Posts Categorized: Market Insights

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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

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Elmhurst Condo and Townhome Market Stable

Comparing the one year period of time ending on September 24, 2011 and the same period of time the prior year, the volume of sales has been pretty consistent, with 52 sales of condos/townhomes in Elmhurst this year and 54 at the same time last year.  Sales of distressed properties (foreclosures and short sales) have… Read more

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Opportunity Abounds for Home Buyers in Addison

2011 has been a tumultuous year for home sellers, and here in Addison, there’s no exception; 57% of the properties sold were distressed sales -that almost a 10% increase over last year at this time. With nearly 60 % of sellers in trouble or already gone, prices are on the decline. Between 1/1/11 and late… Read more

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Think You Can’t Afford to Live in Hinsdale? Think Again!

Ahh, spring is in the air here in Chicago land.  For me, spring always brings a sense of optimism and hope.  For those of you who wish to live in Hinsdale, there are some great opportunities.  For example, you can get this two bedroom condo at 300 Claymoor #3E.   The Claymoor complex is actually very nice… Read more

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What’s Going on in the Addison Illinois Real Estate Market?

The answer to that question isn’t exactly pretty. Like many other communities the Addison Real Estate Market has been brutal for sellers in 2010 and the picture isn’t getting brighter any time soon.  Of course, the picture is pretty bright for those folks who are looking for a bargain.  But for sellers or responsible mortgage… Read more