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The 2011 sales statistics are in from the Mainstreet Organization of REALTORS®. Here is a list of how prices stack up for single family homes in the villages I work the most in. Village Average Sales Price Frankfort $327,992 Homer Glen $317,170 Lemont $356,828 Lockport $195,910 Mokena $316,507 Oak Lawn $165,791 Orland Hills $179,738 Orland Park $318,088 Palos Heights $276,179 Palos Park $424,576 Tinley Park $217,875 It was interesting to see that Palos Park once again claimed the title it he... Read Full Post

We've been having some high temps in the Homer Glen/Orland Park area this winter, which is fine with me. I hate cold and snow and wish I were in my townhouse in Scottsdale, AZ right now, even though it's not really bad for January here in the Chicago suburbs. We've had record low snow this winter. Yippee! Last week we truly had some "balmy" weather for this time of year and as I drove home from some real estate home showings I was amazed at the sights I was seeing in Orland Park and Homer Gle... Read Full Post

I have a buyer couple that is taking their time trying to find the perfect home for themselves. They are looking at large homes and they love Palos Park real estate, a prestigious southwest Chicago suburb that used to be the highest priced village but lost that title in 2010 to Lemont. They want a large home on a large lot. They know what they want and we only see one home at a time because they really study them online before we set our appointment. This home is a custom builder's McMansion,... Read Full Post

I like comparing Days on Market with the different towns I work in, especially since I have a newer "back yard" since my move to the Orland Park/Homer Glen area. Although I've always worked in these villages, they are now my major service areas. These figures represent the past 12 months of sales activit Town Days on Market Frankfort 168 Homer Glen 183 Lemont 213 Lockport 179 Mokena 174 New Lenox 173 Orland Hills 137 Orland Park 154 Palos Heights 152 Palos Park 260 Tinley Park 148 I am a litt... Read Full Post

I found a good link today from REALTOR.org that shows the different kinds of exterior siding for homes. Most of them can be found on homes in the southwest suburbs, such as Homer Glen, Lemont, Orland Park, etc. Click here to read the article. It is scrolling but you can double-click on each of the photos below to stop it so you can read each individual slide. I'll go down the list and give my own feelings for the area I work in: Stucco - we do have some stucco homes in the Chicago area, but i... Read Full Post

Halloween is my favorite holiday. I'm a day late here but I was busy yesterday! My day started out showing condos and I was hoping I wouldn't miss my Granddaughter's school parade at Goodings Grove School in Homer Glen. We made it in plenty of time and got to see all of the children's costumes. Then we went home and I was trying to find the big plastic witch's cauldron that I normally put the candy in (we had a lot of candy even though I had started eating it last week), but we couldn't find ... Read Full Post

The following charts will show the month's supply of single family Orland Park homes from the dates of October 2008-October 2011. These charts really show that we are in a Buyer's Market. It is accepted that a 6 month supply of inventory is a stable market, less than 6 months supply is a seller's market and more than 6 months supply is a buyer's market. Look at those months supply! It's only an even market for reo properties (foreclosures) with the most current month supply at 6.2%. That mean... Read Full Post

I sell real estate in Illinois but I own a 2nd home (a townhome) in Scottsdale, Arizona. I have several friends that live there full-time. One of my friends moved just this year and has been renting and are now searching for their next home to purchase. I sent them to the agent that I used to purchase my Scottsdale townhouse. My friend called me last night to ask me a question about an auction at a particular property in the area they're looking in, Peoria, AZ. I put the address in Google and... Read Full Post

The first thing sellers are most interested in is how much their home is worth. So before I go over my marketing plan during a listing presentation I present the CMA to them. But the days their home will remain on market can depend on pricing. Condition and location are equally important, but the price should reflect those items. For the first half of 2011, the average days on market for single family Homer Glen homes was 204 days. There was one very cute and unique home located in Evlyn's Ga... Read Full Post

Homer Glen Homes For Sale - Market Activity for the Past 30 Days The pie chart above shows activity for all Homer Glen single family homes for sale within the past 30 days of today's date. Within the past month there were a whopping 30 new listings, but the chart does not show current active homes. Currently, there are 227 Homer Glen homes for sale. 12 of these homes reduced price and 9 of them expired. That means they did not sell within the final date of their Listing Agreement. Some or all... Read Full Post