Oak Park Market Update * October 2008

With the "busy season" behind us for 2008, I'm sure you're wondering how the year is shaping up for the market in Oak Park.

As of 09/30/2008, $185,953,123.00 worth of houses and condos were sold in Oak Park. That's not too shabby, especially compared with other suburbs: La Grange - $54.8M, Oak Brook - $33.5M, and River Forest - $47.3M.

The Break-Down: 1st 3 Quarters of 2008
(Data compiled from Midwest Real Estate Data LLC)

Single Family Homes
Total # Sold: 286
Average Days on Market: 137 days
Average List Price:Sale Price Ratio: 95%
Sales Price Range: $132,000 - $2,250,000

Condos
Total # Sold: 200
Average Days on Market: 164
Average List Price:Sale Price Ratio: 96%
Sales Price Range: $55,000 - $555,000

If you would like or need to sell your home at this time, there are many buyers out there who are looking to move to Oak Park. Let us help you handle all the details, from getting your home market-ready, pricing it competitively, and aggressively marketing it to the maximum number of potential buyers - to negotiating the deal and getting you to the closing table. No one will work harder for you than Kyra and Laurie, The Pych Team @ RE/MAX In The Village, Realtors.
Office: 708.386.1400
Web: www.KyraPych.com