Real Estate Property Tax Reduction Seminar

primeanytime — Mon, 07 Apr 2008 16:25:18 +0000

Prime Property Partners and Community Bank of Oak Park-River Forest

presents

a FREE Cook County Real Estate Tax Reduction Seminar

with Real Estate Tax Attorney Anastasia Poulopoulos

GET ANSWERS:

How does the assessor value our property?
How do we know if the value is accurate?
What if we disagree with the value the assessor placed on our property?
What process do we have available to appeal our real estate taxes?

Thursday, April 24, 2008 7pm-8pm
Prime Property Partners
114 Calendar Avenue
La Grange, IL 60525
Refreshments will be served

Limited space so please pre-register by clicking here or call 708-354-7355 to reserve your seat today.

Weekly Market Update, Feb 11 2008

primeanytime — Tue, 19 Feb 2008 22:25:16 +0000

Weekly Market Update

For LaGrange and Lagrange Park

week of Monday, February 11-17, 2008

There were total of 3 single-family detached homes sold in LaGrange & Lagrange Park last week and 17 in the last 30 days. There are currently 194 active listings for sale in this area. This calculates to a 11.4 month supply on the market. According to the National Association of Realtors, a six (6) month supply would be considered a balanced market, meaning neither a buyer’s nor seller’s market, with moderate price growth. Supplies greater than 6 months would indicate trending into a buyer’s market and a supply lower than 6 months would indicate a seller’s market. There were 10 new listings come on the market this week and 6 price adjustments made by sellers.

There was 1 attached single family home under contract in the last week at a list of $215,000 and 2 new listings in this sub-market. There are 74 listings on the market in this category.

Market Statistics Criteria Status: Active, Back on Market, New, Price Change, Re-activated Area: La Grange, La Grange Park Property Type: Detached Single

Active Listings

Detached Single

Bedrooms	# Active	Avg. List Price	Market Time
All	194	$571,170	204
2 or Less	13	$292,977	141
3	84	$415,184	162
4	66	$663,715	236
5 or More	31	$913,474	274

We welcome questions regarding and of the above data compiled from MLSNI. Please contact us at greatinfo@primeanytime.com

Interest Rates:

Last week, interest rates creeped up week to 6% for a 30 year fixed mortgage. Though the Fed has been aggressive with the reduction of widely publicized short-term rates, it has not had a similar affect on long-term mortgages, which have actually increased.

On another note, last week the Fed approved the economic stimulus package which included a modification of Fannie Mae-Freddie Mac conventional loan limits. The current ceiling on conventional mortgages in Chicagoland is $417,000. Mortgages higher than this ceiling, labeled as unconventional or Jumbo, are subject to a premium of approximately 1% higher than conventional rates. This change was designed to impact high price areas and is not likely to impact Chicagoland loan limits. We will have more info here in the next several weeks.

La Grange Area Real Estate Source » property values

Real Estate Property Tax Reduction Seminar

Weekly Market Update, Feb 11 2008