Thursday, December 31, 2015

Single-family home prices are rising in Schiller Park, IL 60176



Schiller Park Illinois is located adjacent to the O'Hare airport in suburban Cook County. According to the census population is approximately 12,000. With the exception of airplane noise Schiller Park is a nice place to live.

The village offers some excellent linkages with easy access to Interstate 294, the Kennedy Expressway and the NW. Toll Rd. There is easy access to the CTA Blue Line in nearby Rosemont and Metro trains in nearby Franklin Park.

Real estate appraiser Michael Walsh recently performed a single-family appraisal and shares his market analysis in this video.

Wednesday, December 23, 2015

Single-family housing prices are fluctuating in Dolton Illinois



Single-family housing prices are fluctuating, prices are overall down since 2013, the market is oversupplied and distressed home sales are over 50% of total sales real estate appraiser Michael Walsh shares his market analysis on Dolton Illinois in this video

Monday, December 21, 2015

The market for attached homes and condominiums in Woodridge Illinois is looking good



As a shortage of active listings on attached homes and condominiums in Woodridge Illinois. Median sales prices have been increasing over the last three years, with a large increase in 2015. Marketing times are down to an average of 81 days on the market. Real estate appraiser Michael Walsh shares his market analysis in this video.

Sunday, December 20, 2015

The Chicago Zoning Board of Appeals



Chicago Zoning Board of Appeals is a five-member board that was appointed by the mayor and meets monthly at City Hall to review land-use issues that pertain to the Chicago zoning ordinance title 17 of the municipal code of Chicago. These include special use applications which are an exception from current zoning regulations and zoning variations that can be a requested by a property owner to grant permission to deviate from current zoning requirements.

In this video Citywide Services appraisers discusses the appeal process and the need of an appraiser at the hearing.

Tuesday, December 08, 2015

Single-family home prices are on the rise in the Forest Glen community area of Chicago



Located on the northern edge of the city of Chicago is the community area of Forest Glen. The community area contains the neighborhoods of Edgebrook, Sauganash and Wildwood. Median sales prices had been stable for several years and in 2015 prices went up 6%.

Citywide Services just completed a single-family appraisal in Forest Glen and shares their market analysis in this video.

Thursday, October 29, 2015

Single-family home prices are increasing in Darien Illinois



Citywide Services recently performed a single-family appraisal in Darien, Illinois for a real estate tax appeal. In this video real estate appraiser Michael Walsh shares his market analysis for the 12 months ending September 2015


Monday, October 26, 2015

Single-family home prices are increasing in the village of Lake in the Hills, Illinois



Lake in the Hills is a village located in McHenry County and has a population of approximately 30,000. Real estate appraiser Michael Walsh recently completed a single-family home appraisal and shares his market analysis in this video.

Saturday, October 24, 2015

The real estate market is looking up in Lyons Illinois



The village of Lyons, Illinois is located approximately 14 miles southwest of the Chicago Loop in suburban Cook County. Citywide Services recently performed a single-family appraisal and shares their market analysis in this video

Friday, October 23, 2015

The housing market in Oak Park Illinois is back to normal



After all the ups and downs the real estate market it's great to see things that have returned to normal. Real estate appraiser Michael Walsh recently completed a single-family appraisal in Oak Park, Illinois and finds that prices have increased over the last three years, marketing times are less than three months, the level of inventory is in balance and there are few distressed sales

Wednesday, October 07, 2015

The single-family home market in Bolingbrook is looking good, but distressed sales are still a factor



Single-family home prices are increasing in the village of Bolingbrook a suburb of Chicago located approximately 30 miles southwest of the Loop. Bolingbrook is in both Will and DuPage County and has a population of approximately 73,000.

Real estate appraiser Michael Walsh recently appraised a single-family home in Bolingbrook and shares his market analysis in this video

Wednesday, September 30, 2015

Single-family home prices are increasing in Glen Ellyn, Illinois



Real estate appraiser Michael Walsh recently completed a single-family home appraisal in Glen Ellyn and finds prices increasing in the market oversupplied.

Tuesday, September 22, 2015

The real estate market is looking good in Logan Square



The Logan Square community area is a hot real estate market. The neighborhood is trendy and has many restaurants, coffee houses and bars. It has great transportation links to both downtown Chicago and O'Hare airport via the blue line. These are some of the reasons that the property market has taken off.

Chicago real estate appraiser Michael Walsh recently completed a single-family home appraisal in Logan Square and shares his market analysis in this video.

