Wednesday, June 24, 2020

La Grange home sales catching up to last year

La Grange homes earlier this month on South Catherine near the desirable downtown shopping and restaurant district (all photos Eric Rojas, Broker, Kale Realty).

Hello! I have not been posting much nor have I been very active on social media during the last few months.  As you can imagine... there's been stuff to deal with! Luckily our family, friends and neighborhood business folks have been doing relatively well.  I've been in charge of our four kids throughout the pandemic while my wife handled urgent work as a nursing director.  Despite the pandemic conditions our real estate business has not slowed down. We've been helping clients make educated choices in the city and suburbs while the world seemed to go sideways.

Lately we've been in the Western Suburbs. La Grange, Western Springs, Hinsdale and nearby towns like Countryside have been popular with our clients that decide to decamp from city life.  The number one question we get is "How is the market doing?".  La Grange has been relatively steady in the face of the pandemic market.

La Grange Single Family Home Sales

73 single family homes have sold thus far (January 1st to June 19th) with a median price of $525,000.  96 homes sold over the same period with a median price about $545,000.  Considering the extreme conditions these numbers are barely off last year.  I can say anecdotally we have seen an increased number of listings hitting the market and selling since late May.  I think the overall sales and prices for 2020 will end up very close to last year. All stats pulled and analyzed from

A vintage home with an updated kitchen near the La Grange downtown.
The highest priced La Grange single family home to sell this year is 120 South Kensington, La Grange, IL 60525 for $1,087,000. The downtown high-end 1999 build is elegant as well as spacious. The lowest priced sale is 211 Hayes Avenue, La Grange, IL 60525 for only $107,000. The foreclosure sale adjacent to the freight train tracks was bought cash. I'd guess this would be an investor purchase for value add and rental.

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