Market Expert Handout - Chicago Real Estate Market - May 2011

Key points of Discussion – Market Expert Classes – May 2011
After months of discussing the Keeping Current Matters materials, a key point that we must
focus on as “Real Estate Advisors” is the presentation of layers of materials to justify our case.
Pricing data is not enough to justify our position, we must build a tiered case of facts around
ALL factors that contribute to the real estate market of today.

We know that some (but not all) of these contributing factors are as follows:

• House pricing
• Home buyer mentality
• Mortgage rates
• Consumer Confidence Index
• Unemployment Numbers

To truly build our case for home pricing and purchase, we need to use ALL of these factors
together when discussing our clients’ options. While we gather much of this information from
the presentations of Steve Harney and his Keeping Current Matters team, the local numbers
provided today should assist in brining your arguments local.

Some key points in these materials:

1. Crains Article – Great @properties promotion and the idea that home sellers are
beginning to understand what they must do to sell.
2. Explaining Mortgage Deductions – a great article and link to online calculator that
describes the benefits of owning a home
3. Rent or Buy – the New York Times and Trulia provide great data showing why Chicago is
a better “buy” for home shoppers.
4. CAR Fast Stats – The Chicago Association of Realtors provides amazing data in various
formats on units and sales price for many Chicago (and suburban) neighborhoods
5. Strategic Defaults – a recent article from Mary Ellen Podmolik of the Chicago Tribune
describing the growing trend of strategic mortgage defaults.
6. Unemployment Numbers Decrease in Chicago – down to 8.7% Chicago unemployment
numbers have decrease for the last 15 months and are now below National numbers.

7. Consumer Confidence Grows – Last month the consumer confidence index posted its
highest numbers since 2008.
8. Mortgage Rates – hit their highest mark in the last 12 months in February of 2011
causing some home buyers to write – while others wait to see.
9. Chicago “for sale” Inventory hits its lowest mark in the over 2 years
10. Long Term Effects of the Homebuyer Tax Credit – a year later we are starting to see
signs of true recovery, without government intervention.

The charts that follow are pulled for the Chicago market, (77 MLS areas), for all housing types
combined using the Agent Metrics program (available for download at www.MREDLLC.com).
When discussing these numbers with one another take into account the tax credit dates (under
contract date – April 2010, closed contract date – August 2010* adjusted) as well as other
factors such as consumer confidence, mortgage rates, and unemployment numbers. These
factors when explored and accounted for together, will help you to create a trustworthy “case”
to justify your client advisement for their current, and future, well being.

You are the solution to the current real estate market.

5/20/2011 Print Story

CHlCAGOBUSINES,S Print Story Printed from ChicagoBusiness.com
- POWERil) IIY UAIN'S-

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From this week's Business of Life

Home sellers move beyond denial, accept lower
values when setting price Article available at http://www.chicagobusiness.com/
article/20110507/ISSUE03/305079994/home-sellers-move-
By: H. Lee Murphy May 09, 2011 beyond-denial-accept-lower-values-when-se

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This is what passes for a victory in the
housing market these days: Homeowners
are no longer in denial about how little their
properties will fetch.

Several years into the downdraft in
residential real estate, manysellers
around Chicago have moved past shock,
anger and disbelief, givi ng way to subdued
resignation. Those w ho have stopped
fighting their agents on pricing are allowing
deals to be made quicker.

"A lot has changed," says Elise Rinaldi , an
agent in the @Properties office in
lvlnnetka. "Three years ago, w hen this
decline was still new, people insisted that
Pamela Zdunek, left, recently sold her house on Old Green Bay
the marketwould come back and refused
Road in Glencoe. Elise Rinaldi was one of the agents inIOived in
to mark down their listing prices. Now
the sale.
people are accepting this landscape.
Photo by: John R. Boehm
TheYve had the recession and the depth of
this decline blasted at them by the media,
and theytre far more w illing to go along with the market.

"Our jobs have become somew hat easier as a result."

There has been a lot for homeowners to adjust to. According to the Standard & Poor's/Case-Sh iller Index of
Chicago-area single-family homes, prices have plum meted 31% since the market peak in September 2006.
There have been portents of recovery in the past year, but prices are down nearly8% in that time.

rv1anysellers have had to stare dow n the cold, hard realityofcomparable sales , regardless ofthe factors they
feel make their property unique.

NO LANGUISHING

Nichole Converse-Hum phreyand her husband, Scott, listed their Glencoe home for $1.65 million in rv1arch. The
price was in keeping with similar four-bedroom brick Georgians in the neighborhood , but Ms. Converse-
Hum phreythoughtthe home's proxim ityto them iddle school and the com muter train station made it worth more
than the others.

"Ne paid $1.8 mill ion for the house four years ago, and I was hopi ng to list it at $ 1.7 m ill ion and get something
close to that," says Ms. Converse-Humphrey, 40. "Our broker suggested we'd get more traffic if we priced it
lower. It turned out she was right: VVe had lots of people looking on the first weekend and got an immediate offer
and accepted it. Essentially the house was on the market for just 24 hours. Ne hope to close on the sale by the

chicagobusiness.com/article/. ../305079994 ... 1/4

5/20/2011 Print Story
end of May."

Stephen Haas, a broker at Koenig & Strey Real Living in
Glen Ellyn, took over a listing in Vtheaton recently that had
languished on the market for three years. Originally listed at
'I didntwantthe house on
$1.2 million, it was marked dow n to $850,000 by Mr. Haas
late last year and sold in a week at $815,000.
the market lor six months
That had to sting, but it got the job done.
or a vear hoping lor a
"In this market, pricing a house too high is a waste of m y
better price.'
-Pamela Zdunek, homeowner
time and my clienfs time," Mr. Haas says.

In a previous job, Ms. Rinaldi worked on a listing for Pamela Zdunek, w ho with ex-husband Clifford Sladn ick
owned a 5,000-square-foot home they built in 1998 on Old Green Bay Road in Glencoe. They put it up for sale
last year. Ms. Zdunek, 51 , calculated that the house was worth about $2.8 million at the market peak. She held
out hope that she might get $2 .2 m iIlion for it.

Instead, Ms. Rinaldi persuaded Ms Zdunekto list the housefor$19 million

"Elise explained to me that the $2-m ill ion mark was a critical threshold. Houses similar to ours listed at $2.2
million had been sitting on the marketfortwo years and more," says Ms. Zdunek, a non-practici ng lawyer with
four ch ildren. "It was prettytough, but I understood in the end. I was going to lose money in the same waythat
people woke up and found their stock market portfolios were suddenly worth half what they had once been
worth."

Mthin four days of listing the house, two prospective buyers made offers. Bythe sixth day, Ms. Zdunekaccepted
the higher bid, $1.82 million.

"I didn't want the house on the market for six months or a year hoping for a better price," she says. "At some
point buyers begin to think there is something w rong w ith your house."

Indeed, real estate agents are increasingly pushing sellers to price aggress ively at the start rather than
choosing a wished-for number and hoping to get lucky. Too often price "adjustments" become necessary, giving
the house a stigma.

A recent studyby@Properties finds that houses with no price adjustments from the opening listing sold, on
average, atalmost95% of listing price at 122 days on the market. Houses that wentthrough one or more
adjustments-typically meaning that the asking price was originally too high-took an average of 218 days to
sell and garnered less than 80% of the Iisting price.

That's a big gap. "Simply put, the houses that are sell ing quickly today are the ones that have been priced right
from the start," says Matthew Dollinger, vice-presiden t of strategic development at @Properties in Chicago, who
counsels agents on listing practices. "Selling a home has become like opening a new restaurant or club: You
want the buzz and promotion and red ropes out front right from the start. Lower prices draw lots of couples who
want to look, and that creates a positive energythat puts the property in demand."

