Even in relatively prosperous communities like St. Charles the housing market is still somewhat troubled by short sales and foreclosures. Since the first of the year there have been a total of 288 closed sales of single family homes in St. Charles. In the first half of this year about 12% of the closed sales were short sales and 11% were bank-owned foreclosures. This means that about 23% of all sales in St. Charles were distress sales, which is considerably below the Chicago metro area average of 40%. 

The median price point for all closed sales is $314,000. While the short sales are pretty evenly spread across all price points, about two-thirds of the foreclosure sales were priced under $250,000. In June there were 50 "regular" closed sales of single family homes, 8 closes of REOs (bank-owned foreclosures, and 4 closed short sales.

Please Contact Me if you'd like more information about short sales and foreclosures in St. Charles.

St. Charles IL Single Family Homes
Closed Sales

 

 

If you're interested in buying a home in St. Charles and want to learn more about what's selling, please give me a call at (630)945-7935

This post was written by Leslie Ebersole of Baird & Warner Real Estate.
Use or reproduction of the material published on this site is expressly prohibited
without the express written permission of the author.

 

FOX VALLEY LIVING

 

My Email leslie.ebersole@bairdwarner.com

My Mobile (630)945-7935

 

11 Comments on St. Charles IL Short Sale and Foreclosure Market Report

JUL
21
875,766 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

This is a very interesting report.. I have not seen a similar type of report for So. New Hampshire. 
8:04pm • #1
623,557 Points 43 Featured Posts Outside Blog Called Shot Master

Leslie, interesting information for home buyers and home sellers in St Charles IL.  Is this an improvement over last year?  
8:15pm • #2
374,152 Points 14 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Leslie,

Great information for buyers and sellers in St. Charles.  Best of success to you this year!
9:29pm • #3
JUL
22
669,190 Points 74 Featured Posts Outside Blog Called Shot Master

Great info Leslie.  Very nice market report about short sales and foreclosures in St. Charles.                                           
6:02am • #4
334,008 Points Outside Blog

WOW!!!!!!!!!!!!!!!! This si some good Info for all in your area,Keep up the good job and good luck with your business in 2012,  E
6:41am • #5
1,007,577 Points 50 Featured Posts Outside Blog Called Shot Master

Leslie - Great real estate market report for Short Sales and Foreclousres in your area.
7:35am • #6
268,592 Points 3 Featured Posts Outside Blog Attended Rain Camp

I have not done a market update recently but I know that when I do it will show a drastic lack of inventory. Even short sales and REO inventory is way down. I recently did a search in through zip codes of Fremont, Ca. – a city of more than 200,000 – and used typical first time buyer criteria. Surprise! No REOs and No Short Sales! This in an area with sought after schools which drive buyers to compete for the properties that do come on the market.
8:17am • #7
336,173 Points 23 Featured Posts Outside Blog Called Shot Master

Looks like your market is doing a great turnaround.  Short sales will now always be with us but your percentages are down.
9:33am • #8
563,956 Points 151 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good job, Leslie.  We're seeing a decline in REOs while short sales increase, but even short sales are down from their trend through the first 6 months.  
5:13pm • #9
164,705 Points 8 Featured Posts Outside Blog

Leslie,

Great post.  Informative and educational all in one graph, now all clients need to do is pick up the phone and call you to put some some distressed properties under contract and get them out of the market!

Keep up the good work.

Michael
8:55pm • #10
JUL
23
741,635 Points 16 Featured Posts Outside Blog Called Shot Master

Leslie, looks like "regular" closed sales are do good in St. Charles. Nice market report.
6:03am • #11


Captcha

Drag the world to the circle on the side.

Image?id=5c691e923c9b6c782ccb74b80c1621f0a6279e68 Image?id=426b37c8a40b7f6645bd3aa4ee0ce04316235fed Image?id=e76ca304c8096e3feaf13a44aed85b4e7f8f2a25 Image?id=57ea3ef1b9c3b983194abe61624a988d22e30503 Image?id=34a72e12b5b3a47e4da9bc56bd3e9fa3e1230148

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:
Leave a response…

(optional)
Captcha

Drag the foot to the circle on the side.

Image?id=dadbed7f09eb471a7d2f986197f485d0dd023484 Image?id=328686fb522bebf44c07a758298cf9237e82880f Image?id=a6fb9b4afeb3b8a82247022fe6d9ea333d3fe2ad Image?id=f3522895b8257192474bdc97f0477466f0ec12e6 Image?id=aded1f5e78dcf41a1f32689520888b584ef15b01

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase: