Real Estate Appraisal, Itasca, Illinois 60143

Itasca, Illinois 60143

The Village of Itasca is located approximately 25 miles West of the Chicago "Loop" in suburban Dupage County. According to the 2000 census the population was 8,302. The total area of the village is 4.9 square miles.

Itasca is bordered by Elk Grove Village to the north, the village of Wood Dale to the east, the village of Addison to the south, and the village of Roselle to the west.

According to data from the Northern Illinois MLS there were 39 sales in 2007, down from 52 in 2006. The average sales price was $433,638.00, down from $475,113.00 in 2006. Marketing times were an average of 158 days on the market, up over the 2006 average of 129 days.

As of January 9, 2008 there were 71 active listings of detached homes. Based on the 2007 level of absorption of 3.25 sales per month there is 21.84 months of available inventory. A 3-4 months supply of inventory is considered "in balance".

For the year end of 2007 sales volume was down -25.00%, average sales prices were down -8.721%, and the days on the market were up +22.48%. This market is oversupplied and the 71 active listings have already been on the market an average of 257 days.

There were 33 sales of condominium/townhouses in 2007, down from 61 in 2006. The average sales price was $258,313.00, down from $275,745.00 in 2006. Marketing times were an average of 136 days on the market, up over the 2006 average of 71 days.

There are 61 active listings of attached homes. Based on the 2007 level of absorption of 2.75 sales per month there is 22.18 months of available inventory. A 3-4 months supply of inventory is considered "in Balance".

For the year end of 2007 sales volume was down -45.90% in the condo/townhouse market. The average sales prices were down -6.32%, and the days on the market were up +91.54%. This market is oversupplied and the 61 active listings have already been on the market an average of 188 days.

All of this points to a cooling market, 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 Itasca, Il. 60143. 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

Village of Itasca Website

Geographic Area: Itasca, Du Page County Illinois 60143

Subject	Number	Percent	Subject	Number	Percent

Total housing units	3,889	100.0	OCCUPANTS PER ROOM
UNITS IN STRUCTURE			Occupied housing units	3,795	100.0
1-unit, detached	2,290	58.9	1.00 or less	3,743	98.6
1-unit, attached	640	16.5	1.01 to 1.50	31	0.8
2 units	36	0.9	1.51 or more	21	0.6
3 or 4 units	72	1.9
5 to 9 units	157	4.0	Specified owner-occupied units	2,556	100.0
10 to 19 units	61	1.6	VALUE
20 or more units	633	16.3	Less than $50,000	16	0.6
Mobile home	0	0.0	$50,000 to $99,999	33	1.3
Boat, RV, van, etc.	0	0.0	$100,000 to $149,999	280	11.0
			$150,000 to $199,000	773	30.2
YEAR STRUCTURE BUILT			$200,000 to $299,999	1,007	39.4
1999 to March 2000	77	2.0	$300,000 to $499,999	362	14.2
1995 to 1998	459	11.8	$500,000 to $999,999	77	3.0
1990 to 1994	312	8.0	$1,000,000 or more	8	0.3
1980 to 1989	250	6.4	Median (dollars)	212,800	(X)
1970 to 1979	1,077	27.7
1960 to 1969	601	15.5	MORTGAGE STATUS AND SELECTED
1940 to 1959	941	24.2	MONTHLY OWNER COSTS
1939 or earlier	172	4.4	With a mortgage	1,814	71.0
			Less than $300	0	0.0
ROOMS			$300 to $499	9	0.4
1 room	17	0.4	$500 to $699	85	3.3
2 rooms	50	1.3	$700 to $999	168	6.6
3 rooms	213	5.5	$1,000 to $1,499	545	21.3
4 rooms	385	9.9	$1,500 to $1,999	698	27.3
5 rooms	838	21.5	$2,000 or more	309	12.1
6 rooms	838	21.5	Median (dollars)	1,562	(X)
7 rooms	636	16.4	Not mortgaged	742	29.0
8 rooms	488	12.5	Median (dollars)	528	(X)
9 or more rooms	424	10.9
Median (rooms)	6.0	(X)	SELECTED MONTHLY OWNER COSTS
			AS A PERCENTAGE OF HOUSEHOLD
Occupied Housing Units	3,795	100.0	INCOME IN 1999
YEAR HOUSEHOLDER MOVED INTO UNIT			Less than 15 percent	813	31.8
1999 to March 2000	548	14.4	15 to 19 percent	496	19.4
1995 to 1998	1,279	33.7	20 to 24 percent	365	14.3
1990 to 1994	598	15.8	25 to 29 percent	317	12.4
1980 to 1989	481	12.7	30 to 34 percent	152	5.9
1970 to 1979	421	11.1	35 percent or more	413	16.2
1969 or earlier	468	12.3	Not computed	0	0.0

VEHICLES AVAILABLE			Specified renter-occupied units	872	100.0
None	130	3.4	GROSS RENT
1	1,089	28.7	Less than $200	0	0.0
2	1,874	49.4	$200 to $299	8	0.9
3 or more	702	18.5	$300 to $499	20	2.3
			$500 to $749	137	15.7
HOUSE HEATING FUEL			$750 to $999	451	51.7
Utility Gas	3,376	89.0	$1,000 to $1,499	204	23.4
Bottled, Tank, or LP gas	8	0.2	$1,500 or more	30	3.4
Electricity	395	10.4	No cash rent	22	2.5
Fuel oil, kerosene, etc.	0	0.0	Median (dollars)	856	(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	9	0.2	Less than 15 percent	231	26.5
No fuel used	7	0.2	15 to 19 percent	200	22.9
			20 to 24 percent	110	12.6
SELECTED CHARACTERISTICS			25 to 29 percent	112	12.8
Lacking complete plumbing facilities	14	0.4	30 to 34 percent	11	1.3
Lacking complete kitchen facilities	0	0.0	35 percent or more	178	20.4
No telephone service	16	0.4	Not computed	30	3.4

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

Itasca Relocation Appraisals

Today's Inman News

Today's Featured Community