Chicago Home Sales Stronger in Metra-based Communities

October 11, 2012

chicago new home sales increase along metra linesAccording to a study by RE/MAX of Northern Illinois, Chicago new home sales are faring much better in communities based along Metra lines. This is the fourth year RE/MAX has conducted the survey, which analyzes real estate sales based along train lines versus communities without access to Metra trains.

Communities served by Metra have experienced less of a decline in sales than other communities. There were 5,121 total sales in Metra-served suburbs in 2012, a 27 percent increase from 2011. Home sales along the Burlington Northern Santa Fe Line had the highest rate of success. Volume along the BNSF line was up 25 percent and the average home price rose 14 percent.

The study also examined real estate success based on a Metra-served community’s proximity to downtown Chicago. In this year’s survey, communities that were nearest to Chicago’s city center had the strongest rates of growth. Evanston, Park Ridge, Morton Grove, Franklin Park, River Forest, Riverside, Summit, Oak Lawn, Blue Island and Harvey all fared well in the survey.

Is being close to a Metra line an important factor in your home search?

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