Bolingbrook And Plainfield Will See Mostly Increased Property Values 2018

Dated: 01/22/2018

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It's official; the area is seeing fewer short sale and bank-owned houses for sale.

That means the comparable values of homes will be higher because there are fewer of these properties. When there is a home or two in your neighborhood that is a short sale or bank-owned, it lowers the value of the surrounding homes. Unfortunate but very true. Well, there has been a significant reduction of these homes on the market; almost back to pre-crash numbers. The trend has been ongoing and the number of short sale homes has dropped to 1/3 of what was on the market just 2 years ago.

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Short salesWhen it comes to bank-owned foreclosure homes, Bolingbrook has maintained 1/3 reduction and Plainfield has reduced this inventory to 1/4 of what it was 2 years ago.

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As a result, things are looking good for perspective home sales. If you are thinking about buying, you are encouraged to get going because this spring market is shaping up to be very hot. If you need a consultation on either side, let's talk.



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Steve Lona

Today, you don’t need a Realtor to find a home because with just a few clicks you can find countless properties to buy or even find a range of how much your home is worth. What consumers need today....

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