Plainfield IL homes have been selling at a steady pace!  Over 80 Plainfield IL homes have sold each month going back as far as September 2009.  Not too bad in the middle of a recession.

In the month of September, 18.8% of the 80 Plainfield IL homes for sale that closed were and 25.5% of them were short sales and 25.5% were foreclosures.  Combined the total amount of distressed home sales that took place in Plainfield were 43.3%.  Not bad when compared to some neighboring communities.

In October, the amount of short sales that closed out of the 87 single family Plainfield IL homes for sale dropped to 6.8%, while the amount of foreclosures held steady at 25.3%.  The total market share of distressed Plainfield IL homes for the month of October dropped to 32% of the total amount of sales.

November tells a similar story to the month of September, with nearly identical numbers for the percentage of Plainfield IL homes for sale that closed in the same 30 day time frame.  15.9% of the Plainfield IL homes that sold in November 2009 were short sales, while 27.2% were actual foreclosures.  The total amount of distressed Plainfield IL homes totaled 43% of all home sales for the month.

While the depreciation that is taking place all over the state as a result of the economy, it’s good to see that with every home that gets sold we are one step closer to the light at the end of the tunnel!

If you or someone you know are thinking about buying a home in Plainfield IL  or your family, or as an investment, call me at 630-673-6233.  I know the market and I will help you get the best price on your next new home purchase!

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