Friday, July 31, 2015
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
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.
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
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
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
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
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
Friday, July 10, 2015
Wednesday, July 08, 2015
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
Monday, July 06, 2015
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.