Evanston IL home sales on the rise

Evanston IL, a suburban Chicago municipality located in the affluent North shore area of Chicago, is witnessing a rise in home prices and number of house sales as opposed to other cities of the state.Evanston IL real estate http://www.realestateinevanstonil.com industry is booming under this new wave. The median price of homes in the area has steadily grown over the last quarter and has almost touched the $ 400 k mark after having gone through a low of $325 k at the end of last year.

The average listing price for a one bedroom home in Evanston IL is about $250 k, while a two bedroom one would cost about $100 k more. The three bedroom and four bedroom homes in the area come with a price tag of $500 k and $700 k respectively. The market value is also showing a positive trend with the value being approximately $385 k as opposed to the low of $378 k in the last quarter.

The rise in the Evanston real estate http://www.realestateinevanstonil.com industry can be attributed to the city’s Down payment Assistance Program which offers the eligible first time buyers a forgivable loan for down payment or closing cost assistance of a home in the area. $25 k to $ 30 k are made available per household for down payment or as closing cost assistance depending upon the need and household income of the person applying. The funds of the city are made available at the time of closing of the home loan.

Weichert Realtors http://www.squidoo.com/evanston-real-estate can provide further details about the program and help in the application process. They also offer property listings, home valuation tools, advice on mortgages and insurance and many other real estate associated services though their 500 offices spread across the state having more than 18,000 sales representatives.

Contact Information

Weichert Realtors

Realtor

Weichert Realtors

Contact via E-mail