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Burbank, IL Real Estate News

By Laurie Christofano, ABR, The Pych Team at RE/MAX in the Village
(RE/MAX in the Village, Realtors)
8501 S. Lockwood Ave., Burbank, IL 60459 Brick raised ranch on a jumbo lot! This lovely home has been well loved and cared for over the years. The bright kitchen w/ peninsula overlooks dining area & opens to living rm w/ corner wood-burning fireplace. 3 nice sized bedrms on main floor along with updated bath w/ mosaic tile accents. Huge drywalled basement w/ laundry area, family room/rec room space, full bath & office. Quiet neighborhood! Rent-to-own ok (keep reading for more on that...)Click here for more info, photos, virtual tour, or to schedule a showing! Rent-to-own ⌂ right for you? Whether you've got long-term dreams of homeownership or not, Renting With The Right To Buy is a program worth considering. Once approved, you get to pick out your own house that's currently on the marke...
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By Marco Amidei
(RE/MAX Suburban )
Townhome & Condo Stats for Burbank, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 19 $71,029 $27,000 $129,000 194 1 bedroom 1 $27,000 $27,000 $27,000 49 2 bedrooms 18 $73,475 $38,150 $129,000 202 View All Townhomes & Condos For Sale in Burbank Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Oct 2012 1 $79,900 $45,000 56.3% 160 Sep 2012 2 $102,925 $96,200 93.5% 95 Jun 2012 4 $67,400 $46,750 65.3% 77 May 2012 2 $117,400 $82,000 70.5% 543 Feb 2012 1 $99,900 $105,000 105.1% 176 View Recent Sales of Townhomes & Condos in Burbank The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX D...
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By Marco Amidei
(RE/MAX Suburban )
Single Family Home Stats for Burbank, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 166 $171,069 $29,900 $559,900 140 2 bedrooms 16 $105,562 $29,900 $234,900 86 3 bedrooms 89 $141,760 $54,900 $287,802 150 4 bedrooms 48 $221,936 $47,500 $549,000 125 5 bedrooms 13 $264,535 $119,900 $559,900 187 View All Single Family Homes For Sale in Burbank Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Dec 2012 16 $159,805 $147,386 94.4% 134 Nov 2012 21 $168,598 $147,052 88.3% 173 Oct 2012 27 $157,392 $136,896 87.4% 162 Sep 2012 17 $167,029 $148,685 88.9% 148 Aug 2012 17 $137,682 $123,850 89.8% 139 Jul 2012 21 $156,915 $142,214 93.7% 141 Jun 2012 20 $156,372 $133,835 90.5% 142 May 2012 16 $165,016 $150,262 88.9% 116 Apr 2012 19 $143,895 $126,150 88.5% 15...
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By Raymond Kennedy
(Keller Williams Preferred Realty)
BURBANK IL - We just recently successfully negotiated this Burbank IL Short Sale with both CitiFinanical and Beneficial as the homeowners mortgage and lien holders. This was great news for these Burbank homeowners as now they can move on with their lives and begin to repair their financial position for the future. Both CitiFinanical and Beneficial both agreed to release the remaining balance on the home and forgive the homeowners. Some of the benefits of a Short Sale in Burbank IL are as follows; Avoid an expensive and financially damaging judicial foreclosure, decrease negative impact on your credit, reduce or mitigate tax liabilities, no Realtor commissions, no real estate attorney fees, get your remaining balance waived, traditional seller fees are paid by your lender as part of the ...
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By Raymond Kennedy
(Keller Williams Preferred Realty)
  Burbank Short Sales totaled 39 successful closings for the year of 2011. Of those 39 closed Burbank Short Sales 33 of them were single family homes, 3 were townhouses or condos and 3 were were multi-unit buildings. It is also important to note that a total number of 77 Burbank Real Estate properties were foreclosed in 2011. This is a total of 113 distressed sales (including short sales & foreclosures). With a total of 220 Burbank Real Estate properties closing in 2011, this represents more than 51% of all closed sales being distressed sales just about even with 2010 at just under 51%. There is no question regarding the fact that these distressed sales weigh on our home values, especially the foreclosures not to mention the damage it creates for those involved.   The number of Burbank ...
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By Chuck Dellorto, "Talk To Chuck"
(Coldwell Banker - Serving INDIANA & ILLINOIS)
Detached Single   Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold)     All 173 100% $292,105 $281,621 96% 134     2 or Less 6 100% $224,533 $207,250 92% 162     3 98 100% $240,318 $232,059 97% 103     4 59 100% $365,886 $353,868 97% 168     5 or More 10 100% $404,847 $385,700 95% 229     Presented By: Chuck Dellorto McColly Real Estate   Primary: 219-864-7516 Secondary: 219-793-6154 Other:     E-mail: dellorto@mccolly.com 850 Deer Creek Drive Schererville, IN 46375 219-322-5508 Fax :  219-322-0311 See our listings online: Web Page: http://www.chuckdellorto.com     All information herein has not been verified and is not guaranteed.Copyright ©2007 MLSNI, All rights reserved.
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