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Robert Chiarito's Blog

By Robert Chiarito | Agent in Park Ridge, IL

Real Estate Market Takes Huge Upswing in Norridge


Although I am constantly monitoring what is going on in the Norridge real estate market, every so often it is good to analyze the big picture. I am constantly asked if "things are getting better" and they are. But you don't have to take my word, just look at the numbers.

I went back over the last two years --from October 2008 to today and looked at home sales from each year in Norridge. Here is the results:

From October 23, 2008 to October 23, 2009: 80 homes sold at an average price of $280,275.
It took an average of 82 days once listed to sell the homes.

From October 24, 2009 to today: 123 homes sold at an average price of $296,700. It took at average of 83 days once listed to sell the homes.

So, while market time remained the same, the amount of homes sold rose a whooping 54 PERCENT! AND SALES PRICES INCREASED MORE THAN 5.5 PERCENT (OR $16,425.)

For more detailed information, feel free to contact me today at 847.878.3724 or via email.

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