Sep
11

Metra Increases Homeowners Chance to Sell

September 11, 2010

You will have better luck selling your Chicagoland real estate if there’s a choo-choo nearby.

Chicago suburbs served by Metra commuter trains had more home sales in the first half of this year than the entire suburban portion of the seven-county Chicago real estate market.

These stats come from the third annual Metra Community Study conducted by RE/MAX Northern Illinois, which compared home sales in three towns along each of the 11 suburban Metra corridors to the overall suburban real estate market.

The 2010 results were compared to sales during the first half of last year.

*Home sales in Metra-served communities rose 47% in 2010 over 2009; the total suburban market increased 37%.

*Home sales along the North Line, which serves the North Shore, increased 75% compared to last year; the most of any Metra line.

*Home sales along the Electric Line, which serves the South suburbs, rose only 1% over last year’s numbers.

*Home sales along the Union Pacific West Line rose 57% over 2009.

*Home sales in communities closest to the city rose 59%.

“Because families today are putting more emphasis on reining in their expenses,” said Jim Merrion of RE/MAX Northern Illinois, “access to public transit may be more significant to home buyers going forward than at any time in recent years.”

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