Aurora, IL

Aurora is a fast growing city that continues to reinvent itself. With an estimated population of over 166,000, Aurora occupies about 38 square miles. Aurora consists of a wide variety of housing opportunities. With, single family homes, townhomes, condos, duplexes, and rentals. The median sales price is $233,000 (2007) for single family homes. With all the negativity from the media we hear, Aurora has been resilient with a slight decrease of 1.9% in home sales price from 2006 to 2007. Aurora continues to be a good value for your real estate dollars. Visit Business Pages Online and find Pasadena Accountant, Los Angeles Vegan Restaurants, Naperville Painting and Naperville Remodeling Contractors. Nicknamed the “City of Lights”, Aurora was the first in the US to use electric lights for publicly lighting the entire city. The city is accessible from major highways in the area. Corporate offices and commercial growth on the city’s east and west sides continue to expand the city’s boundaries. Visit my Aurora Real Estate page and view Aurora homes, townhomes and condos for Sale.

Hello Area Home Shoppers! As the weather improves and the sun once again makes an appearance, often the local Housing Market gets re-energized. For those who are looking to BUY or SELL in the coming weeks, take a look at the latest numbers you need to know located just below. Extracted directly from the MLS of Northern Illinois, this data can be an effective tool for BUYERS looking to make an offer on a home, as well as SELLERS who are considering entering the market place.

Unfortunately, throughout Kane County and the surrounding areas of Kendall, DuPage and Will Counties, Foreclosures are on the rise. It's unfortunate, however to a savvy BUYER, purchasing a Foreclosure can represent a tremendous opportunity to purchase a home in a desireable neighborhood that otherwise may be out of reach.

Mortgage rates (click for latest rates) continue to stay near all time lows, which combined with a sustained high level of residual inventory, makes for a great situation that BUYERS haven't seen for over 10 years! If you're considering BUYING or SELLING, the time is now - don't wait to any longer.

Source of Data - MLSNI 3/13/2008 - data for 12 month period - Aurora, Illinois

If you would like more information on what exactly these numbers can mean for you and your situation, just call (630) 452-1648 anytime or send me an email at Joseph.Graham@coldwellbanker.com and I'll be happy to lend a hand.

You may also like to get an idea of what you could expect to NET from your home sale in today's market. If you'd like to take advantage of my FREE Over-The-Net Home Evaluation Tool, just Click Here.

Remember to visit my Website 24 hours a day!

A little about living in Aurora

Aurora really is a terrific city to live in, and may be one of the most diverse cities in the area – economically and socially. The home prices in Aurora range from under $100-thousand to over $1 million and can be purchased in new master planned communities and in historic communities alike.

With approximately 160,000 residents, Aurora is the second largest city in Illinois and is somehow able to maintain the feel of a town only a fraction its population.

Real Estate in Aurora

According to the local MLS—January07/January08. Fewer homes were introduced to the market for sale in January 2008 (429) over last year (529), while fewer homes under contract in went down 34% from a year ago.

In recent weeks, consumers appear to be reacting to the continued low 30-year mortgage rates. Lenders are reporting higher numbers of pre-approvals, and sellers are seeing a much needed boost in showings.

The median sale price of a single family home in January 2007 was $191,838 while in January 2008 was $179,450—a decrease of 6.46%.

In Jaunuary 2007 138 single family homes were sold in Aurora, where only 104 homes were sold in January 2008, a decrease in sales of over –24% in one year.

To receive a FREE Over-the-net Market Analysis of your Aurora area home, visit FreeAuroraHomeValues.Com

Mortgage Rates

Interest rates are remaining near all time lows at 5.75%. With low rates and higher than normal residual inventory, buyers are getting the message that the time to buy is now.

Additional real estate buying and selling tips & tricks as well as local school reports are available at http://www.yourwisemove.com . Please stop in frequently for market updates and plenty of great real estate information sure to help in your next move.

Pass this along to friends who may be interested!

A little about living in Aurora

Aurora really is a terrific city to live in, and may be one of the most diverse cities in the area – economically and socially. The home prices in Aurora range from under $100-thousand to over $1 million and can be purchased in new master planned communities and in historic communities alike.

With approximately 160,000 residents, Aurora is the second largest city in Illinois and is somehow able to maintain the feel of a town only a fraction its population.

Real Estate in Aurora

Housing values in Aurora have faired well despite the media onslaught. According to the Multiple Listing Service of Northern Illinois, the median sale price of single family homes in December 2006 was $187,750 and in December 2007 the median prices dropped only slightly to $187,400. However, the number of single family homes sold was a different story. In December 2006 140 single family homes were sold in Aurora, where only 62 homes were sold in December 2007, a decrease in sales of over -55% in one year.

Interest rates are remaining near all time lows and higher than normal residual inventory, buyers are getting the message that the time to buy is now.

I’ve added local market information for the Aurora area to my website – http://www.thejoegrahamgroup.com . Please stop in frequently for market updates and plenty of great real estate information sure to help in your next move.

Pass this along to friends who may be interested!

If you are looking to buy in Aurora or the surrounding areas, please call me at 630-341-1545 or visit http://www.lanitacates.com/. Whether you are a first-time buyer or a seasoned homeowner, I'd love to work with you. You don't pay me to help you buy a home so whether you buy next month or next year, I'd love to hear from you!