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