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Western Springs Home Sales up Slightly in April '13

Nineteen homes sold in Western Springs during April 2013, and the median price of homes was down compared to April 2012.

The 19 detached, single-family homes sold in Western Springs during April represented a 26.7 percent increase from April 2012, when 15 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

The median price of homes sold in April decreased compared to last year. The median price dropped 14 percent to $438,438 from $510,000 in April 2012.

The number of homes sold in each town was also up from . 

The market for detached, single-family homes in suburbs throughout west Cook County saw growth in March, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

In the near west suburbs, Oak Park saw the largest percent increase in sales, with 86.7 percent more homes sold year over year in April. Forest Park had the highest percentage increase in median price.

The momentum is expected to continue as the number of detached homes under contract in April grew by 45 percent in those same communities. The median sale price for detached homes also increased 5.5 percent from the previous April. 

“Word about the activity in the market is getting around,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “I think people who had been sitting on the sidelines are starting to realize that the market is accelerating. With today’s low interest rates and affordable home prices, if you are a buyer, your opportunity is now.”

 

# of homes sold Median price Town April 2013 April 2012 % change April 2013 April 2012 % change BURR RIDGE 9 11 -18.2% 487,700 587,000 -16.9% ELMHURST 45 43 4.7% 439,787 317,000 38.7% FOREST PARK 10 7 42.9%

198,500

139,000

42.8% HINSDALE 35 22 59.1% 945,000 812,500 16.3% LA GRANGE 25 16 56.3%

459,000

385,000

19.2% LA GRANGE PARK 16 14 14.3%

340,456

305,756

11.4% LEMONT 12 11 9.1%

362,500

285,000

27.2% OAK PARK 56 30 86.7%

390,500

386,250

1.1% RIVER FOREST 5 7 -28.6%

440,000

550,000

-20% WESTERN SPRINGS 19 15 26.7%

438,438

510,000

-14%

Source: Mainstreet Organization of Realtors 

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