Home Values on the Rise

It has been reported that home values are finally on the rise. The chart below shows the average price of a home in 2006 and what the appreciation is over that last 24 months. As this chart indicates appreciation is still in single digit numbers and the average home price is still off the highs found pre market crash of 2006.

City Avg Price in 2006 Low Price High Price Avg Price 12 Mo Avg Price 24 Mo % Appreciation
Evanston $755,000 $30,000 $4,000,000 $523,000 $517,000 1%
Wilmette $1,071,000 $210,000 $1,955,000 $725,000 $722,000 0%
Winnetka $2,552,000 $426,000 $12,700,000 $1,383,000 $1,317,000 5%
Glencoe $1,754,000 $300,000 $8,000,000 $1,202,000 $1,106,000 8%
Skokie $399,000 $100,000 $865,000 $274,000 $265,000 3%
Lincolnwood $527,000 $175,000 $900,000 $373,000 $356,000 4%
Northbrook $908,000 $170,000 $4,250,000 $561,000 $540,000 3%
Northfield $1,264,000 $215,000 $2,615,000 $754,000 $757,000 0%

Leave a Reply

Call Me Today
708-309-5334


Copyright © 2008 IL Real Estate Specialists     Log in     Design by Real Estate Tomato     Powered by Tomato Blogs
nu frontiers Admin Login