Chicago Real Estate Blog

Single-family homes statistics for Glenwood, IL 60425

2016-07-28T10:06:00.002-05:00

Real estate appraiser Michael Walsh recently completed a single family appraisal in Glenwood, IL 60425 and shares his market analysis in this video. Located approximately 29 miles South of the Chicago Loop the village of Glenwood has a population of approximately 9,000. Real estate prices have been increasing over the last three years, marketing times are considered average and there is currently an oversupply of inventory on the market.

What is External Obsolescence?

2016-07-24T12:39:00.000-05:00

External obsolescence is defined as a loss in value caused by negative influences outside site. This video real estate appraiser Michael Walsh comes across a home with severe external obsolescence due to railroad tracks. There's an old saying in real estate at the three most important things are location, location, and location. In this video we have a nice customhouse that was built backing up to railroad tracks. A terrible location.

A slight decline in single-family home prices in Oak Park, IL 60302

2016-04-03T12:06:00.000-05:00

Real estate appraiser Michael Walsh of Citywide Services recently performed the single-family appraisal in Oak Park, Illinois, 60302 and shares his market analysis in this video.

Median home prices increased 8.8% in the 12 months ending March 2015 and declined 0.4% in the 12 months ending March 2016. With this small decline median sales prices are being considered stable.

Overall the market is good with marketing times less than 90 days, level of inventory is in balance and there's a low number of distressed sales.

Lots of distressed sales in Romeoville, IL 60446

2016-02-12T13:52:00.000-06:00

In the last 12 months distressed sales, those that are bank owned or short sales accounted for approximately 40% of total sales in Romeoville, IL 60446. This is one of the statistics reported by real estate appraiser Michael Walsh in an analysis of single-family home sales discussed in this video

Single-family home prices are increasing in Lockport, IL 60441

2016-02-09T16:30:00.001-06:00

After remaining stable for two years the median sales price in Lockport Illinois increased 4.8% last year. This is one of the findings discussed by real estate appraiser Michael Walsh in this video about detached single-family home prices.

After a big jump in 2014, prices on single-family homes in Lincoln Park slowed down last year

2016-02-02T15:46:00.000-06:00

This video shows a look at the single-family housing market in the Lincoln Park neighborhood of Chicago. With median home prices of $1,600,000 Lincoln Park is one of Chicago most upscale neighborhood's . Real estate appraiser Michael Walsh recently completed a single-family appraisal and shares his market analysis in this video.

The real estate market is looking good in Mount Prospect, IL 60056

2016-01-11T17:02:00.001-06:00

Median sales prices have been increasing over the last three years. Marketing times are short and the level of inventory is in balance. There are a small number of distressed sales in this market place. These are the items reported on by real estate appraiser Michael Walsh in this video about detached single-family home prices in Mount Prospect Illinois

Single-family home prices are increasing slightly in Frankfort, IL 60423

2016-01-09T10:31:00.001-06:00

Real estate appraiser Michael Walsh recently completed a single-family home appraisal and Frankfort Illinois and shares his market analysis in this video

Single-family home prices are rising in Schiller Park, IL 60176

2015-12-31T13:29:00.000-06:00

Schiller Park Illinois is located adjacent to the O'Hare airport in suburban Cook County. According to the census population is approximately 12,000. With the exception of airplane noise Schiller Park is a nice place to live.

The village offers some excellent linkages with easy access to Interstate 294, the Kennedy Expressway and the NW. Toll Rd. There is easy access to the CTA Blue Line in nearby Rosemont and Metro trains in nearby Franklin Park.

Real estate appraiser Michael Walsh recently performed a single-family appraisal and shares his market analysis in this video.

Single-family housing prices are fluctuating in Dolton Illinois

2015-12-23T12:24:00.000-06:00

Single-family housing prices are fluctuating, prices are overall down since 2013, the market is oversupplied and distressed home sales are over 50% of total sales real estate appraiser Michael Walsh shares his market analysis on Dolton Illinois in this video

The market for attached homes and condominiums in Woodridge Illinois is looking good

2015-12-21T13:35:00.001-06:00

As a shortage of active listings on attached homes and condominiums in Woodridge Illinois. Median sales prices have been increasing over the last three years, with a large increase in 2015. Marketing times are down to an average of 81 days on the market. Real estate appraiser Michael Walsh shares his market analysis in this video.

