Orland Park 
There are currently 19 blog entries related to this category.
Orland Park Homes Year End Sales Statistics 2011
Friday, January 20th, 2012 at 11:16am. 95 Views, 0 Comments.
I've been eagerly awaiting the sales stats for 2011 for Orland Park homes and surrounding areas, and they're finally out. I've posted quarterly and semi-annual stats and now we have the whole story.
| # of Properties Sold | % Change | Average Sale Price | % Change |
| 2011 | 2010 | 2011 | 2010 | ||
| 282 | 266 | 6% | $318,088 | $357,690 | -11.1% |
I was thinking we'd have a higher percentage of properties sold last year compared to 2010. A 6% increase is better than nothing or a decrease, but I thought it would be better.
The bad news is a double digit decrease in prices. Orland Park seemed to be holding price better than many other villages, but look at those
…Lots of News for 2012
Saturday, December 17th, 2011 at 12:24pm. 154 Views, 0 Comments.
Lots of "News" for 2012
For the first time in a while I feel optimistic for the upcoming year. We are busier than normal at this time of year, so I feel 2012 will be even better, and might show a quicker start to the selling season. We have some new things coming up and I'd like to briefly go over them here.
There's a new team in town
I have already introduced my husband Jimmy Herter and my son Matt Orr. Jimmy got licensed last year and is now a Broker. My son Matt has helped us out on and off over the years and he has committed to giving us more time. Matt is our "new" photographer with his new camera. Our photos have always received compliments from happy sellers, but we've now kicked them up a notch.
We have a new newsletter
…6 Month Activity for Homer Glen, Lemont, Orland Park and Surrounding Suburbs
Tuesday, October 18th, 2011 at 4:03pm. 209 Views, 0 Comments.
I recently shared 1st half of 2011 sales activity for only 4 neighboring towns and decided to add more towns in my service area. The table below will show sales activity for the 1st half of 2011 for single family Homer Glen homes, Lemont, Lockport, Mokena, New Lenox, Orland Hills, Orland Park and Palos Park.
| # of Houses Sold | Average Sale Price |
| Town | Sold YRD | Sold YRD | YOY | Avg Price | Avg Price | YOY |
| 2011 | 2010 | % Chg | 2011 | 2010 | % Chg | |
| Homer Glen | 68 | 81 | -16.1% | $321,950 | $334,765 | -3.8% |
| Lemont | 55 | 58 | -5.2% | $383,940 | $368,418 | 4.2% |
| Lockport | 86 | 134 | -35.8% | $176,621 | $202,241 | -12.7% |
| Mokena | 58 | 55 |
6 Month Activity for Homer Glen, Lemont, Orland Park and Palos Park
Saturday, October 1st, 2011 at 6:22pm. 125 Views, 0 Comments.
The chart below will show market activity for single family homes for Homer Glen, Lemont, Orland Park and Palos Park for the first half of 2011.
| Village |
# of Sales 2011 |
# of Sales 2010 |
% Change |
Avg. Price 2011 |
Avg. Price 2010 |
% Change |
| Homer Glen |
68 | 81 | -16.1% |
$321,950 | $334,765 |
-3.8% |
| Lemont | 55 | 58 | -5.2% | $383,940 | $368,416 | 4.2% |
| Orland Park |
126 | 151 | -8.3% | $317,157 | $345,934 | -8.3% |
| Palos Park |
17 | 27 | -37% | $320,558 | $369,345 | -13.2% |
Every town has shown a decrease in homes sold. Palos Park has been hit the hardest with a large 37% decrease in the sale of Palos Park homes.
Palos Park showed the only
…The New Invaders to Play at Taste of Orland Park on Sunday, the 7th
Friday, August 5th, 2011 at 5:09pm. 289 Views, 0 Comments.
You might have seen The New Invaders at The Taste of Orland Park back in 2005, but the band is different today. Jay Goeppner is the new lead singer and there has been a recent addition of Rick Mallin on keyboards. Rick is singer Melody Mallin's Dad! Rick has been in different bands, the most recent was The Runaways.