Wednesday, August 26, 2015

Single-family housing prices on the increase in Elmhurst, IL 60126



The real estate market in Elmhurst Illinois quite active, there's lots of new construction occurring on teardown's. This popular city in DuPage County has seen median price increases on single-family homes of 7.9%'s in the last 12 months. Real estate appraiser Michael Walsh recently appraised the single-family home and shares his market analysis in this video.

Sunday, August 23, 2015

Single-family home prices are in Berkeley Illinois



Berkeley is a village in Western Cook County with a population of approximately 5200. The town is predominantly detached single-family homes. Real estate appraiser Michael Walsh recently completed an appraisal in Berkeley and shares his market analysis in this video.

The median sales price for single-family homes has been increasing over the last three years and in the last 12 months the median sales price increased 4.1%. Marketing times increased and their currently hundred days on the market as an average. At the present level of absorption there are 3.8 months worth of available inventory listed on the market, this level is considered in balance and in the last year bank owned and short sales accounted for approximately 39% of total sales.

Thursday, August 20, 2015

The detached single-family home market is strong in Chicago's Lakeview neighborhood



The Lakeview community area of Chicago is a very popular place. Approximately 95,000 Chicagoans call Lakeview home. Real estate appraiser Michael Walsh recently completed a single-family home appraisal and shares his market analysis in this video.

Prices of single-family homes have been increasing over the last 36 months and last year median sales prices increased 9.3%. Right now the median sales price for single-family home is over $1.3 million.

Monday, August 10, 2015

Here is a market analysis on single-family housing the village of Chicago Ridge, IL 60415



The village of Chicago Ridge is located in Southwest Cook County and has a population of approximately 14,000. Citywide Services recently completed a single-family home appraisal and this video shows the market analysis.

The median sales price for single-family homes has been increasing for the last 36 months, and last year the median price increase 7.9%. Marketing times are normal and were 96 days on the market as an average, right now there's 4.8 months worth of available unsold inventory listed on the market this is considered imbalance, there's a large number of distressed sales last year bank owned in short sales accounted for 42% of total sales.

Sunday, August 09, 2015

Single-family home prices are increasing in Lombard, IL 60148



Citywide Services just completed a single-family appraisal in the village of Lombard Illinois, 60148. Real estate appraiser Michael Walsh shares his market analysis in this presentation and finds prices increasing, average marketing times, the supply of inventory in balance, and distress sales are approximately 17% of total sales.

Monday, August 03, 2015

Prices on the rise in the Chicago neighborhood of Garfield Ridge



Garfield Ridge is one of the 76 community areas in the city of Chicago. The neighborhood is located on the southwest side of Chicago adjacent to Midway Airport. Real estate appraiser Michael Walsh recently completed a single-family home appraisal and shares his market analysis in this video

Friday, July 31, 2015

Single-family home prices are increasing in Plano Illinois



This video shows a market analysis performed by Michael Walsh appraiser for single-family homes in the village of Plano Illinois. Median sales prices have been increasing over the last 36 months and last year the median sales price increased 4.9% over the prior 12 months. The average marketing time is 99 days on the market. Right now this for mom's worth of unsold single-family inventory on the market, this level is considered in balance, and in the last year distressed properties accounted for approximately 42% of total sales.

Thursday, July 30, 2015

An analysis of the condominium housing markets in Forest Park Illinois



Citywide Services recently performed a condominium appraisal in Forest Park, IL 60130. In this video real estate appraiser Michael Walsh shares his market analysis and finds prices increasing, low marketing times and a high level of inventory on the market.

The real estate market is in the doldrums in the Chicago neighborhood of West Englewood



Single-family housing had some good news in the West Englewood neighborhood of Chicago in the last year, the median sales price increased 18.2%. The bad news is that the median sales price is only $15,200.

There were 122 sales of detached single-family homes in West Englewood in the last 12 months. Approximately 67% of those sales were bank owned foreclosures or short sales. Marketing times are acceptable and are 114 days on the market as an average. Based on the current level of absorption, right now there's 9.7 months worth of available inventory on the market, this level is an oversupply.

Chicago appraiser Michael Walsh recently completed a single-family home appraisal in West Englewood and shares his market analysis in this video.

Monday, July 27, 2015

The real estate market is looking up in Oak Park Illinois




In this video real estate appraiser Michael Walsh takes a look at the single-family housing market in the village of Oak Park Illinois. After recently completing a single-family home appraisal he shares his market analysis and found prices increasing, short marketing times, a minimal number of distressed sales and the level of inventory that is in balance.

