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April Real Estate Sales Statistics for Chicago & Suburban Illinois Homes and Attached Properties Sales

By
Real Estate Agent with Realty Executives Suburban

For Chicago and Counties of Cook, Kane, Dupage & Lake,  April saw  more properties SOLD compared to the month before! This is the 3rd month in a row for increased sales.  But the numbers are still off from 2008.

Single family home sales were up close to 19%, and sale price went up slightly about 1% compared to April 2009.

For Attached properties like condos and town homes, sale were upo 24% from April, and  the average sale price dropped 4%. This could be related to the discounting of single family homes over prior months.

The market is  attributed to low interest rates, and property pricing reaching an all time low from seller price changes, bank owned properties selling for .60 cents on the dollar, and pre-foreclosure sales. The market is still driven by bargain hunters... Plus February through July are busier months for property sales.

If you are a seller who wants top dollar your home needs to be special, show like a model, have a perfect location, and limited competition in your neighborhood.

 Detached Single Family Homes

Sold:    4/2009    2449  properties     3/2009  2049 properties      

Average Sale Price:  4/2009  $263,066    3/2009  $262,010       

Average Market Time  4/2009  189    3/2009     191 days        

Attached Homes  (Condos, duplexes, town homes, etc)

SOLD:  4/2009   1487 properties     3/2009    1195 properties         

Average Sale Price:    4/2009  $253,425   3/2009   $264,031

Average Market Time  172 days

Properties Under Contract NOW from March

Single Family Homes:  1004  properties     Average List Price  $316,974

Attached Homes:  572 properties     Average List Price $214,349

Both property types the average list price is down from the month before, as well as the number of properties under contract still.  This could be because many investors and buyers on the fence bought in February & March with 30-45 day closings.They may have purchased before pricing went up.... and rates as well.

Want to know your property value?  Call or email me...

John Hybl   Realty Executives Suburban

JohnHybl@RealtyExecutives.com     630-975-9000

Search 70,000 properties for sale in Chicago & the Suburbs at www.JohnHybl.RealtyExecutivesSuburban.com

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