Property for sale in Illinois
If you are interested in buying property for sale in Illinois we want to analyze the real estate market of two of the most important cities of Illinois: Naperville and Chicago.
Naperville is a city in the United States of America, in DuPage County, it is the largest city in Illinois by population.
In May 2018 on average, property for sale prices sold in Naperville recorded a positive increase of 3.2% compared to May 2017.
During the month of May 2018 the real estate market of Naperville is constituted in 97.7% of the sales of traditional houses. This is an increase compared to April 2018 of 0.5% and an increase compared to May 2017 of 0.8%. Increasing spending on traditional home sales is a good sign for the market. Higher percentages of home sales, higher percentages of short sales and foreclosures drive market prices. More foreclosures and short sales are on the market, lower the market prices, even for traditional homes.
Are you interested in buying a new home or a new property for sale in Illinois and you do not know where to start? The Illinois real estate market can sometimes be unpredictable, which makes buying a property for sale in Illinois complicated.
Throughout the state, sales of single-family homes and condominiums in the last year have been down 5.1%.
The average price for homes in Illinois has reached $ 185,000, which is an increase of 8.8% over a year ago.
In the summer it is expected that the market will be great for sellers and not for buyers interested in property for sale in Illinois.
In the first quarter, the hottest places in the real estate market are six Chicago neighbourhoods and a dozen suburbs.
These are cases in which we talk about a year ago: more houses sell, a higher and faster price, on average, than they are in the first quarter of 2017.
In dozens of other locations I have attractive prices in many high-priced areas, including Logan Square and Lakeview. In others, sales are down, partly due to a narrow inventory of homes for sale. Among these: Schaumburg, which had a good case on the market for only a month and a half of sales.
In the city of Chicago most of the strong neighbourhoods are on the south side, where the repurchase of distressed properties and new constructions on previously abandoned lots has
transformed some areas in recent years. The Grand Boulevard is part of Bronzeville, where an impressive building boom is under way. Sales of new condominiums in the neighbourhood have the average price of homes up to almost 29% in the last year.
Something similar is happening in Calumet Heights, on the south-east side around 90th Street and Jeffery Boulevard.
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