The numbers of distressed sales are holding steady from the same time last year with only a slight increase in the amount distressed home sales from up from 37.8% in June 2010 to 38.2% in June 2011.
There was also an increase in the amount of sales in Plainfield IL totaling 110 closed single family homes up from 95 closed single family home sales last year. In addition average market times decreased from 190 days in June of 2010 to 165 days in June 2011.
Unfortunately the average single family home value in Plainfield continues to decline. The average single family home price in Plainfield IL right now is at $229,414 which fell another 8.4% from the same time last year which was $250,234, which isn’t great news for anyone hoping last year that the market values would improve.
Did you know that even if you are current on your mortgage and you are facing a hardship forces you to move, you can do a short sale to sell your home if you are one of the many homeowners that are upside down on their mortgage? Changes in the family structure and job relocation are just some of the reasons for needing to do a short sale. Call me to find out if a short is right for you.
Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist