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st charles il real estate: St Charles IL Market Report | January 3 2011 - 01/04/11 11:55 AM
St Charles IL single family homes sales showed gradual improvement in 2010. The total number of closed transactions is up about 10% while the median price dropped about 3%.
In 2009 there were 395 homes closed for an average price of $383,297.
In 2010 a total of 435 homes closed for an average price of $371,364.
At the entry level of the St Charles IL market -- under $250,000 -- a fair number of the transactions were foreclosures and short sales. Bank owned properties and short sales allow buyers to get a little more for their money if they are able … (1 comments)

st charles il real estate: St. Charles IL Market Update | Single Family Homes | November 23, 2010 - 11/23/10 02:36 AM
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st charles il real estate: Home Prices Will Continue to Drop: It's Simply a Case of Supply and Demand - 08/23/10 03:49 AM
Keeping Current Matters is the blog site of Steve Harney and his terrific real estate data ccollection and analysis team. Last week they published a series of reports and links from major industry analysts. The universal agreement is that home prices will continue to drop over the next six to eight months.
Steve published this chart last week that he says "may be the best real estate chart ever".

Steve's comment on the chart: "We can see that the experts are calling for prices to decline for the next year and then take another year to regain that loss and have values equal today's … (97 comments)

st charles il real estate: Short Sale - I'm so EMBARRASSED - HELP ME PLEASE - 08/06/10 12:29 PM
It's a very hard call to make: "I can't pay for my house, and I don't know what to do". Even here in St. Charles, Geneva, Batavia, Wayne and other Fox Valley communities we have many families who may be at risk of losing their homes in this difficult economy. They may have had job losses, extraordinary medical bills, or business set backs. A short sale is when the bank allows the house to be sold for less than what is owed on the mortgage. Susan Goulding, a Realtor in California, has some great advice for homeowners who might be struggling … (1 comments)

st charles il real estate: Thinking of Buying an REO? To You it's a Home, to the Bank it's Scrap Metal - 08/05/10 10:10 AM
Who is sitting in the cat bird seat these days for a home purchase? Who will be catered to, indulged, flattered and coddled on a pleasant journey to a home closing that can be bragged about for years? Think again if you said "the buyer" if the house is a foreclosure or REO property (REO stands for Real Estate Owned).
Today's qualified home buyer is a rare bird. He struts with expectation of recognition of his specialness. After all, market inventories are high and prices are low. Today's home buyer thinks he is doing the bank a favor -- making … (51 comments)

st charles il real estate: Time to Yank it Off? - 07/31/10 11:56 AM
"We think maybe we should pull the house off the market and wait until next year...?" Many of our sellers are opening their weekly reports and wondering if waiting until next year would get them a higher price. Showing activity has dropped off and the number of price changes on hotsheets far outnumbers any new sales. Sellers are frustrated after a long hot summer of keeping the house clean and showing ready. We know we've been doing great marketing, so if the house is in good shape and staged to perfection, then price drops are the only thing left to do … (109 comments)