The Naperville Real Estate Voice - Local Real Estate News and More...: April 2009

Market Report for Naperville 60565

 

In March 2009 there were 9 Detached Single Family Homes that sold in Naperville 60565, an increase of 2 units compared to February 2009. 

The Average sale price of the 9 that sold was $336,644.

In March 2008, 6 units sold with an Average sale price of $349,048.

The Average price per square foot in March 2009 for the homes that sold in the 300,000-550,000 range was $144 per sf.

The Average days on the market for homes that sold in Naperville 60565 was 142 compared to 94 days in March 2008.

The following charts give an overview of the Market Activity for the past 365 days in Naperville 60565.

Naperville 60565 - Closed Sales

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Naperville 60565 - Average Sold Price

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Naperville 60565 - Average Sold Days on the Market

 

 

 

 

 

 

 

 

 

 

 

 

 

Disclaimer: The data is based on information gathered from the MLS of Northern Illinois which is believed to be accurate but not guaranteed.

 

Search Available Homes in Naperville 60565

 

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenvinlle, Wheaton, Woodridge or other surrounding areas.

 

Market Report for Naperville 60564

 

In March 2009 there were 29 Detached Single Family Homes that sold in Naperville 60564, an increase of 12 units compared to February 2009. 

Of the 29 that sold; the Average sale price was $429,190.

In March 2008, 30 units sold with an Average sale price of $467,195.

The Average price per square foot in March 2009 for the homes that sold in the 300,000-550,000 range was $143 per sf.

The Average days on the market for the homes that sold in Naperville 60564 was 97 compared to 86 days in March 2008.

The following charts give an overview of the Market Activity for the past 365 days in Naperville 60564.

Naperville 60564 - Closed Sales

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Naperville 60564 - Average Sold Price

 

 

 

 

 

 

 

 

 

 

 

 

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Naperville 60564 - Average Sold Days on the Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disclaimer: The data is based on information gathered from the MLS of Northern Illinois which is believed to be accurate but not guaranteed.

 

Search Available Homes in Naperville 60564

 

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenvinlle, Wheaton, Woodridge or other surrounding areas.

 

 

Market Report for Naperville 60563

 

In March 2009 there were 12 Detached Single Family Homes that sold in Naperville 60563, an increase of 8 units compared to February 2009. 

Of the 12 that sold; the Average sale price was $395,958.

In March 2008, 10 units sold with an Average sale price of $468,600.

The Average price per square foot in March 2009 for the homes that sold in the 300,000-550,000 range was $159 per sf.

The Average days on the market for the homes that sold in Naperville 60563 was 143 compared to 56 days in March 2008.

The following charts give an overview of the Market Activity for the past 365 days in Naperville 60563.

Naperville 60563 - Closed Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Naperville 60563 - Average Sold Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Naperville 60563 - Average Sold Days on the Market

 

 

 

 

 

 

 

 

 

 

 

 

 

Disclaimer: The data is based on information gathered from the MLS of Northern Illinois which is believed to be accurate but not guaranteed.

 

Pricing a home correctly in today's market is critical for Naperville's 60563 Home-Sellers. Having an experienced real estate agent by your side who understands the importance of pricing and online exposure will lead to a successful sale.

Search Homes Available in Naperville 60563

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenvinlle, Wheaton, Woodridge or other surrounding areas.

 

Market Report for Naperville 60540

 

In March 2009 there were 15 Detached Single Family Homes that sold in Naperville 60540, an increase of 6 units compared to February 2009. 

Of the 15 that sold; the Average sale price was $438,800.

In March 2008 the same amount of units sold with an Average sale price of $462,367.

The Average price per square foot in March 2009 for the homes that sold in the 375,000-605,000 range was $165 per sf.

The Average days on the market for the homes that sold in Naperville 60540 was 111 compared to 73 days in March 2008.

The following charts give an overview of the Market Activity for the past 365 days in Naperville 60540.

Naperville 60540 - Closed Sales

 

 

 

 

 

 

 

 

 

 

 

 

Naperville 60540 - Average Sold Price

 

 

 

 

 

 

 

 

 

 

 

 

 

Naperville 60540 - Average Days on Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pricing a home correctly in today's market is critical for Naperville's Home-Sellers. Having an experienced real estate agent by your side who understands the importance of pricing and online exposure will lead to a successful sale.

