mlacerda, Home Buyer in Chehalis, WA

Does anyone know if property value is improving in Albany Park/fMayfair? Appreciate your feedback!!!

Asked by mlacerda, Chehalis, WA Sun Jan 19, 2014

This question was asked from http://www.trulia.com/homes/Illinois/Chicago/sold/29810-4702…

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I live in Mayfair and would be happy to discuss the property values more in depth with you. Feel free to call or email me so we can get a conversation going.
0 votes Thank Flag Link Sun Jan 19, 2014
Thanks!
I have a contract on a short sale but it's taking forever so wanted to make sure it's still worth proceeding with it.
Flag Mon Jan 20, 2014
Values in all of Chicago have been going up. Have your agent do a market analysis to show how much in these areas.
0 votes Thank Flag Link Fri Feb 28, 2014
Ask your Realtor to do a CMA for you. Good luck with the purchase.
0 votes Thank Flag Link Thu Feb 27, 2014
Both of these neighborhoods are still block by block in terms of buyer desire, where some small pockets sell relatively quick and other blocks linger.

In general, values are higher in Mayfair, but there are still deals in pockets closer to Pulaski. Values have gone up in all neighborhoods. Properties seems to be getting more resale value that are closer to Montrose (but north), in Mayfair, and in Albany Park, there are still a number of foreclosures and short sales that come on the market selling far less than non-distressed sellers are asking for.

Because both of these neighborhoods are directly in the path of new development with relatively good public transport options, combined with various housing options, a home owner holding property there for the long term should be fine. If inventories stay limited, and interest rates stay low, logic says the prices there will increase as well. But then again, logic seems to have nothing to do with economics.
0 votes Thank Flag Link Mon Jan 27, 2014
En Albany park , Mayfair , en este barrio de Chicago , la gente aprecia mucho los Basement bien construidos y definitivamente es un factor para que las propiedades en Chicago en Mayfiar puedan subir de precio .

Otros Factores en Mayfair en Chicago son los Garajes y espacio para aparcar los coches , a si como banos y cocinas

Saludos

http://www.illinoisbienesraices.com/Casas-en-Chicago-en-Alba…


http://ventadecasas.illinoisbienesraices.com/idx/results/lis…
0 votes Thank Flag Link Mon Jan 20, 2014
Chehalis,

What is your goal. Are you looking to invest, looking to live there, or both. Parts of Albany Park have good buys. Remember the real estate market is on a rise and some neighborhoods are recovering faster than others.
0 votes Thank Flag Link Mon Jan 20, 2014
short sales are good values
0 votes Thank Flag Link Mon Jan 20, 2014
I do not know that area very well. You should talk to a local Realtor.

Mike
0 votes Thank Flag Link Mon Jan 20, 2014
While Albany Park/Mayfair lag behind some of the more popular neighborhoods like Lincoln Park, Lakeview, Lincoln Square, Bucktown, etc., in appreciation over the last year, the area is recovering nicely and on the rise. If you offer specifics about your situation, we can help you more. Feel free to contact me anytime with any questions. Good luck.
0 votes Thank Flag Link Mon Jan 20, 2014
Yes values are doing better in all those areas. The entire market is doing better EVERYWHERE. 2012 was a big change. The degree to which this is true can depend on many factors like property type/price point/etc, but it is better for the seller than since 2006.
0 votes Thank Flag Link Mon Jan 20, 2014
Values are on the rise.

If you want some more info, speak with a local Realtor and have them discuss specifics with you.
0 votes Thank Flag Link Mon Jan 20, 2014
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