Whether we want to believe it or not, homes are continuing to sell in DuPage County. Home sales are not what they were several year ago but individuals and families are continuing to purchase homes in DuPage County. In June of 2011 there were 943 listed homes that sold with an average sales price of $293,788 and a median sales price of $223,900. These homes include single family homes and attached homes.
In June of 2010 the average sales price for a single family home was $368,417 and the average sales price for an attached home was $165,504. There were a total of 1063 properties that sold in June 2010. Comparing June 2011 to last years sales the sales prices for single family homes were $360,896 only an $8000 difference with an actual decrease of 2%. On the other hand, when you compare the attached homes to last years sales in June the gap is much larger. The average sales price for attached homes came to $138,066 a decrease of 16.58% from last years prices.
If you are on the fence about buying consider jumping off. Now is a great time to own a home. Don’t wait! Don’t over spend and be a part of the American Dream today! If your home hasn’t sold it’s probably the price so talk to your real estate agent and get that price down where you can increase buyer traffic and hopefully receive an offer on that home.
Need an agent? Contact me today. email@example.com.
Data from the MLS in Northern Illinois. www.mredllc.com
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Check out this great article on the home price changes. As of April 2011, you can pretty much purchase a home near the same prices as in the year 2007. If you are on the fence, get off and get on your way to homeownership. Not sure where to being? Contact me today for help in purchasing a home or investing in real estate. firstname.lastname@example.org or click http://bit.ly/CarrieLewisBeyrealtor.
“We can remain afraid to buy and let all of the great deals out there pass us by as the investors snag them all and rent them back to us until we’re ready to buy. Or, we can go and buy ourselves and take advantage of the instant equity that we can gain.” Nathan Hosier
This market may appear to be an intimidating time to purchase a home. However, whether you believe it or not, now is the best time to own. Home prices are as low as the home prices in 2004 and even 2000. You can essentially purchase a home at the 2004 prices and get a better interest rate than you could during that year and years close to it! Steve Harney and his team explain it well. Click on the link to read more…..
If you need to sell, SELL. Don’t wait for the market to come back. While you wait your home could depreciate more. In addition, you may lose your right to forgiveness of the debt. This special tax relief actually applies to anyone who has forgiven mortgage debt during the tax years 2007 through 2012. But starting in 2013, this tax break goes away. Whatch the Suze Orman video.
Shortsales are here to stay. If you must sell consider the shortsale.
If you can afford $800 a month for rent you could own a 2 bedroom condo or home selling around $49000 for the same amount including your real estate taxes. If this is you, call me. STOP FUNDING your landlord’s dream today and get on the way to home ownership. If you have questions ask them here or contact me personally.
Illinois Suburb of the Week, Glen Ellyn. Where is Glen Ellyn on the map. http://bit.ly/gf5Tc9
When your house no longer suits you, you can move or remodel. Find out which big change is the right investment of your housing dollars.
Read more: http://members.houselogic.com/articles/#ixzz1Dy2zY8Fu
Hot Topic! Is your home clean or messy? Tell the truth. Why is it clean or messy?
I live in the City of West Chicago. This city is east of St. Charles and West of Wheaton. My home is still worth more than what I purchased it for in 1997. However, it’s $30,000 less than what I could have sold if for in 2008.