North And Northwest of Chicago Real Estate : Des Plaines, IL Real Estate Market Trends 2005 - 2009

Des Plaines, IL Real Estate Market Trends 2005 - 2009

I collected all the data about Des Plaines, IL from MLS and had fun with iWork to make easy to understand charts.

There were 770 properties sold in 2009 in Des Plaines, IL with an average market time of 166 days. Average sold price was $180,982. Before the buble bursted the home value was 30% higher in 2006 compering with today's average home value of a home in Des Plaines.

Des Plaines, IL  Real Estate 2005 - 2009

In the chart below shows the volume of units sold by the price of the home in 2005 - 2009 in Des Plaines, IL.

Des Plaines, Illionis Sold Homes 2005 - 2009

 

Few Stats from National Association of REALTORS®, 2009

Selling a home is a full-time job. And most of today's buyers are online (nearly 9 of 10 recent buyers used the Internet in their home search), and unrepresented sellers have no access to major online marketing avenues such as REALTOR.com and other sites with large pools of listings to which buyers are attracted.

Just 13% of recent sellers sold their home without professional representation. Only 7% of these sales were on the open market (cases where unrepresented sellers were selling to family, friends and neighbors account for 6 percent of all recent home sale activity).

 

Check here for my regular posts on the local real estate market conditions and other local community events.

If you are thinking of selling or buying, feel free to contact me for any Real Estate questions regarding Des Plaines, IL and other neighboring areas.

 

Homes By Haris

 Haris Dedic, Realtor®, SFR, SRES

With RE/MAX Villager

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Comment balloon 1 commentHaris Dedic • January 29 2010 02:49PM

Comments

Haris, these are great statistics, very telling. I see 2008 was thougher for you then 2009 referrence volume. For us 2009 was the worst. So are you out of the bottom now? How is your unemployment figures?

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 8 years ago

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