Miss the splashy opening salvo, and the quest to sell can become a slog.

UTILE INTEREST

Paige Dooley, an agent at Hudson Co. in Winnetka, put a house in Winnetka up for sale in May2009 at $2.8
million. The ow ners had paid $2.29 million for the house, which had unusual12-foot ceilings and a stunning
panorama of private gardens, in 2003 and then sunk more money into renovations.

"I knew the asking price was too high, but the ow ners wanted to see w hat they could get," Ms. Dooley says.

Diana lvas, left, of the ReJMax Elite office in Hinsdale, with client Gayle Panos. Ms. Panos and her husband
found that interest in their house spiked after they tweaked the price. Photo: John R. Boehm

The house got precious little attention. The asking price was lowered to $2.6 million in July2009, then $2 .5
million in February of last year, then $2.3 million in March. In July, the sellers bit the bullet and went down to
$1.99 mill ion. Wthin a week it was under contract, eventually selling for $1 .9 mill ion.

chicagobusiness.com/article/. ../305079994 ... 2/4

M Mortgage Tax Deduction ...

+- C Q www.money-zine.com/Calculators/Mortgage-Calculators/Mortgage-Tax-Deduction-Calculator/
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Mortgage Tax Deduction Calculator

One of the nice things about a mortgage is ttat the internt charges are
deductible from your federal income taxes. If you want to know just how 100eh
you can deduct, then try OU1' IIIOrtiage tax deduction calculator. It P<ov1des you with the
total interest charees I tax. deductions over the tife of a mortgage as 'n'f!l as an amor-tization
taHe.
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Our Monthly Newsle tte r

Nortgage Tax De6.Jction
• 1 "" T ler

Tolal Home loan Amount (S) 100.000.0C1
0 SHARE IJ t 181 ...
Annual Interest Rate r;.) 6.000~.

Tenn of the loan (Years) 30
Federal Tax Rate r;.) 33.0%

Calculaor Reds:
Morchly Paymere (S I Marth) 599.55
Total Paymeres (S) 215,838.19
Tolallnlereot Paid I Dedx:tion (S) 115.838.19
Tolal Tax BenefC (S) 38226.60

Principal Tax Deduction
Year 1 (S) 98.771 .99 5.966.59
Year 2 (S) 97.468.24 5.890.85
Year 3 (S) 96.084.07 5.810.44
Year 4 (S) 94.614.53 5.725.07
Year 5($) 93.054.36 5.634.43
Year 6 (S) 5.538.20

REASONS TO BUY A HOME - THE MORTGAGE INTEREST DEDUCTION

While having lunch with a Realtor friend of mine yesterday, he commented that most of his
colleagues still have a hard time explaining to potential buyers the benefits of Home
Ownership. There is a layer of negativity that is hovering over our industry right now. It's not just
media. It is very real, to everyone out there, owner or renter. We know people underwater on
their mortgages. We have friends and family members that are suffering through the
foreclosure process or a short sale. Relatives that are enduring problems within condo
associations or who cannot get their mortgages refinanced or modified, even though it seems
that the bank would want to help them. Given the circumstances, it's really not that hard to
believe that the very professionals who are supposed to be out there promoting home
ownership, can't give a ringing endorsement for owning a home!
The Mortgage Interest and Property Tax Deductions are probably the most tangible and easily
sold benefits to Home Ownership, but also the least understood. Even I don't like getting into
this one, in a general sense, because every individuals taxes are different and I am far from a
CPA. So, I went online and pulled tax forms from irs.gov and put together a very simple
example of how much owning a home can save a single property owner in a given year.
For this exercise, I am assuming the following. The tax payer is a Single Man or Woman,
makes $75,000.00 a year and purchases a $200,000.00 home at 5% down. That would have
them carrying a mortgage of $237,500.00. I used an interest rate of 5% on a 30 Year Fixed for
my calculations. The only other assumption I made here is that the tax payer puts 10% into a
401K, reducing their taxable income to $67,500.00.
Taking the standard deduction of $3650 this year, that leaves their taxable income at $63,850
and leaves them with a tax in 2010 of $12,150.00.
Now, using the assumptions above, in the first 9 years of Home Ownership, the tax payer would
pay no less than $10,000.00 in mortgage interest. In our area, they would also typically pay
about $3750 in property taxes, which is also an itemized deduction associated with owning a
home. That puts their Schedule A deduction between $15500 the first year in the home and
$13750 by year nine. Now, here's what happens. That deduction reduces the taxable income,
dollar for dollar. Subtracting that from your $63,850, puts the tax payer in a lower tax bracket,
thus reducing there overall tax to around $8300. So, the home owner, between years 1 and 9,
will save an estimated $3500-$3800 per year. That's $31,000.00 over nine years. Those are
real dollars, not paid to the IRS, and a huge benefit to owning a home.
Now, this scenario is going to be different for everyone buying a home, but that's how it
works. The Mortgage Interest Deduction is a very real, tangible benefit to owning a home. One
that comes with a dollar sign attached!
Joe Burke Read the full post at
Your Chicago Mortgage Guy www.yourchicagomortgageguy.com

773-742-6707
joe@yourchicagomortgageguy.com

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YOUR INFORMATION Buying is better than renting after 5 years. AOVANCEDSETnNGS•

Monthly rent
1, 100 Annual home price change +2% Annual rent increase or decrease +3%
Buying is better
~ CJ Renting is better
Home price ·10 0 10 20 30 ·10 0 10 20 30
172,000 $20,000

Down payment (%) $34.400 $15,000
20.0
$10,000
Mortgage rate(%) $781
$5,000
5.50

Annual
property taxes (%) 52.322
-$5,000
1.35
-$10,000

-$15,000

-$20,000
YEARS FROM NOW 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Y EAR-BY-Y EAR ANALYSIS Spent in Cumulative spent Spent in Cumulative spent
Year 6 Buy ing year 6 from years 1 to 6 Renting year 6 from years 1 to 6

PURCHA SE COSTS INITIAL RENTING COSTS
If you stay in your Down payment 34,400 Rent deposit 1,100
home for 6 years, Closing costs 6,880 Broker's fee 0

buying is better. YEARLY COSTS YEARLY COSTS
Mortgage payment• 7,988 47,564 Rent 15,302 85,383
It will cost you Principal 2,439 12,813 - Renter's insurance 202 1,127
Interest• 5,549 34,751 -
$ 10,460 less Condo/common fees• 0 0
Property taxes• 2,092 11,952 -
than renting, Utilities 7,570 •
1,325
an average savings of Renovations 968 5,533 •
Maintenance 968 5,533 •
$ 1,74 3 each year. Homeowner's insurance 891 5,091 I

LOST OPPORTUNITY COSTS LOST OPPORTU,UTY COSTS
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9trulia·Rent vs. Buy Q2 2011
:#Tweet 314 () like 2K ~ Send

Trulia's Q2 2011 Rent vs. Buy Index provides guidance to help you better to rent or buy in each of
America's 50 largest cities by population. Click here for the full mel·hod

~u u Rent:Buy Ratio Rent Price Rent Price list Price

San Fra nci.

