.

St. Charles Home Sales Increase in November

Home prices in St. Charles during the month decreased, however.

November 2013 housing sales were up slightly in St. Charles, Ill., from a year earlier, although prices dropped, according to the Mainstreet Organization of Realtors. | Credit: Patch file
November 2013 housing sales were up slightly in St. Charles, Ill., from a year earlier, although prices dropped, according to the Mainstreet Organization of Realtors. | Credit: Patch file

The 58 single, detached homes sold in St. Charles during November 2013 represented a 5.5 percent increase from November 2012, when just 55 homes were sold, according to the Mainstreet Organization of Realtors.


Meanwhile, the median home sales price dropped in St. Charles during November. The median price decreased  2.1 percent to $283,875 from $290,000 in November 2012, according to the statistics.


Among the 59 Patch communities surveyed, the number of homes sold decreased 2.6 percent, on par with the 2.4 percent drop seen across the estimated 200 Chicago suburbs MORe tracks. The median sales price of homes sold in Patch communities increased 5 percent from November 2012 to 2013. MORe reports that the number of homes under contract to close in 2014 actually increased 12.5 percent.


“We should continue to see a very solid housing market in 2014,” said Michael Parent, president of MORe and Vice President of Operations for Burnet Title’s Chicago Region. “The gradual, sustainable increase of home prices in the Chicago suburban market is an especially positive trend. Rising values will allow more people to regain equity in their homes, helping to increase inventory, cut down on the number of future distressed properties and get the market moving. It’s truly a win for everyone — both buyers and sellers.”


Top Performers

  • Largest percentage increase in homes sold: Channahon (233 percent)

  • Largest percentage increase in median sales price: Forest Park (90.7 percent)

  • Most homes sold in November 2013: Naperville (95)

  • Highest median sales price in November 2013: Hinsdale ($902,000)


Let Patch save you time. Our free newsletter can be delivered to your inbox. Fast signup here. Then like us on Facebook and follow us on Twitter at @StCharlsILPatch

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something