Monday, January 14, 2013
Number of Distressed Sales lower in Thornwood than Kane County
In Kane County 49% of all residential sales occurring in 2012 were distressed sales. However, properties in Thornwood fared better than Kane county with 34.6% of all residential sales being of a distressed nature. If only single family detached homes are considered, 22.6% of the single family homes in Thornwood were distressed sales. A distressed sale is a bank owned (foreclosure), a short sale, a court or auction sale.
Inventory levels in Thornwood are significantly below the surrounding communities with Thornwood having 3.6 month of inventory of detached SF homes and Kane County having 7.9 months supply.
Check out my blog where I post monthly inventory levels for several Fox Valley communities.
Information obtained from MRED MLS and deemed reliable.
Posted by Unknown at 2:27 PM