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
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.
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