Naperville Home Prices, Trends – August 2013 Market Report

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.

August 2013 housing statistics for naperville real estate naperville detached home stats summary august 2013 naperville attached home stats summary august 2013 [Read more…]

Mortgage Rates And Impact On Buying A Naperville Home – July 2013

Mortgage rates have not been the friend of home buyers recently.

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…]

Naperville Real Estate Trends, Prices, Listings – June 2013 Update

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.

Naperville Home Prices

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.

naperville average home prices, june 2013average naperville home prices across price ranges

Average Listing Prices

The average price people are asking for their home was virtually unchanged from last year at $446,210.  [Read more…]

Naperville Neighborhood Guide: Brookdale

brookdale entry wall

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.

History

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…]

Naperville Real Estate Trends And Statistics – May 2013

real estate data in naperville

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.

Naperville Real Estate Summary

  • The number of new homes for sale increased 41% from May 2012 to 2013.  There were 361 new listings posted last month.
  • 168 homes were sold in May, a jump of 7.7%.
  • The average sale price of a Naperville home was $460,525.  Great news for sellers since this is a 13.4% increase from last year.
  • If you’re trying to figure out how much you can expect to sell your house for as compared to your list price, the average sale is netting 95.1% of the asking price.
  • It’s currently taking about 3 months to sell a home in this area. [Read more…]

The Best And Only Home Search Tool You Need

home for saleHOME BUYERS REJOICE!  This is absolutely the best and only home search tool you need.  And, IT’S FREE! [Read more…]

How Mortgage Rates Affect Buying A Naperville Home Today

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.

naperville real estate and mortgages

[Read more…]

Is Buying A Short Sale Home In Naperville A Better Deal?

short sale better deal

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…]

Naperville Housing Market; Prices, Sales – April 2013

The Naperville housing market is doing well for both buyers and sellers.  Let’s look at the April 2013 stats for single family homes and then compare them to a year ago.

Housing Statistics naperville homes listed april 2013

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…]

Is It A Good Time To Buy A House In Naperville?

naperville home buyerIf 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…]