Tony Lazzari's Naperville Real Estate http://www.mynapervillehomesblog.com Home Search Market Reports & News Tue, 07 Feb 2012 17:51:01 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Mixed numbers for Naperville townhomes and condos http://www.mynapervillehomesblog.com/around-naperville/mixed-numbers-for-naperville-townhomes-and-condos/ http://www.mynapervillehomesblog.com/around-naperville/mixed-numbers-for-naperville-townhomes-and-condos/#comments Fri, 18 Dec 2009 15:26:15 +0000 Homes in Naperville http://mynapervillehomesblog.com/?p=2073 The numbers for attached homes in Naperville over the last 12 weeks have some positives in them: Units For Sale dropped 10% while units Sold climbed 17%. Obviously the decrease in inventory and increased sales bodes well for those who have their condos or townhomes on the market.

NAPERVILLE, IL
Condo
2012-02-03
Median List Price:$150,731
Total Inventory:304
Homes Absorbed:15
Days on Market:245

From a dollar perspective, prices for units Sold and Under Contract are down sharply -14% and -15% respectively. Some of this average decline in median prices could just be variations in the what units have sold (lower priced units vs higher priced units) and the seasonal nature of the market,  but some may also be reflective of a continued resetting of prices.

Median MAI for homes in NAPERVILLE, IL All ZIP Codes

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]]> http://www.mynapervillehomesblog.com/around-naperville/mixed-numbers-for-naperville-townhomes-and-condos/feed/ 1 Aurora Condo and Townhome market report http://www.mynapervillehomesblog.com/aurora/aurora-condo-and-townhome-market-report/ http://www.mynapervillehomesblog.com/aurora/aurora-condo-and-townhome-market-report/#comments Sun, 22 Nov 2009 21:29:19 +0000 Homes in Naperville http://mynapervillehomesblog.com/?p=1837 house2New this month – Market Report on Condos and Townhomes in Aurora. This will be following the same format as the monthly single family homes report but will focus on this segment of the market. Industry news in recent weeks has included the expansion and extension of the Home Buyer’s Tax Credit. Essentially, the program for first time buyers requires a contract date no later than April 30, 2010 and a close date no later than June 30, 2010. The amount is 10% or a maximum of $8,000. Income limits have been adjusted upward so more people may be eligible. Existing homeowners (not just upgraders) who have owned and lived in their home for five consecutive of the last eight years may be eligible for up to $6,500. This chart has a good summarization of the changes. And for a Frequently Asked Questions or FAQ, go here.

Data comparisons* are made for the current 12 week period vs the previous 12 weeks.

Homes Under Contract, 13 vs 10, or an increase of 30%. This upward trend has been steadily continuing over the last several months and continues into the fall months. Homes Sold remained steady – 11 vs 11. They have been at this level on a continuous basis since early June, 2009, indicating a relatively stable market.

Continuing a trend that  started in July, Homes For Sale decreased 9% from 610 to 558. This continued reduction in inventory bodes well for stabilization in pricing and competition in the marketplace.

Median Price for Homes Sold in October 09 is down less that 1% from $152,167 to $151,288 – an insignificant change. The median for Homes Under Contract however, dropped from $162,575 to $150,896 – a decrease of 7.2%. Median List Price dropped 2.5% from $162,262 to $158,171. All three pricing metrics have been gradually declining over the past 6 months.

Condos and Townhomes in Aurora, IL

These stats are also available on an individual zip code basis. Contact me to take a closer look at your particular area. Or request your own customized report and it will be emailed promptly.

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