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Shorewood Home Sales Up; Prices Continue Slide

Average price of Shorewood homes sold in January off 7.2 percent compared to January 2012.

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 February 25, 2013 at 08:23 PM
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 February 25, 2013 at 08:28 PM
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.

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