The village of Addison is located approximately 21 miles northwest of the Chicago "Loop" in suburban Dupage county.

The population has more than quadrupled since 1960, as the Village has shared in the economic growth that has come from an expanding Chicago metropolitan area. As of the 2000 census, Addison had a total population of 35,914. A 2003 recount gave the village a population of 36,378. The land area of the Village is 9.5 square miles.

Addison is home to 20 percent of all manufacturing companies in Dupage County, Addison enjoys a strong, proficient economy. Hundreds of retail businesses enhance the community's employment opportunities and help to balance the economy.

Adison's municipal neighbors include Itasca and Wood Dale to the north, Elmhurst to the east , Villa Park and Lombard to the south, and Bloomingdale and Glendale Heights to the west.

Transportation links include U.S. Route's 20 and army trail road. The I-290 expressway passes on the northern edge and the I-355 North-South tollroad is on the western border of the village. Commuter train service to Chicago is available in downtown Lombard and Wood Dale. O'Hare International Airport is approximately 8 miles from the village.

According to data from the Northern Illinois MLS there were 152 sales of single family homes in 2007, down from 242 in 2006. The average sales price was $316,868.00, this was a decrease from $320,598.00 in 2006. Marketing times were an average of 133 days on the market, up over the 2006 average of 80 days.

As of February 8, 2008 there are 192 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 15.77 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply.

To recap 2007 for detached homes, sales volume was down -37.19%, average sales prices were down -1.16%, and the days on the market were up +66.25%. This market is oversupplied and the 192 active listings have already been on the market an average of 188 days.

The condo/townhouse market had 81 sales, down from the 141 properties that sold in 2006. Sales prices saw a decrease with the average 2007 sales price at $194,783.00, compared to $203,679.00 in 2006. Marketing times were an average of 137 days on the market, an increase from the 2006 average of 93 days.

There are 111 active listings of attached homes in the MLS. Based on the 2007 level of absorption this is 16.44 months of unsold inventory.

The condo/townhouse market is over supplied, sales volume was down -42.55%, average sales price decreased -2.07%, and the days on the market increased +47.31%. The 111 active MLS listings have already been on the market an average of 182 days.

If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.

Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.

Citywide Services provides residential appraisal service in Addison, Illinois 60101. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. For all your Dupage County appraisal needs contact Citywide.

To order an appraisal or to speak with an appraiser call 1-800-405-9718

The Village of Addison Website

Subject	Number	Percent		Subject	Number	Percent
Total housing units	12,479	100.0		OCCUPANTS PER ROOM
UNITS IN STRUCTURE				Occupied housing units	12,325	100.0
1-unit, detached	7,683	61.6		1.00 or less	10,775	87.4
1-unit, attached	580	4.6		1.01 to 1.50	794	6.4
2 units	196	1.6		1.51 or more	756	6.1
3 or 4 units	719	5.8
5 to 9 units	1,174	9.4		Specified owner-occupied units	7,556	100.0
10 to 19 units	1,079	8.6		VALUE
20 or more units	1,032	8.3		Less than $50,000	38	0.5
Mobile home	9	0.1		$50,000 to $99,999	138	1.8
Boat, RV, van, etc.	7	0.1		$100,000 to $149,999	1,773	23.5
				$150,000 to $199,000	3,110	41.2
YEAR STRUCTURE BUILT				$200,000 to $299,999	1,966	26.0
1999 to March 2000	90	0.7		$300,000 to $499,999	494	6.5
1995 to 1998	419	3.4		$500,000 to $999,999	19	0.3
1990 to 1994	636	5.1		$1,000,000 or more	18	0.2
1980 to 1989	1,733	13.9		Median (dollars)	173,200	(X)
1970 to 1979	3,449	27.6
1960 to 1969	3,678	29.5		MORTGAGE STATUS AND SELECTED
1940 to 1959	2,234	17.9		MONTHLY OWNER COSTS
1939 or earlier	240	1.9		With a mortgage	5,258	69.6
				Less than $300	7	0.1
ROOMS				$300 to $499	45	0.6
1 room	180	1.4		$500 to $699	111	1.5
2 rooms	715	5.7		$700 to $999	537	7.1
3 rooms	1,525	12.2		$1,000 to $1,499	2,237	29.6
4 rooms	1,640	13.1		$1,500 to $1,999	1,533	20.3
5 rooms	2,284	18.3		$2,000 or more	788	10.4
6 rooms	2,298	18.4		Median (dollars)	1,439	(X)
7 rooms	1,650	13.2		Not mortgaged	2,298	30.4
8 rooms	1,257	10.1		Median (dollars)	465	(X)
9 or more rooms	930	7.5
Median (rooms)	5.5	(X)		SELECTED MONTHLY OWNER COSTS
				AS A PERCENTAGE OF HOUSEHOLD
Occupied Housing Units	12,325	100.0		INCOME IN 1999
YEAR HOUSEHOLDER MOVED INTO UNIT				Less than 15 percent	2,173	28.8
1999 to March 2000	2,118	17.2		15 to 19 percent	1,288	17.0
1995 to 1998	3,443	27.9		20 to 24 percent	1,082	14.3
1990 to 1994	2,019	16.4		25 to 29 percent	905	12.0
1980 to 1989	1,892	15.4		30 to 34 percent	557	7.4
1970 to 1979	1,579	12.8		35 percent or more	1,476	19.5
1969 or earlier	1,274	10.3		Not computed	75	1.0
VEHICLES AVAILABLE				Specified renter-occupied units	3,721	100.0
None	667	5.4		GROSS RENT
1	4,036	32.7		Less than $200	66	1.8
2	4,977	40.4		$200 to $299	25	0.7
3 or more	2,645	21.5		$300 to $499	194	5.2
				$500 to $749	2,240	60.2
HOUSE HEATING FUEL				$750 to $999	779	20.9
Utility Gas	11,055	89.7		$1,000 to $1,499	231	6.2
Bottled, Tank, or LP gas	92	0.7		$1,500 or more	68	1.8
Electricity	1,069	8.7		No cash rent	118	3.2
Fuel oil, kerosene, etc.	0	0.0		Median (dollars)	690	(X)
Coal or coke	0	0.0
Wood	0	0.0		GROSS RENT AS A PERCENTAGE OF
Solar energy	0	0.0		HOUSEHOLD INCOME IN 1999
Other fuel	41	0.3		Less than 15 percent	723	19.4
No fuel used	68	0.6		15 to 19 percent	545	14.6
				20 to 24 percent	563	15.1
SELECTED CHARACTERISTICS				25 to 29 percent	405	10.9
Lacking complete plumbing facilities	63	0.5		30 to 34 percent	307	8.3
Lacking complete kitchen facilities	31	0.3		35 percent or more	923	24.8
No telephone service	204	1.7		Not computed	255	6.9
-Represent zero or rounds to zero.    (X) Not applicable.
Source: U.S. Bureau of the Census, Census 2000.