Eileen's Naperville Single Family Stats for July, 2008

Currently we see the following market statistics:

NAPERVILLE SINGLE FAMILY LISTINGS

ACTIVES

Bedrooms #Active Avg LP Avg Market Time

ALL 1356 680,191 194 DAYS

3 284 381,389 160 DAYS

4 860 669,062 196 DAYS

5+ 189 1,222,604 236 DAYS

 

SOLDS (in the past 6 months)

513 HOMES SOLD

67 PER CENT OF MARKET SOLD

$470,542 AVERAGE SALES PRICE

94 PER CENT LIST-TO-SELL RATIO

Based upon today’s Case-Shiller monthly housing report, prices are still dropping in all the top 20 metropolitan areas.

No surprise. Fewer lenders also…and much harder underwriting standards are causing many sales NOT to close.

Be prepared to document everything and it will take longer to get to the closing table.

Buyers with less than 10% down payment will find that the only available funds are under an FHA program.

Conventional lenders are requiring more down payment.

Are you thinking about buying? Call me at 630-961-2600 and let's talk.

 

© 2008, Move UP to Naperville Blog

 

Failing Banks and Survival
07/14/2008
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Don't you wanta know who has the lousy IndyMac foreclosure loans? I do. I'm betting that a lot of foreclosure homes will be put into a "waiting" period… and that the owners or squatters (seems like lots of vacant homes in Florida and Ca) will… more
Poorly Designed Town homes
06/29/2008
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I worked with a townhouse buyer last week… she's over 50… but not a senior. And as we viewed several properties I wondered about the "new" fashion in town homes in our area. In the past three years builders have been putting up townhomes which… more
Countrywide is sued in Illinois
06/25/2008
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Go Lisa! Our Illinois Atty. Gen. Lisa Madigan is filing a lawsuit today against Countrywide Financial Corp. Madigan claims that the lender engaged in “unfair and deceptive” practices which enticed people to get those risky,… more
A true Rental Story
06/25/2008
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As many of you know, or are finding out, rentals have become a big part of our business. So, after doing all the work of finding a rental home for your clients; taking them thru the credit part; collecting certified funds and doing a final walk… more
Naperville Single Family Stats for June, 2008
06/25/2008
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Eileen's Naperville Single Family Stats for June, 2008 Currently we see the following market statistics: ACTIVE NAPERVILLE SINGLE FAMILY LISTINGS Bedrooms #Active Avg LP Avg Market Time ALL 1391 674, 942 193 DAYS 3 290 386, 406 156 DAYS 4… more
Telephone Scams
06/03/2008
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I have been receiving calls and messages on my cell phone number. It was put on the do not call list long ago. These callers/companies are making illegal calls and illegal offers. How do I know? Google is my friend. Whenever I receive a toll… more
Eileen's Naperville Single Family Stats for May, 2008
05/29/2008
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Eileen's Naperville Single Family Stats for May, 2008 Once again the Case-Shiller monthly report shows that prices are down nationwide by as much as 20 percent in some markets, and inventory is up even more. Currently we see the following market… more
What's a Woody/Woodie?
05/26/2008
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You never know when you're going to see something that just shouts: Take a picture! Most of you won't know what this car is, as they stopped building them, I think, in the 1940's… possibly the early 1950's. This a WOODIE or WOODY… yup… more
List to Sell Ratio
05/16/2008
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I've noticed that many consumers are searching for an explanation of "list to sell ratio. " So, I thought I'd try to give a simple explanation. In our area, our multiple listing service compiles data on a continuing basis and is able to spit out… more
 

Eileen Landau, ABR, CRS, e-PRO

Naperville, IL

More about me…

BAIRD & WARNER, NAPERVILLE

Address: Serving Naperville Illinois

Office Phone: (630) 778-1855

Cell Phone: (630) 297-7550

Email Me

An assortment of odds and ends that may or may not pertain to the greatest city in the Midwest: Naperville. Also some commentary on the Naperville real estate market.


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