Wednesday, April 26, 2017

La Grange home sales 2017

So many cool, customs builds throughout La Grange. All photos Eric Rojas, Broker, Kale Realty
La Grange, IL is a popular western suburb for our city clients to move to.  Many clients we meet in Chicago grew up in the west and southwest suburbs.  Some clients are just looking for their long term family home with an acceptable commute to downtown Chicago. I was back in La Grange with our buyers over the weekend. Let's take a look at recent home sales.

 La Grange single family homes sales January 1st - April 21st, 2017
40 single family homes are recorded as closed in our MLS thus far in 2017.  The median price of a closed home is $500,000.  However at $500,000 it is a struggle to find a move-in ready three bedrooms, two baths home with a finished basement reasonably walk-able to transportation.

41 single family homes closed in La Grange over the same period in 2016 for a medium price of $380,000. 
37 homes closed in 2015 with a median price about $510,000. 
38 homes closed in 2014 with a median price of $525,000
41 homes closed in 2013 with a median price of about $390,000

Wow, that's some crazy consistency for unit sales. The median price fluctuates considerably from high $300,000 to $500,000. The relatively small sample size each year reflects the house offerings people purchased.  In 2013, $390,000 could get you a little more house. In 2016 my guess is a lot of the lower-end homes were offered and bought up for future gut renovation or tear-down in the strong market.

La Grange offers a huge spectrum of home styles and price ranges on every block. You'll see custom Mediterranean, new build cottage and Tudors and classic "Chicago Bungalows" on the same block.

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