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SKOKIE REAL ESTATE| SKOKIE HOMES FOR SALE| SKOKIE HOMES

The Skokie Real Estate market has been declining every month over the last two years. Just about every month, home prices are dropping and the amount of Skokie Short Sales and Skokie Foreclosures increases. This is something that can be said about most areas in Illinois and across the United States unfortunately.  February has brought more of the same to the Skokie Real Estate market. More of the same means more Skokie Short Sales and foreclosures.High listing times, decreasing home values and a surplus of distressed properties. Lets take a look at the Skokie Real Estate market for January 2011

SKOKIE REAL ESTATE DATA
SKOKIE HOMES DATA
(As Of July 2011)

Current Number Of Skokie Homes and Skokie Condos For Sale: 560
Average Listing Time: 240 days
Average Listing Price For 2bedroom Skokie Homes For Sale:$226,000
Average Listing Price For 3bedroom Skokie Homes For Sale $279,000 
Average Listing Price For 4bedroom Skokie Homes For Sale: $435,000
Average Listing Price For 5bedroom Skokie Homes For Sale: $575,000

Average Selling price For 2bedroom Skokie Homes: $177,000
Average Selling Price For 3bedroom Skokie Homes: $220,000
Average Selling Price For 4bedroom Skokie Homes: $291,000

Currently, the Skokie Short Sales and Skokie Foreclosure rate is
at 35% !! This is about average where the Skokie distressed rate usally is.. It ranges anywhere from 30%-40%

Looking to Buy Or Sell Skokie Real Estate? Please contact me for all of your Skokie Real Estate needs? Let my real estate experience and knowledge work for you!

Jim Kontos
President-Broker-Skokie Real Estate Expert-Skokie Realtors
RE/MAX 1st Class
RE/MAX Skokie
Cell 630 327 1936
Office 847 674 9797
jpkontos@gmail.com 
www.skokiehomes4sale.com
www.mychicagoshortsalesite.com

There are several Skokie Realtors out there to chose from, but only a handful of these Skokie Realtors can get you the results that I can get you!





 

Short Sales Data July 2010| Skokie Short Sales

SKOKIE SHORT SALE STATISTICS FOR JULY 2010

Number of Skokie Homes Currently For Sale:  620

Number of Skokie Short Sales and Foreclosures Currently For Sale:  205

33% of all the Skokie homes currently for sale are either Short Sales or Foreclosure

The Skokie Short Sales and Skokie Foreclosure rates will not be dropping any time soon unfortunately. Skokie has had a 30%-40% short sale/foreclosure rate over the last 2 years which has been negatively effecting Skokie Home Values!  If you are qualified buyer looking in Skokie, this is the absolute best time!

Are you or someone you know behind on your mortgage payments? I specialize in the sale of skokie short sales and chicago short sales. Let my Chicago Short Sales Team help you avoid foreclosure! Please call or email us to schedule a Free and Confidential Consultation.
We are only a call or email away!!

Jim Kontos
President--Broker--Skokie Short Sales Expert--Multi Million Dollar Producer
RE/MAX 1st Class Skokie
Cell 630 327 9136
Office 847  674 9797
www.skokiehomes4sale.com
www.mychicagoshortsalesite.com
jkontos@remax.net

 

Real Estate Data July 2010| Skokie Real Estate

 

Another month has gone by and the Skokie Real Estate market is treding to stay above water.. The Skokie Short Sales and Skokie Foreclosure rate is climbing every month unfortunately. Here are the statistics for the month of July, 2010 for the Skokie Real Estate market

SKOKIE REAL ESTATE DATA
JULY 2010 SKOKIE IL HOME STATISTICS

Number of Skokie Homes that sold in July:  34

Prices ranged from $110,000 - $575,000 with the majority of the homes selling in the $200,000 to $399,000 range

The average market time for these skokie homes was: 130 days

The average market time for skokie homes above $450,000 was: 330 days

 Now, are you ready for the shocker?
41% of the homes that sold were either Short Sales or Foreclosures,,This is up 8% from June 2010

Are you looking to Buy or Sell in Skokie or the surrounding Northshore area? Please CONTACT ME for all of your Skokie Real Estate and Skokie Short Sales needs. Let my Skokie real estate experience, education and knowledge that set me apart from my competition work for you!

Jim Kontos
Presidet--Broker--Skokie Short Sales Expert--Skokie Real Estate Expert
RE/MAX 1st Class Skokie
Cell 630 327 9136
Office 847 674 9797
jkontos@remax.net
www.mychicagoshortsalesite.com
www.skokiehomes4sale.com
www.jkontos.illinoisproperty.com 

  

  

 

Real Estate Data June 2010|Skokie Homes For Sale

In the month of June, 2010 there was a total of 28 Skokie Homes homes that sold in Skokie IL.

 

Now, are you ready for the shocker?

42.3% of those homes were distressed sales; either short sales for bank owned foreclosures.  Actually most of the Skokie Homes that sold were foreclosures.  That number really surprised me.  I’m surprised more homeowners aren’t attempting to do a short sale rather than lose the home to foreclosure.  There are lots of reasons why a short sale is better than a foreclosure, so I’m not sure why anyone would just walk away from their home without even attempting to sell it for less with the bank.

The range in the price of homes went from $160,000 all the way up to $540,000, with the bulk of the homes selling in the $160,000 to $280,00 price range.  The irony is that will all of the appreciation, and now the depreciation, home values are back to where they were in 1999 

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June 2010 VS June 2009 Skokie Real Estate Stats

 

In June 2009 There were 30 Skokie Homes that sold in Skokie IL.

 

33% of the Skokie homes that sold in June 2009 were Distressed properties: Either Short Sales or Distressed properties: There were more Short Sales in 2009 than Foreclosures. 

The range in the price of homes went from $126,000 all the way up to $900,000, with the bulk of the homes selling in the $126,000 to $260,000 price range.. Foreclosures and Short sales are on the rise from 2009 unfortunately

Please contact me for all of your Skokie Real Estate needs! Whether you are looking for Skokie Real Estate, Skokie Short Sales ,Skokie Homes let my Real Estate Experience, Education and Knowledge that seperates me from my competition work for YOU!

Are you behind in your mortgage payments? I specialize in short sales and I have been helping homeowners avoid foreclosure for several years.  Call me to see how doing a short sale on your property can help you through this difficult time. Let my short sale team help you avoid foreclosure! We are only a call or email away!!

  

Jim Kontos

President--Broker--Mulit Million Dollar Producer

RE/MAX 1st Class

 

3947 Dempster..Skokie Il 60076

Cell 630 327 9136

Office 847 674 9797

jkontos@remax.net
www.skokiehome4sale.com
www.mychicagoshortsalesite.com