Orland Park, IL is a very popular southwest suburb of Chicago. In fact, it was on Money Magazine's Top 100 Places to Live. So how many Orland Park homes are currently up for sale? Today there 272 homes on the market.
The lowest priced home is $89,900! Keep in mind, the average sale price in Orland Park for 2011 was $318,088. So this home is priced really low. In fact, it's the only home priced under $100,000 in the village. It appears to be cute and has some updates, but there is some kind of mold report that makes it look like there is some kind of mold on the property. I think that's why it is priced where it is.
There are 23 homes priced under $200,000, which is a good amount considering the average price of Orland Park homes. Some of these are short sales and foreclosures, but there is a good selection.
On the top of the range is a home priced at $2,200,000 that's been on and off the market since 2004. Although the price has been reduced over the years, it's not that far off from the original list price of $2,499,900. It's not easy selling a multi-million dollar home in our area. They are selling in New York and California, but it's a tough sell in the southwest suburbs of Chicago. The home is gorgeous and sits on a big lot. I hope they can find themselves a buyer soon.
If you're looking for a home in Orland Park or any other southwest suburb, give Judy Orr a call at 708-536-8200.
Saturday, March 24, 2012
Thursday, March 8, 2012
2011 Homer Glen Real Estate Sales Stats
You can now view Homer Glen real estate sales statistics starting from 2005 and going through 2011. Comparing single family Homer Glen homes from 2010-2011, there was an 8.6% increase in amount of homes sold but a 5.8% decrease in average sale prices. We would certainly prefer to see prices increase, but at least the decrease remains in single digits, unlike some areas. The last time we saw a double digit price drop was in 2009.
Homer Glen condos and townhomes showed double increases. There was a huge 142.9% increase in the amount of attached properties sold! Prices increased by 8.9% and this is the 2nd year in a row that prices have increased. However, I think ground is being covered by a big 31.7% decrease in prices in 2009.
You can view the charts of both single family and attached Homer Glen real estate by clicking the link.