20 October 2009 ? After appraising 2-bedroom condos in Ukranian Village I have found that similar properties have declined. Based on an analysis of the sales in the marketing area occurring from April 16th, 2009 to October 16th, 2009, as compared to the same period 2008, property values have declined approximately 25.92% or 2.16% per month. This information was derived from doing a market analysis for properties similar to the subject over at least a 9 to 12-month period.
The media would like to have the average person believe that property values have declined approximately 10% all over the city of Chicago. When in actuality one needs to break down the property type as well as neighborhood. The number could end up being greater than 10%. This is important information if you are currently looking to purchase in a certain area.Email This Post To a Friend.