Hinsdale Central High School District Distressed Home Sales Significantly Better Than National Average

Distressed single family home sales in the Hinsdale Central High School real estate submarket totaled 42 units or 11.9% of total units sold in the 12 month period from May 2009 to 2010 according to MLS data for the area. The average sale price of foreclosed homes was $734,119 and the median value was $699,000 while short sales (distressed sales in pre-foreclosure) averaged $911,287 and the median value of these was $722,500. The total value of distressed sales in the submarket was $26,357,510 or 8.22% of the total homes sales value of $320,772,885 for the period. The percentage of distressed sales in the United States housing market has been estimated at 29% by first American CoreLogic and for Chicago they have estimated about 34%.