SanJose •

Los Angeles

San Antonio

• 31 . 35 M ore affotd.able to rent
•
•
· 26 · 30
21 . 25
16 . 20 Renting less expensive, but buying might be better
. , - 15
• 6 · 10 M ore afforda ble to buy

2011 YEAR TO DATE ESTIMATES FOR THE STATE, METROPOLITAN AREAS, MICROPOLITAN AREAS, COMBINED STATISTICAL AREAS
COUNTIES, CITIES, LOCAL WORKFORCE AREAS AND ECONOMIC DEVELOPMENT REGIONS - NOT SEASONALLY ADJUSTED
Scroll down to see full content of report
City of Chicago
LABOR UNEMPLOYED
Unemployment Rate
AREA YEAR MO# FORCE EMPLOYED NUMBER RATE Numbers
CALUMET CITY 2011 1 17,708 15,503 2,205 12.5
CALUMET CITY 2011 2 17,658 15,562 2,096 11.9
CALUMET CITY 2011 3 17,703 15,655 2,048 11.6
CARBONDALE CITY 2011 1 14,448 13,533 915 6.3
CARBONDALE CITY 2011 2 14,688 13,847 841 5.7
CARBONDALE CITY 2011 3 14,764 13,967 797 5.4
CAROL STREAM VILLAGE 2011 1 22,569 20,796 1,773 7.9
CARPENTERSVILLE VILLAGE 2011 1 19,184 16,366 2,818 14.7
CHAMPAIGN CITY 2011 1 42,985 39,554 3,431 8.0
CHAMPAIGN CITY 2011 2 42,864 39,580 3,284 7.7
CHAMPAIGN CITY 2011 3 43,024 39,936 3,088 7.2
CHICAGO CITY 2011 1 1,301,691 1,169,802 131,889 10.1
CHICAGO CITY 2011 2 1,299,422 1,174,263 125,159 9.6
CHICAGO CITY 2011 3 1,303,076 1,181,243 121,833 9.3
CHICAGO HEIGHTS CITY 2011 1 13,443 11,226 2,217 16.5
CICERO TOWN 2011 1 32,138 27,836 4,302 13.4
CICERO TOWN 2011 2 32,111 27,942 4,169 13.0
CICERO TOWN 2011 3 32,298 28,108 4,190 13.0
COLLINSVILLE CITY 2011 1 14,102 12,853 1,249 8.9
CRYSTAL LAKE CITY 2011 1 22,274 20,285 1,989 8.9
DANVILLE CITY 2011 1 13,210 11,814 1,396 10.6
DANVILLE CITY 2011 2 12,982 11,614 1,368 10.5
DANVILLE CITY 2011 3 13,144 11,817 1,327 10.1
DECATUR CITY 2011 1 36,961 32,586 4,375 11.8
DECATUR CITY 2011 2 36,349 32,017 4,332 11.9
DECATUR CITY 2011 3 36,806 32,604 4,202 11.4

2011 YEAR TO DATE ESTIMATES FOR THE STATE, METROPOLITAN AREAS, MICROPOLITAN AREAS, COMBINED STATISTICAL AREAS
COUNTIES, CITIES, LOCAL WORKFORCE AREAS AND ECONOMIC DEVELOPMENT REGIONS - NOT SEASONALLY ADJUSTED
Scroll down to see full content of report

LABOR UNEMPLOYED
AREA YEAR MO# FORCE EMPLOYED NUMBER RATE

STATE AND METROPOLITAN AREAS

ILLINOIS 2011 1 6,565,729 5,933,320 632,409 9.6
National
ILLINOIS 2011 2 6,532,580 5,916,702 615,878 9.4
ILLINOIS 2011 3 6,573,126 5,974,123 599,003 9.1
Unemployment
BLOOMINGTON-NORMAL MSA 2011 1 91,496 84,632 6,864 7.5 Numbers for the U.S.
BLOOMINGTON-NORMAL MSA 2011 2 92,116 85,257 6,859 7.4 stood at 9.0% ending
BLOOMINGTON-NORMAL MSA 2011 3 92,651 86,242 6,409 6.9 the Month of April
CHAMPAIGN-URBANA MSA 2011 1 121,198 110,858 10,340 8.5
CHICAGO-JOLIET-NAPERVILLE METROPOLITAN DIVISION 2011 1 4,043,468 3,664,655 378,813 9.4
LAKE COUNTY-KENOSHA COUNTY IL-WI METROPOLITAN DIVISION 2011 1 439,745 393,972 45,773 10.4
CHICAGO-JOLIET-NAPERVILLE-IL-IN-WI MSA 2011 1 4,798,649 4,342,817 455,832 9.5
DANVILLE MSA 2011 1 36,894 32,750 4,144 11.2
DANVILLE MSA 2011 2 36,268 32,195 4,073 11.2
DANVILLE MSA 2011 3 36,652 32,758 3,894 10.6
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA, IL PART 2011 1 113,117 102,948 10,169 9.0
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA 2011 1 202,930 185,602 17,328 8.5
DECATUR MSA 2011 1 54,645 48,586 6,059 11.1
DECATUR MSA 2011 2 53,773 47,738 6,035 11.2
DECATUR MSA 2011 3 54,412 48,613 5,799 10.7

News Release 33 S. State Street / Chicago, Illinois 60603
Pat Quinn, Governor
Theresa P. Larkin, Acting Director

Greg Rivara
FOR IMMEDIATE RELEASE Phone: (312) 814-0095
May 19, 2011 www.ides.illinois.gov
www.ILWorkInfo.com

Unemployment Rate Falls 15th Time to 8.7 Percent
Illinois Adds 100,000 Jobs Since Recovery Began

CHICAGO – The seasonally adjusted unemployment rate fell for the 15th consecutive month, dropping
-0.1 to 8.7 percent in April, according to preliminary data released today by the Illinois Department of
Employment Security. This is the lowest unemployment rate since February 2009 when it was 8.6
percent. The national rate in April increased slightly by +0.2 to 9.0 percent. The Illinois rate has been
equal to or below the U.S. rate for seven consecutive months.

“Long-term trends show our economy continues to steadily improve,” IDES Acting Director Theresa P.
Larkin said. “But no recovery is marked by a straight upward line. Even with a growing recovery, slight
up-and-down movement in the unemployment rate and job creation is to be expected.”

Illinois added +9,900 jobs in April. The three-month moving average of seasonally adjusted payroll
employment gain for February through April is +10,900. The three-month context better depicts trends in
the labor market by offsetting fluctuations in monthly payroll estimates.

Since January 2010 when Illinois employment resumed after the national recession, Illinois has added
+100,300 net new jobs. Leading sectors are Professional and Business Services (+39,200); Educational
and Health Services (+26,200); Trade, Transportation and Utilities (+26,100); and Manufacturing
(+14,600). That represents a 1.8 percent job growth, compared to the nation’s 1.4 percent.

In April, the number of unemployed individuals fell for the 15th consecutive month, dropping -6,600
(-1.1 percent) to 575,300, the lowest level since February 2009. Total unemployed has declined -164,800
(-22.3 percent) since January 2010 when the state unemployment rate peaked at 11.2 percent. The
unemployment rate identifies those who are out of work and seeking employment. A person who exhausts
benefits, or is ineligible, still will be reflected in the unemployment rate if they actively seek work.

The IDES supports economic stability by administering unemployment benefits, collecting business
contributions to fund those benefits, connecting employers with qualified job seekers, and providing
economic information to assist career planning and economic development. It does so through nearly 60
offices, including Illinois workNet centers.

- MORE -

Illinois Department of Employment Security: 33 S. State St. Chicago, IL 60603

Seasonally Adjusted Unemployment Rates
3-Month
April March April
Moving
2011 2011 2010
Avg.
Illinois 8.7% 8.8% 10.8%* 8.8%
U.S. 9.0% 8.8% 9.8%* 8.9%
* Revised

Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry
Change
Over from
the Over the Previous
April March April Month Year 3-Month 3-Month
Industry Title 2011* 2011** 2010** Change Change Moving Avg. Mov. Avg.

