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New data released this week shows Chicago area home prices fell 0.8 percent in February.
In February, Chicago-area home prices dropped for the sixth straight month according to new data released this week by S&P/Case-Shiller. The data reflects single-family home prices fell 0.8 percent in February compared with January. However, Chicago area home sales prices were up 5.1 percent compared with Feb. 2012, which is the second smallest year-to-year increase after New York in a 20-city index provided by S&P/Case-Shiller, reported Crain's Chicago Business. “Home prices continue to show solid increases across all 20 cities,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in a statement. “The 10- and 20-city composites recorded their highest annual growth rates since May 2006.” Local prices are down …
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Here are some foreclosures for sale in the 60048 ZIP code.
These are among the foreclosed homes for sale in Libertyville, according to AOL real estate listings. Click on each listing to view photos and more property details. 140 Woodland Rd., Libertyville, IL 60048 2 bed/2 bath $187,900 1479 N. Milwaukee Ave., Libertyville, IL 60048 2 bed/2 bath $199,900 Lot#10 Alexandra Dr., Mettawa, IL 60048 4 bed/6 bath $2,498,000 Read more: Homes For Sale in Libertyville This Week
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If you have $1.95 million, you could own the Libertyville home of former Chicago White Sox hitter Frank Thomas.
The home of former White Sox player Frank Thomas at 1515 Sunnyview Rd., in Libertyville has a total of 15 rooms. List Price: $1.95 million Built: 2009 Square-Footage: 5,793 Bedrooms: 6 Bathrooms: 6.1 Listing Agent: Valerie Dunn of Century 21 Kreuser and Seiler. According to a story in chicagomag.com, the home also has a gym, theater, wine-tasting room, hot tub and sauna.
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Twenty-five percent of Libertyville homeowners own their homes outright.
Communities with a large segment of senior citizens or high median incomes tend to have the highest percentage mortgage-free homes, according to Crain’s Chicago Business. In Libertyville, 25 percent or 5,839 of homes are mortgage free, according to Crain’s analysis. Here’s a look at neighboring communities: Community Percentage of Mortgage-Free Homes Grayslake 12.4% (6,188) Libertyville 25% (5,839) Vernon Hills 15.9% (6,906) Antioch 15.2% (3,695) Lake Villa 10.4% (2,259) Lindenhurst 12.1% (4,452) Lake Zurich 13% (5,518) Round Lake Beach 12.4% (6,458) Gurnee 16.8% (8,475) Related:
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See what homes in Libertyville and Vernon Hills are listed in foreclosure on AOL Real Estate.
Illinois home foreclosure activity is four times the national average, reports Chicago Real Estate Daily. Data reflects nearly 138,000 homes in Illinios were in "foreclosure inventory" at the end of the first quarter, 36 percent higher than the same period last year, according to the story. The highest increase was in the number of pre-foreclosure homes pending repossession, reported Chicago Real Estate Daily. Area home foreclosures listed on AOL Real Estate include:
In 2012, Libertyville homes sold for 1.5 percent less than they did in 2011, Chicago Magazine reports.
Home sale prices in Libertyville have dropped slightly, according to a recent Chicago Magazine article. The article profiled what homes cost in several suburbs and Chicago neighborhoods. Along with Libertyville, home sale prices are also down in neighboring Grayslake, Lake Zurich and Buffalo Grove, but up in Vernon Hills. The magazine’s data shows the median sale price for a Libertyville home in 2012 was $400,000, down 1.5 percent from 2011, and 20.8 percent since 2006. There were 308 home sales last year in Libertyville, with homes staying on the market an average of 169 days, the magazine reports. Most Chicagoland suburbs have experienced a decrease in home sale prices, making now a great time to buy, according to economists. Zillow …
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The price of homes in Lake County was up 12 percent in Lake County in February 2013 compared to February 2012.
Home sales and prices were higher in February in the seven-county metropolitan Chicago real estate market, according to an analysis by RE/MAX. The number of homes changing hands increased 21 percent and the median price of a home sold last month climbed 4 percent when compared to February of last year. In its analysis of home sales reported by Midwest Real Estate Data, LLC, the regional multiple listing service, RE/MAX found that February home sales totaled 5,843 units, up from 4,840 a year ago, while the median price advanced to $141,000 after coming in at $135,900 during the prior February. The average market time, which is the time that a home sold in February spent on the market before a sales contract was signed, fell from 175 days in…
9:17 am on Thursday, March 14, 2013
It is good to see the housing market turning around. Finally a positive news story reported.   more ›
The median sales price is up 4 percent compared to November 2011, according to RE/MAX.
November generated the same robust home sales activity with higher prices that characterized the metro Chicago real estate market in October, according to RE/MAX. Those findings are based on an analysis of transaction data compiled by Midwest Real Estate Data, LLC (MRED), the regional multiple listing service. November sales of attached and detached homes in the seven-county area totaled 7,500 units, which is 37 percent more than in November 2011. The median sales price was $155,000, up 3.3 percent from the $150,000 median price recorded 12 months earlier. Average market time, which is the average number of days a home sold in November was on the market before a sales contract was signed, fell from 170 days in November 2011 to 136 days in …
Jan Leasure
10:16 am on Sunday, May 19, 2013
All of these lovely homes will probably require home financing. When shopping for your home mortgage, shop local! Call me! Diamond Residential Mortgage 60048!   more ›