Shorewood Home Sales Up; Prices Continue Slide
Average price of Shorewood homes sold in January off 7.2 percent compared to January 2012.
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The 12 detached, single-family homes sold in Shorewood during January represented a 20 percent increase over January 2012, when 10 homes were sold, according to the Mainstreet Organization of Realtors (MORe).
The number of sales represents a downward trend for the Shorewood housing market, which saw 15 homes sold during December.
The median price of homes sold in January was also down, at $210,000 in January 2013 compared to $226,250 in January 2012.
The market for detached, single-family homes in suburbs throughout Kendall and Will counties saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Oswego saw the largest percent increase, with 100 percent more homes sold year over year in January. There 26 homes sold that month in 2013 and 13 in 2012.
Joliet was the only suburb in the sample to see a decline. There were 63 homes sold in January 2013, a fall of 7.4 percent from 2012.
Overall across the Chicago suburbs, sales of single-family detached homes rose 37.5 percent in January over the same month in 2012, according to MORe.
MORe predicts February will be another month of local housing market growth, as the number of detached homes under contract in January 2013 was 60 percent higher than in January 2012.
“I am encouraged to see yet another month of double-digit growth in sales volume in January,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “The opportunity available in today’s marketplace is almost unprecedented. Fasten your seatbelts because this promises to be an outstanding year for the Chicago area housing market.”
| # of homes sold | Median price | |||||
| Town | January 2013 | January 2012 | % change | January 2013 | January 2012 | % change |
| BOLINGBROOK | 41 | 34 | 20.6% |
150,000 |
141,000 |
6.4% |
| CHANNAHON | 7 | 6 | 16.7% |
229,900 |
222,000 |
3.6% |
| JOLIET | 63 | 68 | -7.4% |
113,950 |
81,599 |
39.7% |
| MINOOKA | 5 | 4 | 25% |
150,000 |
126,450 |
18.6% |
| MONTGOMERY | 24 | 24 | 0% |
118,950 |
134,500 |
-11.6% |
| OSWEGO | 26 | 13 | 100% |
197,500 |
230,000 |
-14.1% |
| PLAINFIELD | 57 | 54 | 5.6% |
185,000 |
159,000 |
16.4% |
| ROMEOVILLE | 29 | 19 | 52.6% |
130,000 |
137,900 |
-5.7% |
| SHOREWOOD | 12 | 10 | 20% |
210,000 |
226,250 |
-7.2% |
| YORKVILLE | 16 | 12 | 33.3% |
223,000 |
205,000 | 8.8% |
Source: Mainstreet Organization of Realtors
anonymous
2:23 pm on Monday, February 25, 2013
Lemme guess-no $ down loans to marginal buyers that get dumped on fannie and freddie by the developers and banks as soon as the contracts are signed. where have we heard this song and dance before-oh yeah-the last housing boom and bust. How can you tell when someone involved in any facet of real estate is lying? Their lips are moving.
anonymous
2:28 pm on Monday, February 25, 2013
I'm sure the price drop will be reflected in my property taxes-that's right they won't because our sacred govt employees have to get PAID no matter how much pain in the wallet the rest of us have to feel. Live it up govt employees-the salad days will soon end.