Park Ridge Real Estate Market Info

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Posted by Park Ridge Real Estate | Posted in Market Stats | Posted on 14-04-2010

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Average price per square foot for Park Ridge IL was $220, a decrease of 17.6% compared to the same period last year. The median sales price for homes in Park Ridge IL for Jan 10 to Mar 10 was $320,000 based on 88 home sales. Compared to the same period one year ago, the median home sales price decreased 10.1%, or $36,000, and the number of home sales increased 72.5%.

Image representing Trulia as depicted in Crunc...
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There are currently 402 resale and new homes in Park Ridge on Trulia, including 146 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Park Ridge IL was $507,826 for the week ending Apr 07, which represents an increase of 1.1%, or $5,481, compared to the prior week.

Obviously home sales are way up and pricing is still extremely attractive. 

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More Positive Real Estate News

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Posted by Park Ridge Real Estate | Posted in Uncategorized | Posted on 15-02-2010

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Logo of the National Association of Realtors.
Image via Wikipedia

Home prices rose in more than 40 percent of U.S. cities during the fourth quarter of 2009.  The National Association of Realtors said last Thursday that the median sales price for previously occupied homes rose in 67 out of 151 metropolitan areas in the October-December quarter versus a year ago.  The national median price was $172,900, or 4.1 percent below the fourth quarter last year. That was the smallest year-over-year decline in more than two years. Sales of homes are up over 27% from a year ago and much of the activity is attributed to the tax credit extension.  Good news, nonetheless.

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