Market Report:Palos Heights Illinois Residential Sales for Jan-Feb 2011

Market Report - Palos Heights- Illinois Residential Sales for Jan. - Feb. 2011

Even with the Blizzard in Early Feb. of 2011, their was an increase in the median sales price in Palos Heights from Nov. 10 to the beginning of Feb , it was up 13.2 % or 25,000.

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Sales prices have depreciated 30.4% over the last 5 years in Palos Heights. The average listing price for Palos Heights homes for sale was $322,088 for the week ending Feb 02, which represents an increase of 0.1%, or $415, compared to the prior week and an increase of 1.6%, or $5,196, compared to the week ending Jan 12. Average price per square foot for Palos Heights IL was $130, a decrease of 16.7% compared to the same period last year.

Their are currently 77 homes for sale in Palos Heights, prices range from 189,900 ---1,969.000 in addition to the single family residents, their is also 80 condos or townhomes for sale. You can see all the properties for sale in Palos Heights on a map .www.chicago-suburb-homes.com.

18 single family residents sold in Jan.- Feb., 2011

Detached Single

Bedrooms # Sold % Sold Avg OLP Avg LP (Sold) Avg SP SP:LP SP:OLP Avg MT (Sold) Avg LP (Unsold) % Expd All 18 100% $342,211 $318,421 $299,500 94% 88% 174 $0 0% 3 6 100% $253,133 $239,033 $228,317 96% 90% 88 0% 4 9 100% $306,911 $300,731 $280,122 93% 91% 267 0% 5 or More 3 100% $626,267 $530,267 $500,000 94% 80% 64 0%

Jan. -- Feb. - 4 townhouses were sold in Palos Heights.

13490 Turtle Pond 160,000 Condo

13432 WestView 182,500 Townhouse

13304 Greenleaf 210,000 (S) Condo-Townhouse

13347 Ash 219,950 Townhouse

If you are having financial troubles due to a hardship, ( job related,sickness, divorce ) their are options, please read about short sales, see if your eligible, don't go into foreclosure .Short sales don't cost you anything,( the attorneys and Realtors commissions are paid by the banks).

Thanks for taking time to read the market reportfor Palos Heights Residential Sales from Jan-Feb.

I would be happy to provide you with a free Home Evaluation, if you are selling your home. I service Palos

Heights, Palos Park, Palos Hills, Hickory Hills, Willow Springs,Oak Lawn, Worth, Tinley Park, Orland Park, and

the surrounding areas.

Brenda Kasprzyk

Real People Realty

(708) 945-2178

email:homesleuth1@aol.com