Monday, January 21, 2013
Nineteen homes were sold in Woodridge during December 2012, the same as in November. But that's up from 11 sold in December 2011.
The 19 detached, single-family homes sold in Woodridge during December was up big from December 2011, according to the Mainstreet Organization of Realtors (MORe). There were also 19 homes sold in Darien during November. Just 11 sold in December 2011. The market for detached, single-family homes in suburbs throughout DuPage County saw growth in December, MORe reported. MORe gets its statistics from Midwest Real Estate Data. Darien saw the largest percent increase in DuPage County, with 125 percent more homes sold year over year in December. There were 18 homes sold that month in 2011 and 8 in 2012. The median price of Woodridge homes sold in December ($179,900) was up slightly from the median price of homes sold in December 2011 ($162,500…
Wednesday, September 21, 2011
More homes were sold in Downers Grove and Woodridge in August 2011 than August 2010, but median prices dropped as much as 29 percent.
Downers Grove and Woodridge saw an increase in home sales in August 2011 compared with August 2010, but those homes sold for less. Home sales across the west and south Chicago suburbs rose 27 percent in August from August 2010. It's the second month of major gains in home sales, according to the Mainstreet Organization of REALTORS.®. Woodridge and Downers Grove saw an even better increase. Downers Grove home sales rose 69 percent, from 26 homes in August 2010 to 44 in August 2011. Woodridge homes sales rose 30 percent, from 13 homes in August 2010 to 17 in August 2011. Darien had no change. Mario Salmon, office manager for Grove Realtors in Downers Grove, said the summer was slower than the spring. "May and June…
Monday, July 11, 2011
The average sale price for Woodridge homes has dropped 15 to 22 percent, according to local realtors.
While homes and condos are selling in Woodridge, they're still selling for less. Steve Kranz of Kranz Real Estate said his agency is down one in sales from last year -- 84 in 2011, down from 85 in 2010. But pricing for those sales has dropped 15 percent, Kranz said. The average sale price last year was $289,000. This year, it's $245,700. That's a much bigger drop than what Chicagoland is experiencing as a whole, Kranz said. While fewer homes are being sold (sales are down 13.6 percent) prices have dropped only 3.4 percent. "So we're selling homes in Woodridge but getting less money for them," he said. Kranz attributes the drop to foreclosures and short sales. "That's at least a third or 40 percent of the market," he said. "Banks just …
Wednesday, March 16, 2011
Local real estate agents say it’s still very much a buyer’s market, for now.
Dan Peboontom purchased his Woodridge home on July 16, the same day his daughter was born. His family decided to move from their two-bedroom, one-bath Bolingbrook townhouse because they needed extra space for their two children. With home prices much lower than they were five years ago, Peboontom and his family were in luck. They settled on a four-bedroom, 1.5-bath home on Young Court, within walking distance from Peboontom’s job as athletic supervisor at the Woodridge Park District. The price? $230,000. It’s a home Peboontom’s family could not have afforded in the past. “A few years ago, it probably wasn’t even an option for us (to buy the house),” he said. “It wasn’t even worth looking for a home for us.” Peboontom is one of many in the …
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