Leyden Township, IL. 60164 Real Estate Appraisers

Leyden Township, Illinois 60164

The Town of Leyden was established on April 2, 1850. The township includes the Villages of Elmwood Park, River Grove, Franklin Park, Schiller Park, and portions of the Villages of Norridge, Park Ridge and Rosemont and the City of Northlake.

The area has excellent access to transportation. Leyden is located near O’Hare International Airport and is centrally located to all local highways. Commuters can board METRA trains in the Villages of Elmwood Park, Franklin Park, River Grove and Rosemont.

Leyden also has an unincorporated area. The unincorporated area uses the Melrose Park Postal Service and uses a Northlake zip code 60164. The Leyden Fire Protection District and the Cook County Sheriff’s Police protect the unincorporated area.

Housing in the unincorporated area is entirely detached homes. According to data from the Northern Illinois MLS there were 48 sales of detached homes in 2007, down from 80 in 2006. The average sales price was $241,250.00, this was a decline from $258,303.00 in 2006. Marketing times were an average of 119 days on the market, and increase over the 2006 average of 90 days.

As of January 6, 2008 there were 81 active listings of detached homes. At the 2007 level of absorption this is 20.25 months of available inventory. A 3-4 months supply of inventory is considered "in Balance"

Available inventory is oversupplied, sales volume is down -40%, sales prices are down -6.60%, days on market are up +32.22%.

This neighborhood is being negatively affected by the loss of subprime lending. Sales volume, prices and marketing times are feeling the effect. There is way too much inventory for the demand, this points to long marketing times and lower prices in 2008.

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.

How to be 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 in the current market.

Citywide Services provides residential appraisal service in Leyden Township, Illinois 60164. 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

Leyden Township Website

Geographic Area: Unincorporated Leyden Township/Northlake Cook County Illinois 60164

Subject	Number	Percent	Subject	Number	Percent

Total housing units	7,130	100.0	OCCUPANTS PER ROOM
UNITS IN STRUCTURE			Occupied housing units	6,918	100.0
1-unit, detached	5,113	71.7	1.00 or less	6,345	91.7
1-unit, attached	77	1.1	1.01 to 1.50	264	3.8
2 units	206	2.9	1.51 or more	309	4.5
3 or 4 units	180	2.5
5 to 9 units	153	2.1	Specified owner-occupied units	4,748	100.0
10 to 19 units	639	9.0	VALUE
20 or more units	720	10.1	Less than $50,000	19	0.4
Mobile home	42	0.6	$50,000 to $99,999	325	6.8
Boat, RV, van, etc.	0	0.0	$100,000 to $149,999	3,025	63.7
			$150,000 to $199,000	1,174	24.7
YEAR STRUCTURE BUILT			$200,000 to $299,999	184	3.9
1999 to March 2000	4	0.1	$300,000 to $499,999	15	0.3
1995 to 1998	78	1.1	$500,000 to $999,999	6	0.1
1990 to 1994	82	1.2	$1,000,000 or more	0	0.0
1980 to 1989	353	5.0	Median (dollars)	137,700	(X)
1970 to 1979	568	8.0
1960 to 1969	1,406	19.7	MORTGAGE STATUS AND SELECTED
1940 to 1959	4,194	58.8	MONTHLY OWNER COSTS
1939 or earlier	445	6.2	With a mortgage	3,279	69.1
			Less than $300	6	0.1
ROOMS			$300 to $499	59	1.2
1 room	220	3.1	$500 to $699	183	3.9
2 rooms	282	4.0	$700 to $999	606	12.8
3 rooms	880	12.3	$1,000 to $1,499	1,698	35.8
4 rooms	633	8.9	$1,500 to $1,999	614	12.9
5 rooms	1,323	18.6	$2,000 or more	113	2.4
6 rooms	1,588	22.3	Median (dollars)	1,207	(X)
7 rooms	1,196	16.8	Not mortgaged	1,469	30.9
8 rooms	581	8.1	Median (dollars)	328	(X)
9 or more rooms	427	6.0
Median (rooms)	5.6	(X)	SELECTED MONTHLY OWNER COSTS
			AS A PERCENTAGE OF HOUSEHOLD
Occupied Housing Units	6,918	100.0	INCOME IN 1999
YEAR HOUSEHOLDER MOVED INTO UNIT			Less than 15 percent	1,540	32.4
1999 to March 2000	831	12.0	15 to 19 percent	705	14.8
1995 to 1998	1,820	26.3	20 to 24 percent	704	14.8
1990 to 1994	1,046	15.1	25 to 29 percent	556	11.7
1980 to 1989	1,090	15.8	30 to 34 percent	323	6.8
1970 to 1979	729	10.5	35 percent or more	886	18.7
1969 or earlier	1,402	20.3	Not computed	34	0.7

VEHICLES AVAILABLE			Specified renter-occupied units	1,609	100.0
None	538	7.8	GROSS RENT
1	2,331	33.7	Less than $200	11	0.7
2	2,436	35.2	$200 to $299	15	0.9
3 or more	1,613	23.3	$300 to $499	145	9.0
			$500 to $749	922	57.3
HOUSE HEATING FUEL			$750 to $999	179	11.1
Utility Gas	6,143	88.8	$1,000 to $1,499	170	10.6
Bottled, Tank, or LP gas	66	1.0	$1,500 or more	82	5.1
Electricity	661	9.6	No cash rent	85	5.3
Fuel oil, kerosene, etc.	7	0.1	Median (dollars)	616	(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	25	0.4	Less than 15 percent	343	21.3
No fuel used	16	0.2	15 to 19 percent	229	14.2
			20 to 24 percent	160	9.9
SELECTED CHARACTERISTICS			25 to 29 percent	96	6.0
Lacking complete plumbing facilities	52	0.8	30 to 34 percent	84	5.2
Lacking complete kitchen facilities	37	0.5	35 percent or more	587	36.5
No telephone service	160	2.3	Not computed	110	6.8

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

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