orland park homes: Orland Park IL Real Estate Market Trends Report December 2011 Through February 2012 - 03/13/12 02:28 PM
The following data shows market trends for single family Orland Park homes from 12/1/2011 through 2/29/2012.
It's easy to see that there are more listings coming on the market as we get closer to our more active spring and summer markets.
January took a nosedive with the amount of homes that actually sold. Thankfully, that trend shot back up in February.
The average list price for homes in Orland Park took a dip in January but are continuing upward again through February. Keep in mind, a seller can ask anything they want for their home, but the next chart … (0 comments)
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orland park homes: Orland Park Supply & Demand Chart 2011 - 01/18/12 12:08 PM
Orland Park Homes Supply & Demand Chart for All of 2011
We finally have our year-end statistics and the chart above shows us exactly what a Buyer's Market is. The red lines represent active Orland Park homes for sale. The blue line shows us homes that went under contract for the month. The green line shows homes that sold and closed.
One thing I especially like about this chart is that it shows us what months showed the most activity in each category. August had the largest supply of homes for sale. More homes went under contract in May and … (2 comments)
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orland park homes: Orland Park Market Activity for 30 Days Ending 12/15/2011 - 12/15/11 03:27 PM
I usually show sales statistics in a graph form like I did here. But our MLS offers the little pie chart below and it's interesting to see actual market status changes. In fact, this could be titled a Market Status report. The chart shows activity for single family Orland Park homes for the past 30 days from today's date.
The Breakdown
There were 31 new listings in this time frame. I think that's pretty good for the holiday season as many sellers wait until the new year to list. There were also 21 homes that had expired listings, meaning they … (3 comments)
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orland park homes: Orland Park Foreclosures, FHA Financing and Lowball Offers - 10/23/11 06:37 PM
The other day I received an e-mail notification that a buyer I had never met wanted to make an offer on an Orland Park foreclosure home that I never showed him. It was priced around $100,000, which is low for the village as the average sales price for homes in Orland Park for the 1st 6 months of this year was $317,157. He was not working with another agent and he found me online.
He only wanted to communicate via e-mail, which was fine with me. However, he didn't answer some of my questions at first. I asked him if he … (2 comments)
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orland park homes: Orland Park Supply & Demand Chart for the 1st Half of 2011 - 10/06/11 01:06 PM
Orland Park Supply & Demand - 1st Half 2011
Looking over the charts I've created in the past for homes in Orland Park, it has been evident since I started making them that there is a huge difference in the amount of homes up for sale in any given time period vs. those "lucky" sellers that received accepted contracts and those that made it to the closing table. The word "lucky" is used tongue in cheek because most of the sellers that have sold have used more than luck. They have priced their homes well, meaning those homes were the … (2 comments)
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orland park homes: An Agent Begged Me to Put Her Out-of-Area Seller's Listing on My Website - 07/30/11 07:27 PM
I received a call one day that was from an agent that was not in our Northern IL MLS. She wasn't even close. But her seller insisted that she call me and offer to pay me to get his house on my website. I was a bit flabbergasted but thought quickly.
Why did he want his listing on my website? He must have done a search, possibly for Chicago suburbs real estate, and saw my site towards the top of Google. Natural position, not paid. His agent said that the town the home was located in was very small, and most, … (39 comments)
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orland park homes: Last Two Commission Checks Were Active Rain Referrals - 04/09/11 12:07 PM
Active Rain has now become my first stop when looking for a referral agent. And did I get a response when I posted a buyer referral. Some agents responded immediately and it took others a few weeks (I don't get that).
I had spent some time with a very picky buyer looking for Orland Park and Tinley Park homes and after several showings she mentioned that she was interested in looking in Indiana. When I say she was a picky buyer I meant she was picky with agents. She interviewed me in my office before committing to working with me. So … (4 comments)
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orland park homes: Orland Park Real Estate Supply & Demand 2010 - 01/19/11 11:59 AM
The following chart shows single family Orland Park homes activity for the past year. The last time I showed Orland Park real estate sales stats I had a lively "discussion" with an Orland Park home owner that did not believe the data. These charts are produced by a company called Market Dynamics and the data comes from our local multiple listing service. This shows a picture of Orland Park single family homes for sale, under contract and those that sold and closed for 2010.
I have to shrink the chart so it fits in this post, but the colors tell … (1 comments)
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orland park homes: Granny Lamps - 07/10/10 04:47 PM
I like reading posts about home staging. It is something that fascinates me even though it doesn't show up much in my neck of the woods. I help my clients de-clutter and maybe move things around a bit and I give them suggestions on what improvements should or should not be made. So I eagerly read Angela Voss's post Beware! The Top 20 Tacky Staging Techniques.
My heart raced a little when I read #13 - "Cheesy old lamps (Get the granny lamps out.)"
I immediately looked up to my beloved floor lamp that originally belonged to an ex-beau's grandfather, and … (9 comments)
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orland park homes: Orland Park Homes 2009 Supply & Demand - 02/11/10 01:39 PM
The chart below shows the data relating to supply and demand throughout the past 12 months for Orland Park homes for sale.
Although I had to make the chart small enough to fit into this post, you can still see the difference between the amount of properties for sale shown by the red line compared to the blue line which represents Orland Park homes under contract and the green line which shows Orland Park homes that have sold and closed. When you look at the data it puts into perspective the lopsided amount of inventory that was available last year … (2 comments)
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orland park homes: How Many Orland Park Homes For Sale Are Available Today? - 06/16/09 02:15 PM
You can visit the #1 local website for Orland Park Homes (in Google) every day to see how the Orland Park real estate inventory is changing. Today there are 345 single family Orland Park homes for sale.
Prices start at $94,900 for a bank-owned reo 3 bedroom, 1 bath ranch style home up to $2,395,000 for a 5 bedroom, 6 1/2 bathroom 2-story style home. Of course, there is everything in between, meaning there is an Orland Park home for you.
You can view details of the homes, view photos and even virtual tours (if the listing agents provide them) and … (0 comments)
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orland park homes: Previous Orland Park Short Sale Home Now Condemned - 11/10/08 02:17 PM
There was a beautiful Orland Park, Illinois home for sale that had originally been listed at $379,900 in May of 2007. I did not show it at that price and am not sure if the owners still resided in the home when it was first listed. MLS photos showed it fully furnished. It went through many price reductions and I believe when I first showed it, it was listed at $319,900 and was vacant.
This was a very grand looking home from the exterior and when you entered the home you were welcomed with gorgeous Brazilian cherry hardwood floors and an … (5 comments)
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orland park homes: The Stinky Pink House - 01/05/08 07:09 PM
I'm still amazed that in today's competive selling market I'm seeing so many homes where the sellers just don't get it. I've shown my share of grossly overpriced homes recently which really educate buyers quickly on what homes are good values. But there's always a home that stays in your head.
A couple of weeks ago I was showing Orland Park homes and my clients and I walked into a vacant home that greeted us with a heavy waft of, well, I'm not sure how to explain it. Kind of reminded me of my grandparent's home although a large part of … (5 comments)
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