‘Still pretty hot’: Despite ‘cooling a little,’ local housing market continues to be good for sellers

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‘Still pretty hot’: Despite ‘cooling a little,’ local housing market continues to be good for sellers

60098, Berkshire Hathaway Starck, Keller Williams Success Realty, Multiple Listing Service, real estate, Rich Toepper, Rick Bellairs

Recovery from the 2008 housing crash was uneven, but by the end of 2019, homes that had sold for under $365,000 in the early 2000’s had recaptured nearly 95 percent of their value, better than homes that were priced over $375,000, which were selling for roughly two-thirds of their earlier value. That has changed since the onset of the COVID-19 pandemic, with price recovery reaching the higher-priced Woodstock neighborhoods of Westwood, the Bull Valley Golf Club (pictured), and the Sanctuary. “In many cases, prices are back to levels we had before the real estate crash,” said Berkshire Hathaway Starck real estate agent Rick Bellairs. (Independent photo by Ken Farver)

When summer temperatures hit the 90-degree mark, a bit of cooling makes nary a difference to those who have retreated to the air-conditioned indoors. In much the same way, the […]

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60098, Berkshire Hathaway Starck, Keller Williams Success Realty, Multiple Listing Service, real estate, Rich Toepper, Rick Bellairs

Susan W. Murray

Susan W. Murray wrote for The Independent, covering various beats, from 2005 to 2008, returning to the paper as a writer in 2018. A 26-year resident of Woodstock, she taught English, American history, and religion to junior high students at St. Mary School for nine years.

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Susan W. Murray

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