49 % of homes sold in Kane county in 2012 were distressed sales. 6546 residential properties sold in 2012 according to MRED MLS and of these 3216 were distressed sales. A distressed property is a short sale, foreclosure, auction or court ordered sale.
2013 enters with a slight increase in housing inventory in the suburban Chicago
Excellence in a school district is a major component in making your housing choice.
The Fox Valley continues to achieve noteworthy recognition for academic achievement. A recent example of this is the following list of school districts in the western suburbs that have achieved recognition by the AP college board as having increases in access to AP level courses and/or maintained or improved the rate at which students achieved a “3″ or higher on an AP exam.
Batavia district #101
Central district #301
Geneva district #304
Kaneland district #302
St. Charles district #303
Only 539 public school district in the US made the AP honor roll. Congratulations!
The wonderful communities in the Fox Valley have received national attention once again as a great place to raise a family.
Read the article here:
Geneva is the best place in IL to raise children according to Bloomberg Business Week.
Then come back and search for your dream home in this wonderful community. Search for homes in Geneva by clicking HERE
41% decrease in the year over year Kane County housing inventory levels.
With the exception of St. Charles, the Fox Valley area continues to see a very slight decrease in the housing inventory levels.
The market continues to steadily absorb the current level of housing inventory in the far western suburbs of Chicago. Is this indicative of a bottom in our real estate market? or just evidence that summer is the busy buying season here in Illinois?
According to the stats from Illinois Association of Realtors (IAR) the median home price for Kane County has declined 8.4% while the number of SF units sold increased from by 18.3% (July year over year).
The average home price for Kane County declined 14.5% .
So here in Kane county we are seeing an increase in the number of units sold while prices are still declining. More units are moving at the lower prices.