Woodridge, IL

Real Estate Market Statistics for Woodridge Illinois

05-21-08

marco amidei

view my blog
Office: (888) 326-2726

Woodridge Home Sales

Average List Price and Sale Prices by subdivision in the Woodridge area.

Single Family Homes Search Previous Sales
Subdivision	Sales	Avg. List	Avg. Sale	Ratio
Amber Lakes	2	$267,500.00	$258,500.00	96.6
Echo Point	1	$300,000.00	$262,500.00	87.5
Estates Of Woodridge	2	$324,900.00	$311,250.00	95.8
Farmingdale Village	5	$435,640.00	$414,400.00	95.1
Forest Edge	3	$276,566.67	$263,666.67	95.3
Highlands	1	$269,000.00	$259,000.00	96.3
Mending Wall	2	$318,900.00	$290,500.00	91.1
Noble Woods	1	$600,000.00	$600,000.00	100
Rosewood	2	$284,999.00	$268,450.00	94.2
Vicente	1	$399,750.00	$377,000.00	94.3
Winston Hills	5	$271,440.00	$260,200.00	95.9
Woodridge Center	5	$281,320.00	$274,000.00	97.4

Attached Homes Search Previous Sales
Subdivision	Sales	Avg. List	Avg. Sale	Ratio
Country Club	1	$79,900.00	$85,000.00	106.4
New England Village	1	$219,900.00	$207,000.00	94.1
Oak Hills	4	$135,600.00	$133,750.00	98.6
Park Lane	2	$177,200.00	$170,250.00	96.1
River Crossing	1	$130,000.00	$125,000.00	96.2
Villages Of Woodridge	4	$181,325.00	$176,075.00	97.1
Water Tower Reserve	1	$325,000.00	$305,000.00	93.8
Waterbury	4	$94,975.00	$91,750.00	96.6
Winston Hills	4	$132,650.00	$129,000.00	97.2
Woodridge Center	2	$177,950.00	$165,750.00	93.1
Woodridge Club	2	$112,500.00	$110,750.00	98.4

Search for homes sold in Woodridge. Get complete access to all homes sold in Woodridge and the surrounding areas. With experienced, local Woodridge real estate agents who know the area, we can help anyone find the house of their dreams.
Average Sale prices and List Prices for homes sold in Woodridge: Amber Lakes , Country Club , Echo Point , Estates Of Woodridge , Farmingdale Village , Forest Edge , Highlands , Mending Wall , New England Village , Noble Woods , Oak Hills , Park Lane , River Crossing , Rosewood , Vicente , Villages Of Woodridge , Water Tower Reserve , Waterbury , Winston Hills , Woodridge Center , Woodridge Club ,

0 Comments

Woodridge Real Estate - Prices are Still Climbing

03-14-08

Richard Parr,Realtor,Real Estate Agent, Elmhurst and DuPage County Real Estate

view my blog
Office: (630) 347-6278

Mobile: (630) 347-6278

Property values in Woodridge, IL are increasing. Yes, you read that right...increasing. The data covers the last 3 years and shows that although the number of homes sold is down, the values have increased. The chart below shows the decline in detached single family homes sales from 2005-2007.

Woodridge Home Sales

The data above confirms what the national media has been saying about the real estate market. It IS true, Woodridge has shown declines in the number of homes sold just like the rest of the country. As a percentage, home sales are down about 43% during this period. Where the news reports make their mistake is with the broad generalizations regarding the home prices. Below you will see what has happened to local home values over this same period of time.

Woodridge Home Prices

The average value of a home in Woodridge has gone up over each of the last two years. Prices have increased by a total of just over $29,000. In other words, properties in 2007 were worth about 9.5% more than in 2005. This information shows that although the number of homes sold is down considerably, the values of homes have increased as well!

As the national media reports the doom and gloom, the local data shows prices have been climbing. The reason is that real estate is LOCAL, not national. Each state, county, city, and neighborhood will have varying property values. Consult your DuPage County Realtor to get an accurate home valuation.

This information was obtained from the Multiple Listing Service of Northern Illinois and the Mainstreet Organization of Realtors. The data is considered to be accurate, but not guaranteed. The search included only detached single family homes.

0 Comments