Friday, March 29, 2013
In 2012, Grayslake homes sold for 11.1 percent less than they did in 2011, Chicago Magazine reports.
Home sale prices in Grayslake have dropped, according to a recent Chicago Magazine article. The article profiled what homes cost in several suburbs and Chicago neighborhoods. Along with Grayslake, home sale prices are also down in neighboring Libertyville, Lake Zurich and Buffalo Grove, but up in Vernon Hills. The magazine’s data shows the median sale price for a Grayslake home in 2012 was $169,000, down 11.1 percent from 2011, and 42.9 percent since 2006. There were 293 home sales last year in Grayslake, with homes staying on the market an average of 170 days, the magazine reports. Most Chicagoland suburbs have experienced a decrease in home sale prices, making now a great time to buy, according to economists. Zillow Chief Economist Stan …
Wednesday, March 13, 2013
The price of homes in Lake County was up 12 percent in Lake County in February 2013 compared to February 2012.
- THE NEIGHBORHOOD FILES
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Wednesday, March 13
Home sales and prices were higher in February in the seven-county metropolitan Chicago real estate market, according to an analysis by RE/MAX. The number of homes changing hands increased 21 percent and the median price of a home sold last month climbed 4 percent when compared to February of last year. In its analysis of home sales reported by Midwest Real Estate Data, LLC, the regional multiple listing service, RE/MAX found that February home sales totaled 5,843 units, up from 4,840 a year ago, while the median price advanced to $141,000 after coming in at $135,900 during the prior February. The average market time, which is the time that a home sold in February spent on the market before a sales contract was signed, fell from 175 days in…
Wednesday, December 19, 2012
The median sales price is up 4 percent compared to November 2011, according to RE/MAX.
- THE NEIGHBORHOOD FILES
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Wednesday, December 19, 2012
November generated the same robust home sales activity with higher prices that characterized the metro Chicago real estate market in October, according to RE/MAX. Those findings are based on an analysis of transaction data compiled by Midwest Real Estate Data, LLC (MRED), the regional multiple listing service. November sales of attached and detached homes in the seven-county area totaled 7,500 units, which is 37 percent more than in November 2011. The median sales price was $155,000, up 3.3 percent from the $150,000 median price recorded 12 months earlier. Average market time, which is the average number of days a home sold in November was on the market before a sales contract was signed, fell from 170 days in November 2011 to 136 days in …
Wednesday, September 19, 2012
RE/MAX says sales of detached homes were up 20 percent in August 2012 compared to August 2011.
- THE NEIGHBORHOOD FILES
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Wednesday, September 19, 2012
Home sales in the seven-county metropolitan Chicago real estate market followed a familiar path in August, with more homes changing hands more quickly, according to an analysis by RE/MAX. August sales of detached and attached homes reached a combined total of 9,145 units, which is a robust 26.5 percent higher than in the same month in 2011 and the highest August sales total since 2007. The pace of sales also quickened. The average number of days that homes sold in August spent on the market before a sales contract was signed declined from 165 days a year ago to 139 days this August, the lowest market time for the metro area in any month since December 2007. For the second consecutive month, the share of all sales that involve distressed …
Tuesday, July 17, 2012
Sales in Lake County for June were up 27 percent compared to June 2011, according to RE/MAX.
- BUSINESS
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Tuesday, July 17, 2012
The upbeat trend in home sales across the metropolitan Chicago real estate market continued unabated in June, according to an analysis by RE/MAX. June sales in the seven-county metro area totaled 9,077 units, 20 percent more than June of 2011. Homes also were selling faster. The average time homes sold in June spent on the market before finding a buyer was 149 days, down from 169 days a year earlier, a 12 percent reduction. Home prices were generally stronger. The median sales price for all attached and detached homes sold in June rose 3 percent to $185,000. The active inventory of homes for sale was 19 percent lower than it was a year earlier. The RE/MAX analysis is based on transaction information from Midwest Real Estate Data, LLC. The …
Forethe Community
2:35 pm on Monday, April 1, 2013
Please note that the article's headline is quite misleading. The median price of a sold home has gone down. You can only say that a home's price has gone down if you compare statistics for SAME properties (like Case-Schiller). Often in markets such as we have today, lower price homes actually sell and are for sale; hence, a lower median sale price. Homes of greater value tend to have more … more ›