Real Estate
Lisle Home Sales Up 57 Percent From Last Year As Area Hits 6-Year High
Lisle's real estate market was looking brighter in September as the bulk of the Chicago area saw a bump in year-over-year comparisons.
Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—but it was a mixed bag if you were trying to sell property in DuPage County.
Lisle had the greatest leap in home sales, with a 57.1 percent increase in Sept. 2012 over Sept. 2011, according to the Mainstreet Organization of Realtors (MORe). The average sales price dropped, however, by 13.9 percent.
The number of homes sold dropped in Burr Ridge, Darien, Downers Grove, Glen Ellyn and Hinsdale in September 2012 compared to September 2011, according to the Mainstreet Organization of Realtors (MORe).
Find out what's happening in Lislefor free with the latest updates from Patch.
Burr Ridge saw the number of homes sold fall by 37.5 percent, the greatest in the DuPage sample. However, it also had the smallest number of transactions with five homes sold in Sept. 2012 and eight homes sold in Sept. 2011. The average sale price also dropped in Burr Ridge, falling 19.8 percent year over year.
The report was rosier for Elmhurst, Lisle, Naperville and Woodridge, all of which saw the number of homes sold increase by double-digit percentages, according to MORe.
Find out what's happening in Lislefor free with the latest updates from Patch.
Across the Chicago area, the number of homes sold in September rose by 22 percent over Sept. 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006.
“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”
Avg. price Town 2012 2011 % change 2012 2011 % change Burr Ridge 5 8 -37.5%
568,600
708,785
339,785
267,250
27.1% Downers Grove 27 33 -18.2%330,607
318,459
3.8% Elmhurst 41 36 13.9%374,256
402,136
-6.9% Glen Ellyn 27 29 -6.9313,543
432,250
-27.5% Hinsdale 16 24 -33.3%752,131
848,484
307,250
356,992
-13.9% Naperville 123 94 30.9%420,784
400,323
5.1% Wheaton 47 43 9.3%339,542
345,968
-1.9% Woodridge 20 14 42.9%243,871
213,946
14%Source: Mainstreet Organization of Realtors
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