A Multiple Listing search for Bartlett homes shows that even though the number of homes sold has decreased significantly, the home prices only declined minimally since 2005. The information was based on 2nd quarter numbers for 2005-2008.
The bar graph above shows that the number of homes sold is down by about 53.5% compared to 2005, and down about 25% since last year .
The graph above shows the 2nd quarter prices in Bartlett are down a little since 2005. The decrease is just about $13,500 and as a percentage the drop is around 4%. The decrease in only about 1.3% annually which is relatively minimal compared to the national numbers.
Although the national media has beating up the real estate industry for the last couple of years with talks of huge losses, Bartlett real estate has not lost any significant value over this period of time. From this data there would only be significant losses if someone purchased last year and sold this year.
If you would like to receive an accurate valuation of your home, or would like to buy soon contact your Dupage County Realtor.
This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The search included only average prices of detached single family homes.