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Wheaton, IL Short Sale Experts Release Short Sales Report for September, 2012

Team Bowers Wheaton, Illinois short sale Realtors release the most important statistics for short sales in Wheaton. Review Wheaton short sales for the last 3 months here.

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.

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