Palos Park, IL Real Estate News

By Judy Orr, SW & Near West Chicago suburbs
(HomeSmart Realty Group)
Palos Park doesn't have the amount of sales some of the surrounding villages post.  There were no sales at all in October 2011, so that skews some of the charts.  The table at the bottom will give exact data. The chart below shows the actual number of single family Palos Park homes listed over the past year.  It kind of looks like a jack-o-lantern's teeth.  Up and down with a low last August, 2011.   The above chart shows what was listed, the chart below shows what actually sold and closed.  Compare the two charts so you can see true market activity.  Anyone can list their home but only those priced correctly for their location and condition will sell. It's interesting that November had the largest amount of closings, meaning these contracts were most likely accepted in August and Septe...
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By Judy Orr, SW & Near West Chicago suburbs
(HomeSmart Realty Group)
The following chart shows supply and demand for single family Palos Park homes for the entire year of 2011. As you can see, there is a huge discrepancy between the red line, respresenting Palos Park homes for sale, vs. the blue and green lines (homes under contract and sold homes).  You could stack up the blue and green lines and there would still be a big difference. This represents true supply and demand, and with this kind of difference between the amount of homes available for sale vs. those that received contracts and actually sold and closed, it is easy to see why we are still in a Buyer's Market.  There just aren't enough ready, willing and able buyers to scoop up all the available listings. What I like about these yearly charts is that you can see what months were most active.  ...
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By Julea Joseph, Julea Joseph House Stager - Reinventing Space
(Reinventing Space)
Filmed last year, but being re-aired and Blogged by CLTV - Seasonal tips for Smartly Staging your Home for the Holidays     http://weblogs.cltv.com/business/realestate/homesplus/2009/12/staging_for_the_season_1.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+homesplus+%28CLTV+HomesPlus%29 Filmed at Brook Furniture by CLTV (Local cable TV station owned by the Chicago Tribune.) - This was a Staging Seminar and Holiday Luncheon sponsored by Brook. 
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By Julea Joseph, Julea Joseph House Stager - Reinventing Space
(Reinventing Space)
As our latest season, summer, is almost upon us, we are all a buzz to making our outdoor living space a haven. Whether your home is on the market or not, your outdoor spaces should show as well as your indoor space. If you are need of a bit of inspiration, here are a few tips, advice and ideas from my own outdoor spaces to yours. Be inspired to eke out areas of your yard into "rooms."  This can be done by establishing an area for an activity, or by anchoring a space with a structure. A room is established by adding a gazebo, fireplace, garden or by simply adding a solid surface to your lawn with concrete patio pavers or decking. Once your space has been establish, you can furnish and adorn your new room(s.) - Retailers have a whole host of wonderful outdoor elements to make your space s...
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