Total Non-farm 5,680,800 5,670,900 5,614,200 9,900 66,600 5,673,300 10,900
Mining 9,400 9,400 9,000 0 400 9,500 0
Construction 204,400 202,700 203,200 1,700 1,200 202,800 1,200
Manufacturing 567,800 563,600 558,900 4,200 8,900 565,000 1,200
Trade, Transportation, & Utilities 1,144,900 1,140,200 1,126,600 4,700 18,300 1,140,400 2,900
Information 96,400 98,000 102,100 -1,600 -5,700 97,900 -1,300
Financial Activities 353,700 354,500 362,300 -800 -8,600 354,700 -900
Professional and Business Services 819,500 820,900 797,100 -1,400 22,400 819,500 2,900
Educational and Health Services 847,900 847,000 827,500 900 20,400 847,700 1,700
Leisure and Hospitality 524,200 524,000 514,300 200 9,900 525,400 900
Other Services 259,400 260,800 254,700 -1,400 4,700 259,900 1,100
Government 853,200 849,800 858,500 3,400 -5,300 850,700 1,300

* Preliminary ** Revised

Notes:

• Illinois monthly labor force, unemployed and unemployment rates for years 2006-2010 have been revised as required by the
U.S. Bureau of Labor Statistics. In February of each year, monthly labor force data for all states are revised to reflect
updated Census population controls, seasonal factors, non-farm jobs and unemployment insurance claims inputs. Data were
also smoothed to eliminate large monthly changes as a result of volatility in the monthly household (CPS) survey.
Comments and tables distributed in prior Illinois unemployment rate news release materials should be discarded because any
analysis, including records, previously cited might no longer be valid.
• Seasonally adjusted employment data for subsectors within industries are not available. For not seasonally adjusted jobs
data with greater industry detail, go to http://lmi.ides.state.il.us/cesfiles/cescurrent.htm.
• “Other Services” includes a wide range of activities in three broad categories: Personal and laundry; repair and maintenance;
and religious, grant making, civic and professional organizations.
• Monthly seasonally adjusted unemployment rates for Illinois and the Chicago-Naperville-Joliet Metropolitan Division are
available at: http://lmi.ides.state.il.us/laus/icmaur.htm.

- END -

Illinois Department of Employment Security: 33 S. State St. Chicago, IL 60603

Stats available at www.ChicagoRealtor.org
Realtor Tools -> Fast Stats
CHICAGOLAND ASSOCIATION OF REALTORS
April 2011 Sales for Attached Single Family - Listed by TOWN
Coverage Area: CHICAGO

