As of today, September 23, 2010, 373 Single Family Homes have closed in Downers Grove in the last 12 months with prices from $54,400-$1,170,000.
Of those 373 sales, 41 or 10.9% were foreclosed homes. The prices of the foreclosed homes were from $54,400 to $740,000.
Of the 373 sales, 24 or 6.4% were short sales. The prices of the short sale homes were $155,000-$1,025,000.
A short sale happens when a homeowner needs to sell at a price less than the amount of loan on the property and they must negotiate with their lender to take less than what is owed.
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