Thursday, July 23, 2015

Single-family housing market is stable in Lombard, IL 60148



Citywide Services recently performed the single-family home appraisal in Lombard Illinois. In this video real estate appraiser Michael Walsh shares his market analysis and considers housing prices stable, marketing times were an average of 93 days, and the supply of inventory on the market is in balance.

Sunday, July 19, 2015

Single-family home prices are looking good in the village of Lake in the Hills Illinois



The single-family home market in Lake in the Hills Illinois has been active in the last 30 days with 38 close sales, 35 more that one under contract, and 56 new listings. Real estate appraiser Michael Walsh looks at the single-family housing market and reports his findings in this video.

Thursday, July 16, 2015

Market analysis of single-family home sales in Skokie Illinois



Real estate appraiser Michael Walsh recently completed a single-family home appraisal in Skokie Illinois and shares his market analysis in this video. Single-family home prices have been increasing over the last 36 months, marketing times are still under 90 days, the level of inventory on the market is considered in balance, and the number of distressed sales has decreased.

Citywide Services performs residential real estate appraisals in Chicago and suburbs. Our appraisers are state certified. Give us a call at 312-479-5344 or visit us on the web at www.appraisercitywide.com

Saturday, July 11, 2015

Maywood Illinois current housing market

video
Michael Walsh recently completed a single-family appraisal in the village of Maywood Illinois. In this video he shows his market analysis with data current for the end of June 2015. Median prices are increasing, marketing times are increasing as well they are currently 121 days on the market as an average, inventory is oversupplied and distressed property sales account for approximately 53% of total sales.

Friday, July 10, 2015

The current real estate market in Markham Illinois 60428

video
Real estate appraiser Michael Walsh recently completed a single-family home appraisal in Markham Illinois and shares his market analysis in this video. The statistics show that the median sales price has been increasing over the past three years and last year the median price increased 42.4%. The market is heavily oversupplied and distressed properties account for approximately 54% of total sales.

Wednesday, July 08, 2015

The Dana-Thomas House designed by Frank Lloyd Wright

video

Chicago appraiser Michael Walsh visits the Dana Thomas House in Springfield Illinois. This house was designed by architect Frank Loyd Wright and was constructed between 1902 in 1904

Tuesday, July 07, 2015

What do you get for your money in River Forest, IL 60305

video
This video takes a look at the housing prices in River Forest Illinois. Real estate appraiser Michael Walsh shows just what you get for your money. We look at the lowest priced home, the median priced home and the highest priced home. Check it out you may find it interesting.

Monday, July 06, 2015

This video shows a market analysis for Arlington Heights, IL


Real estate appraiser Michael Walsh recently completed a single-family home appraisal in Arlington Heights Illinois. In this video he takes a look at the current market with data current for the end of June 2015.

Median sales prices in Arlington Heights have been increasing over the last three years. Last year the median sales price increased 5.7%, marketing times are down there currently 81 days on the market as an average, the level of inventory on the market is considered in balance, and the number of bank owned and distressed sales are low.

Monday, May 04, 2015

This video shows a market analysis for Brookfield, IL 60513 for the 12 months ending April 2015



Chicago appraiser Michael Walsh recently finished a single family appraisal in the Village of Brookfield, IL and shares his market analysis in this video.

According to MRED MLS statistics for the last twelve months for MLS area 513 Brookfield, the median sales price for Detached Housing increased +15.7%, average marketing time increased +9.8% to 81 days on the market, and there is currently a 3.8 month supply of inventory. This level is considered a shortage. REO & Short Sales account for approximately 25% of total sales.


Thursday, April 30, 2015

The Elmwood Park, IL 60707 Housing Market



In the last 12 months there were 191 sales of detached homes in the village of Elmwood Park, Il. So what do you get for your money, real estate appraiser Michael Walsh talks about some recent sales and shows just what you get on the low, middle and high end of the sold property range.

Tuesday, March 24, 2015

Condominium statistics for Lombard, Illinois 60148



Citywide Services recently performed a condominium appraisal in Lombard, IL 60148. In this video real estate appraiser Michael Walsh looks at the current housing numbers and finds prices increasing, marketing times down and a supply of inventory that is in balance.

Sunday, March 22, 2015

Condominium Prices in Forest Park, IL 60130



Citywide Services recently completed a condominium appraisal in Forest Park, Illinois and appraiser Michael Walsh shares his market analysis in this video.

