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Yorkville Home Sales Flat as Chicago Area Hits Six-Year High

Yorkville's real estate market saw relatively little change last month as the bulk of the Chicago area saw a bump in year-over-year comparisons.

Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—and most of Kendall and Will counties saw a similar boost.

Yorkville had a different story, though. Home sales dipped by one in year-over-year comparisons, while the home price increased slightly, according to the Mainstreet Organization of Realtors (MORe).

Montgomery saw the greatest increase in the area, with the number of homes sold increasing 80 percent in Sept. 2012 over Sept. 2011. The average price of those homes sold, however, dropped 9.9 percent year over year.

Bolingbrook's market was the most sluggish, with the number of homes sold falling 25.9 percent in Sept. 2012 compared to Sept. 2011.

Across the Chicago area, the number of homes sold in September rose by 22 percent over Sept. 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006. 

“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”

# of homes sold Avg. price Town 2012 2011 % change 2012 2011 % change BOLINGBROOK 43 58 -25.9% 154,097 164,323 -6.2% CHANNAHON 11 8 37.5% 191,292 152,918 25.1% JOLIET 81 72 12.5% 118,383 104,932 12.8% MINOOKA 12 7 71.4% 174,666 131,771 32.6% MONTGOMERY 36 20 80% 132,759 147,391 -9.9% OSWEGO 38 24 58.3% 218,272 220,323 -0.9% PLAINFIELD 97 80 21.3% 216,388 205,550 5.3% ROMEOVILLE 27 31 -12.9% 115,627 149,890 -22.9% SHOREWOOD 14 10 40% 236,847 250,588 -5.5% YORKVILLE 24 25 -4% 192,912 185,813 3.8%

Source: Mainstreet Organization of Realtors

Steve Goldman October 17, 2012 at 01:14 PM
I was born and raised in Yorkville. I own a townhouse in Yorkville that I am currently renting out so I can purchase a single family home. I have been looking all over, including in Yorkville. Unfortunately, I personally am starting to see why home sales in Yorkville are not on the rise. TAXES!!! Nobody is moving here because the taxes make Yorkville unaffordable. They are double what you would pay in Sugar Grove, North Aurora and triple those in Plainfield to just name a few of the locations I have been eyeing. It is very disheartening as I would love to stay in the town I was born and raised, unfortunately it doesn't look like I will be able to afford to.
Julane Burdo Johnson October 17, 2012 at 02:13 PM
When we moved to Yorkville a couple months ago, taxes played a big part - for the good. We chose Yorkville for schools, community, and accessibility to everyday things like shopping. Aurora's reputation made us leery as to what areas are the "good" areas in Aurora. Plainfield was just houses upon houses and not a real sense of community. Sugar Grove is nice, but is kind of just hanging out there with not much accessibility to things (from where we were looking at houses). Then the nice communities of St. Charles, Geneva, Batavia - whoa, talk about taxes! Comparatively, $9K-10K compared to $6K-7K in Yorkville. And let's not forget about the unseen fees like school fees, extracurricular activities and gas prices. Yorkville is a good combination.
Kibitzer October 18, 2012 at 02:33 AM
I can never understand why anyone would be happy to pay thousands of dollars in taxes for any reason. We live in an old (1950) house of about 850 square feet. The taxes are absolutely idiotic for what we own. We had to take what we could get back when we bought because of family reasons. We'd moved to WI for a very short time before we had to return. If I'd had a notion of where this town, (Yorkville), was headed I'd have bought far, far away. There is nothing in Yorkville that is any kind of a draw for moving here. And I was born here in the '40s, and grew up here until moving to a nearby town in the 70s. I saw the best of Yorkville over the years. I do not consider what is happening around here to be good by any stretch of the imagination. And I make no apologies for my strongly-held opinion to anyone who thinks Yorkville is the Utopia they'd looked for!

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