Attached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS
TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD
2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG
CHICAGO - ROGERS PARK 26 29 -10.3% 97,442 168,914 -42.3% 70,250 190,000 -63.0% 164 252 -34.9% 146,485 164,048 -10.7% 129,900 164,900 -21.2% 72 121 -40.5%
CHICAGO - WEST RIDGE 55 44 25.0% 60,527 92,269 -34.4% 49,900 70,250 -29.0% 130 115 13.0% 101,855 156,173 -34.8% 74,950 149,250 -49.8% 84 84 0.0%
CHICAGO - UPTOWN 35 62 -43.5% 174,878 256,514 -31.8% 150,000 247,500 -39.4% 135 179 -24.6% 249,960 236,452 5.7% 247,000 229,500 7.6% 150 196 -23.5%
CHICAGO - LINCOLN SQUARE 13 38 -65.8% 207,292 261,930 -20.9% 140,000 280,750 -50.1% 111 122 -9.0% 236,208 242,802 -2.7% 229,000 229,450 -0.2% 61 86 -29.1%
CHICAGO - NORTH CENTER 23 31 -25.8% 335,343 359,494 -6.7% 335,000 370,000 -9.5% 269 106 153.8% 367,851 371,728 -1.0% 381,200 375,000 1.7% 66 83 -20.5%
CHICAGO - LAKE VIEW 96 144 -33.3% 359,393 353,840 1.6% 376,000 355,000 5.9% 177 167 6.0% 363,583 362,145 0.4% 349,900 332,450 5.2% 315 396 -20.5%
CHICAGO - LINCOLN PARK 47 74 -36.5% 410,452 446,595 -8.1% 405,000 396,500 2.1% 156 144 8.3% 477,688 475,774 0.4% 395,000 416,950 -5.3% 201 230 -12.6%
CHICAGO - NEAR NORTH SIDE 157 182 -13.7% 549,777 517,463 6.2% 337,500 341,500 -1.2% 208 171 21.6% 637,611 534,850 19.2% 395,000 352,515 12.1% 391 619 -36.8%
CHICAGO - EDISON PARK 4 3 33.3% 105,978 185,667 -42.9% 106,455 162,000 -34.3% 200 218 -8.3% 176,283 183,929 -4.2% 161,950 189,900 -14.7% 6 7 -14.3%
CHICAGO - NORWOOD PARK 4 4 0.0% 147,875 133,000 11.2% 79,250 135,000 -41.3% 204 80 155.0% 134,685 164,817 -18.3% 131,900 149,900 -12.0% 13 23 -43.5%
CHICAGO - JEFFERSON PARK 3 2 50.0% 156,667 106,950 46.5% 170,000 106,950 59.0% 404 168 140.5% 149,720 186,450 -19.7% 139,900 171,400 -18.4% 5 30 -83.3%
CHICAGO - FOREST GLEN 1 0 100.0% 67,000 - 0.0% 67,000 - 0.0% 60 - 0.0% 338,133 231,729 45.9% 350,000 219,900 59.2% 3 7 -57.1%
CHICAGO - NORTH PARK 6 2 200.0% 90,063 153,825 -41.5% 65,250 153,825 -57.6% 310 136 127.9% 162,231 175,608 -7.6% 179,900 179,900 0.0% 13 13 0.0%
CHICAGO - ALBANY PARK 9 15 -40.0% 108,794 173,053 -37.1% 64,900 205,000 -68.3% 226 194 16.5% 139,570 166,835 -16.3% 135,700 179,900 -24.6% 37 51 -27.5%
CHICAGO - PORTAGE PARK 4 2 100.0% 46,775 156,450 -70.1% 37,500 156,450 -76.0% 73 506 -85.6% 139,217 175,170 -20.5% 120,000 164,500 -27.1% 23 32 -28.1%
CHICAGO - IRVING PARK 12 17 -29.4% 165,450 230,053 -28.1% 136,950 200,000 -31.5% 321 151 112.6% 201,326 187,112 7.6% 189,000 189,900 -0.5% 45 56 -19.6%
CHICAGO - DUNNING 6 16 -62.5% 95,933 173,438 -44.7% 99,550 163,250 -39.0% 102 207 -50.7% 189,083 174,524 8.3% 184,900 168,500 9.7% 6 21 -71.4%
CHICAGO - MONTCLARE 4 0 100.0% 121,250 - 0.0% 123,000 - 0.0% 205 - 0.0% 93,213 194,900 -52.2% 108,950 194,900 -44.1% 8 2 300.0%
CHICAGO - BELMONT CRAGIN 7 3 133.3% 62,736 104,667 -40.1% 21,400 80,000 -73.3% 151 299 -49.5% 82,600 138,191 -40.2% 94,500 149,000 -36.6% 5 23 -78.3%
CHICAGO - HERMOSA 2 2 0.0% 34,500 111,000 -68.9% 34,500 111,000 -68.9% 38 166 -77.1% - 141,340 -100.0% - 145,777 -100.0% 0 7 -100.0%
CHICAGO - AVONDALE 7 13 -46.2% 206,500 219,485 -5.9% 202,000 260,000 -22.3% 354 173 104.6% 212,525 228,409 -7.0% 199,000 239,900 -17.0% 28 53 -47.2%
CHICAGO - LOGAN SQUARE 12 36 -66.7% 193,125 260,155 -25.8% 210,750 260,000 -18.9% 166 137 21.2% 291,673 281,949 3.4% 280,950 259,900 8.1% 82 107 -23.4%
CHICAGO - HUMBOLDT PARK 4 6 -33.3% 126,750 38,417 229.9% 129,500 13,700 845.3% 289 161 79.5% 145,328 109,585 32.6% 139,900 89,900 55.6% 9 13 -30.8%
CHICAGO - WEST TOWN 67 99 -32.3% 351,411 375,398 -6.4% 344,800 355,000 -2.9% 182 126 44.4% 356,584 372,020 -4.1% 350,000 359,000 -2.5% 197 266 -25.9%
CHICAGO - AUSTIN 7 2 250.0% 46,057 1,550 2871.4% 44,900 1,550 2796.8% 114 278 -59.0% 87,789 119,646 -26.6% 60,000 99,900 -39.9% 9 13 -30.8%
HICAGO - WEST GARFIELD PARK 0 1 -100.0% - 15,000 -100.0% - 15,000 -100.0% - 22 -100.0% 79,900 107,057 -25.4% 79,900 139,900 -42.9% 1 7 -85.7%
HICAGO - EAST GARFIELD PARK 6 4 50.0% 31,192 42,475 -26.6% 32,200 44,500 -27.6% 49 148 -66.9% 112,069 94,491 18.6% 109,000 65,000 67.7% 13 23 -43.5%
CHICAGO - NEAR WEST SIDE 61 79 -22.8% 287,670 312,834 -8.0% 273,900 313,520 -12.6% 145 148 -2.0% 322,685 332,911 -3.1% 274,900 289,900 -5.2% 173 230 -24.8%
CHICAGO - NORTH LAWNDALE 1 1 0.0% 36,000 15,000 140.0% 36,000 15,000 140.0% 23 571 -96.0% 25,575 51,340 -50.2% 24,400 50,000 -51.2% 4 5 -20.0%
CHICAGO - SOUTH LAWNDALE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 35,900 99,000 -63.7% 35,900 99,000 -63.7% 1 1 0.0%
CHICAGO - LOWER WEST SIDE 0 2 -100.0% - 234,450 -100.0% - 234,450 -100.0% - 584 -100.0% 207,657 269,650 -23.0% 224,000 282,000 -20.6% 7 6 16.7%
CHICAGO - LOOP 33 92 -64.1% 404,213 524,713 -23.0% 315,000 402,249 -21.7% 210 113 85.8% 496,093 385,044 28.8% 349,450 295,000 18.5% 122 159 -23.3%
CHICAGO - NEAR SOUTH SIDE 26 56 -53.6% 290,783 459,200 -36.7% 282,250 336,125 -16.0% 228 358 -36.3% 375,093 368,797 1.7% 285,000 299,900 -5.0% 110 155 -29.0%
CHICAGO - ARMOUR SQUARE 1 0 100.0% 308,000 - 0.0% 308,000 - 0.0% 107 - 0.0% 281,169 230,667 21.9% 262,250 228,000 15.0% 8 3 166.7%
CHICAGO - DOUGLAS 3 1 200.0% 50,300 65,625 -23.4% 20,000 65,625 -69.5% 249 3 8200.0% 157,456 180,147 -12.6% 115,000 186,800 -38.4% 17 19 -10.5%
CHICAGO - OAKLAND 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 199,280 284,522 -30.0% 202,450 259,000 -21.8% 10 9 11.1%
CHICAGO - FULLER PARK 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - GRAND BOULEVARD 11 15 -26.7% 53,155 43,433 22.4% 42,500 36,000 18.1% 169 118 43.2% 143,312 135,896 5.5% 82,975 149,000 -44.3% 24 45 -46.7%
CHICAGO - KENWOOD 7 7 0.0% 138,336 110,814 24.8% 137,000 82,000 67.1% 135 210 -35.7% 201,920 218,658 -7.7% 196,000 209,250 -6.3% 26 40 -35.0%
CHICAGO - WASHINGTON PARK 6 7 -14.3% 23,334 65,929 -64.6% 24,750 30,000 -17.5% 95 174 -45.4% 68,346 79,991 -14.6% 55,000 50,000 10.0% 18 19 -5.3%
CHICAGO - HYDE PARK 8 11 -27.3% 169,063 256,364 -34.1% 127,500 245,000 -48.0% 157 152 3.3% 193,436 203,995 -5.2% 152,450 189,000 -19.3% 48 53 -9.4%
CHICAGO - WOODLAWN 11 9 22.2% 54,118 64,689 -16.3% 37,000 22,500 64.4% 126 111 13.5% 87,782 116,183 -24.4% 50,000 74,950 -33.3% 15 18 -16.7%
CHICAGO - SOUTH SHORE 12 14 -14.3% 24,343 40,350 -39.7% 21,250 24,450 -13.1% 126 188 -33.0% 71,932 67,964 5.8% 43,500 50,000 -13.0% 26 36 -27.8%
CHICAGO - CHATHAM 2 5 -60.0% 13,950 43,620 -68.0% 13,950 20,000 -30.3% 92 178 -48.3% 27,675 53,800 -48.6% 27,400 30,000 -8.7% 8 3 166.7%
CHICAGO - AVALON PARK 1 0 100.0% 16,500 - 0.0% 16,500 - 0.0% 44 - 0.0% 27,790 23,000 20.8% 27,790 23,000 20.8% 2 1 100.0%
CHICAGO - SOUTH CHICAGO 1 1 0.0% 29,000 23,900 21.3% 29,000 23,900 21.3% 280 56 400.0% 39,600 14,250 177.9% 39,900 14,250 180.0% 3 1 200.0%
CHICAGO - BURNSIDE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 85,000 -100.0% - 85,000 -100.0% 0 1 -100.0%
CHICAGO - CALUMET HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - ROSELAND 1 0 100.0% 14,900 - 0.0% 14,900 - 0.0% 1 - 0.0% 74,000 85,000 -12.9% 74,000 85,000 -12.9% 1 1 0.0%
CHICAGO - PULLMAN 0 1 -100.0% - 165,000 -100.0% - 165,000 -100.0% - 45 -100.0% 39,900 110,560 -63.9% 39,900 115,000 -65.3% 1 5 -80.0%
CHICAGO - SOUTH DEERING 2 3 -33.3% 26,000 48,967 -46.9% 26,000 30,000 -13.3% 235 67 250.7% 50,580 34,660 45.9% 34,900 18,000 93.9% 5 5 0.0%
CHICAGO - EAST SIDE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - WEST PULLMAN 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 37,120 57,567 -35.5% 37,120 64,900 -42.8% 1 3 -66.7%
CHICAGO - RIVERDALE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - HEGEWISCH 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - GARFIELD RIDGE 1 1 0.0% 58,000 90,000 -35.6% 58,000 90,000 -35.6% 531 1,266 -58.1% 48,950 101,950 -52.0% 48,450 101,950 -52.5% 4 2 100.0%
CHICAGO - ARCHER HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 39,950 -100.0% - 39,949 -100.0% 0 2 -100.0%

Disclaimer:
Statistics provided using data from Midwest Real Estate Data LLC.
The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.

