Home Sales in St. Charles/Campton Hills, IL January 2015

Real estate market data for St. Charles,/Campton Hills IL provided by Leslie Ebersole of the BRIXGroup at Baird&Warner

St. Charles/Campton Hills IL Closed Sales in 2014

In St. Charles there were 714 single family homes sold in 2014 at an average closed price of $370,643. This is a decrease from the 805 units that were sold in 2013 but an increase from the 2013 average closed price $354,708.

We believe that 2013 was an unusual year. National news about housing inventory shortages fueled a buying frenzy in early 2013 and that reached into St. Charles.

The severe weather in our area in 2014 — remember the Polar Vortex — caused the start of the home buying season to delay to about April. There simply wasn’t the surge of early Spring buyers like 2013.

But buyers are still finding a significant shortage of inventory priced under $300,000. If you are a move up seller in St. Charles, now is the time to list your house and buy your next home.

In the past year the number of sales is increasing in each price category, although the higher end of $500,000+ homes has a long way to go to recover to the 2004-2008 sales rates.

Distressed Property Sales: A total of 151 of all closed sales (single family and town homes) were short sales or bank-owned foreclosures. This is only 16.7% of the total sales which shows a gradual decrease from the peak of the distressed market in 2011.

St. Charles/Campton Hills IL Market January, 2015

Single Family Homes: There are 87 single family homes under contract as of January 11, 2015 and the inventory is high. Inventory usually decreases in Winter but as this chart shows the inventory is much higher in 2014 compared to 2013.

Real Estate Market Chart by Altos Research www.altosresearch.com

Town Homes and Condos: 181 St. Charles town homes and condos closed in 2014 which is almost identical to the 185 closed sales in 2013. There are 19 units under contract as of January 21 and under 50 Active listings.

It might be a good time to list your St. Charles town home while the inventory is low.

<img src="http://charts.altosresearch.com/altos/app?s=inventory:l,&ra=c&q=a&st=IL&c=SAINT%20CHARLES&z=a&sz=a&ts=f&rt=mf,&service=chart&pai=52577180&co=0&endDate=&startDate=" alt="Real Estate Market Chart by Altos Research www.altosresearch.com"

 

If you’re thinking of buying or selling a home in 2015 please give us a call. We’ll be upfront with the numbers and help you make good decisions going forward with your life.  

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.