Thursday, January 29, 2009

Sale closed in Ridge Acres of Westen Springs

4427 Harvey in Ridge Acres On the market for 905 days this home was originally listed for $1,295,000 and was lowered to $945,000 on December 4, 2008. The home closed for $915,000 on January 29, 2009. This home has 4 bedrooms, 4 1/2 baths, 12 rooms plus a 3 car garage. It sits on a 50 x 214 lot and has a finished basement. Call me to start looking, there are some good deals out there! Linda Hanley Kelly, 708-334-5356

Monday, January 26, 2009

Cool older home for sale in Riverside

Riverside, Illinois
If you aren't one of those buyers who is looking for a new home here is a really cool house for you. I was out showing homes this week-end and I thought I would share this one with all of you. It sits on a 100 x 293 foot lot. Lots of character and charm! Call me today to start looking for your dream home. This one is listed for $1,099,000. Linda Hanley Kelly, 708-334-5356.

Sunday, January 25, 2009

Closed in Forest Hills of Western Springs

5301 Woodland Avenue in Forest Hills of Western Springs
Originally listed in May of 2005 for $1,300,000.00
This home was not yet built at that time. Total market time in the MLS was 1016 days.
5 Bedroom 5 1/2 bath home with 2 fireplaces, finished 3rd floor and finished basement, radiant heat, steam shower and a 3 car garage. Closed on January 23rd, 2009 for $1,035,000.00.
If you are planning a move give me a call. Linda Hanley Kelly 708-334-5356!

Friday, January 23, 2009

Closed in Forest Hills of Western Springs

5142 Lawn Avenue

Forest Hills of Western Springs

The new home closed on January 23, 2009. Originally listed for $1,469,000 and lowered to $1,349,000. This home was on the market for 562 days. It has a finished lower level with a wine cellar and media room, a finished 3rd floor, 5 bedrooms, 4 1/2 baths, 2 fireplaces on a 60 x 187 lot. Sale price: $1,240,000.00

Call me today for a home appraisal-Linda Hanley Kelly, 708-334-5356

Closed in Field Park of Western Springs

Closed on January 23, 2009
4332 Johnson Avenue in Field Park
4 Bedroom, 2 1/2 bath on 80x131 lot
63 days on the market

Originally listed for $695,000, reduced to $625,000 and Closed for $580,000.00. This home was built in 1930.

Monday, January 19, 2009

What is happening in Western Springs this year!

Just a little real estate info for all of you. Since the 1st of January 4 homes in Western Springs have gone under contract. There was one in Field Park for under 400,000, a townhome in Commonwealth in the Village that was in the 400's, a home in Old Town in the 500's and a home in Ridge Acres in the 900's. There are still two homes waiting to close that sold before the 1st of the year.

Historically they say real estate's prime selling time starts after the Super Bowl. So watch out for February 2nd!

Sunday, January 11, 2009

Let's compare single family home sales in Western Springs since 2000

Total number of homes sold in Western Springs for the following years:
2000-189 Lowest sale price $150,000.00
2001-177 Lowest sale price $199,000.00
2002-197 Lowest sale price $204,900.00
2003-168 Lowest sale price $217,500.00
2004-178 Lowest sale price $255,000.00
2005-167 Lowest sale price $283,000.00
2006-139 Lowest sale price $290,000.00
2007-119 Lowest sale price $300,000.00
2008-120 Lowest sale price $270,000.00

Tuesday, January 6, 2009

Closed in Forest Hills of Western Springs

5312 Woodland in Forest Hills
This is a new home that was originally listed in Sept. 2005 for $1,399,900. It was on the market for 185 days and taken off in Feb. of 2006 at the list price of $1,449,000.
Back on the market in March 2006 for $1,449,000 where it stayed for 281 days.
Put back up for sale in Feb. 2007 for 1,449,900 and was on the market for 274 days and taken off at a list price of $1,299,000
Back on in Feb. 2008 for 1,299,000 and reduced to 999,000 in November 2008. It sold in December and closed on January 6th, 2009 for $902,500. This was a short sale. Another 295 days on the market!
This is an example of what has been happening to many new homes in the past 2 years. I personally have been a realtor for 32 years and what started out on many of these home to sound like a fair asking price quickly became unrealistic because of so many market changes. Short sales are affecting everyones values. Many of the banks have been slow in responding to offers that would have been much higher than the ultimate sale price. Hopefully the banks are working on having people available to respond to offers that create a short sale . If these homes can all be sold and taken off the market we can start to get a more level playing field. In the meantime there are some great buys out there. Call me to see them!
This home has 12 rooms, 5 bedrooms, 5 1/2 baths, finished basement .
Linda Hanley Kelly
Charles Rutenberg Realty