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenvinlle, Wheaton, Woodridge or other surrounding areas.

Pricing your Naperville home correctly is so important now more than ever.

Let's imagine you are shopping for a pair of shoes. You have a shoe in mind and go to the mall, (I'll say Nordstrom in my case)...when you arrive all the red shoes - the ones you had in mind - are priced the same. So how do you choose? Do you buy based on price? Do you buy based on style?

 

Today, real estate Home-Buyers have an abundance of Naperville homes to choose from. There are Naperville homes on the market that are in different price ranges and ones that are in various conditions. So how does a Naperville Home-Seller price their home correctly in today's market in order for their home to sell? 

When pricing your Naperville home there are a few things to consider.

~ Sold Comparables-  Naperville homes that have sold in the past 6 months will determine market value. In some areas of Naperville these can be homes that are the same model as your home and in other areas of Naperville they have the same similar features but are not the same model. 

~ Pending Comparables- Give an indication of where the price trend in Naperville is heading.

~ Active Listings - These homes are your competition, your price should reflect how your home compares to your competition.

~ Condition- Now that you have looked at the Sold, Pending and Active comparables you can then make the determination of whether or not your home needs improvement or if your Naperville home just needs to be staged in order if it to stand out from the other homes.

Pricing your Naperville home correctly from day one is critical because it is during the first two weeks that your home is exposed to the largest pool of buyers. Correct pricing will lead to a successful sale.

 

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Maria Mastrolonardo is a Realtor Associatewith RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenville, Wheaton, Woodridge or other surrounding areas.

 

When driving through Downtown Naperville, you can't help but notice the beautiful murals painted on the side of historical buildings. A picture of Naperville's history.

 

 

Within their paint strokes the artists tell the story of Naperville's history. The story of how Naperville was founded in 1831 by Joe Naper and that it is the oldest city in DuPage County.

 

The murals seem to come to life as we follow the story of the development of Naperville. The settlement of the first families that started the businesses, which then lead to the growth of the rail.

 

 

 

 

 

I enjoy hearing stories from true Napervillians - (people that have lived in Naperville for generations), they tell how Naperville once was. They tell stories of how their house was surrounded by corn fields because anything past 75th street was nothing but corn fields. How Downtown Naperville's anchor was a grocery store that has since been replaced with modern stores.

 

The pictures and stories are reminders of how far Naperville has come, and that within the old and new still lies the history of Naperville.

 

 

 

 

 

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Maria Mastrolonardo is a Realtor Associatewith RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenville, Wheaton, Woodridge or other surrounding areas.

Preparation can be the difference between a successful home sale and an unsuccessful home sale.

Ever wonder why some homes sell quickly, while others sit on the market for quite a while? What is it that makes one home more appealing to a buyer, while another is not.

Knowledge is power and being armed with the right information before putting your home on the market will make all the difference.

I have gathered tips from the top professionals in the field that share their experience of what it takes to have a successful home sale.

 

 

1. Choosing the Right Agent

Choosing the right agent is key in a successful home sale, find out how to make the right choice.

5 Steps in Choosing a Realtor to Sell Your Property by The Somer Team

What Constitutes a Great Realtor®? by Sally Cheeseman

 

 

 

 

 

2. Price

Price is so important, especially in our current market.

Contrary to popular opinion, the listing agent does NOT determine the market price! by Jason Crouch

Selling Your Home Does Not Have To Be A Mystery! by Bill Gassett

 

3. Condition

A Tale of 2 Stages by Craig Schiller

Saving Money on Home Renovations is Easier Than You Think by Margaret Woda

Which Way Does Your Crack Run... by Michael Thornton

 

4. Marketing

Having an online presence is key.

Attention Scottsdale Sellers: Your Home Goes Here! by Paul Slaybaugh

 

5. Working as a Team

How Inaccurate Home Disclosures Can Come Back to Bite You by Lisa Heindel

The Magic Formula for a Smooth Transaction by Sally Cheeseman

I hope you have enjoyed reading these tips as much as I have. The advice will lead you to a successful home sale.

