Appraisal, Appraisers, Glenwood, Illinois 60425

Glenwood, Illinois 60425

The village of Glenwood is located approximately 22 miles south of the Chicago "Loop" in suburban Cook County. The population was 9,000 at the 2000 census. The village has a total area of 2.7 square miles.

The village is bordered by Thornton to the north, Lynwood to the east, Chicago Heights & Ford Heights to the south and Homewood to the west.

According to data from the Northern Illinois MLS, there were 103 sales of single family homes in 2007. The sales volume was down from 124 sales in 2006. Sales prices saw a very slight decrease with the average 2007 sales price at $165,506.00, compared to $165,592.00 in 2006. Marketing times were an average of 143 days on the market, up over the 2006 average of 86 days.

As of February 1, 2008 there are 83 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 9.67 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 -16.93%, average sales prices are stable, down only -0.05%, and the days on the market were up +66.27%. This market is oversupplied and the 83 active listings have already been on the market an average of 157 days.

The condo/townhouse market had 30 sales, down from the 52 properties that sold in 2006. Sales prices saw a decrease with the average 2007 sales price at $87,162.00, compared to $103,904.00 in 2006. Marketing times were an average of 103 days on the market, up over the 2006 average of 52 days.

There are 14 active listings of attached homes in the MLS. Based on the 2007 level of absorption this is 5.60 months of unsold inventory.

The condo/townhouse market is over supplied, sales volume was down -42.30%, average sales price declined -16.11%, and the days on the market were up +98.07%. The 14 active MLS listings have already been on the market an average of 131 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 Glenwood, Il. 60425. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. When you need to find an appraiser in Cook County contact Citywide.

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

Village of Glenwood Website

Geographic Area: Glenwood, Cook County Illinois 60425

Subject	Number	Percent	Subject	Number	Percent

Total housing units	3,448	100.0	OCCUPANTS PER ROOM
UNITS IN STRUCTURE			Occupied housing units	3,361	100.0
1-unit, detached	2,465	71.5	1.00 or less	3,312	98.5
1-unit, attached	38	1.1	1.01 to 1.50	43	1.3
2 units	24	0.7	1.51 or more	6	0.2
3 or 4 units	194	5.6
5 to 9 units	156	4.5	Specified owner-occupied units	2,296	100.0
10 to 19 units	278	8.1	VALUE
20 or more units	287	8.3	Less than $50,000	12	0.5
Mobile home	6	0.2	$50,000 to $99,999	585	25.5
Boat, RV, van, etc.	0	0.0	$100,000 to $149,999	1,239	54.0
			$150,000 to $199,000	433	18.9
YEAR STRUCTURE BUILT			$200,000 to $299,999	21	0.9
1999 to March 2000	0	0.0	$300,000 to $499,999	0	0.0
1995 to 1998	16	0.5	$500,000 to $999,999	6	0.3
1990 to 1994	49	1.4	$1,000,000 or more	0	0.0
1980 to 1989	153	4.4	Median (dollars)	125,900	(X)
1970 to 1979	1,470	42.6
1960 to 1969	1,418	41.1	MORTGAGE STATUS AND SELECTED
1940 to 1959	189	5.5	MONTHLY OWNER COSTS
1939 or earlier	153	4.4	With a mortgage	1,752	76.3
			Less than $300	0	0.0
ROOMS			$300 to $499	18	0.8
1 room	0	0.0	$500 to $699	131	5.7
2 rooms	46	1.3	$700 to $999	456	19.9
3 rooms	92	2.7	$1,000 to $1,499	733	31.9
4 rooms	375	10.9	$1,500 to $1,999	326	14.2
5 rooms	678	19.7	$2,000 or more	88	3.8
6 rooms	746	21.6	Median (dollars)	1,200	(X)
7 rooms	743	21.5	Not mortgaged	544	23.7
8 rooms	529	15.3	Median (dollars)	404	(X)
9 or more rooms	239	6.9
Median (rooms)	6.2	(X)	SELECTED MONTHLY OWNER COSTS
			AS A PERCENTAGE OF HOUSEHOLD
Occupied Housing Units	3,361	100.0	INCOME IN 1999
YEAR HOUSEHOLDER MOVED INTO UNIT			Less than 15 percent	759	33.1
1999 to March 2000	376	11.2	15 to 19 percent	489	21.3
1995 to 1998	786	23.4	20 to 24 percent	276	12.0
1990 to 1994	483	14.4	25 to 29 percent	249	10.8
1980 to 1989	667	19.8	30 to 34 percent	132	5.7
1970 to 1979	728	21.7	35 percent or more	373	16.2
1969 or earlier	321	9.6	Not computed	18	0.8

VEHICLES AVAILABLE			Specified renter-occupied units	452	100.0
None	178	5.3	GROSS RENT
1	1,231	36.6	Less than $200	0	0.0
2	1,262	37.5	$200 to $299	0	0.0
3 or more	690	20.5	$300 to $499	20	4.4
			$500 to $749	287	63.5
HOUSE HEATING FUEL			$750 to $999	106	23.5
Utility Gas	2,752	81.9	$1,000 to $1,499	23	5.1
Bottled, Tank, or LP gas	18	0.5	$1,500 or more	16	3.5
Electricity	591	17.6	No cash rent	0	0.0
Fuel oil, kerosene, etc.	0	0.0	Median (dollars)	702	(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	0	0.0	Less than 15 percent	66	14.6
No fuel used	0	0.0	15 to 19 percent	97	21.5
			20 to 24 percent	46	10.2
SELECTED CHARACTERISTICS			25 to 29 percent	33	7.3
Lacking complete plumbing facilities	7	0.2	30 to 34 percent	59	13.1
Lacking complete kitchen facilities	13	0.4	35 percent or more	151	33.4
No telephone service	37	1.1	Not computed	0	0.0

-Represent zero or rounds to zero. (X) Not applicable.
Source: U.S. Bureau of the Census, Census 2000.

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