La Grange Market Report February 2013
La Grange is one of the hottest markets in the western suburbs due the popularity of many new restaurants and shops along La Grange Road as well as its location only 30 minutes from downtown Chicago.
Over the past 30 days, 12 single family homes have sold in La Grange ranging from $120,100 to $1,045,000. The median time on market was 110 days. Sellers in La Grange are optimistic as list prices have increased .23% from the previous month. Although this seems like a modest increase, it is encouraging to see any increase during the middle of the winter. Most people feel we will see a significant rise in home values during the spring and summer seasons of this year.
There are currently 43 homes for sale in La Grange ranging from $229,000 to $1,485,000. Some of the best deals are the short sale listings. These properties can frequently be purchased below market value if the buyer is patient enough to wait the several months it usually takes for the bank to approve the sale. It is currently an excellent time to begin your home search as interest rates are still at rock-bottom levels. Most experts anticipate that we will see rising interest rates and property values in the very near future.
Contact me today if you are interested in buying selling a home in La Grange. I am a professional Realtor and an expert in the La Grange market.
Jeffrey Kaminski
Choice Realty Partners
773-343-6375
Kaminski@ChoiceRealtyPartners.com
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