Archive for Market Reports/Statistics

I am always excited when our real estate board puts up the year-to-date stats for the full year before.  It usually happens sometime in close-up of Orland Park real estate sales statisJanuary and I visit the site every day until those stats are in.

Since many are saying we have already hit bottom, it is very interesting for me to see how real estate sales activity and prices are by comparing them to the prior year.  Of course, it is technically a year behind and we won’t really know how 2013 compares, except on a month-to-month basis (we do get year-to-date figures with each new month), but to me it helps to see how my business is heading.

Here are charts for all real estate sales statistics from 2005-2012 for the two main towns I work in:

Homer Glen real estate sales statistics

Orland Park real estate sales statistics

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The Homer Glen real estate sales stats have been updated for Homer Glen homes, condos and townhomes.

  • More Homer Glen single family homes were sold in 2011 vs. 2010 showing an increase of 8.6%.
  • Average sale prices for single family homes dropped 5.8%.
  • Sales of attached properties (Homer Glen townhomes and condos) jumped 142.9%!
  • Unlike single family homes, attached properties showed an average price increase of 8.9%.

Condos have been hit hard lately and condos rarely outperform single family sales, but they sure did in Homer Glen.  Click this link – Homer Glen real estate sales stats – to see how sales have gone since 2005.

If you’re interested in property in Homer Glen give Judy Orr a call at 708-536-8200.

 

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Jan
24

Orland Park 2011 Statistics Are In

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The 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.

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