April 2011 Sales for Attached Single Family - Listed by TOWN

CHICAGO - BRIGHTON PARK 1 0 100.0% 80,000 - 0.0% 80,000 - 0.0% 27 - 0.0% 90,890 113,633 -20.0% 90,890 119,900 -24.2% 2 3 -33.3%
CHICAGO - MCKINLEY PARK 2 1 100.0% 172,500 78,750 119.0% 172,500 78,750 119.0% 216 422 -48.8% 121,900 187,789 -35.1% 121,900 196,500 -38.0% 1 8 -87.5%
CHICAGO - BRIDGEPORT 5 1 400.0% 202,700 454,000 -55.4% 213,000 454,000 -53.1% 85 85 0.0% 185,791 283,983 -34.6% 170,000 242,000 -29.8% 11 14 -21.4%
CHICAGO - NEW CITY 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 59,900 249,000 -75.9% 59,900 249,000 -75.9% 1 2 -50.0%
CHICAGO - WEST ELSDON 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 94,700 49,900 89.8% 104,900 49,900 110.2% 4 2 100.0%
CHICAGO - GAGE PARK 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 64,000 -100.0% - 64,000 -100.0% 0 2 -100.0%
CHICAGO - CLEARING 1 0 100.0% 170,000 - 0.0% 170,000 - 0.0% 50 - 0.0% 140,563 167,796 -16.2% 117,450 162,400 -27.7% 8 8 0.0%
CHICAGO - WEST LAWN 2 1 100.0% 28,450 31,000 -8.2% 28,450 31,000 -8.2% 98 20 390.0% 39,725 104,520 -62.0% 33,000 99,000 -66.7% 4 5 -20.0%
CHICAGO - CHICAGO LAWN 0 1 -100.0% - 2,000 -100.0% - 2,000 -100.0% - 246 -100.0% 74,999 72,400 3.6% 74,999 72,400 3.6% 1 2 -50.0%
CHICAGO - WEST ENGLEWOOD 0 1 -100.0% - 6,500 -100.0% - 6,500 -100.0% - 21 -100.0% 65,000 8,240 688.8% 65,000 8,240 688.8% 1 1 0.0%
CHICAGO - ENGLEWOOD 0 1 -100.0% - 9,000 -100.0% - 9,000 -100.0% - 12 -100.0% - - 0.0% - - 0.0% 0 0 0.0%
O - GREATER GRAND CROSSING 2 0 100.0% 16,750 - 0.0% 16,750 - 0.0% 355 - 0.0% 40,050 23,231 72.4% 40,050 7,162 459.2% 2 4 -50.0%
CHICAGO - ASHBURN 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 127,200 92,000 38.3% 127,200 92,000 38.3% 2 1 100.0%
CHICAGO - AUBURN GRESHAM 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 62,500 - 0.0% 62,500 - 0.0% 2 0 100.0%
CHICAGO - BEVERLY 1 1 0.0% 37,500 40,500 -7.4% 37,500 40,500 -7.4% 204 498 -59.0% 140,750 129,740 8.5% 141,500 134,900 4.9% 4 5 -20.0%
CAGO - WASHINGTON HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 20,000 -100.0% - 20,000 -100.0% 0 1 -100.0%
HICAGO - MOUNT GREENWOOD 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 200,000 -100.0% - 200,000 -100.0% 0 1 -100.0%
CHICAGO - MORGAN PARK 1 3 -66.7% 46,000 114,167 -59.7% 46,000 150,000 -69.3% 434 130 233.8% 109,300 111,262 -1.8% 80,000 132,900 -39.8% 6 13 -53.8%
CHICAGO - O'HARE 11 13 -15.4% 61,345 91,000 -32.6% 60,000 55,000 9.1% 126 111 13.5% 127,985 119,682 6.9% 111,999 104,900 6.8% 26 31 -16.1%
CHICAGO - EDGEWATER 21 72 -70.8% 216,260 221,261 -2.3% 185,000 225,000 -17.8% 152 208 -26.9% 222,321 214,095 3.8% 209,000 202,400 3.3% 99 164 -39.6%

Disclaimer:

Stats available at www.ChicagoRealtor.org
Realtor Tools -> Fast Stats
April 2011 Sales for Detached Single Family - Listed by TOWN

Detached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS
TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD
2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG
CHICAGO - ROGERS PARK 3 5 -40.0% 305,000 427,650 -28.7% 260,000 392,000 -33.7% 97 307 -68.4% 363,225 438,757 -17.2% 361,500 469,000 -22.9% 4 7 -42.9%
CHICAGO - WEST RIDGE 5 12 -58.3% 309,400 297,708 3.9% 265,000 253,750 4.4% 341 193 76.7% 358,204 338,648 5.8% 379,900 345,000 10.1% 25 29 -13.8%
CHICAGO - UPTOWN 1 4 -75.0% 660,000 962,750 -31.4% 660,000 940,500 -29.8% 15 180 -91.7% 1,038,363 651,871 59.3% 854,950 675,000 26.7% 8 7 14.3%
CHICAGO - LINCOLN SQUARE 4 11 -63.6% 523,750 576,636 -9.2% 532,500 578,000 -7.9% 54 123 -56.1% 635,667 768,335 -17.3% 685,000 679,000 0.9% 15 17 -11.8%
CHICAGO - NORTH CENTER 9 8 12.5% 749,467 591,432 26.7% 750,000 562,500 33.3% 91 110 -17.3% 952,202 967,448 -1.6% 834,450 924,700 -9.8% 44 44 0.0%
CHICAGO - LAKE VIEW 9 8 12.5% 1,032,500 953,500 8.3% 1,162,500 842,500 38.0% 205 169 21.3% 1,037,863 1,096,408 -5.3% 967,500 911,750 6.1% 24 36 -33.3%
CHICAGO - LINCOLN PARK 11 14 -21.4% 1,688,755 1,815,498 -7.0% 1,070,000 1,530,000 -30.1% 209 169 23.7% 2,008,071 1,766,919 13.6% 1,622,000 1,395,000 16.3% 38 53 -28.3%
CHICAGO - NEAR NORTH SIDE 0 2 -100.0% - 3,705,000 -100.0% - 3,705,000 -100.0% - 252 -100.0% 3,008,643 3,813,300 -21.1% 2,597,500 3,949,500 -34.2% 14 10 40.0%
CHICAGO - EDISON PARK 9 8 12.5% 257,528 274,500 -6.2% 238,750 248,750 -4.0% 118 207 -43.0% 374,586 370,804 1.0% 367,450 355,900 3.2% 22 25 -12.0%
CHICAGO - NORWOOD PARK 16 26 -38.5% 214,025 314,696 -32.0% 187,500 300,950 -37.7% 193 147 31.3% 304,011 363,886 -16.5% 294,900 319,950 -7.8% 53 70 -24.3%
CHICAGO - JEFFERSON PARK 6 15 -60.0% 216,833 228,967 -5.3% 208,000 225,000 -7.6% 148 151 -2.0% 253,982 278,966 -9.0% 259,900 285,000 -8.8% 25 45 -44.4%
CHICAGO - FOREST GLEN 15 16 -6.3% 436,800 384,375 13.6% 310,000 388,500 -20.2% 188 194 -3.1% 461,375 475,352 -2.9% 449,900 467,394 -3.7% 28 56 -50.0%
CHICAGO - NORTH PARK 7 5 40.0% 358,400 363,000 -1.3% 390,000 340,000 14.7% 181 42 331.0% 406,675 402,044 1.2% 349,500 389,450 -10.3% 8 16 -50.0%
CHICAGO - ALBANY PARK 5 9 -44.4% 192,200 235,611 -18.4% 143,000 231,000 -38.1% 123 276 -55.4% 362,375 313,695 15.5% 344,450 302,450 13.9% 16 20 -20.0%
CHICAGO - PORTAGE PARK 21 33 -36.4% 161,462 230,133 -29.8% 145,200 217,100 -33.1% 129 152 -15.1% 257,752 245,199 5.1% 249,900 242,400 3.1% 49 70 -30.0%
CHICAGO - IRVING PARK 14 18 -22.2% 282,495 351,711 -19.7% 255,212 309,000 -17.4% 231 125 84.8% 412,514 407,175 1.3% 419,000 369,000 13.6% 41 37 10.8%
CHICAGO - DUNNING 25 33 -24.2% 164,428 217,244 -24.3% 160,000 214,999 -25.6% 134 188 -28.7% 217,531 236,258 -7.9% 199,900 239,000 -16.4% 55 78 -29.5%
CHICAGO - MONTCLARE 5 12 -58.3% 144,400 164,946 -12.5% 165,000 160,000 3.1% 245 106 131.1% 185,757 221,129 -16.0% 165,000 234,500 -29.6% 21 17 23.5%
CHICAGO - BELMONT CRAGIN 23 34 -32.4% 112,165 159,991 -29.9% 92,000 173,750 -47.1% 138 124 11.3% 162,345 178,790 -9.2% 149,900 194,500 -22.9% 55 77 -28.6%
CHICAGO - HERMOSA 4 5 -20.0% 138,250 128,800 7.3% 140,000 115,000 21.7% 174 215 -19.1% 157,267 123,561 27.3% 154,950 129,900 19.3% 6 13 -53.8%
CHICAGO - AVONDALE 7 7 0.0% 218,414 252,364 -13.5% 200,000 214,900 -6.9% 115 104 10.6% 312,600 288,388 8.4% 239,000 249,000 -4.0% 13 23 -43.5%
CHICAGO - LOGAN SQUARE 19 14 35.7% 643,533 497,107 29.5% 470,000 485,500 -3.2% 225 242 -7.0% 635,541 593,236 7.1% 539,000 499,900 7.8% 37 55 -32.7%
CHICAGO - HUMBOLDT PARK 9 13 -30.8% 58,767 36,569 60.7% 20,000 23,500 -14.9% 144 91 58.2% 108,164 114,222 -5.3% 82,450 99,000 -16.7% 24 41 -41.5%
CHICAGO - WEST TOWN 13 13 0.0% 740,132 597,413 23.9% 627,000 514,000 22.0% 223 151 47.7% 690,637 796,254 -13.3% 599,900 736,950 -18.6% 35 38 -7.9%
CHICAGO - AUSTIN 20 36 -44.4% 87,631 103,161 -15.1% 35,700 79,500 -55.1% 98 94 4.3% 136,885 146,252 -6.4% 109,000 148,500 -26.6% 43 65 -33.8%
HICAGO - WEST GARFIELD PARK 1 3 -66.7% 10,000 15,767 -36.6% 10,000 14,900 -32.9% 63 196 -67.9% 22,444 54,950 -59.2% 22,444 54,950 -59.2% 2 2 0.0%
HICAGO - EAST GARFIELD PARK 2 3 -33.3% 26,050 123,333 -78.9% 26,050 150,000 -82.6% 233 120 94.2% 217,450 181,600 19.7% 217,450 144,900 50.1% 2 3 -33.3%
CHICAGO - NEAR WEST SIDE 1 4 -75.0% 170,000 429,083 -60.4% 170,000 185,000 -8.1% 213 66 222.7% 583,480 535,843 8.9% 194,900 499,000 -60.9% 5 7 -28.6%
CHICAGO - NORTH LAWNDALE 1 3 -66.7% 150,000 84,500 77.5% 150,000 78,000 92.3% 33 8 312.5% 137,675 63,843 115.6% 126,950 48,629 161.1% 4 6 -33.3%
CHICAGO - SOUTH LAWNDALE 8 3 166.7% 56,525 31,500 79.4% 51,099 29,500 73.2% 112 154 -27.3% 72,800 74,060 -1.7% 77,450 62,000 24.9% 10 10 0.0%
CHICAGO - LOWER WEST SIDE 2 1 100.0% 80,500 160,000 -49.7% 80,500 160,000 -49.7% 250 602 -58.5% 180,750 256,175 -29.4% 142,500 212,450 -32.9% 4 4 0.0%
CHICAGO - LOOP 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - NEAR SOUTH SIDE 0 2 -100.0% - 815,000 -100.0% - 815,000 -100.0% - 108 -100.0% 799,000 885,225 -9.7% 799,000 955,000 -16.3% 1 4 -75.0%
CHICAGO - ARMOUR SQUARE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 293,333 599,000 -51.0% 265,000 599,000 -55.8% 3 1 200.0%
CHICAGO - DOUGLAS 1 1 0.0% 40,200 60,000 -33.0% 40,200 60,000 -33.0% 16 106 -84.9% 300,000 409,633 -26.8% 300,000 335,000 -10.4% 2 3 -33.3%
CHICAGO - OAKLAND 2 1 100.0% 126,000 265,000 -52.5% 126,000 265,000 -52.5% 317 120 164.2% 254,450 178,510 42.5% 254,450 165,900 53.4% 2 3 -33.3%
CHICAGO - FULLER PARK 1 0 100.0% 7,000 - 0.0% 7,000 - 0.0% 84 - 0.0% 29,650 178,940 -83.4% 29,650 130,000 -77.2% 2 3 -33.3%
CHICAGO - GRAND BOULEVARD 3 5 -40.0% 118,433 102,980 15.0% 143,500 102,900 39.5% 82 187 -56.1% 233,736 279,929 -16.5% 225,000 274,950 -18.2% 7 14 -50.0%
CHICAGO - KENWOOD 1 4 -75.0% 2,350,000 986,000 138.3% 2,350,000 775,000 203.2% 67 563 -88.1% 707,225 968,557 -27.0% 404,950 814,000 -50.3% 4 14 -71.4%
CHICAGO - WASHINGTON PARK 0 1 -100.0% - 330,000 -100.0% - 330,000 -100.0% - 3 -100.0% - 150,633 -100.0% - 159,900 -100.0% 0 3 -100.0%
CHICAGO - HYDE PARK 0 1 -100.0% - 337,000 -100.0% - 337,000 -100.0% - 602 -100.0% 640,450 685,067 -6.5% 612,000 734,000 -16.6% 6 6 0.0%
CHICAGO - WOODLAWN 1 1 0.0% 20,150 27,500 -26.7% 20,150 27,500 -26.7% 32 587 -94.5% 131,079 93,940 39.5% 158,900 109,900 44.6% 5 5 0.0%
CHICAGO - SOUTH SHORE 8 10 -20.0% 89,688 138,020 -35.0% 51,000 170,000 -70.0% 133 81 64.2% 223,300 149,863 49.0% 224,900 63,500 254.2% 9 26 -65.4%
CHICAGO - CHATHAM 8 19 -57.9% 91,113 106,171 -14.2% 72,500 100,000 -27.5% 167 91 83.5% 114,601 114,162 0.4% 117,000 114,500 2.2% 26 32 -18.8%
CHICAGO - AVALON PARK 2 5 -60.0% 102,500 70,180 46.1% 102,500 50,000 105.0% 298 24 1141.7% 86,160 111,767 -22.9% 70,000 129,950 -46.1% 10 12 -16.7%
CHICAGO - SOUTH CHICAGO 8 13 -38.5% 52,563 47,600 10.4% 27,250 35,000 -22.1% 94 66 42.4% 92,720 78,666 17.9% 94,900 54,900 72.9% 20 25 -20.0%
CHICAGO - BURNSIDE 1 3 -66.7% 27,500 73,550 -62.6% 27,500 23,900 15.1% 208 258 -19.4% 55,467 114,132 -51.4% 34,500 38,000 -9.2% 3 7 -57.1%
CHICAGO - CALUMET HEIGHTS 7 3 133.3% 56,686 58,667 -3.4% 30,000 39,000 -23.1% 117 115 1.7% 140,780 130,379 8.0% 159,500 159,900 -0.3% 15 21 -28.6%
CHICAGO - ROSELAND 13 27 -51.9% 48,231 36,404 32.5% 30,000 14,000 114.3% 88 84 4.8% 78,276 86,880 -9.9% 79,900 82,500 -3.2% 33 70 -52.9%
CHICAGO - PULLMAN 2 0 100.0% 90,000 - 0.0% 90,000 - 0.0% 212 - 0.0% 89,267 108,714 -17.9% 55,000 117,500 -53.2% 3 7 -57.1%
CHICAGO - SOUTH DEERING 2 5 -60.0% 32,500 51,414 -36.8% 32,500 53,400 -39.1% 326 18 1711.1% 47,700 80,909 -41.0% 40,000 69,750 -42.7% 5 16 -68.8%
CHICAGO - EAST SIDE 5 11 -54.5% 96,008 81,091 18.4% 90,000 75,000 20.0% 228 78 192.3% 140,582 128,526 9.4% 119,900 129,000 -7.1% 11 21 -47.6%
CHICAGO - WEST PULLMAN 18 24 -25.0% 63,316 46,613 35.8% 42,150 31,000 36.0% 193 72 168.1% 74,639 64,502 15.7% 82,500 39,900 106.8% 26 57 -54.4%
CHICAGO - RIVERDALE 2 2 0.0% 9,225 10,500 -12.1% 9,225 10,500 -12.1% 117 17 588.2% - 19,450 -100.0% - 19,450 -100.0% 0 2 -100.0%
CHICAGO - HEGEWISCH 0 3 -100.0% - 94,000 -100.0% - 105,000 -100.0% - 246 -100.0% 156,700 147,325 6.4% 149,900 146,250 2.5% 5 10 -50.0%
CHICAGO - GARFIELD RIDGE 20 28 -28.6% 151,564 163,482 -7.3% 144,950 168,500 -14.0% 132 92 43.5% 197,172 222,813 -11.5% 184,900 209,700 -11.8% 52 65 -20.0%
CHICAGO - ARCHER HEIGHTS 6 6 0.0% 132,317 148,750 -11.0% 133,450 158,750 -15.9% 276 282 -2.1% 151,033 174,982 -13.7% 149,900 184,950 -19.0% 9 18 -50.0%

