Location, location, location. Let’s drill down into the St Charles market and look at supply and demand.
Conventional wisdom needs to change this year when it comes to the buying and selling real estate.
Foreclosures are falling as home prices rise The number of bank-owned properties on the market has dropped 31.1% year-over-year. Illinois is right in line with a 29.7% decrease in foreclosures. Does this have a correlation with rising home prices?
Home sellers seeing higher prices as availability remains low The Chicagoland real estate market has been seeing declining inventory since the start of the year. Currently, there is a 4.1 month supply of housing. Anything between 3-6 months would be considered stable and we’re right at the low end of that.
Curious about home prices in St Charles? The following video sums up the St Charles IL real estate market in under a minute.
Real Estate Indicators for the Fox Valley Market Thanks to continuing high employment rates and low mortgage rates, the Fox Valley has enjoyed a comfortable pace this year. Market acceleration has been dampened though due to a decline in housing inventory. Unfortunately, there’s not much indication this inventory shortage will resolve itself in the near future.
Curious about home prices in Naperville? The following video sums up the Naperville IL real estate market in under a minute.
Curious about home prices in Geneva? The following video sums up the Geneva IL real estate market in under a minute.
School has begun and summer is coming to an end. This typically brings a slowdown to the local real estate market. St Charles, however, still has home buyers and the seller inventory to meet demand.
Current Geneva IL Real Estate Market Update Geneva IL real estate is starting to stabilize and promise good things for both home buyers and sellers.
Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market.
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.
Glen Ellyn Home Prices On The Rise Home prices throughout Glen Ellyn are up over last year. Some neighborhoods fare better than others. Here’s a quick peek at some popular areas in town.
The building boom has begun again in Elgin All across Elgin we can hear the hammers and saws…
Foreclosures in Wheaton IL While distressed sales are down over much of the Chicago suburbs, there are still some great bargains out there to be had on these bank owned homes.
Not Enough Homes For Sale in These Batavia Neighborhoods The winter months did NOT slow down homebuyers in Batavia, IL! Sales have been brisk and now certain subdivisions are running out of inventory. Home sellers in Batavia need to get their home on the market now to take advantage!
Top 3 Luxury Homes For Sale in Bartlett, Illinois There are 286 homes for sale in Bartlett, IL right now. Ranging in price from $64,900 all the way up to $950,000 there’s a wide variety to suit any home buyer. Let’s take a look at the high end of the Bartlett real estate market. READ […]
Price Appreciation = Good News For Homeowners If you’re one of the many Americans who are unsure how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2016! We can help you evaluate your situation and assist you along the way! READ […]
If you live in one of these Fox Valley neighborhoods, you should sell! As we’ve been blogging about for the last several months, conditions are favorable in many Fox Valley neighborhoods to sell your home right now. Buyers are plentiful and housing inventory is low making for a perfect sellers market.
Thanks, Punxsutawney Phil! This spring is shaping up to be the busiest housing market we’ve seen since 2006. Now, thanks to America’s favorite rodent, we can predict that this year’s strong spring housing market will start sooner than normal. READ MORE
Time is Right to Sell Your West Chicago IL Condo Housing inventory across Kane and Dupage counties is down. Home buyers, however, are still out in force. READ MORE
It’s a Seller’s Market in Lincoln Square Home buyers are closing deals in Lincoln Square as there have been 4 closings in just the last three month! With only 2 active homes for sale, inventory will run out in a little over a month. What’s this mean to you? It means if you’ve been thinking […]
It’s a Seller’s Market in Windmill Cove, Batavia Do you own a home in Batavia’s Windmill Cove neighborhood? We’re seeing some big upside potential for home sellers in this area.
Most Expensive Homes Sold in Geneva IL in 2015 Over 540 homes sold this year in Geneva. We saw plenty of vacant land, condos, townhomes and single family homes of all price ranges. However, we all like to peek into the world of extravagance. So without further adieu, here are the Top 10 Most Expensive Homes Sold in Geneva in […]
Most Expensive Homes Sold in St Charles IL in 2015 Over 1,000 homes sold this year in St Charles. We saw plenty of vacant land, condos, townhomes and single family homes of all price ranges. However, we all like to peek into the world of extravagance. So without further adieu, here are the Top 10 Most Expensive […]
Market Update: North Aurora IL 2000+ Sq Ft Homes Homes over 2000 Sq Ft in North Aurora account for 77% of active listings. In the last 6 months, 54% of homes sold in North Aurora were over 2,000 square feet. Let’s take a look at this specific portion of the real estate market.
Real Estate Update: Charlemagne, St Charles Illinois Homes for sale in Charlemagne of St Charles, Illinois are slowing down as we enter the winter season. No surprise there, but with buyers still searching this neighborhood it may be a great time to sell. Let’s take a closer look… READ MORE
Townhomes in South Elgin IL Market Trends Things are looking up for owners of townhomes in South Elgin IL! We’ve put together an overview of real estate market trends and all signs are pointing to now being the best time to sell. READ MORE
Market Conditions in Prestbury Sugar Grove IL The Prestbury Sugar Grove IL real estate market has been quite active this past year. We’ve put together an overview of home sales, prices and conditions for your neighborhood. READ MORE
Thinking of selling your Braeburn home? Now is the time… If you own a home in the Braeburn subdivision of Batavia, NOW is the time to sell! Real estate trends in your neighborhood have never been more favorable and the chances of a quick, successful sale are high.
