Vernon Hills Real Estate Housing Market Report for August of 2010
By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
The good news for Vernon Hills Real Estate is we have seen a slight increase in sales in the past few months. We have also seen a slight increase in prices. Vernon Hills Homes sales are down 3.8% from this time last year. While Vernon Hills Townhomes and Condos sales are up 25.3%. Median sales prices are up 1.3% for detached homes and up 5.3% for attached homes. We would see a larger increase in numbers but these numbers are a result of the short sales and foreclosures available in almost all the market areas. There are still an abundance of these properties as well as 'shadow properties', properties that are behind 60 days or more in mortgage payments.
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