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Deerfield IL beckons, Deerfield IL real estate


Deerfield, one of the most predominant suburbs in the north shore region of Chicago city with a population of about 19,000, is one of America’s old time towns. Deerfield IL real estate industry is starting to stabilize after it saw a major decline in the end of last year. The median price of homes in the area has seen an improvement after they touched a low mark of $400 k last year. The Deerfield real estate industry had last seen such prices in 2003. The number of houses sold last year has also seen a declining trend with the numbers reducing to 90 in the last quarter.

However the situation is gradually changing and the real estate industry is finally leveling out. The market value of houses which fell through the first quarter of this year touching $468 k after having seen a high of $600 k in August last year are finally stabilizing. Currently, a one bedroom house in Deerfield IL would cost about $200 k while a four bedroom one can go up to $800 k.

The latest trend to have caught on in Deerfield is of custom homes built as per the home owners design and available in virtually each new development and neighborhood of the area. People are choosing from Cape Cods, ranches, Colonials, split levels and other such popular styles of housing.

The area has much to offer its residents and people interested in buying or selling real estate in the area can contact one of the good realtors like Weichert Realtors who offer property listings, home valuation tools, advice on mortgages and insurance and much more. Weichert Realtors with more than 18,000 sales associates spread over 500 different offices offer their expert services in finding the right homes that suits both budgets and tastes.


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