Mary Strong, Broker, ABR Real Estate Consultant for Chicago's Western Suburbs
If you would like to see market statistics for your town, please email me and I will get those statistics posted - mary@marystrong.com.
Check out how your town is holding up through this real estate cycle. The following statistics are for the 3rd quarter of 2008 vs the same period in 2007 for detached housing.
According to the Midwest Real Estate Data LLC YTD for the 3rd quarter of 2008 statistics provided by the Multiple Listing Service of Northern Illinois, Clarendon Hills had an increase of 3% in the number of sales vs 2007. The median sale price declined 25% to $554,500. For the year 2007 vs 2006, Clarendon Hills has 11.5% increase in the number of sales and 0.7% increase in the average price sold.
Hinsdale for for the 3rd quarter of 2008 had a 10% decline in the in the number of homes sold and a median sale price decline of 13% to $945,000. For the year 2007 vs 2006, the number of homes sold declined 16.9% with an average price increase of 12.8%.
Westmont for the 3rd quarter of 2008 had an increase of 2% in the number of homes sold and a 1% increase in the median sale price to $320,500. For the year 2007 vs 2006 the number of homes sold declined 35.2% with an average price decline of 4.3%.
Downers Grove for the 3rd quarter of 2008 had a 4% decline in the number of homes sold, and a 3% decrease in the median sale price to $370,500. For the year 2007 vs 2006 the number of homes sold declined 20.5% with an average price increase of 5.2%.
Burr Ridge for the 3rd quarter of 2008 had a 30% decline in the number of houses sold with a 20% decline in the median sales price to $744,500. For the year 2007 vs 2006 the number of homes sold declined 17.7% with an average price increase of 0.4%.
Western Springs for the 3rd quarter of 2008 actually had a 14% decline in the number of homes sold with a 16% decline in the median price sold to $535,000. For the year 2007 vs 2006 the number of homes sold declined 13.1% with an average price increase of 7.5%.
Oak Brook for the 3rd quarter of 2008 had a 55% decrease in the number of homes sold with a 26% decline in the median sales price to $820,000.
LaGrange for the 3rd quarter of 2008 had a 23% decline in the number of homes sold with a 6% decline in the median sales price to $520,000.
For a free detailed market analysis, please call me at 630-606-9051 or email me at:? mary@marystrong.com Data taken from the Multiple Listing Service of Northern Illinois.? Information not guaranteed.
