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November 28, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Des Plaines, Illinois

Reported by Dennis Toomey, REALTOR

Updated November 28, 2009.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

The inventory of homes has many Short Sales and Foreclosures, which has been putting pressure on home prices. Rates are at a low and the banks are tightening their mortgage qualifications. This is a great time for buyers with more inventory to choose from. $8,000 tax credit for first time buyers and $6,500 tax credit for exisiting homeowners (5 years) expires April 30, 2010.

ZIP Codes: 60016, 60018

Location Characteristics: Des Plaines is approximately seventeen miles from downtown Chicago. Located in the heart of the northwest suburbs of Chicago, Des Plaines residents are within minutes of all major transportation centers including, Chicago's O'Hare International airport, Metra Commuter Train (which connects commuters to Amtrak), Pace Suburban Bus System, CTA "L" and Interstates 90, 94, and 294.

Diversity gives "The City of Destiny" a unique flavor. The city has a population base of 56,945. In addition to an ethnically diverse community, the city is home to several Fortune 500 companies as well as many industrial, commercial, retail and service businesses -- giving residents low property taxes with a wide variety of city services. The city covers 15.85 square miles.

The City of Des Plaines operates under the Council-Manager form of government. The Council acts as the City's legislative body, enacting the laws and establishing the policies that govern the city. The Council consists of a part-time Mayor and the Alderman representing each of the eight individual wards. A full-time City Manager oversees the day-to-day operation of the city.

Des Plaines has much to offer. The Des Plaines Park District maintains two golf courses, driving range, a water park as well as a full range of programs and activities. The Des Plaines Senior Center offers an array of services and events for local seniors. The city has also begun "The Taste of Des Plaines," an annual event featuring local entertainment and restaurants.

Des Plaines is committed to ongoing development within its city, including revitalizing the downtown area. In 2000 the city opened its doors to a brand new state-of-the-art library along with a new retail district signaling the beginning of a renaissance in Des Plaines. Downtown redevelopment and new economic growth offer bright prospects for the future of Des Plaines.

For More Information:

View Market Conditions of other areas served by Dennis Toomey

Navigate: Top > Illinois > Des Plaines

About Dennis Toomey:
Over 35 years of Sales, Marketing & Contract Negotiation Experience

Licensed Illinois Real Estate Broker

ABR - Accredited Buyer's Representative of the Real Estate Buyer's Agent Council

GRI - Graduate Realtor Institute designee of the National Association of Realtors
REALTORS® with the GRI designation are highly trained in many areas of real estate to better serve and protect their clients.

CRP - Certified Relocation Professional
It is awarded only to those individuals who have demonstrated knowledge and expertise in all aspects of corporate relocation.

CRS - Certified Residential Specialist - The Top 4 Percent
Less than 4 percent of all licensed Realtors® are Certified Residential Specialists.

e-PRO Internet Professional
e-PRO is the only NAR approved Internet Certification Program.

RE/MAX Hall of Fame

100% satisfaction GUARANTEED to all clients, whether Buyer or Seller

Fast, friendly & easy to work with


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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