6 months were distressed home sales. 42% of the market share in Wesmere were sales based on foreclosed homes, while only 14% of the distressed homes that sold were short sales.
Short sales offer home sellers that are behind in their payments a better opportunity to sell their home and begin rebuilding their financial opportunities for credit much sooner than a foreclosure will allow.
If you or someone you know is facing foreclosure, please contact me at 630-673-6233. I list and sell property in both Will and DuPage county and I specialize in short sales for both buyers and sellers.
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233
I grew up in this house at 256 E. Wrightwood Ave. where I lived until I got married in 1999. My parents ended up selling this house at the same time my husband I were looking for our first home. We all ended up in Plainfield later that year in new construction homes just a few blocks away from each other.
I still know Addison very well because we visit often. My in-laws still live there, in the same house my husband grew up in, in Kings Point.
I had friends in every subdivision in town… Westwood, Heritage, Foxdale, Farmwood, etc; including the neighborhoods in town that don’t have well known names. If you didn’t know the kids in town that were your age by 6th grade, you surely did by the time you were in middle school, because there is only one middle school and one high school in Addison.
This is what the school looks like now that it has been remodeled. The growth in the last few years made it necessary to add on to the school, and I would love to see what it looks like inside 16 years after I graduated from Addison Trail, back in 1994.
I could help but revisit some of the old stomping grounds last week when I was in town. Especially some of the homes of my lifelong childhood friends:
This is the home that once belonged to my best friend. It’s sad to know that I don’t know many of the people that now live in my old neighborhood. At the peak of the real estate boom many of the homeowners in the area saw their property values double… and knew that it was time to cash in on their investments. Even though our childhood homes are no longer ours, Brigid and I are still best friends after all these years!
The first person I met on my first day of kindergarten lived in this house. I memorized Michelle’s phone number on the way home from lunch at Fullerton school and I still remember it to this day. Long before the village re-engineered Salt Creek Reservoir where Louie’s Restaurant used to be, this street used to flood. I remember when my dad had to take his fishing boat over to her house to rescue her grandmother from the front porch.
This is the house right next door to Michelle’s where my good friend Jennie lived most of her life too. I remember all of the sleepovers we had in her basement in the summers when we were kids. Her dad recently moved after losing her mom suddenly two years ago.
But I still know this house! My friend Tegan’s parents still own this home just blocks from where I grew up. A few years ago they completely remodeled the interior with a new kitchen and bathroom and floors. It’s amazingly beautiful! I didn’t recognize it the last time I was there to visit.
Many of the homes in the area have been remodeled several times from their original state when they were built in the 1950′s. With the exception of some of the newer neighborhoods on the west side of Addison, many of the homes were built between the mid 1950′s and early 1970′s. I still remember seeing the signs for new construction for Farmwood and Foxdale at the corner of Lake St. and Rt. 53 in the early 1980′s. Since then several new developments have popped up around town as older homes are torn down and some of the remaining vacant land has been developed.
I took these in the car so they aren’t the highest quality images but I was on a mission to capture as much of Addison as I could in one trip while my youngest napped in the van.
This was the old Addison Public Library before the new one was built. The former building is now being used as an administrative building for district 88.
And this is the new library facility:
I know I’m just being nostalgic now… but I think I like the old building better  ) And that’s why I’m going to post a few photos of buildings that were once childhood icons of my environment:
This used to be a free standing 7-11 at the end of the street I grew up on. I would ride my bike, and walk my dolls up to the corner for a Slurpee and a handful of Bazooka bubble gum with quarters that I found from the cushions on the couch. Ironically this is now owned by my sister’s father in law Dennis Naples! I can hardly hold it against him for selling cabinets where Slurpee’s were once served, but it would be nice if he’d just install a Slurpee machine somewhere in there for me for old times sake.
Anyone that did not grow up in Addison might be surprised to know that the Alta Villa Banquet hall was originally the Addison Roller Rink back in the early 1980′s. My dad used to take us roller skating here every week.
This used to be Tommy’s Red Hots, and the parking lot was the place to meet up with friends after school and after a football game. It was often filled with Mustangs, Camaro’s and motorcycles.
Nardi’s pizza is still Nardi’s pizza… and I would kill for a slice right now. This was the place our family ordered from every Friday or Saturday night. And not for dinner… it was like a 4th meal we couldn’t live without.
And this is where you either worked or hung in the summer, and where all the cute boys worked as lifeguards.
And these are the two local gas stations just a few blocks from each other that were owned by owner James Krage. He owned the Amoco at the corner of Addison and Lake St. with his daughter, and still owns the service station on Lake St. with Vic Grisetto. I worked at both of these gas stations in high school and beyond, and to this day it ranks as one of my favorite jobs that I’ve ever had.
Right across the street is John’s Pizza, the other favorite place to meet up after a game or school event.
And if you didn’t get your driving permit through the school driving program because you had a late birthdate, your parents probably had to dish out the cash to put you through driving school at Michaels.
There are still many apartment complexes in Addison located throughout the town. Not much has changed in the architecture or design of these buildings throughout the years.
