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Here is the Naperville real estate report for August, 2013. This month continues to outpace the year-ago period. As compared to last August across all home types, there were 30.7% more listings, 33.3% more closed sales, and 14.9% less inventory available.
Fewer homes + more demand = higher prices, as we see below.
I have a story to illustrate that but, before I get to that, let me say one thing:
This article is not meant to scare people into buying a home. Although it paints a less-than-rosy picture of the likely result of waiting to buy a house, the bottom line is that if you can’t or don’t want to buy now, then don’t.
As a real estate agent specializing in Naperville, I’m here to help, not hype.
So, if you’re in the market to buy in the near future, this info is meant to help educate you so you can be a more informed consumer, not scare you into buying the first thing you see. You should make a decision that best helps your personal situation and hopefully the following mortgage data (and my Naperville housing market reports) will help you. [Read more…]
Here is the Naperville real estate market summary for June, 2013. Overall, we’re still seeing positive news for sellers across all price ranges. Buyers are suffering more and more right now though. With that said, let’s first start with how much homes are selling for.
The average home price in June, 2013 was $385,768. This is an increase of nearly 8% over last June’s average of $357,805. When we break down sales into price range groups, we see that prices have gone up in all ranges until we step into homes priced more than about $525,000. On average, prices in that range have come down 2.8% over the past year to an average of $645,428.
The average price people are asking for their home was virtually unchanged from last year at $446,210. [Read more…]
If you’ve moving to Naperville and looking for a very welcoming neighborhood, you truly can’t go wrong with Brookdale.
I know. I grew up there.
It’s a very active community with people who care.
Before there were houses, the land that Brookdale is on used to be all farm. 3 farms, actually. Pretty much as far as you could see was cattle land. And some corn. Beginning in 1976, the housing development started. [Read more…]
The housing market in Naperville continues to get better and better.
These real estate trends show that May was another great month with improvements in all major statistical categories such as average sale price, new listings, and average market time.
HOME BUYERS REJOICE! This is absolutely the best and only home search tool you need. And, IT’S FREE! [Read more…]
The Naperville real estate market is getting better. It’s definitely on the way back up.
If you’re thinking of buying a home in Naperville, it’s a good time to buy right now. Tomorrow, it might not be as good. Here’s why.
With the housing market we’ve had over the last decade, we’ve seen home prices rise and then drop extremely quickly. This has brought about the phenomenon of the “short sale”. Although a short sale is nothing new to a bank, it’s only recently entered the minds of many home buying consumers because the burst in the housing bubble has made this term common place in the media.
But is buying a short sale home in Naperville a better deal than buying a non-short sale? [Read more…]
In April 2013, there were 269 homes that were listed for sale in Naperville. That’s a 16% increase over the 232 homes listed in April 2012. [Read more…]
If you’re looking to buy a house in Naperville, you’re probably wondering if it’s a good time or not. Maybe you’re scared about losing your shirt like people did over the last few years? Maybe you’re wondering if prices are still on the way down? Maybe you’re wondering if you should rent instead?
Well, here are a few thoughts that may help you decide what’s best for your personal situation. [Read more…]
