sellers market: North Aurora Home Prices Up 5.5% - 03/14/18 01:19 PM
Median Sales Price Highest In Years
The median sales price right now is at $228,250.  North Aurora IL home prices have been rising since December of last year and are now the highest they've been in a long time.  We've seen a year-over-year increase of 5.5%. 
The number of closed sales was up in February and we're projecting an early start to the spring selling season.  Home buyers are out there and with only 1.7 months of housing inventory in North Aurora, we're in a sellers market.  As a home seller, you can expect higher selling prices and a quicker sale.
If you've been thinking … (3 comments)

sellers market: Hyper-Local Look at the St Charles Real Estate Market - 02/16/17 08:03 AM
Location, location, location.  Let's drill down into the St Charles market and look at supply and demand.
The numbers in the chart above were compiled from Midwest Real Estate Data (MRED) on Wednesday, February 15, 2017.  They provide you a pretty detailed glimpse into our local real estate market.
As a whole, the city of St Charles has 662 homes for sale and had 430 closings in the last 6 months.  That's an average of 71 closings per month.  Doing the math shows St Charles currently has 9.2 months of housing inventory.  This puts us in a buyers market.  Supply is higher than current demand.  Selling your home right now … (2 comments)

sellers market: St Charles Housing Market Stable - 09/01/16 12:52 AM
School has begun and summer is coming to an end.  This typically brings a slowdown to the local real estate market.  St Charles, however, still has home buyers and the seller inventory to meet demand.
We all know the terms "sellers market" and "buyers market".  St Charles, as a whole, is experiencing neither right now.  We're in a stable market.
Depending on where in St Charles you live, though, selling could be a little easier.
The city as a whole has 5.62 months of housing inventory.  Anything between 5-6 months is "normal".  There are 658 homes (both attached and detached) on the market with 468 homes closed in the last 4 … (0 comments)

sellers market: Batavia is ripe for home sellers - 08/24/16 01:15 AM
Time to sell your Batavia home! 
Thinking of selling your Batavia home?  Current market conditions make now the time!
Like any other commodity, housing obeys the laws of supply and demand.  If supply outweighs demand, you'll have a tough time selling your home.  But if demand is high and supply is low...selling your home could be a breeze!
Let's take a look at the current supply and demand for housing in the tri-cities.  The following information was compiled from Midwest Real Estate Data on Monday, August 22nd, 2016.
510 homes are for sale in St Charles. 613 homes have sold in the last 6 months, that's 102 homes per month. This gives … (0 comments)

sellers market: Indicators Say "Time to Sell Your Hanover Park Home" - 05/24/16 03:21 AM
Hanover Park Homeowners: It's Time to Sell!
If you've been considering putting your Hanover Park home on the market, the time is NOW!  Looking at several key indicators in our local real estate market, everything is working in your favor.
The average sales price of a home in Hanover Park has been climbing for the last 3 years.  At the bottom of the market, in November 2013, homes we're selling for just above $100,000.  The current sales price in Hanover Park is over $150,000 and rising.  Just in the last 12 months, prices are up 3.6%.
Everyone knows the law of … (0 comments)

sellers market: Where Are Homes Selling in The Fox Valley? - 02/08/16 10:30 PM
If you live in one of these Fox Valley neighborhoods, you should sell!
As we've been blogging about for the last several months, conditions are favorable in many Fox Valley neighborhoods to sell your home right now.  Buyers are plentiful and housing inventory is low making for a perfect sellers market.
If you live in any of these neighborhoods and have considered moving, now would be the time!
The following data was compiled from the Multiple Listing Service on Tuesday, February 2nd, 2016.  It looks at any Fox Valley neighborhood that had 5 or more homes close in the last 6 months.  This is a … (2 comments)

sellers market: Sellers Market for Condos in West Chicago IL - 01/20/16 12:43 AM
Time is Right to Sell Your West Chicago IL Condo
Housing inventory across Kane and Dupage counties is down.  Home buyers, however, are still out in force.
We're encountering several markets where buyer demand far outpaces home supply.  One of these markets is condos for sale in West Chicago IL.
In the last 6 months, 18 condos have sold.  That's three sales each month.  Right now, in West Chicago, 8 condos are on the market but 5 of them are already under contract!  That only leaves 3 available condos for sale in West Chicago.  Huge opportunities exist for sellers in this area.
It's all about … (0 comments)

sellers market: ON THE MOVE: Lincoln Square, Geneva IL - 01/07/16 02:08 AM
It's a Seller's Market in Lincoln Square
Breaking ground in 2014, the Lincoln Square neighborhood of Geneva is a private enclave of 48 homes west of Randall Rd off Bircher Rd.  This Pulte development offers 3-4 bedrooms homes ranging in size from 2,300-3,400 square feet.  Home prices range between $340,000 up to $395,990.
This community is within walking distance to shopping and dining at Geneva Commons, 2 miles from downtown Geneva and just 2.5 miles to Metra Train.  Children in Lincoln Square attendHeartland elementary school, Geneva Middle School and Geneva High School.  All of the schools are within 2 miles of Lincoln Square.
Home buyers are closing deals in Lincoln Square as … (2 comments)

sellers market: Buyers Are Looking For Homes in Windmill Cove - 01/06/16 10:54 PM
It's a Seller's Market in Windmill Cove, Batavia  
Do you own a home in Batavia's Windmill Cove neighborhood?  We're seeing some big upside potential for home sellers in this area.
In the last 3 months, 4 homes have closed.  This indicates a healthy buyer pool looking to move into the area.  Even better news for those looking to sell a home?  There's only one home currently on the market.  At current supply and demand, that means Windmill Cove has less than one month of housing inventory.
Folks, seriously, if you're thinking of selling, now is the time!  With high demand and low supply, you're bound to enjoy a higher selling price as well as a quicker … (0 comments)

Matt Kombrink, Your #1 Source For Real Estate (RE/MAX All Pro)

Matt Kombrink

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Saint Charles, IL

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Find out what's going on in the St Charles IL real estate market, local news and general advice for homeowners. Our St Charles Real Estate Blog provides fresh perspective on our market activity. Be sure to check it out!



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