Archive for the 'Market Data' Category
4 out of 10 Homes Sold were Foreclosures in First Quarter of 2009
April 14th, 2009 categories: Market Data
More striking is the percentage of pre-foreclosure and foreclosures sales for the first quarter of this year.
4 out of 10 sales in the first quarter of 2009 was a pre-foreclosure or foreclosure sale.
For every Short Sale sold there was an equal number of Bank foreclosure sold in the first quarter of 2009.
| County | # of Single Family Sales | # of Short Sales | # of Bank Foreclosures | Percent of Total |
| Cook | 3,559 | 762 | 743 | 42 % |
| Lake | 707 | 151 | 119 | 38% |
| McHenry | 340 | 89 | 51 | 41% |
| Dupage | 712 | 147 | 87 | 33% |
| Kane | 462 | 142 | 63 | 44% |
| Will | 776 | 176 | 162 | 44% |
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Growing Concern about the number of Foreclosures on the Market.
April 14th, 2009 categories: Market Data
Information comes directly from the MLS.
The number of homes in pre-foreclosure or foreclosure appears to be the focus of most people these days and for a number of reasons.
First, the shear number of homes in foreclosure is growing everyday.
In Cook County 20% of all active listings are either pre-foreclosure short sales or bank owned foreclosures.
| County | # of Active Listings | # of Short Sales | # of Bank Foreclosures | Percent of Total |
| Cook | 24,440 | 2,995 | 1,801 | 20 % |
| Lake | 6,532 | 594 | 325 | 14% |
| McHenry | 3,153 | 302 | 169 | 15% |
| Dupage | 6,175 | 565 | 293 | 14% |
| Kane | 4,265 | 473 | 245 | 17% |
| Will | 5,445 | 532 | 306 | 15% |
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Rich or Poor Makes No Difference to the Sherriff
March 13th, 2009 categories: Market Data
Information is provided by Record Information Services which has been in business for 15 years and provides marketing data for the following counties in Northern Il: Cook, Dekalb, Dupage, Kane, Kendall, Lake, Mchenry, Will and Winnebago Counties.
| Total Sheriff Sales
226 |
City South
87 |
Suburban South
85 |
# South Suburbs
40 |
Suburban North
22 |
#North Suburbs
10 |
West Suburbs
32 |
# West Suburbs
15 |
The Cook County Sherriff Sale Calendar was very busy March 12 and 13th. All area’s within Cook County are being affected but the South Side of Chicago and South Suburban Cook County accounted for almost 76% of total homes up for auction in the two days.
A total of 65 different communities have homes up for auction It seems that it does not matter if you are rich or poor because every community knows someone loosing their home to foreclosure. As is evident in the statistics.
The highest judgement amount was $3,359,234.40 and the lowest was $55,303.00
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Foreclosures Come to Three North Shore Communities
February 26th, 2009 categories: Local Markets, Market Data
The North Shore communities of Evanston, Skokie and Lincolnwood are the first suburbs north of Chicago. Each one of these communities have homes in different stages of foreclosure.
| Active Listings | Evanston | Skokie | Lincolnwood |
| Single Family Total | 289 | 312 | 113 |
| Short Sales | 33 | 48 | 10 |
| Bank Owned | 15 | 23 | 02 |
| % of Total | 17 | 23 | 09 |
| Condo Total | 520 | 276 | 34 |
| Short Sales | 31 | 37 | 02 |
| Bank Owned | 11 | 16 | 01 |
| % of Total | 08 | 19 | 11 |
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