Chicago Metro Area Real Estate » Forest Park

Forest Park north of I-290 worth a look!

Fran Bailey, Baird and Warner Realtor — Wed, 14 Oct 2009 23:42:07 +0000

Today a woman called me about selling her condo in Forest Park. It’s at The Residences of The Grove, a newer condo development just north of I-290 and next to the Blue Line.

As I’ve written before, I think the portion of Forest Park north of I-290 has a lot going for it. Homes in most of that area are walking distance to both downtown Forest Park and downtown Oak Park. There are plenty of transportation options with I-290, the Metra, Green Line and Blue Line.

The same can be said of the area of Oak Park just east of Forest Park. However, housing in that area is definitely more expensive! The median sale price for northern Forest Park condos for the past 3 months was $149,900.^* In the neighboring part of Oak Park it was $179,000, 19% higher. The difference for houses is far greater! The median northern Forest Park house sale price was $236,250. In the neighboring part of Oak Park it was $416,500, 76% higher!

^*Based on Midwest Real Estate Data LLC (MRED) Data.Similar Posts:

For Great Italian in Forest Park, Check out Francesca’s Fiore

Fran Bailey, Baird and Warner Realtor — Thu, 02 Apr 2009 00:58:01 +0000

Last night my new listing agent and I met with a seller in Forest Park. After the meeting, we had dinner in downtown Forest Park at Francesca’s Fiore and discussed ideas for marketing the home. We’re both big fans of the Francesca’s chain of Italian Restaurants in the Chicago area, but neither of us had eaten at the one in Forest Park at 7407 W. Madison.

We weren’t disappointed. The restaurant had great ambiance. I had two of my favorites: the asparagus, blue cheese & tomato salad followed by rigatoni all verdure (rigatoni with a variety of vegetables). I’m not a big wine fan, but the wine my listing agent picked, Volpi Barbara, was pretty good too.

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Graciousness in Forest Park

Fran Bailey, Baird and Warner Realtor — Fri, 06 Jun 2008 23:34:36 +0000

This morning I arrived at a final walkthrough in Forest Park a few minutes before my buyers. Not only had the sellers taken care of all the issues from the inspection report, but the colorful plant shown left was in the kitchen. It was a gift with a lovely note from the sellers to my buyers!

Too often home sales are a tug of war between sellers trying to maximize their gains (or minimize their losses) and buyers trying to avoid overpaying.

I was truly impressed with these sellers who concluded this home sale on a gracious note. Similar Posts:

Forest Park Median Sale Prices on the Rise!

Fran Bailey, Baird and Warner Realtor — Fri, 11 Apr 2008 16:28:03 +0000

Yesterday I showed townhouses in the north part of Forest Park. I think the area has a lot going for it being walking distance to both Oak Park’s downtown and Forest Park’s downtown.

While many Chicago suburbs have seen dips in their median sale prices over the past 2 years, median home prices in Forest Park^* have been flat or rising as the chart below shows.

^*Based on Midwest Real Estate Data LLC (MRED) Data. MRED was recently formed by the merger of MLSNI and MAP MLS.Similar Posts:

Northern Forest Park – Walking Distance to Downtown Oak Park

Fran Bailey, Baird and Warner Realtor — Tue, 11 Dec 2007 19:23:47 +0000

Want to live within walking distance of Oak Park’s downtown (shown below outlined in red), but can’t afford to buy in Oak Park? Consider the northern part of Forest Park, just west of Oak Park.

While the median sale price for houses in Oak Park during the past 12 months was $465K^*, the median sale price was only $292K in Forest Park. Over half of the houses that sold in Forest Park in the past year were priced under $300K.

Downtown Oak Park is also walking distance from the south part of neighborhing suburb River Forest, but don’t expect more house for the money. The median sale price for the past year in River Forest was $914K! House prices start above $350K.

^*Based on Multiple Listing System of Northern Illinois (MLSNI) DataSimilar Posts: