Palos Park Prices Went Up in 2011

It's statistics time and I'm busy updating real estate sales stats for the southwest suburbs I work in the most.    I've got updated data for single family Palos Park homes. Click the link and you'll see real estate sales stats from 2005 through 2011. The charts will show amount of homes sold and average sales prices for the different years.

Although the amount of sales took a double digit decrease, average sale prices actually went up by double digits.  In fact, Palos Park took back it's #1 place as the most expensive southwest suburb.  Lemont beat out Palos Park in 2010.

Another stat you might find interesting can be found by clicking Palos Park real estate supply and demand 2011.  You'll see the chart that shows exactly what a Buyer's Market is.

Orland Park Homes 2011 Sales Statistics Are In

The stats are in for all of 2011 for single family Orland Park homes.  Click the link to go to a blog post showing the data comparing the amount of sales and average home prices from 2010 to 2011.

There was a small (6%) uptick in the amount of homes sold in 2011, but the average sales prices dropped double digits (-11.9%).  It's great to have more buyers out there purchasing Orland Park homes, but sellers certainly aren't happy seeing these constant price reductions.

One of my buyers told me today that they heard that things were going to continue getting worse.  I've been feeling positive and I've been very busy working with buyers.   I'm seeing a lot of activity for this time of year.  If this activity continues this could be my best year yet.

I didn't expect Orland Park homes to drop by double digits.  I also thought we'd see a much higher figure for amounts of sales, so these figures surprised me.  I'm going to continue feeling positive about the upcoming year and working with my happy buyers and getting my listings sold.

If you're looking to purchase and/or sell this year, give Judy Orr a call at 708-536-8200.