By: Christine Moscinski, Broker Associate & Market Expert at GOBBER GMAC REAL ESTATE, The "House Hunters" Team
Chicago, IL: May 4, 2009
Update to market conditions. As you can see from the data shown below, I have extracted data that reflects activity of sales of single family homes with 3+ bedrooms. Although the market times have not decreased, an increase of 1-2% in final sale price is shown from the month of February to March 2009.
Chicago, IL: May 4, 2009
Update to market conditions. As you can see from the data shown below, I have extracted data that reflects activity of sales of single family homes with 3+ bedrooms. Although the market times have not decreased, an increase of 1-2% in final sale price is shown from the month of February to March 2009.
I have seen recent list prices increase 1-3% in some markets including; Westchester, Downers Grove, South Berwyn and La Grange.
The market has definitely leveled off and now it’s time to get down to business. Serious Buyer’s must have a good Realtor and negotiator on their side to examine the market that they plan to buy in so as to try and negotiate a good purchase price below market value.
Again, the prime benefit of ANY home in ANY neighborhood is LOCATION, LOCATION, LOCATION and convenient access to public transportation; METRA, PACE, the EL and major highways I-88, I-290, I-294.
SOLD MARKET TREND FEBRUARY – MARCH 2009:
Data reflects increase in homes sold AND average price increases of homes sold.
More to come in my next market report!
The house deal's are out there, you just have to HUNT for them! Christine Moscinski is a Broker Associate and member of "The House Hunter's Team" at GOBBER-GMAC Real Estate in Westchester Illinois .and actively reports on local real estate markets, trends and new developments in the Chicago area and Western Suburbs.
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