St. Charles IL Homes Sales Report September 2012

In St. Charles IL there have been 425 closed sales of single family homes as of September 30, 2012 at an average closed price of $338,910. This is almost exactly the same as the 415 closed sales in the same period in 2011. There are 130 single family homes under contract today.

Inventory: There are 100s of Active listings as we head into the Fall and Winter months. At the lower price points, there is only a month or two of supply but at the higher prices there are far more listings then buyers. Since there is also a steady trickle of new listings all the time, it’s a great time for buyers who can take advantage of the low interest rates.

Distressed Property Sales: The total number of distressed property sales (foreclosures and short sales) has stayed steady at about 23% of all closed sales of single family homes. The average sold prices of the distressed sales is $222,224, while the average sold price of standard sales is $373,880. This tells me is that we haven’t seen the wave of distressed property sales in the upper price points that so many people said to expect a year ago.

Attached Homes: Townhouses and condos have been a little harder to sell in the past few years. There have been a total of 91 closed sales year to date at an average closed price of $220,000. 27% of the closed sales are foreclosures and short sales.

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St. Charles IL Home Sales
Single Family Homes
As of September 30, 2012

Closed Sales: 425
Average Closed Price: $338,910
Average Market Time: 183

Under Contract: 130
Average List Price: $364,797
Average Market Time: 240 Days

Active Listings: 434
Average List Price: $583,246
Average Market Time: 312 Days

Data Above Provided by MRED, the Multiple Listing Service of Northern Illinois.
Information deemed to be reliable but not guaranteed to be accurate.
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If you are thinking of buying or selling a home in St.Charles, IL, I can provide you with the most up to date market information. If you would like a detailed market report for your neighborhood or subdivision in St. Charles IL please give me a call at (630)945-7935 or contact me.. I am an experienced St. Charles IL real estate agent and I would be delighted to help you. See all the homes for sale in St. Charles.

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