Some Chicago Areas’ Home Prices Not Declining

September 1, 2009

Daily Real Estate Updates

sudler-sothebys-logo01 September 2009 ? It is no secret that the housing market is a very larger driver of the economy. As we see some rebound in the housing market some are getting out there and testing the waters again. Here are a few neighborhoods that have held steady in this declining market:

One bedroom condominiums in Roscoe Village have not declined from 2007/2008 period as compared to 2008/2009. The median price point in Roscoe Village for a one bedroom has held steady at $240,000. The same can be said about two bedroom/two bathroom condominiums in the “True” Gold Coast. Although the market has declined approximately 2.82%, it is holding steadier than areas like Beverly on the south side of Chicago. Single family ranch and bungalow-style dwellings have declined approximately 42% from last year to this year. The numbers are significantly different. The question remains, are we really out of the woods and why are some areas holding steady while others are seriously declining?

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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