Orland Park Real Estate

How Have Four Popular Chicago Suburbs Fared in 2nd Quarter Sales

judyo posted this 403 Views

As I'm trying to rein in the areas I service I'm starting to concentrate on my 3 main areas by creating hyper-local niche websites and doing some lead generating.  Below are 2nd quarter sales stats for single family homes in the following southwest Chicago suburbs: Orland Park is my main area and showed excellent 2nd quarter sales statistics for single family homes: there was a whopping 46.7% increase in the amount of single family Orland Park homes sold - that's huge! there was ...

Rebound Prices in California Do Not Equate to Orland Park, IL

judyo posted this 1 509 Views

I was recently on a listing appointment for a gorgeous Orland Park home.  It had been up with another agent.   Unfortunately, the owners purchased it new in 2006.  That was the peak year for Orland Park home prices and it's been downhill since. Some news stories are very positive about the real estate market, but the areas that are rebounding, like much of California, Las Vegas, Phoenix, etc., are completely different than the southwest Chicago suburbs.  Our market is busy and homes are s...

Highest Priced Southwest Chicago Suburbs 2012

judyo posted this 2 898 Views

Palos Park remains in the lead for the highest priced southwest suburb single family homes.  It lost that lead in 2010, when Lemont  took  the top spot.  That was a one year fluke and Palos Park once again reigns supreme.  Below are the top four southwest suburbs price-wise for 2012: 1.  Palos Park - average sale price $363,277 2.  Lemont - average sale price $326,735 3.  Frankfort - average sale price $319,676 4.  Homer Glen - average sale price $299,476 What I find interesti...

Orland Park Homes Market Activity 2012

judyo posted this 795 Views

The following chart shows 2012 sales statistics for single family Orland Park homes. I love reviewing the full year charts for the towns I work in.  It shows the months that had the least and most activity:   June had the most homes up for sale - there were 360 single family Orland Park homes on the market. It's no surprise that December had the least amount of inventory for sale - 251 homes were available. Three months tied for the most homes going under contract - April,...

$21,007,402,045 of Real Estate Sold So Far in 2012 - MRED

judyo posted this 575 Views

That's a lot of properties sold!  MRED (Midwest Real Estate Data) is the MLS source for Northern IL real estate, and goes into some border towns of Wisconsin and Indiana.  So far in 2012 over 21 billion dollars worth of real estate has been sold via our MLS, which used to be the largest in the nation.  With some states trying to create statewide MLS's, like California, MRED has fallen on the list by size, but it still covers a lot of territory. I get a lot of inquiries from people tha...

Orland Park Homes Supply and Demand 2 Years 9/2010 through 9/2012

judyo posted this 733 Views

The chart below shows supply and demand for single family Orland Park homes from September 2010 through September 2012.  As has been the norm over the past years, there are still many more homes up for sale vs. those that have accepted contracts and those that are sold and closed.  Even if you add the blue and green lines together, inventory is still high. Some areas of the U.S. are seeing Seller's Markets again.  Many cities in California are seeing this and markets are coming back i...

2011 Pricing Line-up for Southwest Chicago Suburbs

judyo posted this 692 Views

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 ...

Beautiful Fog

judyo posted this 2 853 Views

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 an...

Southwest Chicago Suburbs Days On Market Comparisons

judyo posted this 779 Views

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 activity. Town Days on Market  Frankfort  168  Homer Glen  183  Lemont  213  Lockport  179  Mokena  174  New Lenox  173 ...