Foreclosures Continue to Dominate 2010 Real Estate Market.

County Total Sales Total # Foreclosure Re-Sales Total # of Short Sales Distressed Sales expressed as % of Total Sales
Cook County
2009 3559 742 762 42%
2010 1941 942 106 54%
Lake County
2009 707 119 151 38%
2010 385 160 22 47%
McHenry
2009 340 51 89 41%
2010 193 81 11 48%
Dupage County
2009 712 87 147 33%
2010   447 98  34  30% 
Will County 
2009  776  162  176  44% 
2010 363  152 28 50%

Summary of Data:

 Foreclosures continue to dominate the Real Estate Market in 2010. While there appears to be fewer sales in the first quarter of 2010 when compared to 2009, foreclosures still seem to be the preferred choice for new buyers.

  Many first time buyers are avoiding Short Sale because it takes too long to close. As a result more homes are going into foreclosure and being sold as an  Real Estate Owned (REO).

Short Sales and REO properties represent nearly 50% of all total sales during the first quarter of 2010.

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