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Libertyville, Illinois 60048
Libertyville is a suburb of Chicago located in Lake County. As of the 2000 census, the village of Libertyville had a total population of 20,742.
The Des Plaines River forms much of the western boundary of the village. Libertyville's main street is Milwaukee Avenue. The main route to Chicago is Interstate 94; Chicago's Loop is approximately 45 miles away. Libertyville is also a winner of the Great American Main Street Award, given to towns that strive to maintain the look and feel of the village as it has for generations.
According to data from the Northern Illinois MLS there were 309 sales of detached homes in 2007, up from 283 in 2006. The average sales price was $574,913.00, this was a decline from $588,907.00 in 2006. Marketing times were an average of 161 days on the market, and increase over the 2006 average of 131 days.
As of January 6, 2008 there were 277 active listings of detached homes. At the 2007 level of absorption this is 10.75 months of available inventory. A 3-4 months supply of inventory is considered "in Balance"
Available inventory is oversupplied, sales volume is up +8.41%, sales prices are down -2.37%, days on market are up +22.90%.
There were 81 sales of attached homes & condominiums in 2007, down from 100 in 2006. The average sales price was $286,543.00, this was a decrease from $292,343.00 in 2006. Marketing times were an average of 131 days on the market, an increase over the 2006 average of 104 days.
Currently there are 70 active listings. At the 2007 level of absorption of 6.75 sales per month there is 10.37 months of available inventory.
The available inventory in the condo/townhouse market is oversupplied, sales volume is down -19.00%, sales prices are down -1.98%, days on market are up +25.96%.
Overall changes in prices are showing a decline, combined with the increase in marketing times this market is cooling off. There are very high levels of available inventory, 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 Libertyville, Illinois 60048. 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 Lake County contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
Geographic Area: Libertyville/Green Oaks, Lake County Illinois 60048
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
9,982 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
9,735 |
100.0 |
| 1-unit, detached |
7,798 |
78.1 |
|
1.00 or less |
9,673 |
99.4 |
| 1-unit, attached |
761 |
7.6 |
|
1.01 to 1.50 |
47 |
0.5 |
| 2 units |
230 |
2.3 |
|
1.51 or more |
15 |
0.2 |
| 3 or 4 units |
285 |
2.9 |
|
|
|
|
| 5 to 9 units |
301 |
3.0 |
|
Specified owner-occupied units |
7,651 |
100.0 |
| 10 to 19 units |
286 |
2.9 |
|
VALUE |
|
|
| 20 or more units |
314 |
3.1 |
|
Less than $50,000 |
0 |
0.0 |
| Mobile home |
7 |
0.1 |
|
$50,000 to $99,999 |
105 |
1.4 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
260 |
3.4 |
| |
|
|
|
$150,000 to $199,000 |
1,079 |
14.1 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
2,720 |
35.6 |
| 1999 to March 2000 |
278 |
2.8 |
|
$300,000 to $499,999 |
2,483 |
32.5 |
| 1995 to 1998 |
693 |
6.9 |
|
$500,000 to $999,999 |
926 |
12.1 |
| 1990 to 1994 |
507 |
5.1 |
|
$1,000,000 or more |
78 |
1.0 |
| 1980 to 1989 |
2,059 |
20.6 |
|
Median (dollars) |
286,400 |
(X) |
| 1970 to 1979 |
2,407 |
24.1 |
|
|
|
|
| 1960 to 1969 |
1,265 |
12.7 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
1,871 |
18.7 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
902 |
9.0 |
|
With a mortgage |
6,071 |
79.3 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
7 |
0.1 |
| 1 room |
20 |
0.2 |
|
$500 to $699 |
63 |
0.8 |
| 2 rooms |
133 |
1.3 |
|
$700 to $999 |
237 |
3.1 |
| 3 rooms |
440 |
4.4 |
|
$1,000 to $1,499 |
1,104 |
14.4 |
| 4 rooms |
780 |
7.8 |
|
$1,500 to $1,999 |
1,457 |
19.0 |
| 5 rooms |
892 |
8.9 |
|
$2,000 or more |
3,203 |
41.9 |
| 6 rooms |
1,240 |
12.4 |
|
Median (dollars) |
2,071 |
(X) |
| 7 rooms |
1,550 |
15.5 |
|
Not mortgaged |
1,580 |
20.7 |
| 8 rooms |
1,805 |
18.1 |
|
Median (dollars) |
662 |
(X) |
| 9 or more rooms |
3,122 |
31.3 |
|
|
|
|
| Median (rooms) |
7.5 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
9,735 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
2,315 |
30.3 |
| 1999 to March 2000 |
1,542 |
15.8 |
|
15 to 19 percent |
1,668 |
21.8 |
| 1995 to 1998 |
2,826 |
29.0 |
|
20 to 24 percent |
1,007 |
13.2 |
| 1990 to 1994 |
1,577 |
16.2 |
|
25 to 29 percent |
837 |
10.9 |
| 1980 to 1989 |
2,121 |
21.8 |
|
30 to 34 percent |
521 |
6.8 |
| 1970 to 1979 |
1,006 |
10.3 |
|
35 percent or more |
1,279 |
16.7 |
| 1969 or earlier |
663 |
6.8 |
|
Not computed |
24 |
0.3 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
1,456 |
100.0 |
| None |
328 |
3.4 |
|
GROSS RENT |
|
|
| 1 |
1,869 |
19.2 |
|
Less than $200 |
86 |
5.9 |
| 2 |
5,469 |
56.2 |
|
$200 to $299 |
24 |
1.6 |
| 3 or more |
2,069 |
21.3 |
|
$300 to $499 |
83 |
5.7 |
| |
|
|
|
$500 to $749 |
355 |
24.4 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
506 |
34.8 |
| Utility Gas |
8,800 |
90.4 |
|
$1,000 to $1,499 |
226 |
15.5 |
| Bottled, Tank, or LP gas |
48 |
0.5 |
|
$1,500 or more |
162 |
11.1 |
| Electricity |
831 |
8.5 |
|
No cash rent |
14 |
1.0 |
| Fuel oil, kerosene, etc. |
20 |
0.2 |
|
Median (dollars) |
848 |
(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 |
23 |
0.2 |
|
Less than 15 percent |
311 |
21.4 |
| No fuel used |
13 |
0.1 |
|
15 to 19 percent |
262 |
18.0 |
| |
|
|
|
20 to 24 percent |
269 |
18.5 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
168 |
11.5 |
| Lacking complete plumbing facilities |
17 |
0.2 |
|
30 to 34 percent |
137 |
9.4 |
| Lacking complete kitchen facilities |
10 |
0.1 |
|
35 percent or more |
295 |
20.3 |
| No telephone service |
14 |
0.1 |
|
Not computed |
14 |
1.0 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000. |
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