Because of the positive response I received after analyzing a couple other areas, I decided to take a look here in Park Ridge at how the market has been. Well, despite media reports, you probably will like what I found.
I went back over the last two years --from November 2008 to today and looked at home sales from each year in Park Ridge. Here are the results:
From November 1, 2008 to November 1, 2009: 221 homes sold at an average price of $414,017. It took an average of 96 days once listed to sell the homes.
From November 1, 2009 to November 1, 2010: 325 homes sold at an average price of $422,787. It took at average of 97 days once listed to sell the homes.
So, while market time remained the same, the amount of homes sold rose a whooping 47 PERCENT! AND SALES PRICES INCREASED ALMOST 2 PERCENT (OR $8770.00)
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