The numbers for attached homes in Naperville over the last 12 weeks have some positives in them: Units For Sale dropped 10% while units Sold climbed 17%. Obviously the decrease in inventory and increased sales bodes well for those who have their condos or townhomes on the market.
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90-day stats for Condo properties in NAPERVILLE, IL as of March 5, 2010 | |||
|---|---|---|---|
| Median List Price | $190,227 | Average List Price | $232,435 |
| Total Inventory | 507 | Price per Square Foot | $147 |
| Average Home Size | 1,280 | Median Lot Size | n/a |
| Average # Beds | 2.14 | Average # Baths | 2.01 |
| Homes Absorbed | 19 | Newly Listed | 19 |
| Days on Market | 258 | Average Age | 19 |
From a dollar perspective, prices for units Sold and Under Contract are down sharply -14% and -15% respectively. Some of this average decline in median prices could just be variations in the what units have sold (lower priced units vs higher priced units) and the seasonal nature of the market, but some may also be reflective of a continued resetting of prices.
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