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Hello Everyone
When I first opened up my RE/MAX office in Skokie in 2004, the Skokie Real Estate market was much much different. The lowest price home you could find in Skokie was about $350,000, and the Skokie homes in this price point needed some work and updating! Currenly there are skokie homes selling in Skokie for under 200k! This would have been unheard of a few years ago. To say the Skokie real estate market has tanked, would be the understatement of the year.
Unfortunately, times have changed and so has the Skokie real estate market. Skokie had taken a huge hit in these difficult times we find ourselves in. One of the biggest reasons the Skokie real estate market has tanked is the amount of foreclosures and short sales that are in Skokie. Currently, Skokie has a 30%-35% Short Sale and Foreclosure rate! That is incredibly depressing. With the hight amount of Skokie short sales and Skokie foreclosures + recession + surplus of homes currently available + undecuated agents not knowing out to price homes = Current Situation We Are In
This is obviously great news for Buyers, but not for Sellers!
Skokie Real Estate Statistics:
Price Ranges For Skokie Homes Currently For Sale
2 Bedroom Homes: ( 15 Homes for Sale) $99,000 - $299,000
3 Bedroom Homes: ( 105 Homes for Sale) $167,000 - $499,000
4 Bedroom Homes: ( 52 Homes for Sale) $190,000 - $1,000,000
5 Bedroom Homes: ( 12 Homes for Sale) $249,000 - $1,200,000
Price Ranges For Skokie Condos Currently For Sale
1 Bedroom Condos: ( 48 Condos for Sale) $88,000 - $329,000
2 Bedroom Condos: (152 Condos For Sale): $80,000 - $749,000
3 Bedroom Condos: ( 60 Condos For Sale): $119,000 - $1,375,000
Please contact me for all of your Skokie Real Estate and Skokie Short sale needs needs! Whether you are looking to Buy or Sell, Let my Real Estate Experience, Education and Knowledge that seperates me from my competition work for YOU!