Based on the strength of the relationships I have made and kept as a result of growing up in Addison, I just have to say… this truly is a special place.
I will continue to highlight Addison in terms of both real estate and community experiences. Please feel free to comment and share your experiences of living in Addison IL. If you or someone you know are looking to sell or buy a home in Addison, please have call me at 630-673-6233. I’d love to be part of your Addison real estate transaction!
Julie Ferenzi | Realtor®
Addison IL Homes for Sale
630-673-6233
The numbers of distressed sales are holding steady from the same time last year with only a slight increase in the amount distressed home sales from up from 37.8% in June 2010 to 38.2% in June 2011.
There was also an increase in the amount of sales in Plainfield IL totaling 110 closed single family homes up from 95 closed single family home sales last year. In addition average market times decreased from 190 days in June of 2010 to 165 days in June 2011.
Unfortunately the average single family home value in Plainfield continues to decline. The average single family home price in Plainfield IL right now is at $229,414 which fell another 8.4% from the same time last year which was $250,234, which isn’t great news for anyone hoping last year that the market values would improve.
Did you know that even if you are current on your mortgage and you are facing a hardship forces you to move, you can do a short sale to sell your home if you are one of the many homeowners that are upside down on their mortgage? Changes in the family structure and job relocation are just some of the reasons for needing to do a short sale. Call me to find out if a short is right for you.
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233
There’s a quaint little church off of Arbeiter Dr. and Caton Farm Rd. You wouldn’t know it was there if you didn’t know where to look, (especially now that the corn is super tall!) so that’s why I’m telling you about it.
We had been going to Holy Family Parish in Shorewood, on and off for the last 8 years or so, but we had some problems with the religious ed program at Holy Family this year after I had volunteered to be a teacher for one of the 7th grade classes. These problems escalated and never got resolved to anyone’s benefit. After my daughter made her first Communion this spring, I started visiting different churches in the area in hopes of finding a church that we could finally call home.
I wasn’t raised Catholic so I kind of felt like an outsider to begin with, but after completing RCIA last year I was committed to raising the kids with the foundation of our family faith. With school starting again, I’ve been frantic about where we were going to send them for religious ed this year. I have one making his first Communion this Spring and another being Confirmed.
I knew that St. Francis was “somewhere” off of Caton Farm Rd., just past the Clublands and Greywall Club, but I don’t have many reasons to go much further down Caton Farm Rd. I knew it was there because Fr. Dennis, who was one of the first priests at the new church, lived next door to my mom in Greywall Club when the church was first built. I hadn’t become Catholic by that point, and I was still fairly content at Holy Family so the exact location remained a mystery to me until earlier today. It really is pretty much hidden behind the high summer corn!
To make a long story a little bit shorter, I just wanted to say how much I really liked the church, the service, and the pastor that served today. Unfortunately this was Father Burke’s last day at the parish, as he took a calling to continue his work in the Seminary, but I could tell how much he had been appreciated there, and that he was very well loved by everyone. I didn’t even know him before today, but that didn’t stop me from sharing in the emotion of the moment and shedding a few tears. I could easily blame it on being 5 months pregnant, but the truth is… it was hard not to feel the love in the room and how much he was going to be missed.
So, I think we’ll be going back this Sunday and joining St. Francis as it opens the book on another new chapter in the life of this young church.
Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233
Naperville is statistically doing well in the real estate market based on these April numbers. Only 24% of the total number of sales for the month of April were distressed sales, which are fantastic numbers when compared to neighboring communities.
Compared to last year at the same time, when the total distressed sale average in Naperville only made up 12.9% of the market share, it’s true that this number has almost doubled… but when you look at all the other factors such as the economy, job losses, the price of food and fuel, and the health of the real estate market in nearby communities, that number is really not so disappointing.
In April 2011, 87 single family homes closed at 87% of their original price on average, and the average home price in Naperville in the month of April was $422,199. The average market time for a single family home in Naperville in April of 2011 was 232 days, up 36.7% from the same time last year…. but while market times have increased, the good news is that the average home price has increased by $1,500. Now, I know that’s not a huge gain in market values, but any kind of a gain in the right direction in this economy is a positive one!
If you are thinking about making a move and want to know what your property is worth, call me for a complimentary market analysis of your home at 630-673-6233. I am a full time Realtor® serving Naperville, Plainfield, Shorewood, Bolingbrook, Romeovill, Aurora, Joliet, and all of the surrounding areas.
Do you know someone struggling to make their mortgage payments, or behind on the mortgage? I help homeowners in foreclosure sell their homes with a short sale to avoid a foreclosure. Call me to find out how my short sale team can help you out from underneath a mortgage that is underwater.
Julie Ferenzi | Realtor®
Naperville IL short sale specialist
630-673-6233
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Julie Ferenzi
Plainfield,
IL
More about me…
Real People Realty, Inc.
Address: Plainfield, IL, 60544
Office Phone: (630) 673-6233
Cell Phone: (630) 673-6233
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