Disclaimer:

April 2011 Sales for Detached Single Family - Listed by TOWN

CHICAGO - BRIGHTON PARK 7 4 75.0% 79,700 77,625 2.7% 63,000 58,750 7.2% 123 54 127.8% 105,360 161,733 -34.9% 104,950 149,900 -30.0% 10 15 -33.3%
CHICAGO - MCKINLEY PARK 4 5 -20.0% 175,725 161,440 8.8% 176,000 180,000 -2.2% 99 90 10.0% 247,437 216,386 14.4% 228,250 187,000 22.1% 8 7 14.3%
CHICAGO - BRIDGEPORT 1 2 -50.0% 80,000 351,650 -77.3% 80,000 351,650 -77.3% 15 80 -81.3% 480,547 409,260 17.4% 417,900 408,750 2.2% 19 10 90.0%
CHICAGO - NEW CITY 6 9 -33.3% 42,917 41,689 2.9% 26,500 20,000 32.5% 187 31 503.2% 182,033 93,631 94.4% 124,950 49,900 150.4% 12 17 -29.4%
CHICAGO - WEST ELSDON 6 9 -33.3% 120,458 132,222 -8.9% 94,875 125,000 -24.1% 121 79 53.2% 145,194 160,877 -9.7% 146,450 149,900 -2.3% 18 28 -35.7%
CHICAGO - GAGE PARK 7 13 -46.2% 87,271 75,615 15.4% 95,000 72,000 31.9% 173 152 13.8% 120,330 109,401 10.0% 109,900 98,888 11.1% 13 29 -55.2%
CHICAGO - CLEARING 10 20 -50.0% 156,950 180,675 -13.1% 151,450 183,000 -17.2% 88 175 -49.7% 184,054 214,218 -14.1% 169,900 226,900 -25.1% 33 28 17.9%
CHICAGO - WEST LAWN 22 17 29.4% 128,000 130,721 -2.1% 128,500 128,750 -0.2% 114 153 -25.5% 154,600 160,598 -3.7% 150,000 164,000 -8.5% 45 54 -16.7%
CHICAGO - CHICAGO LAWN 35 25 40.0% 63,342 59,376 6.7% 47,250 37,400 26.3% 178 88 102.3% 109,028 94,037 15.9% 116,950 89,500 30.7% 62 68 -8.8%
CHICAGO - WEST ENGLEWOOD 12 18 -33.3% 19,717 25,536 -22.8% 11,750 13,727 -14.4% 118 124 -4.8% 44,175 41,153 7.3% 24,950 19,900 25.4% 24 45 -46.7%
CHICAGO - ENGLEWOOD 6 9 -33.3% 15,709 22,344 -29.7% 11,250 7,200 56.3% 116 178 -34.8% 42,406 37,577 12.8% 19,850 16,700 18.9% 12 26 -53.8%
O - GREATER GRAND CROSSING 7 10 -30.0% 89,643 53,190 68.5% 99,000 26,450 274.3% 113 73 54.8% 88,504 93,020 -4.9% 79,900 75,000 6.5% 23 27 -14.8%
CHICAGO - ASHBURN 28 29 -3.4% 120,871 137,591 -12.2% 115,000 140,500 -18.1% 168 116 44.8% 134,244 149,475 -10.2% 139,000 151,000 -7.9% 81 94 -13.8%
CHICAGO - AUBURN GRESHAM 13 29 -55.2% 45,858 80,048 -42.7% 28,500 55,000 -48.2% 160 114 40.4% 110,987 103,038 7.7% 115,999 113,500 2.2% 59 50 18.0%
CHICAGO - BEVERLY 19 6 216.7% 258,121 238,317 8.3% 225,000 235,000 -4.3% 208 81 156.8% 308,914 320,640 -3.7% 274,450 289,999 -5.4% 44 39 12.8%
CAGO - WASHINGTON HEIGHTS 16 16 0.0% 81,309 113,419 -28.3% 57,050 143,250 -60.2% 84 143 -41.3% 107,722 103,046 4.5% 99,450 115,000 -13.5% 32 39 -17.9%
HICAGO - MOUNT GREENWOOD 8 16 -50.0% 166,688 230,919 -27.8% 170,000 230,000 -26.1% 78 118 -33.9% 237,273 219,119 8.3% 209,950 219,900 -4.5% 30 33 -9.1%
CHICAGO - MORGAN PARK 6 12 -50.0% 127,650 127,038 0.5% 149,950 140,950 6.4% 135 105 28.6% 176,205 189,636 -7.1% 204,900 156,250 31.1% 21 42 -50.0%
CHICAGO - O'HARE 0 1 -100.0% - 333,000 -100.0% - 333,000 -100.0% - 222 -100.0% 374,950 347,475 7.9% 374,950 341,000 10.0% 2 4 -50.0%
CHICAGO - EDGEWATER 10 6 66.7% 372,850 578,513 -35.6% 365,000 535,587 -31.9% 177 274 -35.4% 494,489 691,170 -28.5% 445,000 664,900 -33.1% 9 10 -10.0%

Disclaimer:

Market Expert Handout - Chicago Real Estate Market - May 2011

Market Expert Handout - Chicago Real Estate Market - May 2011

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Market Expert Handout - Chicago Real Estate Market - May 2011