Wednesday, May 1, 2013
New data released this week shows Chicago area home prices fell 0.8 percent in February.
In February, Chicago-area home prices dropped for the sixth straight month according to new data released this week by S&P/Case-Shiller. The data reflects single-family home prices fell 0.8 percent in February compared with January. However, Chicago area home sales prices were up 5.1 percent compared with Feb. 2012, which is the second smallest year-to-year increase after New York in a 20-city index provided by S&P/Case-Shiller, reported Crain's Chicago Business. “Home prices continue to show solid increases across all 20 cities,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in a statement. “The 10- and 20-city composites recorded their highest annual growth rates since May 2006.” Local prices are down …
Friday, March 29, 2013
In 2012, Western Springs homes sold for 0.3 percent less than they did in 2011, Chicago Magazine reports.
Home sale prices in Western Springs have dropped slightly, according to a recent Chicago Magazine article. The article profiled what homes cost in several suburbs and Chicago neighborhoods. Along with Western Springs, home sale prices are also down in neighboring Burr Ridge and Forest Park, but up in La Grange and Oak Park. The magazine’s data shows the median sale price for a Western Springs home in 2012 was $449,000, down 0.3 percent from 2011, and 17.2 percent since 2006. There were 158 home sales last year in Western Springs, with homes staying on the market an average of 121 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. …
Tuesday, December 18, 2012
The Mainstreet Organization of Realtors reports a whopping 200 percent growth in sales and an 18 percent growth in prices of homes sold over last November.
The 15 detached, single-family homes sold during November in Western Springs represented a 200 percent increase over November 2011, according to the Mainstreet Organization of Realtors (MORe). There were 10 homes sold in Western Springs during October. In addition, the median price of homes sold in November ($442,500) was 18 percent higher than the median price of homes sold in November 2011 ($375,000). The market for detached, single-family homes in suburbs throughout west Cook County saw growth in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data. La Grange saw the largest percent increase, with 220 percent more homes sold year over year in November. There were 5 homes sold that month in 2011 and 16 in 2012…
Sunday, May 6, 2012
Realtors say that demand for homes, and prevalence of multiple offers, in the area in and around Western Springs is on the rise.