For those of us that live in Oswego, IL the slowly rising economy has been of major interest. In a village that is a larger than it's two closest neighbors, Montgomery & Yorkville but still have some issues related to school capacity and lack of a solid commercial base home sales are an indicator of how the local economy is doing.
The good news is that single detached homes ended up with sales of 490 units, an increase of 96 units from 2012! The lowest price was a 1 bedroom 1 bath at $60,500 with the highest sold home at $680,000. In 2012 we had 394 homes sold with the lowest price at $28,500 and the highest price sold $799,000 - both were foreclosures!
The townhome/duplex/condo market also was up from 2012 numbers with 198 sold in 2013 vs. 171 in 2012. The lowest priced home in 2012 was $13,250 vs. 2013 price of $14,900. Highest priced home sold in 2012 was $227,700 vs the 2013 price of $234,900.
Planning on selling your home in 2014? With low inventory levels currently- only 156 active detached single family homes and 20 attached single family homes - don't wait until the official Spring market to list your home. Wondering what your home is worth today? Give me, Evelyn Santiago, a call and beat the competition and list early!
With projected increases in the most popular mortgage loan product, FHA, in April of this year, buyers need to start their search early to avoid rising loan costs and predicted interest rate hikes!
Whether selling or buying let's get started by calling me at 630-251-0059 today!