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June real estate numbers strong for Lisle, local expert says 'sell'

Published: Tuesday, Aug. 12, 2014 7:05 p.m. CDT

LISLE – Home sales and prices are on the rise in Lisle, according to data provided by the Mainstreet Organization of Realtors.

In June 2014, 28 single family homes were sold in the village, compared to 24 houses sold during the same month one year earlier, indicating a 16.7 percent growth, the data stated.

The median home sale price increased 12.3 percent year over year, from $365,030 in June 2013 to $410,000 in June 2014, according to the organization. The average sale price in that time frame dropped 1.6 percent, from $401,419 to $395,070.

“Rates are good,” said Sales Production Manager Brian Ernst of RE/MAX Action in Lisle. “The nice homes are going very quickly.”

According to Ernst, the data, which he specified is a small sample, reflects the residual effect of the spring market, when house hunters are likely to buy. He estimates the numbers for July will be even higher.

“Now is the time to think about selling,” Ernst said, adding the market is the best it's been for sellers in five years.

Home sales in neighboring Downers Grove decreased from 62 homes in June 2013 to 52 homes one year later, the data stated. Median sale prices rose 4.6 percent, from $306,500 to $320,500. The average sale price, which was $353,350 in June 2013, increased to $399,921 a year after that, a 13.2 percent spike.

Naperville home sales dropped 6.9 percent year over year, from 232 in June 2013 to 216 in June 2014, according to the organization. Median sale prices decreased 2 percent, from $432,950 to $424,500, and average prices fell from $454,354 to $453,925, or .1 percent.

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