The Chicago Zoning Board of Appeals

2015-12-20T10:49:00.002-06:00

Chicago Zoning Board of Appeals is a five-member board that was appointed by the mayor and meets monthly at City Hall to review land-use issues that pertain to the Chicago zoning ordinance title 17 of the municipal code of Chicago. These include special use applications which are an exception from current zoning regulations and zoning variations that can be a requested by a property owner to grant permission to deviate from current zoning requirements.

In this video Citywide Services appraisers discusses the appeal process and the need of an appraiser at the hearing.

Single-family home prices are on the rise in the Forest Glen community area of Chicago

2015-12-08T16:26:00.000-06:00

Located on the northern edge of the city of Chicago is the community area of Forest Glen. The community area contains the neighborhoods of Edgebrook, Sauganash and Wildwood. Median sales prices had been stable for several years and in 2015 prices went up 6%.

Citywide Services just completed a single-family appraisal in Forest Glen and shares their market analysis in this video.

Single-family home prices are increasing in Darien Illinois

2015-10-29T16:51:00.000-05:00

Citywide Services recently performed a single-family appraisal in Darien, Illinois for a real estate tax appeal. In this video real estate appraiser Michael Walsh shares his market analysis for the 12 months ending September 2015

Single-family home prices are increasing in the village of Lake in the Hills, Illinois

2015-10-26T16:25:00.001-05:00

Lake in the Hills is a village located in McHenry County and has a population of approximately 30,000. Real estate appraiser Michael Walsh recently completed a single-family home appraisal and shares his market analysis in this video.

The real estate market is looking up in Lyons Illinois

2015-10-24T15:02:00.003-05:00

The village of Lyons, Illinois is located approximately 14 miles southwest of the Chicago Loop in suburban Cook County. Citywide Services recently performed a single-family appraisal and shares their market analysis in this video

The housing market in Oak Park Illinois is back to normal

2015-10-23T16:23:00.002-05:00

After all the ups and downs the real estate market it's great to see things that have returned to normal. Real estate appraiser Michael Walsh recently completed a single-family appraisal in Oak Park, Illinois and finds that prices have increased over the last three years, marketing times are less than three months, the level of inventory is in balance and there are few distressed sales

The single-family home market in Bolingbrook is looking good, but distressed sales are still a factor

2015-10-07T14:12:00.000-05:00

Single-family home prices are increasing in the village of Bolingbrook a suburb of Chicago located approximately 30 miles southwest of the Loop. Bolingbrook is in both Will and DuPage County and has a population of approximately 73,000.

Real estate appraiser Michael Walsh recently appraised a single-family home in Bolingbrook and shares his market analysis in this video

Single-family home prices are increasing in Glen Ellyn, Illinois

2015-09-30T08:42:00.000-05:00

Real estate appraiser Michael Walsh recently completed a single-family home appraisal in Glen Ellyn and finds prices increasing in the market oversupplied.

The real estate market is looking good in Logan Square

2015-09-22T18:22:00.004-05:00

The Logan Square community area is a hot real estate market. The neighborhood is trendy and has many restaurants, coffee houses and bars. It has great transportation links to both downtown Chicago and O'Hare airport via the blue line. These are some of the reasons that the property market has taken off.

Chicago real estate appraiser Michael Walsh recently completed a single-family home appraisal in Logan Square and shares his market analysis in this video.

Single-family housing prices on the increase in Elmhurst, IL 60126

2015-08-26T16:22:00.000-05:00

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.

Single-family home prices are in Berkeley Illinois

2015-08-23T10:03:00.004-05:00

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.

The detached single-family home market is strong in Chicago's Lakeview neighborhood

2015-08-20T10:30:00.002-05:00

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.

Here is a market analysis on single-family housing the village of Chicago Ridge, IL 60415

2015-08-10T04:30:00.000-05:00

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.

Single-family home prices are increasing in Lombard, IL 60148

2015-08-09T11:38:00.002-05:00

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.