Saturday, November 30, 2013

This Month in Real Estate November 2013


Park Ridge, IL 60068 - Current Housing Market

Citywide Services performed a recent appraisal in Park Ridge, IL 60068 and found some positive signs about the real estate market.

Median sales price for One-Unit Housing is up +4.5% over the prior year according to MRED MLS statistics.

Marketing time is down -8.4% and averages 134 days on the market.

There is currently 4.2 months of unsold inventory at current levels of absorption. This is a small oversupply.

Bank Owned Foreclosures & Short Sales accounted for approximately 21% of total sales in the last year.

One-Unit Housing sold for 92.4% of its original listing price.

Thursday, October 31, 2013

This Month in Real Estate October 2013


Real estate prices up +3.0% in Homer Glen, IL 60491

Citywide Services performed a recent appraisal in Homer Glen, IL 60491 and found that Median sales price has increased +3.0% over the prior year according to MLS statistics.

There was a total of 247 One-Unit sales in the last 12 months. 168 were traditional arms length sales, 44 were Bank Owned and 28 were Short Sales.

According to MRED MLS statistics for the last twelve months for MLS area 500 Homer Glen the median sales price for One-Unit Housing increased +3.0%, average marketing time declined -21.4% to 177 days on the market, and there is currently a 8.7 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 30% of total sales.

Saturday, September 14, 2013

Chicago's West Pullman neighborhood 60628 - Current Housing Market

Citywide Services performed a real estate appraisal  in Chicago's West Pullman neighborhood this week and found the following indicators of the current housing market.

According to MRED MLS statistics for the last twelve months for MLS area 8053 West Pullman, the median sales price for One-Unit Housing decreased -3.0%, average marketing time declined -7.1% to 116 days on the market, and there is currently a 9.8 month supply of inventory. This level is an over supply.  REO & Short Sales were approximately 81% of total sales in the last twelve months. This distressed inventory places significant downward pressure on prices.

The chart shows the market activity for One-Unit Housing in the last 30 days based on information from the MRED Multiple Listing Service.

Wednesday, September 11, 2013

Tuesday, September 10, 2013

Cityscape Chicago

This is pretty wild a great video of Chicago described as "Cityscape Chicago is a personal timelapse piece consisting of over 30,000 still photographs shot on the Canon 5D Mark III incrementally between July and October 2012 around downtown Chicago, Illinois." Check it out!

Friday, September 06, 2013

Chicago Real Estate Appraisers 312-479-5344

This Month in Real Estate September 2013

Real estate prices are up nationally due to the low interest rates, check out This Month in Real Estate for the numbers and seller tips

Prices for condo's on Chicago's Near North Side are up +14%

Map of Chicago's Near North Side neighborhood
In a recent appraisal for a condominium on Chicago's Near North Side Citywide Services noted prices were up over the last year.

According to MRED MLS statistics for the last twelve months for MLS area 8008 Near North Side, the median sales price for Condominium Housing increased +14.6%, average marketing time declined -36.8% to 106 days on the market, and there is currently a 3.8 month supply of inventory. This level is considered in balance.  REO & Short Sales were approximately 12% of total sales in the last twelve months.

Wednesday, September 04, 2013

Elmwood Park, IL 60707 - Current Housing Market

Real estate appraisals Elmwood Park, IL 60707 312-479-5344



Citywide Services performed a recent appraisal in Elmwood Park, IL 60707 and found some positive signs about the real estate market.

The good news is that sales volume is up +38.6% and median sales price is up +4.7% over the prior year according to MLS statistics.

The bad news is the market is oversupplied with 5.7 months of available inventory and Bank Owned Foreclosures & Short Sales accounted for approximately 54% of total sales.

Tuesday, September 03, 2013

What’s the Safest Neighborhood in Chicago?

 The September 2013 edition of Chicago Magazine has an article on the safest neighborhoods in Chicago.

The safest are: Edison Park, Forest Glen, Mount Greenwood, Norwood Park and Dunning

"Chicago’s rough streets get all the press. Where do you find the least crime in the city? It’s not in the richest part of town—just the place the most police live."

"What these five places do have in common: Lots of cops (and other civil servants, including firefighters) live there. The Sun-Times reported that, in 2005, the last year City Hall released the ZIP codes of city workers, 71 percent of police officers lived on the Northwest and Southwest Sides. The ZIP code that includes Mount Greenwood, for instance, was home to 1,418 sworn officers."


















Inverness, IL 60010 Current Housing Market

Citywide Services performed a recent appraisal in Inverness, IL 60010 and found that Median sales price is down -10.0% over the prior year according to MLS statistics.

There was a total of 125 One-Unit sales in the last 12 months. 100 were traditional arms length sales, 9 were Bank Owned and 16 were Short Sales.

According to MRED MLS statistics for the last twelve months for MLS area 7167 Inverness the median sales price for One-Unit Housing decreased -10.0%, average marketing time declined -29.9% to 189 days on the market, and there is currently a 7.7 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 24% of total sales.

Monday, September 02, 2013

Maywood, IL 60153 Current Housing Market


Foreclosure's are up +18.5% over the prior year in Maywood, IL 60153.

According to MRED MLS statistics for the last twelve months the median sales price for One-Unit Housing decreased -2.4%, average marketing time declined -1.2% to 152 days on the market, and there is currently a 7.8 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 84% of total sales.

Lincolnwood, Il 60712 Real Estate Market

Real estate appraisals in Lincolnwood, Il 60712



These are current statistics from the MRED Multiple Listing Service for Lincolnwood, Illinois 60712


The median sales price increased +4.8% in the last 12 months
Real estate appraisals in Lincolnwood, Il 60712
The level of unsold inventory is down -46.0% over the prior 12 months.

There is currently a 6.5 month supply of unsold inventory.

A 3-4 month supply of inventory is considered "In Balance", this level is considered a "Oversupply"
Real estate appraisals in Lincolnwood, Il 60712
Marketing Time has declined -21.2% to 137 days on the market





Bank Owned properties and Short Sales account for approximately 33% of total sales




Overall the market is showing positive signs over the prior 12 months
Real estate appraisals in Lincolnwood, Il 60712