Noah Levy: Illinois: Deerfield

As a REALTOR in Deerfield Illinois the number one question that I am always asked is..... "How is the Market?"  Obviously, my clients ask me this question but I am also asked this question by friends, family and/or acquaintances. I am asked this question at the grocery store, while I am walking my dog, at school functions, as a spectator at a sporting event, cocktail party- anywhere and everywhere.

So to answer "How is the real estate market in Deerfield Illinois" - I have gathered information from the Coldwell Banker Market update and the MLS to provide information which I think a consumer would find of interest:

1. In the last thirty days there were ten sales in Deerfield Illinois - of the ten - one was a short sale and one was a foreclosure.

2. Highest list price for a single family home in Deerfield Illinois is $2,699,000 while the lowest list price is $240,000.

3. The average list price for a single family home in Deerfield Illinois is $667,000 and the median price is $577,000.

4. The average listing market time in Deerfield Illinois is 6 months - understand that this is an average and that "pricing a home right for today's market" will result in a quicker sale.

5. Selling price vs. listing price - the average in November of 2009 in Deerfield Illinois was 87.2%.

I think that it is a wonderful time to sell if you are looking for a great opportunity to buy - I have had two clients who recently sold their homes for less than they had paid for them in 2004/2005 but made up for  it up on their buy. If you do not own anything it's a wonderful time to buy too.  With the extended tax credits in place and interest rates under 5% for a conventional loan - there are some amazing opportunities in Deerfield Illinois.

So How is the Market in Deerfield Illinois?  I think it's good! The market in Deerfield Illinois is filled with opportunities!!