Conditions Are Ripe For A Home Sale in the Cambridge Subdivision of St Charles If you own a home in the Cambridge subdivision of St Charles, NOW is the time to sell! Real estate trends in your neighborhood have never been more favorable and the chances of a quick, successful sale are high.
Woodland Hills Housing Market Update Homeowners in the Woodland Hills subdivision of Batavia, Illinois have a lot to be happy about! The opportunity for a successful home sale is highly likely right now as current housing statistics are very favorable.
Real Estate Wisdom in the Unlikeliest of Places Real estate wisdom can be found in the unlikeliest of places. Perhaps on the couch, on an unseasonably brisk autumn night, with the lights dimmed and a movie on TV. A scary movie, actually. Yep, that’s right. Stephen King is our real estate spirit guide. Don’t believe […]
Slam Dunk or Foul? Michael Jordan is no quitter, even when it comes to selling his home. So although the NBA legend’s mansion in Highland Park, IL, has been languishing on the market since 2012, he’s back with a bold—and, some say, risky—new game plan. Jordan’s new home-selling strategy? A series of six Hollywood-style videos […]
Real Estate Market Update for Geneva, Illinois Okay, we’re two-thirds of the way through the year. Time to start grading the real estate market by looking at some housing stats. Today we’re taking a look at the real estate market in Geneva, IL. The data for this report was compiled from our local MLS on […]
Real Estate Market Update for St Charles, IL
The Kombrink Lobrillo Team in St Charles Ranks 96th in Nation!
People often ask whether they should buy a home now or wait. Recently released data suggests that waiting may not make sense as prices seem to again be on the rise. Let’s take a look at some of the data and commentary on the subject:
The National Association of Realtors (NAR) recently released the results of theirExisting Home Sales Report. Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% from March.
In the months of December 2014 through February 2015, there was an increase in the number of first-time buyers making a down payment of 6% or less as compared to last year: 2014: 61% of first time home buyers 2015: 66% of first time home buyers
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
With all that data Google collects on its users and what we’re searching for, is it possible they could forecast the future? Google as a modern day Nostradamus?
We’ve all heard of the law of supply and demand. Rare things cost more, an overabundance causes prices to drop. The St Charles housing market is still in that sweet spot where demand outweighs supply, making it a great time to sell!
Chicago Agent Magazine unveiled a great infographic today detailing new home sales in the Chicagoland area. Did you know Kane County ranks #2 for the most new home sales?
Despite the doom and gloom reported in the media, the signs are out there. Step away from the national headlines and talk to your local real estate professional. Real estate is back!
Last month saw a 62% increase in the number of attached homes (condos & townhouses) for sale in the tri-cities of St Charles, Geneva and Batavia Illinois. This could be a signal of increased sales in the months to come.
Key real estate indicators point to a healthy real estate market in St Charles, Illinois.
There have been several headlines recently stating that home prices are falling. Well friends, that’s not true. The fact is, home appreciation is slowing down compared to last year.
Good news for home sellers in the Fox Valley, not so good news for home buyers. According to recent figures from the National Association of Realtors, distressed property sales are down. In fact, they’re dropping like a rock. The chart above shows national figures. How are things in our local market?
According to four major entities, mortgage rates are expected to rise through 2015. But how much will they rise?
Existing home sales dropped in November, just like they do every winter. Don’t be fooled by headlines about a real estate slow down, or a collapsing market. That’s just not true. The drop in sales this winter isn’t anywhere close to the drop last year. In fact, this season is on track to be one of the […]
The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment.
With the year quickly winding down, let’s look back and see how local real estate markets performed in the Fox Valley. When we set out to write this post, the idea was just to rank cities in the Fox Valley by the number of closed sales. We soon realized however, that doesn’t really provide much […]
Despite the gloom and doom reported in the media…the signs are out there. Step away from the headlines and talk to your local real estate professional. Real Estate is Back! Over the last few years, existing home sales are up overall. Of course they fluctuate month-to-month and seasonally. New home construction is also on the […]
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-6%). Every other category showed a minimum increase of at least 9.7%.
Even with the fall real estate market upon us, there are still families out there trying to move on. If you haven’t already read our 4 More Reasons to Sell Now, the 218 homes on the market in Batavia shows the market is still strong. So where are the bulk of homes on the market in Batavia? […]
In a recent video update on the housing market, Frank Nothaft, Freddie Mac’s chief economist, stated that with both mortgage interest rates and home prices projected to increase in 2015 buying now makes sense.
13 New Homes Came on the Market in Geneva IL Last Week At the time of this article, there were 13 new homes on the market in Geneva, IL. Despite what you may be hearing, now is an excellent time to sell your home! Savvy home buyers are still out looking and with the cold weather, […]
New Homes on The Market This Week in St Charles With home prices on the rise, and interest rates expected to be on the uptick, home buyers are out in force and trying to find something while they can. Savvy home sellers know that now is still an excellent time to put a home on […]
3809 Grand View Ct, St Charles IL [AERIAL VIDEO] We’ve noticed Realtors are taking to the skies and having aerial videos shot of homes they have for sale, typically the pricier estates. So of course we wanted to try it out. We hired a company called As Seen Above out of Mokena, IL. They appear […]