Illinois-McHenry County-FOX RIVER GROVE REAL ESTATE MARKET CONDITIONS
How is the current market in Fox River Grove, IL?
Lion's Park on the Fox River, Fox River Grove, McHenry County, IL
As of this morning, per MRED MLS, for the past 3 months:
We currently have 54 Single Family homes on the market in Fox River Grove that are active, available and waiting for a buyer! Four of the available homes right now in Fox River Grove are Distressed sales, either Short Sales, REOs, Pre-Foreclosures or Foreclosures.
They have been on the market for an average of 248 days.
The average list price is $286,978.
During the past 3 months, 8 Single Family homes have successfully closed with the help of their Realtors. The lower priced homes have been selling better than the upper price range. Homes in Fox River Grove took an average of 216 days on the market to be SOLD. THE MARKET TIME FOR THE SUCCESSFULLY SOLD HOMES OVER THE PAST THREE MONTHS HAS DECREASED!
The average *original* list price of the SOLD Single Family homes in Fox River Grove was
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$332,033.
The last list price when they successfully received a buyer contract that closed was
$291,925 |
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and the average SOLD price is $274,125.
To sum it up, Single Family homes in Fox River Grove have been getting an average of 94% of their list prices (83% of their *original* list prices), with the help of their Realtors. The homes that are priced correctly for this buyer's market have a significantly better success rate in getting to the closing table.
Two of the eight homes that closed in Fox River Grove over the past three months were Distressed Sales, either Short Sales, Pre-Foreclosures, REOs and Foreclosures.
Photo taken at Venetian Night On The Fox River 2009
There are 6 waterfront homes for sale on the Fox River in Fox River Grove. The average list price of the current Fox Riverfront homes on the market is $379,800. The current available homes for sale on the Fox River have a cumulative average time on market of 137 days.
Three of the four distressed real estate homes for sale in Fox River Grove are waterfront homes on the Fox River, either short sales, pre-foreclosures, REOs and Foreclosures.
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We currently have 14 Attached homes on the market in Fox River Grove that are active and available and waiting for the right buyer!
They have been on the market for an average of 239 days. THE MARKET TIME FOR ATTACHED HOMES IN FOX RIVER GROVE HAS INCREASED. THE SINGLE FAMILY HOMES ARE MOVING BETTER THAN THE CONDOS AND TOWNHOMES.
The average list price is $114,757.
During the past 3 months, 5 Attached homes have successfully closed with the help of their Realtors in Fox River Grove. The homes took an average of 377 days on the market in Fox River Grove to be SOLD.
The average *ORIGINAL* list price of the SOLD Attached homes in Fox River Grove WAS $224,900 and the average asking price when they received an offer from a buyer that closed was $209,900.
The average SOLD price for condos and townhomes in Fox River Grove was
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$195,000.
This number is a bit skewed since there was only one attached home closed sale in the past three months in the quaint little town of Fox River Grove. Successful sellers, with the help of their Realtors, price their homes correctly for the current market.
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None of the condo or townhome real estate homes for sale or closed sales in Fox River Grove in the past three months were short sales, pre-foreclosures, REOs and Foreclosures.
So, on the average, Attached homes in Fox River Grove have been getting an average of 87% of their *original* list prices, and 93% of their asking price at the time they received a buyer that closed, with the help of their Realtors, which is GOOD news!
Information deemed accurate and reliable but not guaranteed. Source MRED MLS.
Overall, even though we are seeing some positive changes in our market, we are still experiencing a Buyer's Market for real estate in Fox River Grove and most of the surrounding areas of Northern Illinois.
It is a GREAT TIME TO BUY REAL ESTATE in McHenry County, Cook County and Lake Counties in Northern Illinois. There are fabulous homes for sale at great prices in Fox River Grove, IL *especially for first time buyers, investors and move up buyers.* Rates are great, too!
We are having a "HUGE sale" on our large inventory of VERY well priced HOMES! ;-)
If I can be of assistance to you, please do not hesitate to call or email me. It will be my pleasure! By the way, if you know of someone that could benefit from my high level of service, please call or email me with their name and daytime phone number and I will make sure to follow up and take great care of them. My business keeps growing from your referrals.
My Direct Number at the Office is 847.516.6760
All Photos are the Property of Debra Kukulski, All Rights Reserved. Photos may not be used or reproduced in any way without express written permission from Debra Kukulski.
