Archive for Home Selling
Homer Glen Homes Available for Sale 2/6/2012
Posted by: | CommentsI just wrote a contract for a Homer Glen home so hopefully if this gets accepted there will be one less house on the market. As it stands, as of today’s date there are 182 single family Homer Glen homes for sale. Click the link and you’ll see all of the listings without having to create a search. They are separated by price range.
The lowest priced home is a “totally remodeled” 3 bedroom, 2 bath ranch priced at only $129,900. Sounds like a bargain but I haven’t shown this and it is a short sale.
On the other end of the spectrum, I love checking out the highest price house (pictured above), which is a 5 bedroom, 7 bath house priced at $1,250,000. This was an interesting listing – it was originally listed in 2010 at a price of $1,150,000 and was on the market for 169 days. Looks like this seller isn’t following pricing trends because while houses are depreciating around them, they feel their house has gone up in value. It was put back on the market in July 2011 at a higher list price of $1,190,000 and since they couldn’t sell it for that they increased the price in November to $1,250,000. What?! It has been on the market for 219 days since the second listing for a total market time of 388 days without a reduction – just a price increase. Good luck to those sellers!
I’m not sure sellers realize that buyers can see this listing history. In fact, since it is deemed public knowledge it appears readily on many nationwide real estate portals. Buyers don’t even have to have an agent access the MLS to find this stuff out.
If you are thinking of buying and/or selling in 2012 give Judy Orr a call at 708-536-8200 or shoot me an e-mail.
Orland Park 2011 Statistics Are In
Posted by: | CommentsThe 2011 stats are in for Orland Park homes.
- There were 6% more sales than in 2010 – 282 in 2011 vs. 266 in 2010. That’s good news and I’m hoping we’ll see even a higher amount of sales in 2012. It’s been really busy for this time of year and I hope it continues.
- Prices decreased 11.1% – the average sale price in 2011 was $318,088 compared to $357,690 in 2010. I didn’t expect double digit price decreases in this popular village.
Although I am optimistic about 2012 I’m not sure how prices will be affected. Even with more sales we are still in a buyer’s market with more short sales and foreclosures coming up. As many real estate gurus predict, I think we will continue seeing price drops.
Click the link to see all Orland Park real estate sales stats from 2005 until the present.
Orland Park Homes For Sale Today, 10/10/2011
Posted by: | CommentsAs of today’s date, there are 337 homes in Orland Park up for sale. The year started out with about 250 homes on market and in October, 
getting to the end of our annual selling market, the inventory has increased to more than 300 available homes. We are still facing a very lopsided buyer’s market, and although there are some pockets of the United States where sales are good, we still have way too much inventory vs. ready, willing and able buyers in our area.
Add to that the problem of appraisals falling short for many sales, it is still a challenging market for Orland Park and other southwest suburbs. There are buyers out there, but with over 300 homes up for sale, only 27 were under contract last month. That means that less than 10% of the total inventory of Orland Park homes received an accepted offer. All the rest sit, waiting for that special buyer.
Unfortunately, many have to take multiple price reductions until a buyer feels their home is offer worthy. Many sellers cannot comprehend the reality of our current market and it takes them months (sometimes years) and multiple price reductions and even multiple agents for them to realize that this is how it is.
If you’re an Orland Park home seller that would like to get your home sold, give Judy Orr a call at 708-536-8200. She can tell you why your home hasn’t sold yet if you’ve had it on the market. She will create a marketing plan to get your property sold.
You Can Still Sell A House In a Week
Posted by: | CommentsI just listed a single family ranch style home in Woodridge and we received an offer from the first person that viewed it. Read More→
Tinley Park Homes
Posted by: | CommentsWe’re starting to get busy and I’d like to review how many Tinley Park homes are currently on the market. Read More→
Market Value from a CMA is not Written in Stone
Posted by: | CommentsI have gone on a few listing presentations where I did not want the listing, even on homes that looked very nice at first glance. I went
to give a listing presentation and CMA (Comparative Market Analysis) for an Orland Park home. The owners were confused as the last agent that did the same thing never contacted them after her visit. Read More→
The Top Three Highest Priced Southwest Suburbs
Posted by: | CommentsReal estate statistics are in for 2010. There have been some changes – Lemont has taken the lead as the most expensive southwest suburb. The top three highest priced southwest suburbs are: Read More→
