HINSDALE’S average listing prices for the week ending Aug. 6, according to stats compiled by Trulia:
1 bedroom: $144,993
2 bedrooms: $409,370
3 bedrooms: $590,682
4 bedrooms: $1,169,311
The average listing price for all homes was: $1,216,034
The average sales price for all homes from May to July was $934,223, which is an average square foot price of $582; and 56 homes were sold during that period, according to Trulia.
Tags: average sales price, DuPage County, Hinsdale, Illinois, list price, square foot price
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The current average value of a Hinsdale home is $789,321 compared to a national average of $260,559, according to stats compiled by ESRI, the geographic information system and mapping software company.
Tags: DuPage County, Hinsdale, homes, Illinois
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HINSDALE’S average listing prices for the week ending July 30, according to stats compiled by Trulia:
1 bedroom: $125,647
2 bedrooms: $399,142
3 bedrooms: $585,273
4 bedrooms: $1,182,680
The average listing price for all homes was: $1,227,635
The average sales price for all homes from May to July was $934,223, which is an average square foot price of $582; and 56 homes were sold during that period, according to Trulia.
Tags: average list price, DuPage County, Hinsdale, Illinois, square foot price
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HINSDALE’S average listing prices for the week ending July 23, according to stats compiled by Trulia:
1 bedroom: $114,900
2 bedrooms: $410,773
3 bedrooms: $582,000
4 bedrooms: $1,175,574
The average listing price for all homes was: $1,229,002
The average sales price for all homes from May to July was $934,223, which is an average square foot price of $582; and 56 homes were sold during that period, according to Trulia.
Tags: average list price, DuPage County, Hinsdale, Illinois, square foot price
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The latest forecast from the National Association of Realtors is predicting a recovery in sales of existing-home sales during the second half of the year.
NAR President Richard F. Gaylord said the current market offers immediate benefits and long-term value for many buyers. “Home buyers are getting a great deal right now,” he said. “Although inflationary expectations appear to be under control for the time being, sharper consumer price gains could lead to notably higher mortgage interest rates in 2009.”
Based on current indicators, the 30-year fixed-rate mortgage is forecast to rise gradually to 6.5 percent by the end of this year, and then hold at that level for most of next year.
Tags: home sales
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Home sales in Illinois were up in June over May, according to the latest report from the Illinois Association REALTORS. Low consumer confidence and a troubled economy, however, continue to strain the overall housing market, the report found.
Total home sales (including single-family homes and condominiums) were up 3.6 percent in June to 11,643 sales compared to May’s 11,243 sales. Year-over-year sales were down 27 percent from June 2007’s 15,945 sales. Illinois’ June median price was $200,000, down 6.1 percent from $213,000 in June 2007.
“There continues to be large local market variations statewide,” said Kay Wirth, president of the Illinois Association of REALTORS. “Economic factors have weighed heavily on home sales activity in Illinois this summer. Low consumer confidence, higher gas and good prices, plus turmoil in the financial markets and a tighter credit market have kept some would-be buyers on the sidelines despite the fact there are great deals to be had,”
The REALTORS’ group also reported that the monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central region was 6.38 percent in June 2008, up 0.34 points from the 6.04 average rate the previous month. Those stats are according to the Federal Home Loan Mortgage Corp. Last June the rate averaged 6.69 percent.
Tags: home sales, Illinois, mortgage, price
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Hinsdale average listing prices for the week ending July 9, according to stats compiled by Trulia:
1 bedroom: $114,900
2 bedrooms: $403,445
3 bedrooms: $591,155
4 bedrooms: $1,160,637
The average sales price for all homes from April to June was $993,856, which is an average square foot price of $513; and 59 homes were sold during that period, according to Trulia.
Tags: average sales price, DuPage County, Hinsdale, Illinois, list price, square foot price
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WASHINGTON, March 06, 2008 - The U.S. Department of Housing and Urban Development today published new FHA and conforming loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in February. New loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent of the HUD published median prices, with a floor of $271,050 and $417,000, respectively, not to exceed $729,750. NAR expects the impact on the housing market to be significant because of the infusion of capital into the mortgage market, which should result in lower interest rates across the board. In addition, there will be a direct impact on high-cost areas that previously required borrowers to take out costlier jumbo mortgages.
From: National Association of Realtors(NAR) site
Tags: Real Estate News
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