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Chicago North Side Market

By in Mills Realty Inc. with 0 Comments

 

With the Chicago weather it is amazing the number of buyers out looking for properties , Rogers park , uptown and Lincoln Park seem to be the hot spot , at the right price proprieties are only  on the market for a couple of days , this may be the fact that the Chicago market is not yet in a bubble , and buyers are taking advantage of these great prices , with low down payment , first time buyer are constantly taking advantage of the IDHA program( for those who qualify ) , and living the american dream , especially now that tax season is  now here.

these neighborhood are still selling at 97% of listing price and depend on the location buyers are making a full price offer ,  the closer to the lake the property is located the higher value and better resale  value.

value have been increasing because, not only there is a shortage of inventory in the market place  , but the short sale inventory  since 2008  has almost disappear due to the confidence in the economy , giving buyers confident to buy ,but also  create a problem for those same  buyers because some  sellers has made the decision  continuing  to wait to get the value they lost pre 2007 .

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About The Author
leroy viamille

CEO/Head broker with over 25 years of experence