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Niles, Morton Grove Home Sale Prices Drop

Chicago Magazine reports sale prices from 2012 were slightly lower than in 2011.

 

Home sale prices in Niles and Morton Grove are slightly down, according to a recent Chicago Magazine article.

The article profiled what homes cost in several suburbs and Chicago neighborhoods. The magazine’s data showed the median sale price for a home in Niles in 2012 was $220,000, down 2.2 percent from 2011 and 45 percent since 2006. The median sale price for a Morton Grove home in 2012 was also $220,000, down 6.4 percent since 2011 and 44.3 percent from 2006. 

Read the whole report and see what neighboring communities home sales data looks like on Chicago Magazine's website. 

Harry Gio March 29, 2013 at 02:48 PM
With sub-prime lending GONE and property taxes and insurance RISING, why would anyone think that real estate values would go up? I have news for you, real estate values will continue to go DOWN, taxes and insurance will continue to go UP and there is nothing anyone can do about it... Real estate values will NOT increase for at least 10 more years, but ONLY if we have an improved economy, which is NOT likely... The game changes...............
Harry Gio March 29, 2013 at 02:51 PM
Being a landlord in Cook County is also NOT a good thing to do; because if you have a BAD tenant that you want to evict, it will take you 6-8 months to get them out - so where does the profit come in??? ANSWER: If you want to be a landlord, never be a landlord in Cook County.

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