Posts Categorized: Home Buying

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High Home Demand With Low Inventory Levels In Lombard

Much like Elmhurst and Hinsdale, demand for well priced single family homes in Lombard is high but the inventory is super low. We recently sold an adorable 3 bedroom ranch home in Lombard with an overwhelming response. Within 2 days we had 16 showings and on the second day we had an accepted offer. The number of buyers… Read more

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5 Reasons Why Winter Is The Best Time To Buy A Home In The Chicago Area

5 Reasons Why Winter Is The Best Time To Buy A Home In The Chicago Area You aren’t fighting with the masses of buyers who start shopping in spring Less competition means sellers are more eager to hear from you Less competition means more good-value opportunities to choose from Less buyers means your real estate broker… Read more

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Elmhurst Real Estate Market in 2012

2012 was a good year for real estate in Elmhurst. Single family home sales volume was up by from $154mm to just over $158mm in 2012. While the average sales price decreased marginally from $404k to $402k the number of units sold increased over 15% from 382 units in 2011 to 446 in 2012. In… Read more

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Addison, Illinois Real Estate Market: Single Family Home Sales

Because I live and work in Addison, Illinois and am active in the Addison Chamber of Commerce, I frequently look at data relating to the Addison Housing Market.  Today, I reviewed all single family home sales in Addison over the last four months (October 2011 through February 1, 2012.  55 single family homes sold ranging… Read more

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Elmhurst Real Estate Market Review: A Look Back into 2011 and 2010

2011 Elmhurst Real Estate Market Elmhurst Condominium Market In 2011, Elmhurst Condo sales were down drastically over 2010 with nearly $25mm dollar in volume sold in 2010 reduced to just over $11mm in  condo sales in 2011. In 2011, just 50 condo and townhome units sold in Elmhurst, compared to 108 in 2010. In 2010,… Read more