Wheaton, IL Short Sale Experts Release Short Sales Report for September, 2012
Team Bowers Wheaton, IL short sale realtors have compiled the following Wheaton short sale statistics and foreclosure statistics for home owners in looking to sell their home in Wheaton as a short sale and people interested in buying short sale properties in Wheaton, Illinois or buying Wheaton foreclosures.
As the title states, the reports below are for short sale and foreclosure home sales only. Traditional home sales have been removed from these statistics as they are in a higher price tier than short sales and foreclosures and are not comparable homes as it relates to pricing.
Short sales typically sell for more money than foreclosures because even though short sales require a lengthy process to complete and take months to close, they are typically in much better condition than foreclosures. Foreclosures are the lowest price tier because they are generally in much worse condition than short sales and the banks that own the properties are willing to sell them for substantially less money because they are in bad condition or the bank wants the properties off their books.
Wheaton, IL - Short Sale Homes For Sale: September, 2012
| City | Bedrooms | # of Short Sales For Sale | # of Short Sales Sold | # of Short Sales Not Sold | Median List Price | Median Sold Price | Sold - Avg Days On Market | Not Sold - Avg Days On Market |
| Wheaton | 1 | 1 | 0 | 1 | $55,000 | $0 | 0 | 107 |
| Wheaton | 2 | 39 | 7 | 32 | $92,000 | $80,200 | 92 | 253 |
| Wheaton | 3 | 40 | 2 | 38 | $164,900 | $162,000 | 129 | 252 |
| Wheaton | 4 | 23 | 4 | 19 | $285,000 | $365,000 | 282 | 287 |
| Wheaton | 5 | 8 | 1 | 7 | $385,000 | $280,000 | 228 | 198 |
| Wheaton | 6 | 2 | 0 | 2 | $259,900 | $0 | 0 | 628 |
| Wheaton | 7 | 1 | 0 | 1 | $500,000 | $0 | 0 | 42 |
Wheaton IL - Short Sale Homes For Sale: July 1 , 2012 - September 30, 2012
| City | Bedrooms | # of Short Sales For Sale | # of Short Sales Sold | # of Short Sales Not Sold | Median List Price | Median Sold Price | Sold - Avg Days On Market | Not Sold - Avg Days On Market |
| Wheaton | 1 | 3 | 2 | 1 | $41,900 | $39,900 | 130 | 107 |
| Wheaton | 2 | 52 | 14 | 38 | $84,900 | $79,000 | 92 | 252 |
| Wheaton | 3 | 57 | 14 | 43 | $159,900 | $148,000 | 126 | 243 |
| Wheaton | 4 | 31 | 9 | 22 | $285,000 | $248,000 | 241 | 274 |
| Wheaton | 5 | 12 | 3 | 9 | $385,000 | $280,000 | 435 | 263 |
| Wheaton | 6 | 2 | 0 | 2 | $259,900 | $0 | 0 | 628 |
| Wheaton | 7 | 2 | 0 | 2 | $779,900 | $0 | 0 | 94 |
Wheaton, IL - Foreclosure Homes For Sale: September, 2012
| City | Bedrooms | # of Foreclosures For Sale | # of Foreclosures Sold | # of Foreclosures Not Sold | Median List Price | Median Sold Price | Sold - Avg Days On Market | Not Sold - Avg Days On Market |
| Wheaton | 1 | 1 | 0 | 1 | $45,000 | $0 | 0 | 53 |
| Wheaton | 2 | 4 | 0 | 4 | $128,900 | $0 | 0 | 63 |
| Wheaton | 3 | 7 | 0 | 7 | $129,500 | $0 | 0 | 92 |
| Wheaton | 4 | 3 | 0 | 3 | $309,900 | $0 | 0 | 62 |
| Wheaton | 5 | 1 | 0 | 1 | $950,000 | $0 | 0 | 56 |
| Wheaton | 6 | 1 | 0 | 1 | $194,900 | $0 | 0 | 371 |
Wheaton IL - Foreclosure Homes For Sale: July 1 , 2012 - September 30, 2012
| City | Bedrooms | # of Foreclosures For Sale | # of Foreclosures Sold | # of Foreclosures Not Sold | Median List Price | Median Sold Price | Sold - Avg Days On Market | Not Sold - Avg Days On Market |
| Wheaton | 1 | 1 | 0 | 1 | $45,000 | $0 | 0 | 53 |
| Wheaton | 2 | 4 | 0 | 4 | $128,900 | $0 | 0 | 63 |
| Wheaton | 3 | 7 | 0 | 7 | $129,500 | $0 | 0 | 92 |
| Wheaton | 4 | 4 | 0 | 4 | $365,900 | $0 | 0 | 109 |
| Wheaton | 5 | 1 | 0 | 1 | $950,000 | $0 | 0 | 56 |
| Wheaton | 6 | 1 | 0 | 1 | $194,900 | $0 | 0 | 371 |
Team Bowers Realtors provide the above city-level, Wheaton short sale and foreclosure statistics because home owners facing a short sale or foreclosure are asking "How much can I sell my home for as a short sale to avoid foreclosure?" and home buyers are asking, "Are short sales and foreclosures in Wheaton still a really good deal? Is now a good time to buy?" The above statistics are interesting city-level figures and for most Wheaton home owners thinking about selling their house as a short sale or home buyers looking for deals; however, if you are really looking to avoid foreclosure or stop foreclosure in Wheaton by selling your house as a short sale or if you are ready to purchase short sales or foreclosures in Wheaton, you need much more localized statistics because the real estate markets in Wheaton vary greatly by subdivision. The banks that sell foreclosures and approve short sales know this... so should you!
Team Bowers Realtors provides localized short sale and foreclosure statistics at a subdivision level and at a bedroom count level for every subdivision in Wheaton, IL on our website at www.teambowersrealtors.com.
