Wow, I’ve been neglecting my blog because I’ve been busy working, (which is good right?) but I have a lot of catching up to do! I can’t believe it’s March already! I’ve got the January market report for you for Plainfield ready now, and it’s painting a better picture of something I thought might have skewed the upbeat numbers last month. December 30th was originally the date that buyers had to close by in order to qualify for the tax credit last year, and there was a mad rush to purchase property in the last quarter of the year. Unfortunately, January’s numbers aren’t good.
40 single family Plainfield homes closed in January 2011. A shocking 62% of those homes were distressed home sales! SIXTY-TWO percent. That number seems almost unbelievable….
There was also a 13.1% decrease in the amount of homes that sold, and a 14% increase in the amount of distressed sales for the same time last year, when comparing the closed sales data from January 2011 to January 2010.
The not-so-bad news is that with all of these declining figures, average single family home prices only slipped by 1/2%. I think as a resident in Plainfield myself, as long as things are still moving, I’d rather have the market be slow than losing value. The average single family home price in Plainfield in the month of January was $238,219.
I’m too tired tonight to pull February’s numbers and analyze them, but I promise to get back to them before July :o)
If you, or someone you know are ready to buy or sell a home in Plainfield… or anywhere in Will or DuPage County, call me at 630-673-6233!
Julie Ferenzi | Realtor®
Will and DuPage County Short Sale Specialist
630-673-6233
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