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Montgomery - Oswego - Yorkville, IL - July Market Stats - Short Sales/Foreclosures Increase!
With summer almost over lets review what is happening in 3 small villages outside of Aurora, IL....the 2nd largest city in the state.
 2009                     July                         July                    2009                2009
Town                  Single Family   S/F     Attached    S/F     YTDSF    S/F      YTDAF     S/F 
Montgomery              20              8             7            6        133      62         36           23
Oswego                     29             13            8            3        168      63         51           19
Yorkville                    17              6             5            1        111      40         19            9
 Aurora                     119            51           43           17      590       269       236         83
2008                      July                        July                    
Town                 Single Family   S/F     Attached    S/F     YTDSF  S/F  YTDAF  S/F  
Montgomery           23              5               1            1       137     15        31      5
Oswego                 30               1               5            0       184     11        70     4
Yorkville                19               2               5            1       124       8        34     2
Aurora                 121              22            44             7       678       *       346    *
Total 2008                                                                       1108              555
The numbers clearly show that short sales/foreclosures are over 40% of the closed sales in 2009 vs. 2008.  We are behind in actual sales from 2008 but the margin isn't really wide in most cities.  July was pretty close to 2008 volumes. 
The rest of the year should be interesting.  Hopefully, more 1st time home buyers will take advantage of the $8K credit and snatch up some of the good bargains available in short sales and foreclosures.
Become a statistic - Buy a Home in 2009!
 
 
*Separate Indicators for Foreclosure/Short Sales not started until mid-2008
 
 
 
... more

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