Friday, March 30, 2012

Prospect Heights, IL 60070 - Current Housing Market

The chart shows the market activity in Prospect Heights in the last 30 days based on information from the MRED Multiple Listing Service.


There are currently 57 active listings of detached single family homes as of 03/30/2012.

The median list price is $384,900.00

Thursday, March 29, 2012

Home prices decline to 10-year low

Home prices have fallen a whopping 34.4% from the peak set in July, 2006.

The housing market started off the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.

The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets.

“Despite some positive economic signs, home prices continued to drop,” said David Blitzer, spokesman for S&P. “Eight cities — Atlanta, Chicago, Cleveland, Las Vegas, New York, Portland, Seattle and Tampa — made new lows.”

Read the entire article at CNN/Money

Deerfield, IL 60015 - Current Housing Market

The chart shows the market activity in Deerfield, Illinois in the last 30 days based on information from the MRED Multiple Listing Service.

There are currently 111 active listings of detached single family homes as of 03/29/2012. The median list price is $539,000.00

Wednesday, March 28, 2012

Housing Hype - Are we really on the road to recovery?

Can you believe all that you hear about the "Housing Recovery" Some of us wonder "What Recovery, its Housing Hype".

A slew of new housing data last week disappointed the analysts and the stock market, and all of a sudden you started to hear concern that maybe housing wasn’t exactly in a robust recovery.

From home builder sentiment to housing starts, to home builder earnings right through to sales of newly built homes, there was not one hopeful headline in any of it (except perhaps if you invest in rentals, as multi-family housing starts made more gains, but that is a contrary indicator to housing recovery).

Read the entire article at CNBC

Gilberts, IL 60136 - Current Housing Market

The chart shows the market activity in Gilberts, Illinois in the last 30 days based on information from the MRED Multiple Listing Service.

There are currently 42 active listings of detached single family homes as of 03/28/2012.

The median list price is $278,490.00

Sunday, March 25, 2012

Chicago's Norwood Park Neighborhood - Current Housing Market

The chart shows the market activity in Norwood Park in the last 30 days based on information from the MRED Multiple Listing Service.

There are currently 158 active listings of detached single family homes as of 03/25/2012.

The median list price is $284,450.00

Wednesday, March 07, 2012

This Month in Real Estate: March 2012

Clear Capital® Reports U.S. Home Prices Stable but Sliding - Fighting Increased REO


Year-over-year losses are at lowest levels since April 2011, quarterly prices virtually unchanged

Year-over-year home prices for the nation are down, with quarter-over-quarter prices remaining very stable.

All regions showed improvements in quarterly and yearly prices, while three out of four saw upticks in REO saturation.

Top 15 MSAs resilient against notably higher REO saturation, and showing higher average gains than last month.

All of the lowest performing MSAs saw quarter-over-quarter losses, but softer than in February. http://www.blogger.com/img/blank.gif

Read the complete report at Clear Capital

Tuesday, March 06, 2012

Streeterville to get a new highrise


Streeterville may be getting a new highrise and its impressive.

In February 2012 a application for a change in zoning was filed for this parcel.

435 North Park Drive will be 55 stories, 625' feet high, with 400 hotel rooms, 398 residential units and 230 parking spaces.

A community meeting will be held on Thursday, March 22 to discuss the development proposed for 435-456 North Park Drive. Sponsored by SOAR and Alderman Reilly's office, this meeting is an opportunity for residents to provide input to the developer, ask questions, etc.

For more info go to SOAR

Riverwoods, IL 60015 - Current Housing Market


The chart shows the market activity in Riverwoods in the last 30 days based on information from the MRED Multiple Listing Service.

There are currently 39 active listings of detached single family homes as of 03/06/2012.

The median list price is $775,000.00

In the last 30 days there have been 2 closed sales.

The median sales price was $455,000.00

At the current rate of absorption there are 19.50 months of unsold single family inventory in Riverwoods, IL 60105. This level of inventory is considered an over supply.