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Winter 2012 Market Update
there are good deals to be had, but you have to play/submit offers. Sellers are negotiable!
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| Average Home Price | $475,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Lincoln Park is | Increasing |
| Seller Activity for the past 90 days in Lincoln Park is? | Decreasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | No |
| Comments on Financing For Qualified Buyers | banks are reluctant to lend. I don't see this changing even for 'qualified' borrowers |
| Housing Inventory | Limited Supply |
| Inventory Comments | Lincoln Park is not your typical mkt. demand remains high and given the retracement in home prices, many home sellers are opting to wait out the economic down turn. |
| Greatest Activity | Investors |
| Reason to Buy/Sell | Lincoln Park remains one of the most desirable neighborhoods in chicago. with the retracement in prices, now is a good time to buy in this area. |
| Nearest Metro Area | Downtown Chicago |
| Housing Hot Spots | Streeterville, Lakeview, Bucktown, |
| Average Sold Price | $475,000 - View Graph Trend |
Lincoln Park Local News
News for Lincoln Park, IL - June 15th, 2010 3:29pm
Overall the mkt in Lincoln Park continues to hang in there. Prices seem to have stabalized (but for how long?) and we had a nice up tic in number of sales over the last 30 days which means that inventory has thined out so there is a lack of supply at certain price levels. I am seeing those that do not have to sell are sitting tight. Although interest rates remain at record low levels, this will not be enough to bouy the mkt. The housing mkt remains very troublesome and I expect prices to continue south through the remainder of 2010 and into 2011 with both prices and volume trailing off.
Contact Information
Quentin Green II
773-418-5359
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Quentin Green II
Lincoln Park Homes
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 773-418-5359
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