Morning Radar – Median Home Prices in DuPage County Illinois

DuPage county single family home prices fell 6.0% in February 2012 when compared to February 2011.  In February 2011 the Median  home price was $238,900. The 2012 Median price was $224,613.  Attached homes fell 5.9%.  Last year February median prices were $114,250 and February 2012 was $107,480.

It is still a great time to own a home.  What are you waiting for? What goes down will go up.  Prices will one day go up and you’ll wish you’d purchased a home. Call me today!  Let’s begin the process of buying a home. Median Home Prices February 2010, 2011, 2012

New Year Resolutions, Do You Have One? Can You Keep it?

Ok, 2011 has come and gone.  We are in a new year.  It’s time to move forward into a new year. If you didn’t succeed at your 2011 Resolutions let it go.  Many make new year resolutions. Some of the resolutions have already failed. It’s only January.  What can you do to get on track in 2012

If you are good at sticking to a resolution, good for you. Keep up the good work and tell us what you do to stay on track.  If you are among the rest of us that start but just can’t stick to the plan I have good news for you! You can achieve your goals, dreams and resolutions.

You don’t need a New Year Resolution to reach your goals.  Creating a plan may be just what you need to get on track.  Whether it’s buying a new home, exercising consistently or just getting out of debt you can do it!

Where do you begin? Let’s make a plan:

  • 1st write down when you want to achieve this goal (resolution)
  • How will you achieve it? If you want to exercise what days and times will you exercise (same time and days will help with your success).  If you want to save money to buy a home open a savings account and put in a specific amount of money there each time you get paid. (if you need a specific down payment how long will it take you to save it? (3 months, a year or maybe 2 years) Whatever the time frame stick to it and don’t spend the money on anything else.
  • Don’t look at the commitment. Take each day one day at a time.
  • Find a good friend that will help keep you accountable.  Accountability is the key to reaching your goals and even a New Years Resolution!

Remember you can reach your dreams, goals and resolutions.  If you need help let me know.  I’ll help you plan to buy a home, pay off your debt and yes, I can help you with an exercise schedule.

Have a question about Real Estate? Ask me on Facebook or Twitter

That’s right!  I am answering your Real Estate questions every Thursday on facebook or twitter from 6:30pm – 7:30pm.  Follow me on facebook and twitter today to get the most recent real estate news.

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How Long Will You Wait To Sell Your Home?

Are you thinking about selling your home?  Is your home currently on the market? If your home is on the market for sale are buyers knocking down your door to buy the house?  If you answered NO to buyers knocking down your door, guess what? Your house is overpriced.   So what should you do?

First, An immediate price change is in order.  If you don’t have buyers asking if others are looking at your property,  it’s not price correctly!  The price must be compelling to get buyers motivated.

Don’t wait to get it sold!!!!  If it’s not priced correctly call your Realtor NOW!  Get it priced right and get it sold today.  Otherwise, you are wasting your time and losing money.  Request that your agent tell you the truth.

Months’ of Housing Supply in Northern Illinois 8/22/2011 to 9/22/2011.  There are 44852 single family homes and 25258 attached homes available for sale and only 4448 single family and 2155 attached homes that sold form 8/22 to 9/22.  What does this mean?  It tells us that your house could sit on the market 10.62 months before it sells.

It’s time to wake up to a different reality. If you really want to get your home sold you must make some hard decisions.  Ask me your questions today.

Northern Illinois DuPage County and the Real Estate Market

Whether we want to believe it or not, homes are continuing to sell in DuPage County.  Home sales are not what they were several year ago but individuals and families are continuing to purchase homes in DuPage County.  In June of 2011 there were 943 listed homes that sold with an average sales price of $293,788 and a median sales price of $223,900.  These homes include single family homes and attached homes.

In June of 2010 the average sales price for a single family home was $368,417 and the average sales price for an attached home was $165,504.  There were a total of 1063 properties that sold in June 2010.  Comparing June 2011 to last years sales the sales prices for single family homes were $360,896 only an $8000 difference with an actual decrease of  2%.  On the other hand, when you compare the attached homes to last years sales in June the gap is much larger.   The average sales price for attached homes came to $138,066 a decrease of 16.58% from last years prices.

If you are on the fence about buying consider jumping off.  Now is a great time to own a home.  Don’t wait! Don’t over spend and be a part of the American Dream today!  If your home hasn’t sold it’s probably the price so talk to your real estate agent and get that price down where you can increase buyer traffic and hopefully receive an offer on that home.

Need an agent? Contact me today.

Data from the MLS in Northern Illinois.

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Understanding Real Estate Representation

Are you considering purchasing or selling a home?  Have you ever considered real estate agent representation?  If you have, maybe you should?  Real estate agents are trained to assist you in your home sale or home purchase.  We are here to help you find a home then assist you with your purchase through closing.  For more information and to read more click

Don’t wait! A Shortsale may be the best option.

If you need to sell, SELL.  Don’t wait for the market to come back.  While you wait your home could depreciate more.  In addition, you may lose your right to forgiveness of the debt.  This special tax relief actually applies to anyone who has forgiven mortgage debt during the tax years 2007 through 2012.   But starting in 2013, this tax break goes away.  Whatch the Suze Orman video.

Shortsales are here to stay.  If you must sell consider the shortsale.