Downers Grove, Illinois Market Report for 2009

1/1/2009 thru 12/31/2009

Detached Single Family Homes

In 2009 there were 346 single family homes that were sold in Downers Grove,Illinois.

Average Old List Price    $432,136

Average List Price            $406,030

Average Sales Price         $377,877

Average Market Time    200 Days

Ratio List to Sales Price  93%

 Attached Homes

In 2009 there were 164 Attached Units Sold (condos & town homes)

Average Old List Price    $188,997

Average List Price            $178,672

Average Sales Price         $167,696

Average Market Time    193 Days

Ratio List to Sales Price  94%

**Please note this information was taken from MRED, LLC on 1/4/2010**

I've recently had the please of working with Joe & Pat.  We sold their home in 3 weeks after being on the market with different agents for 2 years.

Here is their recommendation:

"Laura is very knowledgably of the industry, dependable and resourceful. She understands what it takes to produce a positive outcome and is creative in developing solutions to help meet her clients' goals. She is a very focused and an individual who will go that extra mile to ensure a positive conclusion for her clients. Great to work with and would highly recommend her." October 15, 2009

I've recently had the pleasure of working with Joe & Eleanor.  We found a great property for them and they will be closing shortly.

Here is their recommendation:

Laura - You're absolutely the best realtor we've had the pleasure of working with. We appreciate your professionalism and the patience you've shown over the last 24 or so months. You've provided an endless number of listings, countless showings, invaluable professional advice and referrals, and even hot soup when Eleanor was ill. Bottom line is that you clearly put your clients first. And for us, in the end your patience and persistence paid off. When I said "Bring us a deal," you did just that. You found exactly the property we wanted within our price range in a desirable, convenient community. Thanks for hanging in there with us. You're tops." October 7, 2009

Top qualities: Great Results , Personable , Expert

Yes, homes are selling in Downers Grove Illinois!

There were 66 single family homes that went under contract in Downers Grove, Illinoisfrom April 1, 2009 thru May 20, 2009.

26 of the homes that went under contract in Downers Grove were priced from $400,000 to $1,395,000 and 7 of those homes in that price range went under contract in under 30 days. 

The homes that went under contract were priced from $94,900 thru $1,395,000.  The average market time was 182 days with a Total Sales Volume of $29,003,730.

There were also 16 attached homes that went under contract for the same time period.  These attached homes were priced between $89,900 to $375,000 and an average market time of 207 days. 

In our current Real Estate market, it is very important to price your home for today's trends.  It is hard to chase a market that has been on a downward trend. STAY AHEAD OF THE TREND. Know your competition...as more homes come on the market, lower their prices or close for a lower price, you will need to continue to adjust your price so you need to "PRICE RIGHT AS SOON AS YOUR HOME GOES ON THE MARKET"!

If you are thinking about buying or selling a home in the Downers Grove area and would like a "Market Analysis" or additional information on our current market, give me a call at 630-964-3276. 

Laura Karambelas, Downers Grove Realtor