About Orland Park's Brook Hills

Orland Park Brook Hills Home Sales & Data | Orland Park Homes

01-16-12

Raymond Kennedy

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Office: (708) 620-4460

Orland Park Brook Hills Subdivision Sales | Orland Park Homes

2011 Brook Hills Subdivision Home Sales

2011 Sold Orland Park Homes	List Price	Sold Price	Closed Date	LP/SP	Price/Sqft
17240 Brookgate Dr. Orland Park	$279,999	$270,000	Jan. 18th 2011	96%	$92
11533 Brookshire Dr. Orland Park	$299,900	$250,000	Jan. 21st 2011	83%	$70
11618 Valley Brook Dr. Orland Park	$289,900	$285,000	Feb. 25th 2011	98%	$132
11902 Swilly Ct. Orland Park	$356,000	$325,000	Mar. 1st 2011	91%	$93
17442 Harvest Hill Dr. Orland Park	$329,000	$295,000	Mar. 4th 2011	90%	$117
17188 Winding Creek Dr. Orland Park	$359,900	$325,000	Mar. 11th 2011	90%	$100
11600 Brookwood Dr. Orland Park	$374,900	$305,000	Mar. 31st 2011	81%	$131
11764 Brookshire Dr. Orland Park	$344,900	$315,000	Jun. 13th 2011	91%	$121
17244 Grange Dr. Orland Park	$325,000	$295,000	Jul. 13th 2011	91%	$128
17138 Kropp Ct. Orland Park	$299,900	$280,000	Jul. 14th 2011	93%	$129
17625 West Brook Dr. Orland Park	$295,000	$280,000	Sep. 9th 2011	95%	$115
17321 Brookgate Dr. Orland Park	$347,500	$305,000	Sep. 16th 2011	88%	$118
Avg. Results	$325,158	$294,167		91%	$112

The bar graph shown above will show the results of sales in the Brook Hills Subdivision of Orland Park. I have broken this down by both the last listing price before the home received an offer and the final sold price. These sales include all the Orland Park Homes Sold in Brook Hills Subdivision in 2011. There is a lot of information packed into this one graph so you can use this data to understand the market better as we move forward into 2012.

You will also see the break down below the graph showng some of the stats of these Orland Park Homes that were sold. Two important numbers as you see them above is LP/SP (List Price to Sold Price Ratio) and the Avg. Dollar Per Sqft. Out of all the above listed sales there was only one distressed property which was early Jan 2011. The good news is with only one Foreclosure sale in Brook Hills this did not effect the values drastically.

Price Per Sqft | Orland Park Brook Hills Homes

Price per sqft. is basically taking the amount of livable sqft in the home and breaking it down to how much per sqft the home is worth. This is one method that you will see some appraisers use and many builders use. While this serves the purpose of giving us an idea of where the value are falling in an area based on size, it's not appropriate to consider this to be truly accurate. There are other factors that will need to be considered when pricing the home such as basement, lot size, ext. type, style of home, condition, existing competition etc.

List To Sold Price Ratio | Orland Park Brook Hills Homes

This is the comparison of the most recent list price to the end sale price. One thing this helps you determine is at what level are buyers negotiating off the list price. For example, the first property on the list located at 17240 Brookgate Orland Park was listed at $279,999 at the time it took a contract. The property closed at $270,000, just under $10,000 off of the list price. The property received an offer for 96% of the last list price. Now look at the rest of the sold homes and you will see a fluctuation in this number. When you take the average of all the sales it's 91%. This gives you a good indication on what buyers are expecting to negotiate. So on a $250,000 list price for a home you could expect to negotiate roughly about $22,500 of your list price.

If you would like to know more about your Orland Park Home Values, give me a call at 708-620-4460.

For stats on Orland Park Homes in the Zip Code of 60467 please click below. These stats will include market analysis, community info, local schools, comparable areas, insider tips.
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For stats on Orland Park Homes in the Zip Code of 60462 please click below. These stats will include market analysis, community info, local schools, comparable areas, insider tips.
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