According to RE/MAX walkable communities with vibrant downtowns are drawing more homebuyers who have lived in the city.
House hunters searching for properties are more interested in living in walkable communities like Glen Ellyn. A growing real estate trend is for homebuyers to seek out those communities with vibrant downtown areas with shops, restaurants and public transportation, according to RE/MAX. "We are seeing many people returning to the suburbs after having lived in Chicago as young adults. In the city, they could walk to the El and restaurants," Carrie Kenna, a RE/MAX agent serving the Western suburbs, including Clarendon Hills said in a news release. "When they come back to the suburbs, they are looking for the same convenience. They want to be able to walk to public transportation and restaurants." Public transportation is important to …
November home sales in the Chicago area show signs of stability, according to sales statistics issued by one real estate company.
Saturday, December 17, 2011
Home sales activity in the metropolitan Chicago real estate market during November delivered another indication that a gradual increase in the number of homes changing hands is beginning to help stabilize home prices, according to an analysis by RE/MAX of sales statistics gathered by Midwest Real Estate Data, LLC. November home sales in the seven-county metro area totaled 5,408 units, 19 percent more than a year ago. Compared to sales in the prior month, November transactions were down 6 percent, a favorable result when considering that the average decline in sales from October to November during the prior five years was 13 percent. The median home sales price in the Chicago area for November was $150,000, 14 percent lower than in …