Chicago Area Median Home Prices Notch Up vs. State

According to the Illinois Association of Realtors, the Chicago area median home sale price in November was $247,000, up 0.8 percent from $245,000 in November 2006. Statewide, the median sale price was $193,000 for the month, down 3 percent from a year ago.

In Illinois overall the association report states that there were 9,021 total home sales of single-family homes and condos in November, down 20.4 percent from November 2006. Year-to-date, sales were down 16.3 percent to 131,497 homes sold January through November, compared to the same period a year ago. In the Chicago area, home sales totaled 5,772 in November 2007, down 23.9 percent from the same month last year. Year-to-date, sales were down 19.6 percent to 87,624.

For more useful infornmation visit http://www.heldtrealty.com/consulting.htm

New Wave of Foreclosures with Lower Price Tags

An article published today on MSN entitled Foreclosures: Will Banks cut their losses? sheds light on how the foreclosure market works and how it has been affected by the current economic indicators. The article states that in the Chicago area for example, lenders are beginning to offer foreclosure properties at below the judgement amount. On the flip side of this scenario is the fact that profitable foreclosure deals for real estate investors have become increasingly hard to come by. Chicagoland banks however, are starting to consider pre-foreclosure deals called "short sales" where a buyer negotiates with a lender to purchase for less than the property is worth before it goes into foreclosure.

Heldt Realty's exclusive On-Call Consulting Program enables real estate investors to pursue their own endeavors while also providing them a professional “on-call" real estate services. Please contact me through my office should you have any questions.

Illinois Home Sales and Median Prices on the Rise

According to the Illinois Association of Realtors, Illinois housing statistics showed an increase of 36.2% in March compared to February. IAR's latest report indicates the numbers were 20.3% below the all-time high for March 2006 when a total of 15,024 homes were sold. Regarding the median price of a home in Illinois, IAR reports this figure at $198,000, up 0.1 percent from $197,900 a year ago.

Pleas contact me at Heldt Realty for area-specific data.

Northern Illinois Property Search

Are you relocating to Northern Illinois? Great, you've come to the right place. We understand how daunting a task relocation can be and we here at Heldt Realty want to make it an easy transition for you. We'll start by giving you access to current real estate data right here, right now. The Multiple Listing Service of Northern Illinois is the most comprehensive resource available for residential and commercial properties. Please take advantage of this valuable resource and contact us through our website at http://www.heldtrealty.com. As your dedicated "buyers agents", we can assist you in every aspect of your new home purchase.

Welcome to the Chicagoland Homes Blog

Hello and welcome to my blog! I call it "Chicagoland Homes" because it's the primary market I work in. However, don't that scare you away if in fact, you've stumbled upon this site purely out of an interest in real estate. I actually love this business and will dedicate myself to answering any and all questions on the subject. So go ahead, ask away!

A little about me; I'm a real estate broker (not all agents are brokers) and I like to think that I bring quite a bit more savvy to the business. Maybe it's because I've spent almost an entire lifetime around it. You should know that I grew up in a family of property managers and my father also was an attorney and REALTOR so, I learned this business at an early age. If you ever hear me say; "Real estate is my life." Well, that's only because it's true.

Thanks for visiting and looking forward to many discussions.