Realtor | Short Sale Expert | Plainfield, Naperville, Bolingbrook, Joliet, Aurora, Romeoville

Over the last 5 years there have been some very dramatic changes in the landscape of Plainfield IL real estate. Most notably home values. The following statistics will tell the story of how our home values have decreased nearly steadily over the last 5 years from 2007 until 2012.

2012
Total homes closed: 1,106
Average sale price: $214,519 (sold at 92% of original asking price)
Average market time: 122 days

2011
Total homes closed: 912
Average sale price: $217,481 (sold at 90% of original asking price)
Average market time: 156 days

2010
Total homes closed: 823
Average sale price: $236,395 (sold at 89% of original asking price)
Average market time: 161 days

2009
Total homes closed: 903
Average sale price: $235,883 (sold at 89% of original asking price)
Average market time: 171 days

2008
Total homes closed: 876
Average sale price: $273,186 (sold at 91% of original asking price)
Average market time: 171 days

2007
Total homes closed: 1065
Average sale price: $302,401 (sold at 95% of original asking price)
Average market time: 140 days

Comparisons from the “peak” of 2007 to the “burn” of 2012:

There has been a 4% increase in the volume of single family residential sales
We have experienced a 30% decrease in home values
There is has been a 13% decrease in market times
4% decrease in the final asking price from the original list price.

While some blips of good news are obvious, it seems our market is still struggling in terms of market values. No matter what progress we have made in other areas… PRICE is always front and center in the minds of both buyers and sellers!

If you want to know what your property is worth or have an interest in selling your home, I’d love to meet with you to discuss your home selling options. Call me at 630-673-6233 to find out what your home is worth.

Julie Ferenzi | Realtor
Real People Realty, Inc
630-673-6233

In November 2012, 92 detached single family homes and 33 attached single family homes closed in Plainfield IL, which is a 57% increase in detached home sales and a 40% increase in attached home sales from November 2011.

While the average price of a single family home increased by 8% from the same time last year, the attached single family properties also increased by 5% from the same November snapshot from 2011.  The average sale price of a single family home in Plainfield in November 2012 was $212,630  up from $195,239 the year before.  The average sale price of an attached property in Nov. 2012 was $123,676 up from $117,497.

There has also been a decrease in the market times as well.  The average market time to sell a single family home in 2011 was 131 days, while the time was cut down to 94 days in 2012 a decrease of about 29%.  The average market time for an attached property in 2011 was a whopping 270 days, down to 140 days in 2012, a noticeable decrease of 48%.

I’m hoping our days of seeing our property values decline are behind us.  Next month I will be doing a year end comparison, which will paint a much better picture of where we were and where we are headed.  It would be tough to see prices fall much further below where we’ve seen them go.  Hopefully this is a positive trend that will continue in the year to come!

Last summer the Village of Plainfield made renovations to the The Village Green, adding a great splash pad to the downtown area.  This year we held my sons 3rd birthday party there at the picnic shelter and grilled out over the charcoal grill.  The total cost for residents is $50 plus a refundable $100 retainer that gets returned if the shelter is properly cleaned and the charcoal is properly disposed of.

Basically we had a party for an unlimited amount of kids at a free splash pad with a park  and cooked all of our own food on the charcoal grill for $50.

We grilled lemon pepper chicken and hot dogs, with pasta salad, Jell-O Jigglers, and a cooler filled with cold water.  We also had a HUGE 5 gallon Igloo cooler filled with ice cold Cherry Kool-Aid that was DRAINED by the end of the party!

This is the birthday boy… my THREE year old Leo!

This little guy LOVED opening his presents!  I love this kid.

AND here is my awesome father in law, Sal grilling for me while I got the rest of the party organized:

If you are thinking of a special event for the summer, consider having it at The Village Green in Plainfield.  You can fill out the paperwork at the Park District office on Ottawa St. in Plainfield.  It literally took 5 minutes to reserve the shelter for the evening.  Alcohol is not allowed on the grounds, but it’s a great location for a get together or a summer birthday party!

I can’t tell you how much I love living here in Plainfield.  It’s such a great town with so much to offer.

I have been mostly focusing on the business side of things for the last few years, but I have decided to SHOW you why you would love to live here too!  If you, or someone you know, are thinking about buying or selling a home in Plainfield, IL, I would LOVE to help you with your move!  Please call me at 630-673-6233.

Julie Ferenzi | Realtor
Plainfied IL Short Sale Specialist | Plainfield IL Homes for Sale
630-673-6233

I the last 6 months 14 single family homes have sold in the combined neighborhood of Clearwater Springs and Aspen Falls in Plainfield, IL.  Of those 14 homes 6 sold as Plainfield IL short sales, and 1 as a bank foreclosure.  50% of the homes sold in this neighborhood have been distressed sales.

The good news is that more homeowners are opting for short sales instead of letting the foreclosure process play out.  The amount of abandoned homes in the neighborhood seems to be on the decline while more homes have been listed for sale.  The benefit of having a home sell through a short sale vs. letting the bank reclaim the property through foreclosure is that the time that a home sits vacant is substantially less versus letting it go through the judicial process in Illinois to become a bank owned REO.  There are also many benefits to the homeowners who have to get out from under their mortgages after missing payments due to hardship and/or loss of income.

The following properties closed in Clearwater Springs and Aspen Falls in the first half of 2012:

• 2411 Twin Fountain Ct closed at $129,900 (S)
• 2813 Sierra Ave.  closed at $147,000.  ($13,000 higher than asking price!)
• 2404 Twin Fountain Ct. closed at $148,500 (S)
• 2619 Cedar Breaks Ct. closed at $158,000 (S)
• 2704 Mirage Ave. closed at $158,000
• 2716 Arches Dr. closed at $165,000 (S)
• 2919 Twin Falls Dr. closed at $170,000 (S)
• 2801 Discovery Dr. closed at $173,000 (F)
• 6900 Sahara Dr. closed at $197,700
• 7007 Waterway Ct. closed at $212,000
• 2507 Falls Ct. closed at $220,000

If you or someone you know is looking to buy or sell a home in the Clearwater Springs or Aspen Falls neighborhood, please let them know I am a neighborhood specialist in this community.  I also specialize in short sales working with both buyers and sellers in the Plainfield IL area.  Please call me directly at 630-673-6233.

Julie Ferenzi  | Realtor®
Plainfield IL Short Sale Specialist
Plainfield IL Homes for Sale
630-673-6233

The following homes closed in the Wesmere subdivision in the last 4 months:

• 5757 Emerald Pointe Dr. closed at $126,000 (F)
• 2020 Arbor Falls Dr. closed at $139,000 (F)
• 1902 Long Ridge Ct. closed at $140,000 (S)
• 5608 Arbor Gate Dr. closed at $140,000 (S)
• 1808 Whispering Oaks Ct. closed at $149,900
• 2007 Briar Ridge Ct. closed at $155,000
• 1627 Tall Oaks Dr. closed at $160,000 (F)
• 5606 Arbor Gate Dr. closed at $181,000 (S)
• 1715 Hidden Oaks Ct. closed at $183,000 (S)
• 1700 Heritage Pointe Ct. closed at $190,000

If you’d like to know more about Wesmere or the Plainfield area, please call me at 630-673-6233.  I love helping buyers and sellers accomplish their real estate needs.  I specialize in short sale, and residential real estate in Plainfield IL.

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233