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Contenido proporcionado por Leo Goykhman. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Leo Goykhman o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
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What Do the Latest Numbers Tell Us About the Chicago Market?

 
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Manage episode 178232306 series 1419367
Contenido proporcionado por Leo Goykhman. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Leo Goykhman o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Home values in Chicago have increased since last year, which puts us in a seller’s market.

Looking to buy a Home in Chicago? Search all Chicago homes for sale. Selling Your Home in Chicago? Use our home evaluation tool.

What’s the latest update on our Chicago market? Let’s take a look at some stats from Illinoisrealtor.org.

The median sales price for 2017 is $246,000, which is higher than the 2016 median sales price of $236,000. Since 2016, inventory of homes for sale is down 10%, and the average days on market has also decreased nearly 7%. The average listing price is expected to climb 1.95% in 2017.

Based on recent trends, Geoffrey Hewings predicts it will take 1.2 to two years for Chicago area homes to reach their peak-2006 values again.

Given all the recent developments,
Chicago is a seller’s market.

The average home price in Lincoln Park, one of the more stable areas north of the Loop, didn’t decline as much after the crash. It actually climbed 30%, bringing the median price of a single-family home up to $1.9 million in the third quarter, according to the Chicago Association of Realtors. That’s compared to a pre-crash 2006 peak of $1.4 million, according to Chicagotribune.com.

Overall, given that home values have gone up 8% in the past year, Chicago is a seller’s market.

If you have any questions, please feel free to shoot me an email or give me a call. I’d be happy to help you.
  continue reading

2 episodios

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iconCompartir
 
Manage episode 178232306 series 1419367
Contenido proporcionado por Leo Goykhman. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Leo Goykhman o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Home values in Chicago have increased since last year, which puts us in a seller’s market.

Looking to buy a Home in Chicago? Search all Chicago homes for sale. Selling Your Home in Chicago? Use our home evaluation tool.

What’s the latest update on our Chicago market? Let’s take a look at some stats from Illinoisrealtor.org.

The median sales price for 2017 is $246,000, which is higher than the 2016 median sales price of $236,000. Since 2016, inventory of homes for sale is down 10%, and the average days on market has also decreased nearly 7%. The average listing price is expected to climb 1.95% in 2017.

Based on recent trends, Geoffrey Hewings predicts it will take 1.2 to two years for Chicago area homes to reach their peak-2006 values again.

Given all the recent developments,
Chicago is a seller’s market.

The average home price in Lincoln Park, one of the more stable areas north of the Loop, didn’t decline as much after the crash. It actually climbed 30%, bringing the median price of a single-family home up to $1.9 million in the third quarter, according to the Chicago Association of Realtors. That’s compared to a pre-crash 2006 peak of $1.4 million, according to Chicagotribune.com.

Overall, given that home values have gone up 8% in the past year, Chicago is a seller’s market.

If you have any questions, please feel free to shoot me an email or give me a call. I’d be happy to help you.
  continue reading

2 episodios

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