Median sales prices declined last year by 4.3% after a large increase the previous year. Marketing times are short with an average time on the market of only 88 days. The market is oversupplied with 5.2 months of available inventory listed with the MLS. Distressed sales are still a factor in this market with approximately 33% of total sales being Bank Owned Foreclosures or Short Sales

Tuesday, March 10, 2015

One-Unit housing statistics for Elmwood Park, Il 60707



Elmwood Park appraiser Michael Walsh looks at One-Unit Housing prices in Elmwood Park, IL 60707 for February 2015 and shares his market analysis in this video.

According to MRED MLS statistics for the last twelve months for MLS area 635 Elmwood Park, the median sales price for One-Unit Housing increased +12.5%, average marketing time declined -16.2% to 98 days on the market, and there is currently a 5.6 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 31% of total sales.

Saturday, March 07, 2015

Single family home prices in Broadview, Illinois 60155 for February 2015



Real estate appraiser Michael Walsh of Citywide Services recently appraised a single family home in Broadview, Illinois 60155 and finds prices increasing and shares his market analysis in this video

Thursday, March 05, 2015

Single family housing statistics for February 2015 in Addison, IL 60101



Real estate appraiser Michael Walsh looks at single family home prices in Addison, Illinois and shares has market analysis in this video.



According to MRED MLS statistics for the last twelve months for MLS area 101 Addison, the median sales price for Detached Housing increased +5.8% average marketing time declined -14.5% to 94 days on the market, and there is currently a 5.3 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 38% of total sales.

This Month in Real Estate March 2015



National home sales and prices dipped last month and Freddie Mac reports that the national median interest rate is 3.76%

Wednesday, March 04, 2015

February 2015 market analysis for the condominium market in the Near North Side of Chicago



Chicago appraiser Michael Walsh recently appraised a condominium in the Near North Side neighborhood of Chicago and shares his February 2015 market analysis in this presentation.

 According to MRED MLS statistics for the last twelve months for MLS area 8008 Near North Side, the median sales price for Attached Housing remained stable over the last year, average marketing time increased +1.2% to 84 days on the market, and there is currently a 4.6 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 4% of total sales.

Monday, March 02, 2015

One-Unit housing prices in the Dunning community area of Chicago for February 2015



Chicago appraiser Michael Walsh completed a single family appraisal in the Dunning community area and shares his market analysis in this video

According to MRED MLS statistics for the last twelve months for MLS area 8017 Dunning, the median sales price for One-Unit Housing increased +18.1%, average marketing time declined -20.6% to 81 days on the market, and there is currently a 3.9 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 28% of total sales. Note: One-Unit Housing includes both attached and detached homes.

Saturday, February 28, 2015

West Chicago single family home statatics for January 2015



Real estate appraiser Michael Walsh recently completed a single family appraisal in West Chicago, Illinois and shares his market analysis in this video

According to MRED MLS statistics for the last twelve months for MLS area 185 West Chicago, the median sales price for detached homes increased +25.4%%, average marketing time declined -21.6% to 105 days on the market, and there is currently a 6.6 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 36% of total sales.

Wednesday, February 18, 2015

Condominium statistics for January 2015 in the Uptown community area of Chicago



Chicago appraiser Michael Walsh recently performed a condominium appraisal in the Uptown neighborhood of Chicago and shares his market analysis in this video.

 According to MRED MLS statistics for the last twelve months for MLS area 8003 Uptown, the median sales price for Attached  Housing increased +3.4%, average marketing time declined -7.6% to 85 days on the market, and there is currently a 4.9 month supply of inventory. This level is considered a oversupply. REO and Short Sales account for approximately 17% of total sales.

Monday, February 16, 2015

Attached home and condominium prices in the Near North Side neighborhood of Chicago for January 2015



Chicago appraiser Michael Walsh recently appraised a condominium in the Near North Side neighborhood of Chicago and shares his market analysis in this presentation.

 According to MRED MLS statistics for the last twelve months for MLS area 8008 Near North Side, the median sales price for Attached Housing increased +0.6%, average marketing time declined -2.4% to 83 days on the market, and there is currently a 4.6 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 4% of total sales.

http://www.appraisercitywide.com 312-479-5344 Real estate appraisals in Chicago and suburbs. Certified Appraisers. Appraisals for divorce settlements, prenuptial agreements, estate settlement, bankruptcy, property tax appeals, bail bonds, for sale by owner, Citywide Services performs residential real estate appraisals in Chicago & Suburbs

Near North Side Chicago Appraiser 312 479 5344
http://youtu.be/mAKOx0AQKf8

Saturday, February 14, 2015

Condominium statistics for January 2015 in the Logan Square community area of Chicago



Chicago appraiser Michael Walsh recently appraised a condominium in the Logan Square neighborhood of Chicago and shares his market analysis in this presentation.

