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
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