May Day! May Day! - April Market Closed - Aurora vs Montgomery, Oswego & Yorkville

By
Real Estate Broker/Owner with Heart Realty Group, Inc.. IL-471.002355

Living next door to Illinois' 2nd largest city is always an interesting experience.  We can enjoy many of the amenities without some of the disadvantages (traffic, overcrowding, older infrastructure, etc.). When it comes to real estate and this past month if closings are any indication some of the surrounding villages share the same statistics.  What a difference a year makes!

 2009

                      Solds        F       S       %D        AVG Price        2 BR     3BR   4BR   5+

AURORA         73             27      11      52.05   $172,945        8          33     29       2

Montgomery    16             7        1        50       $197,550        0            6     11      0    

Oswego           24             6        3        37.5    $238,276        0            6     16      2

Yorkville          14             4         3        50     $232,739         0            3     11      0  

2008              

                      Solds        F       S       %D      AVG Price        2 BR     3BR   4BR   5+

AURORA           92           0        16     17.4       $228,976     15        41       35     1

Montgomery     18            0         3      16         $210,072       0          9         9    0

Oswego            15            0         3      20         $262,731      0          3        12    0

Yorkville           21            0         1      4.8        $296,914      1          8        12    0

 

These 3 surrounding communities all have their own special charm along the Fox River and like most bedroom communities of large cities they share the transportation, shopping and employment of its much bigger neighbor.   

If you are looking to find a great deal on a short sale or foreclosure property don't hesitate contacting me or visit www.dynamicbroker.com

Perhaps all the April showers will not only bring out flowers but more buyers to take advantage of the increased inventory, great interest rates, first time buyer $8K incentive and terrific prices.  Those that want to stay in their homes also have choices to bring down their mortgage rates....call me and we can discuss.

That's it for this rainy May Day! (no pun intended!)

 

 

 

 

 

 

 

F=Foreclosure

S=Short Sale

%D=Percentage Distressed

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.

Passionate About Real Estate & Our Clients!
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