Chicago Edison Park Real Estate Market Conditions & Reports, Chicago Edison Park Market Trends, Illinois

Market Commentary Provided by Craig Fallico
If you can qualify, now is an exceptional time to buy a home in Chicago Edison Park. Low rates with low home prices makes a home purchase a great value! Call now for more information at 847-226-0834

Report Date

Fall 2009

Search For Homes in Chicago Edison Park
City:
Property Type:

Minimum Price	Maximum Price

Min. Beds	Min. Baths

CONNECT WITH A LOCAL PROFESSIONAL

Craig Fallico
RE/MAX Properties Northwest
Park Ridge, Illinois
847-226-0834
fallico@agents.househunt.com
Agent Home Page

Nearest Metro Area

Downtown Chicago

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

The entry level priced homes are moving very quickly!

Average Home Price

$350,000 - View Graph Trend

Best Selling Price Range

$250,000 - $299,000

Worst Selling Price Range

$500,000 - $549,000

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Multiple Offers Commentary

On entry level yes, all else no.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Chicago Edison Park is

Increasing

Seller Activity for the past 90 days in Chicago Edison Park is

No Change

Is Financing Available For Qualified Buyers in Chicago Edison Park?

Yes

Comments on Financing For Qualified Buyers

FHA financing has been very popular thanks to government incentives.

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

10-15%

Housing Hot Spots

Most cities within the Cook County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Good economic news

Average Sold Price

$350,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...