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.