What Does The Real Estate Market in Oswego, IL Look Like As of August 2011?

By
Real Estate Broker/Owner with Heart Realty Group, Inc.. IL-471.002355

If you live in town or are thinking of moving here, what follows is a quick overview of single family homes in Oswego, IL!

Oswego Water Tower

Currently we have 257 Active listings in the Single Family category.  We have 118 attached homes (condos/duplex/townhomes). 

In the single family category we had 31 homes sold in August, 2011 with 11 in pending status. In August of 2010 we closed 28 homes in single family, so we are ahead by 3.  In August 2010 year-to-date there were 196 homes sold.  In 2011 our year to date is 207 with 72 distressed as of August 31, 2011 so we are ahead again without the homeowner credit incentive.

Oswego Sunset

In the month of August - attached family closings were only 7 with 4 in pending status. Compared to August, 2010 when there were 14 homes sold. in 2010. The YTD on August 31 was 93 sold to date.  Currently in 2011 the year-to-date for attached homes is at 73 with 38 distressed - down from 2010 totals.

So, homes are selling in Oswegoland despite all the bad media news.  Prices are slightly lower but in single family homes we are ahead of 2010.  Good news for those that are selling.  We only 34.78 of those homes that are either a short sale or a foreclosure so like most areas in IL we have people that have lost their homes due to the economy.

So if you are thinking of moving to our area give me a call.  If you are lucky enough to already live here and are thinking of moving up or have decided to leave the area allow me to give you a market analysis of your subdivision  so you can make an informed decision on what your pricing options are.

Posted by

Evelyn Santiago

Managing Broker - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

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Topic:
ActiveRain Community
Location:
Illinois Kendall County Oswego
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HyperLocal Neighborhood and Community Posts
Posts to Localism
Tags:
market activity august 2011
moving to oswego
selling homes in oswego
homes for sale in oswego il
real estate in oswego il

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Evelyn Santiago, Managing Broker

We Are Passionate About Real Estate
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