Comparing the 4th quarter of 2008 to the first quarter of 2009 in Plainfield IL:
There were 197 new filings in the 4th quarter of 2008, compared to the 250 filings in the first quarter of 2009 for an increase between the quarters of 21.2%.
In comparing the number of newly filed foreclosures in Plainfield IL from the 1st quarter of 2007, 2008, and 2009 there is a steady increase in the number of foreclosures each year.
1st Quarter Figures for newly filed single family Plainfield IL foreclosures by year:
- 2007: 116 new filings
- 2008: 218 new filings
- 2009: 250 new filings
There was a 12.8% increase in foreclosures from 2008 to 2009
There was a 46.8% increase in foreclosure from 2007 to 2008
As you can see from these figures, Plainfield has not seen the bottom of this market yet, though it does seem to be slowing down. The second quarter of 2009 will paint a better picture of the trajectory of the market, and the time frame in which we can expect to see a recovery in the market values of Plainfield IL.
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Julie Ferenzi | Realtor®
Plainfield IL Homes