Shorewood, IL Market Report 10/10/10

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Real Estate Agent with Steve Roake Homes - Keller Williams Realty Infinity

Shorewood, IL Real Estate Market Report 10/10/10

Today, Shorewood, IL has 125 single family homes for sale with a median list price of $249,900.  There are 18 homes under contract.  The average market time is 221 days or 7.4 months.  Prices range from $52,500 to $699,000.  See all of these listings at http://www.roakehomes.com  

In the last 30 days, 19 homes for sale have closed at a median price of $195,864 and 23 homes have had the listing expire or have been cancelled.  Sold homes had an average list price of $251, 164 and were on the market, on average, for 155 days.  Expired/cancelled Shorewood homes for sale averaged $277,813 with average market time of 289 days.  Of the 19 closings, 8 were distressed with a median sales price of $190,000 and average sales price of $225,768.  The 11 'traditional' home sales had a median price of $244,000 and an average sales price of $227,957.

This data provides evidence that buyers are still selective in their home search and that they are buying a disproportionate number of distressed homes.  The average difference in sales price of only $2,189 indicates that buyers may not prefer foreclosure and short sale properties, but are interested in homes that are viewed as being below market value.  Correct pricing continues to be crucial to selling a home in the Shorewood, IL real estate market.

If you're thinking of selling your home in Shorewood, contact Steve Roake for a free Comparative Market Analysis. 

Also, please see the Plainfield Market Report.

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Steve serves the real estate needs of buyers and sellers in Shorewood, Plainfield, Joliet, Crest Hill, Romeoville, Bolingbrook, Oswego, Minooka, New Lenox, Aurora, Naperville and NW Will County.  Specializing in short sales, investment properties and first time home buyers, Steve attacks problems with a tenacious outside the box approach and keeps working where many others would have given up.   

To learn more visit www.getmovingwithsteve.com.  Specializing in Shorewood IL Real Estate, Plainfield IL Real Estate, Joliet IL Real Estate, Minooka IL Real Estate, Channahon IL Real Estate, New Lenox IL Real Estate, Oswego IL Real Estate, Bolingbrook, IL Real Estate, Romeoville IL Real Estate, Naperville IL Real Estate and Homes For Heroes Affiliate - Learn more or Register at PlainfieldHeroes.com 

 

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Rainmaker
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Vick The Realtor .
Olympus Executive Realty INC. - Orlando, FL

Thank you for the great wealth of information and update on your area, Great work! Wishing you the best!

Oct 10, 2010 07:30 PM #1
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Steve Roake

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