2007 Monthly Market Update
The following reports shows how
Elburn's2007 Real Estate Market is progressing.
Currently as of October 2, 2007, there are 216
residential properties listed with Realtors.
Out of the 216 properties, 21 properties are under contract, that's 9.7% of the
total listed properties.
Elburn has closed 96 properties so far this year, down from last year where we
had 136 properties
closed by this timeframe. The market throughout the Chicago Metropolitan Area
has been slow
for no true reason except Media Hype. The Media has greatly caused the scarcity
of buyers,
with continued focus on the mortgage scare, number of foreclosures and whatever
weak story they can come up with for that day.
Well people, stop watching the news and start
Looking & Buying homes.
It's a Buyer's Market. This is a GREAT Time to Buy.
There are plenty of homes to choose from with great potential to
negotiate a great purchae price.
Many homes are selling well below
appraised value and Interest rates, just over 6% for a 30 Year Fixed.
That a Great Rate! If your planning to purchase a home, now is the time to buy.
For Elburn's 5 Year Real Estate Market Trend &
Performance Report,
CLICK HERE.
For a fee computerized market analysis
of your home
without speaking to an agent,
CLICK HERE.
Information is taken from the Multiple Listing Service of
Northern Illinois in order to generate these reports.
2007 Closed Properties Reports as of October 2, 2007
As of October 2,
2007, 96 properties have closed with an average sale price of $347,075
As of May 21, 2007, 39
Elburn properties have closed with an average sale price of $356,912
As of April 14, 2007, 27
Elburn properties have closed this year with an average sale price of
$327,357
As of March 8, 2007, 20
Elburn properties had closed this year with an average sale price of
$331,382
As of
February 16, 2007, 16 Elburn properties had
closed this year with an average sale price of
$328,500
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