 According to MRED MLS statistics for the last twelve months for MLS area 8022 Logan Square, the median sales price for Condominium  Housing increased +3.2%, average marketing time declined -11.1% to 64 days on the market, and there is currently a 3.0 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 8% of total sales.

In the last 30 days there were 31 closed sales of attached homes & condominiums, 69 went under contract and there were 70 new listings.




Friday, February 13, 2015

This Month in Real Estate February 2015



Home sales are up and the national median home prices are increasing. With mortgage rates below 4% no may be a great time to buy.

Thursday, February 12, 2015

The current single family home market in Franklin Park, IL 60131



Real estate appraiser Michael Walsh performs a market analysis on single family homes in the village of Franklin Park, IL 60131

According to MRED MLS statistics for the last twelve months for MLS area 131 Franklin Park, the median sales price for Detached Housing increased +8.2%, average marketing time declined -3.3% to 89 days on the market, and there is currently a 4.1 month supply of inventory. This level is considered a small oversupply. REO & Short Sales account for approximately 39% of total sales.

Wednesday, February 11, 2015

President Obama to declare Pullman a National Historic Park



 Chicago's Pullman Historical District will be declared a National Historic Park by President Obama on February 19, 2015.  In this video Chicago real estate appraiser Michael Walsh talks about Pullman and its historic buildings.


Tuesday, February 10, 2015

Condominium prices on the Near West Side of Chicago




Chicago appraiser Michael Walsh recently appraised a condominium on the Near West Side and shares his market analysis in this video

According to MRED MLS statistics for the last twelve months for MLS area 8028 Near West Side, the median sales price for Condominium  Housing increased +9.1%, average marketing time declined -11.5% to 54 days on the market, and there is currently a 2.5 month supply of inventory. This level is a shortage of inventory. REO & Short Sales account for approximately 12% of total sales.

Saturday, January 31, 2015

Single family home prices increasing in the Village of Woodridge, IL



Real estate appraiser Michael Walsh recently performed a appraisal on a single family home in Woodridge, IL 60517 and found median prices increasing, marketing times down and inventory oversupplied.

According to MRED MLS statistics for the last twelve months for MLS area 517 Woodridge, the median sales price for Detached Housing increased +5.7%, average marketing time declined -9.8% to 74 days on the market, and there is currently a 5.1 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 18% of total sales.

Tuesday, January 27, 2015

Watch this video to find out what you need to know about finding a divorce appraiser in the Chicago area




This divorce appraisal video discusses items those going through a divorce should consider when choosing a divorce real estate appraiser in the Chicago area. Citywide Services has a long standing reputation with many divorce attorneys throughout the Chicago area. Real estate apraiser Michael Walsh has over 20 years experience as a appraiser working in Chicago and suburbs, with experience as a expert witness in state and federal court. http://www.appraisercitywide.com 312.479.5344

Divorce Appraiser Chicago and Suburbs 312 479 5344
http://youtu.be/38fouo1xWr4

Sunday, January 25, 2015

Median sales in River Grove, IL, 60191 are increasing for single family homes




Chicago area real estate appraiser Michael Walsh recently completed a appraisal on a single family home in River Grove, IL 60171 and found median sales prices increasing and the market oversupplied.

According to MRED MLS statistics for the last twelve months for MLS area 171 River Grove, the median sales price for Detached Housing increased 11.3%, average marketing time declined -37.3% to 69 days on the market, and there is currently a 5.0 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 27% of total sales.

Friday, January 23, 2015

Thinking about selling your home By Owner?



Selling your home on your own will require a significant amount of homework if you are going to do it right. A certified professional appraisal report will be a tremendous asset and save you time and money.  As licensed professional real estate appraisers we can help you determine the true market value of your home.

Many home owners are supprised when they find when they find that the value of their home is much more thn they thought.

Your asking price will also have far more credibility when backed by an unbiased appraisal report
a realistic asking price will attract more buyers and help you sell your home for the best price in the shortest amount of time.

Call Citywide Services real estate appraisers at 312.479.5344 or  visit us on the web at www.appraisercitywide.com

This Month in Real Estate January 2015



With the start of a new year This Month in Real Estate takes a look at national housing statistics.