 

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenville, Wheaton, Woodridge or other surrounding areas.

Fannie Mae has updated the requirements regarding the time period in which a borrower can become eligible for a mortgage loan. The requirements favor Short Sales.

 

The change in the guidelines is very important as Fannie Mae guarantees and owns a large portion of mortgage loans on the secondary market. Fannie Mae and Freddie Mac combined own more than one-half of all loans in the United States.

The following is an brief overview of the Fannie Mae guidelines:

Bankruptcy (All except chapter 13) - 4 year time period from either the dismissal or discharge date of the bankruptcy action.

Bankruptcy/Chapter 13 - 2 years from the discharge date or 4 years from the dismissal date.

Foreclosure - 5-7 years following completion date, minimum 10% down, 680 credit score.

Deed-in-lieu of Foreclosure - 4-7 years following completion date, minimum 10% down.

Preforeclosure/Short Sale - 2 year time period from completion date.

The guideline clearly shows the advantage for a homeowner to short sale their home rather than letting it go to foreclosure.

Source : https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenville, Wheaton, Woodridge or other surrounding areas.

        

Now that you have decided to sell your home, there are a few things you can do to make your home more appealing to buyers in today's market. Look at your home through the eyes of a buyer, highlight its strengths, focus on its features and bring out its best.

1.  Order a pre-sale inspection - A qualified home inspector will be able to determine if your home has any trouble areas that you can address prior to listing your home for sale. Your home will stand out from others when buyer's know that an inspection has been completed.

2. Make appropiate repairs - Not any major improvements but perhaps you have been meaning to fix that small crack or repair the broken screen, now would be the perfect time to attack those small projects.

3. Neutralize your decor - a few gallons of paint is a low-cost way to polish up your home's appearance. Neutral colors suggest newness and cleanliness.

4. Un-clutter - By removing clutter you a doing one of two things. First you are getting a jump start on packing, by packing your least-used items now, you'll have less to do later and secondly removing clutter will highlight the spaciousness of your home.

5. Remove family photos - When preparing to sell your home, it's important to remove your personal items to make your house a home that future buyers can make into their own home.

6. Wash your windows and screens - This will help get more light into your home's interior.

7. Upgrade your interior lighting - Another low-cost way to give your home an updated appearance.

8. Make the bathrooms feel luxurious - Put away the old towels and personal toiletry items and add a new shower curtain, new towels, candles or potpourri.

9. Spruce up the exterior - Trim bushes so they don't block your home's features, plant flowers, repair any cracks in the driveway, upgrade your outside lighting.

10. Owner's manuals and warranties - Gather up all the manuals and warranties for your appliances and have them in one convenient place for the future buyer.

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Maria Mastrolonardo is a Realtor Associate with RE/MAX of Naperville and has been assisting home-buyers and home-sellers since 1997.  Maria can be reached at (630) 248-6077 or email: mmastrolonardo@remax.net

Servicing the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenville, Wheaton, Woodridge or other surrounding areas.

        

 

Shopping for home decor is one of my favorite things to do. Call me crazy, but I prefer it over shopping for clothes. I find that it's very relaxing to use my creative side to decorate a room or two, taking the picture that I have in my head and having it come to life.

 

One of my favorite places to shop for home decor is Kirkland's. Located in Naperville, it's easy to run over and see if they have anything new that will add a little something or change the look of a room. I always seem to find something, do to the fact that they have a wide selection of accessories at affordable prices.

 

So if you're anything like me that gets tired of a look (I think it has a lot to do with being a Realtor and the fact that I'm always looking at different homes and getting different ideas) it takes away the guilt of having spent a lot.

 

They have decor for every taste, you'll find accents for, Asian zen, Traditional, Warm contemporary and garden accessories as well.

 

So if you ever have the opportunity, stop by, you might find something...

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Thanks for reading my Naperville Illinois Real Estate Blog!

Maria Mastrolonardo, Realtor(R)

RE/MAX of Naperville

Cell: (630) 248-6077

Web: Naperville Area Home Search

eMail: mmastrolonardo@remax.net

I service the towns of: Naperville, Aurora, Lisle, Plainfield, Bolingbrook, Warrenville, Wheaton, Woodridge or other surrounding areas.