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The rental market all over Will county helping desperate sellers with solutions for the downturn in real estate.  It’s also providing those affected by that downturn with real options when it comes dealing with their damaged credit.

The following properties rented in Bolingbrook IL in the month of April 2009:

3 Bedroom Bolingbrook Single Family Rented Homes:

• 179 Thornhurst Rd. rented for $1,200
• 361 Kirkwood Cir. rented for $1,245
• 830 Beech Dr. rented for $1,295
• 305 Rosebud Ct. rented for $1,350
• 369 Homewood Dr. rented for $1,400
• 243 Gettysburg Dr. rented for $1,450
• 807 Metropolitan Ave. rented for $1,800
• 620 Keystone Dr. rented for $2,000

4 Bedroom Bolingbrook Single Family Rented Homes:

• 165 Galewood Dr. rented for $1,080
• 253 Whitewater Dr. rented for $1,500
• 541 Cumberland Ln. rented for $1,600
• 1469 Waterside Dr. rented for $1,700
• 196  Beaver Creek Dr. rented for $1,750
• 168 Penny Ln. rented for $1,800
• 1557 Glenside Dr. rented for $1,875
• 2154 Emily Dr. rented for $1,900
• 264 Stonegate Rd. rented for $1,900
• 536 Springwood Ln. rented for $2,250
• 1298 Riverview Ln. rented for $2,300
• 1208 Bush Blvd. rented for $2,400
• 1272 Twilight Way rented for $2,400

5 Bedroom Bolingbrook Single Family Rented Homes:

• 4 Emily Ct. rented for $1,950

If you or someone you know are looking for a rental home in Bolingbrook IL or have a property you need to find a tenant for as an alternative to selling, call me at 630-673-6233. 

If you are behind in payments you may qualify for a loan modification or short sale.  Call me to discuss your options to avoiding a foreclosure.

Julie Ferenzi | Realtor®
Bolingbrook IL Homes
630-673-6233

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The numbers are in for the Bolingbrook IL 1st quarter single family market.

There were 87 single family Bolingbrook IL homes that sold during the first quarter of 2009 from January 1st through March 31st.  42% of the homes sold were 3 bedroom homes and the 4 bedroom home market accounted for 47% of the market share.

The average sale price of a 3 bedroom home in Bolingbrook is $166,419 which is 93% of the average asking price.  93% is lower than the average list to sale price ratio of some neighboring communities like Plainfield IL where sellers of 3 bedroom family homes are getting about 95% of their asking price.

In contrast, sellers in the 4 bedroom market in Bolingbrook IL are getting about 96% of their list price which is $248,651 on average.  Even more surprising is that the 5 bedroom market is getting 98% of their average list price.  The average list time on a 5 bedroom home in Bolingbrook is only 40 days.  This tells me that 5 bedroom Bolingbrook IL homes are in fairly high demand.

One interesting thing about the Bolingbrook market is the difference the average price between 4 to 5 bedroom homes which is only 7.2%, while the difference in the average price between a 3 and 4 bedroom home is about 30%. 

The 1st Quarter Bolingbrook IL Market Report:

If you or someone you know are thinking about buying or selling a home in Bolingbrook IL, call me at 630-673-6233.

If you are behind in your mortgage payments, you may qualify for a short sale or loan modification to avoid a foreclosure.  Call me for a confidential conversation regarding foreclosure and your options.

Julie Ferenzi | Realtor®
Bolingbrook IL Homes
630-673-6233

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Many Naperville homeowners are curious about the value of their single family Naperville IL homes.  This report compares the value and volume of sales of Naperville IL homes in March of 2008 against the volume of sales and home prices of March 2009. 

The volume of home sales in Naperville IL is up approximately 1.6% in the month of March 2009 as compared to the same month last year, but there has been an average decrease in the values of Naperville IL homes of about 17%.

There has been an average decrease of about 6% in value of the home sales of single family 3 bedroom homes, while 4 bedroom home values decreased by a margin of 21%.  The surprising scenario in this report is that the value of a home in Naperville with 5 or more bedrooms actually increased by about 12% on average! 

Naperville IL homes in March of 2009 sold for 92% of their asking price, down 2% from March of 2008.  Naperville homeowners who price their homes right can expect to get about 92% of their asking price and expect to give up about 8% in seller concessions during the negotiation of the sales contract.

Market Report for Naperville IL Homes in March of 2008:

Market Report for Naperville IL Homes in March of 2009:

If you or someone you know is planning on selling a home in Naperville IL call me for a complimentary market analysis at 630-673-6233.  Subscribe to my site for more monthly market reports!

If you are behind in your payments you may qualify for a short sale or loan modification.  Contact me for a confidential consultation on your options regarding foreclosure. 

Julie Ferenzi | Realtor®
Naperville IL Homes for Sale
630-673-6233

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The following single family properties have recently closed in the Hampton Glen subdivision in Plainfield IL:

February 2009

• 1308 Bridgehampton Dr. closed on 2/25/09 for $141,000 as a short sale
  

December 2008

• 5202 Pontigo Glen Dr. closed on 12/05/08 for $193,000 as a short sale
  

October 2008

• 1409 Bridgehampton Dr. closed on 10/15/08 for $225,000
  

September 2008

• 5105 Gardiner Glen Dr. closed on 9/25/08 for $195,000 as a short sale
  

The following towhomes have recently closed in the neighborhood:

March 2009

• 5130 Freeport Ct. closed on 3/2/09 for $173,000
  
  

November 2008

• 5005 Norwalk Ct. closed on 11/24/08 for $129,000 as an REO
  
• 5110 Williston Ct. closed on 11/25/08 for $153,500
• 5102 Edgewater Ct. closed on 11/7/08 for $176,000

The Hampton Glen subdivision is located on Theodore Rd. just west of Rt. 59 near the Shorewood Wal-Mart and Family Video.  The subdivision was developed by Centex Homes starting in 2002.  There is a homeowners association for both the town house owners and the single family homes.  The town homes pay $152 monthly to the association and the annual year assessment for the single family homes is $125.

If you, or someone you know is interested in buying or selling a home in the Hampton Glen subdivision in Plainfield IL, call me at 630-673-6233.

If you are behind in your mortgage payments, call me to confidentially discuss your options regarding foreclosure.  You may qualify for a short sale or loan modification.

Julie Ferenzi | Realtor®
Plainfield IL Homes
630-673-6233

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The following single family homes have recently closed in the Lakewood on Caton subdivision in Plainfield IL:

January 2009

• 2714 Crested Butte Trl. closed on 1/16/09 for $155,000 as an REO

In addition, the following townhome and duplex homes have recently closed in the Lakewood on Caton subdivision:

September 2008

• 2801 River Bend Dr. closed on 9/29/08 for $169,750

The Lakewood on Caton subdivision is located just west of Rt. 59  on Caton Farm Rd. and was built by Lakewood Homes starting in 1998. The neighborhood features single family, town home, and duplex homes.  The neighborhood does have a $14 monthly homeowners association fee per home. 

The interesting thing about the homes built by Lakewood Homes is that basements were an upgraded feature, and there are many homes in the neighborhood that do not have basements.

The students living in Lakewood on Caton attend the following schools:

• Charles Reed Elementary
• Aux Sable Middle School
• Plainfield South High School

If you, or someone you know, is looking to buy or sell a home in the Lakewood on Caton subdivision in Plainfield IL, call me at 630-673-6233.

If you are behind in your mortage payments, call me to confidentially discuss your options to avoid a foreclosure.  You may qualify for a short sale or loan modification. 

Julie Ferenzi | Realtor®
Plainfield IL Homes
630-673-6233