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Health & Fitness

Downers Grove Realtors Release Traditional Home Sales Report for September, 2012

Team Bowers Downers Grove, Illinois Realtors release the most important statistics for home owners in Downers Grove. Review traditional home sale statistics for the last 3 months here.

Team Bowers Downers Grove, IL real estate agents have compiled the following Downers Grove real estate statistics for home owners in Downers Grove, people looking to buy a home in Downers Grove, and people interested in selling a house in Downers Grove, Illinois.

As the title states, the reports below are for traditional home sales only. So what are “traditional” home sales? Traditional home sales are the home sales where the home owner did not sell their home as a short sale or foreclosure. Years ago, there wasn’t much of a need to make distinctions between the different types of homes sales because the vast majority were traditional home sales. Due to the current economic and real estate market conditions, it is extremely important to analyze each sale type differently because each sale type belongs to a different pricing tier.

Traditional sales fetch the most money because they are in good condition and can close quickly. Short sales sell for less money than traditional sales because short sales require a lengthy process to complete and take months to close. Foreclosures are the lowest price tier because they are generally in much worse condition than traditional sales and short sales and the banks that own the properties are willing to sell them for substantially less money because they are in bad condition or the bank wants the properties off their books.

Find out what's happening in Downers Grovewith free, real-time updates from Patch.

 

Downers Grove, IL - Homes For Sale: September, 2012

City Bedrooms # of Homes For Sale # of Homes Sold # of Homes Not Sold Median List Price Median Sold Price Sold - Avg Days On Market Not Sold - Avg Days On Market Downers Grove 1 31 2 29 $59,000 $63,500 182 269 Downers Grove 2 152 15 137 $139,000 $120,000 212 181 Downers Grove 3 135 12 123 $299,500 $259,900 236 130 Downers Grove 4 150 11 139 $489,000 $435,000 90 151 Downers Grove 5 44 3 41 $654,990 $274,000 238 165 Downers Grove 6 9 0 9 $1,050,000 $0 0 165 Downers Grove 7 2 0 2 $2,300,000 $0 0 56 Downers Grove 8 2 0 2 $899,500 $0 0 87

 

Find out what's happening in Downers Grovewith free, real-time updates from Patch.

Downers Grove IL - Homes For Sale: July 1 , 2012 - September 30, 2012

City Bedrooms # of Homes For Sale # of Homes Sold # of Homes Not Sold Median List Price Median Sold Price Sold - Avg Days On Market Not Sold - Avg Days On Market Downers Grove 1 44 8 36 $74,900 $63,500 212 269 Downers Grove 2 226 61 165 $139,000 $120,000 287 201 Downers Grove 3 196 55 141 $289,900 $259,900 152 148 Downers Grove 4 222 54 168 $479,000 $410,000 104 162 Downers Grove 5 65 12 53 $650,000 $450,000 183 177 Downers Grove 6 11 1 10 $1,050,000 $325,000 45 206 Downers Grove 7 2 0 2 $2,300,000 $0 0 56 Downers Grove 8 3 0 3 $720,000 $0 0 94

 

Team Bowers Realtors provide the above city-level, Downers Grove real estate statistics because home owners and home buyers are always asking, "How is the Downers Grove real estate market doing?" In reality, the above statistics are interesting city-level figures and for most curious Downers Grove home owners, these statistics will suffice; however, if you are looking to sell a house in Downers Grove or if you are interested in purchasing homes for sale in Downers Grove, you need much more localized statistics because the real estate markets in Downers Grove vary greatly by subdivision.

Team Bowers Realtors provides localized statistics at a subdivision level and at a bedroom count level for every subdivision in Downers Grove, IL on our website at www.teambowersrealtors.com.

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