Crystal Lake Home Prices Recovering from Recession

Zillow provides a chart that predicts that by next year home prices will have recovered to their May, 2009, level:

Zillow provide average home prices in 60014 from 2009 through 2018 with a predicted continued increase in value over the next twelve months.


Crystal Lake Home Prices Recovering from Recession — 12 Comments

  1. Zillow has always exaggerated the numbers, even way low at times.
    Realtors, Assessors, and Gov Admin Dudes love this news for sure.

  2. Good news For Illinois political class. More opportunity to fleece homeowners. However our home value recovery is anemic at best when compared to almost every other market in the US

  3. So your investment for 10 years did nothing but get back to 2009 dollars and in the meantime you shelled out $100K in Tax?

    I’d rather collect some sticks, mud, stray dog hides, County roadside trash and build a Yurt on County property.

    In Sanctuary Illinois, I should be able to squat for at least 10 years

  4. Let me tell you how it will be
    There’s one for you, nineteen for me
    ‘Cause I’m the taxman, yeah, I’m the taxman
    Should five per cent appear too small
    Be thankful I don’t take it all
    ‘Cause I’m the taxman, yeah I’m the taxman
    If you drive a car, I’ll tax the street,
    If you try to sit, I’ll tax your seat.
    If you get too cold I’ll tax the heat,
    If you take a walk, I’ll tax your feet.
    Don’t ask me what I want it for
    If you don’t want to pay some more
    ‘Cause I’m the taxman, yeah, I’m the taxman
    Now my advice for those who die
    Declare the pennies on your eyes
    ‘Cause I’m the taxman, yeah, I’m the taxman
    And you’re working for no one but me.

    Thank you dysfunctional Illinois pension schemes.

  5. House prices began declining in late 2006, early 2007. Looks like a different graph is needed from the real estate company.

  6. The price for housing should’ve never have gotten that high in the mid 00’s. Complain about stagnant wages, not losing money on an “investment”. – Yes property taxes are too high, that is a different issue however.


    Illinois households, on average, pay nearly 15 percent of a combined effective state and local tax rate, according to a recent WalletHub study. That’s higher than any other state.

    The problem, he said, could worsen over the years as potential homebuyers continue to leave Illinois and further depress housing costs. More than 275,000 families left Illinois from 2006 to 2016, according to the IRS.

    Studies have also shown that homeowners tighten their belts when their home values are lowered.

    “When housing prices fall, homeowners begin to tighten up their budgets,” Divounguy said. “And when they stop spending, the economy slows down even more.”

    The Illinois Association of Realtors said the average home sale in the state last year was $235,000, up slightly from 2016.

    When asked what to do about the issue last weekend, Democratic gubernatorial front-runner J.B. Pritzker said he wants to lessen property taxes by shifting local school costs to the state and then making high-earners pay for it with a progressive income tax

  8. Zillow exists NOT to help buyers find homes and owners sell homes, but instead to provide a platform for agents to advertise.

  9. Yes, Bred, but the high property and other taxes to support a degenerate welfare state ARE figured into the market price, which artificially lowers the purchase price of residences in Illinois.

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