Real Estate
Naperville Home Sales Climb as Chicago Area Hits Six-Year High
Naperville's real estate market had an increase during September as the bulk of the Chicago area also saw a bump in year-over-year comparisons.
Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—but it was a mixed bag if you were trying to sell property in DuPage County.
The number of homes sold dropped in Burr Ridge, Darien, Downers Grove, Glen Ellyn and Hinsdale in September 2012 compared to September 2011, according to the Mainstreet Organization of Realtors (MORe).
Naperville saw a 30.9 percent bump in the number of homes sold in September 2012 over September 2011. The average sale price in Naperville increased 5.1 percent and with 123 homes sold, Naperville tops the DuPage sample.
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Elmhurst, Lisle and Woodridge also all saw the number of homes sold increase by double-digit percentages, according to MORe.
Nearby Lisle had the greatest leap in home sales, with a 57.1 percent increase in Sept. 2012 over Sept. 2011. The average sales price dropped, however, by 13.9 percent.
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Across the Chicago area, the number of homes sold in September rose by 22 percent over Sept. 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006.
“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”
Avg. price Town 2012 2011 % change 2012 2011 % change Burr Ridge 5 8 -37.5%
568,600
708,785
339,785
267,250
27.1% Downers Grove 27 33 -18.2%330,607
318,459
3.8% Elmhurst 41 36 13.9%374,256
402,136
-6.9% Glen Ellyn 27 29 -6.9313,543
432,250
-27.5% Hinsdale 16 24 -33.3%752,131
848,484
307,250
356,992
-13.9% Naperville 123 94 30.9%420,784
400,323
5.1% Wheaton 47 43 9.3%339,542
345,968
-1.9% Woodridge 20 14 42.9%243,871
213,946
14%Source: Mainstreet Organization of Realtors
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