Naperville is statistically doing well in the real estate market based on these April numbers. Only 24% of the total number of sales for the month of April were distressed sales, which are fantastic numbers when compared to neighboring communities.
Compared to last year at the same time, when the total distressed sale average in Naperville only made up 12.9% of the market share, it’s true that this number has almost doubled… but when you look at all the other factors such as the economy, job losses, the price of food and fuel, and the health of the real estate market in nearby communities, that number is really not so disappointing.
In April 2011, 87 single family homes closed at 87% of their original price on average, and the average home price in Naperville in the month of April was $422,199. The average market time for a single family home in Naperville in April of 2011 was 232 days, up 36.7% from the same time last year…. but while market times have increased, the good news is that the average home price has increased by $1,500. Now, I know that’s not a huge gain in market values, but any kind of a gain in the right direction in this economy is a positive one!
If you are thinking about making a move and want to know what your property is worth, call me for a complimentary market analysis of your home at 630-673-6233. I am a full time Realtor® serving Naperville, Plainfield, Shorewood, Bolingbrook, Romeovill, Aurora, Joliet, and all of the surrounding areas.
Do you know someone struggling to make their mortgage payments, or behind on the mortgage? I help homeowners in foreclosure sell their homes with a short sale to avoid a foreclosure. Call me to find out how my short sale team can help you out from underneath a mortgage that is underwater.
Julie Ferenzi | Realtor®
Naperville IL short sale specialist