- Off the 322 listings, 7 homes are temporarily off the market
- 35 are under contract
- 20 are short sales (8 under contract now)
- The average single family home price is $1,299,687. The median price is $995,000
- The average home has 10.6 rooms with 4 bedrooms and 3 and 1/2 bath
Looking at the last two years sales for single family homes in Hinsdale, we can see that while the number of units being sold returned to the rate being sold in August 2007, the average and median prices (both right around $800k) are still dramatically lower than the average price of $1.6mm at the same time in 2007. While we are looking at a month with an extremely skewed average price – its still pretty amazing to see the average price change by 100%.
So is this a good time to buy? There will be another round of foreclosures coming due by the end of the year and so we shall see another drop in the market. The soft market will put pressure on the sellers to drop prices as more foreclosures come on the market. It is a perfect time to learn the Hinsdale area and be prepared to buy. Call me @ 630-464-2633
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