Cal City is bordered by Burnham to the north; Hammond, Indiana to the east, Lansing to the south and South Holland to the west.
As of January 30, 2008 there are 428 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 13.95 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply.
The condo/townhouse market had 41 sales, down from the 64 properties that sold in 2006. Sales prices saw a decrease with the average 2007 sales price at $94,256.00, compared to $101,849.00 in 2006. Marketing times were an average of 112 days on the market, up over the 2006 average of 82 days.
If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.
Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.
Citywide Services provides residential appraisal service in Calumet City, Il. 60409. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. When you need to find an appraiser in Cook County contact Citywide 1-800-405-9718http://www.appraisercitywide.com/