Jay Goeppner has brought new life to this 60's-early 70's rock band. Jay still performs with the Beatle Brothers and was with Instant Karma Band. He has played with many other bands, including back-up for Cheap Trick. Look for Jay's bio on The New Invaders website to see all of the famous people Jay has worked with.
The band will be playing on Sunday, the 7th, at 4:00-6:00, opening for American English. Come early to
…Orland Park Homes Sold 1st Quarter 2011
Sunday, May 22nd, 2011 at 6:15pm. 501 Views, 0 Comments.
For the past two years, I have been more interested in sales statistics than ever before. I'm interested in seeing the trend of sales and prices. We hear and read statistics on the news and Internet, but real estate is local.
Following are sales statistics for Orland Park homes for the first quarter of 2011
| # of Properties Sold | % Change | Average Sale Price | % Change |
| 2011 | 2010 | 2011 | 2010 | ||
| 64 | 49 | 30.6% | $335,876 | $352,742 | -4.8% |
The good news is we have seen a hefty increase in the amount of Orland Park homes sold. Prices are still declining, but at least they are in single digits.
If you are interested in Orland Park homes for sale feel free to search the Orland
…Is Home Ownership Losing Popularity?
Wednesday, April 13th, 2011 at 6:57pm. 544 Views, 1 Comments.
Everyone knows that prices continue dropping in many areas, including Illinois suburbs. But those low prices could
be good enough for buyers to consider making a purchase this year. An easy way of figuring out if it's worthwhile purchasing a home vs. renting is to figure out what your mortgage payment would be compared to current rental prices. You also need to take into consideration tax deductions for mortgage interest and real estate taxes for home owners, although they might not last forever. Feel free to use my mortgage calculator, although this does not compute any tax deductions.
There is More to it Then Just Monthly Payments
Even if your mortgage payment is more than a local rental, there is a completely different lifestyle in owning
…Search Tools for Chicago Suburbs Real Estate
Wednesday, February 9th, 2011 at 10:32am. 735 Views, 1 Comments.
I receive many registrations daily from people who have found my website by using search terms such as Orland Park real estate or Homer Glen homes, for example. Sometimes, I wonder how some people find my site since their searches are not in areas I work in, but they found my website using some kind of search terms.
The visitors that register to use my MLS search (or IDX) are free to search in our very large multiple listing service that covers Northern IL and some portions of Wisconsin, Michigan and Indiana. Our multiple listing service used to be the largest in the nation, but I know there are newer ones that have surpassed our MLS.
This means I don't service all of the areas that are in my MLS. I only work in the southwest Cook County
…Osteria Ottimo, Favorite Restaurant in Orland Park
Friday, January 21st, 2011 at 1:09pm. 1030 Views, 0 Comments.
I don't consider myself a food critic - as long as I don't have to cook it and clean up after, I'm pretty happy. I will 
admit as I've aged my palette has become a bit choosier and I've actually stopped going to some restaurants if I don't like what I ordered or if the service was bad.
I've never been attracted to Italian restaurants as I usually don't order pasta and if I do, I prefer a sweeter sauce than many Italian restaurants make. My favorite pasta/meat sauce is bolognese, which some restaurants do not make the way it should be (with carrots, which gives it a deep flavor). I love it when I find a place that makes it correctly.
One weekend evening my husband and I were driving around looking for a place without a long wait. We ran into
…Have We Hit Bottom Yet?
Sunday, September 19th, 2010 at 1:56pm. 649 Views, 0 Comments.
Have we hit the bottom of low home price values? The optimists keep saying we should see an improvement at the 
end of 2011 and into 2012. They might be somewhat correct, let's face it, they're talking a year down the road.
Today's low interest rates are tempting
Others are saying that the current low interest rates are another government ploy to keep buyers in the market. And they might be correct, depending on how low prices drop in the future. At today's current rates, you'd be better off with 4.5% interest rates vs. a 10% reduction at 6% based on an average home price of around $300,000. You can try out my financing calculator to play around with rates on different price ranges.
How low will prices go?
No one can say for sure,
…