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The Dove Team, REALTOR®, real estate agents and broker for Springfield Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)
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Local Real Estate Market: Springfield Illinois home buying, real estate listings, and homes for sale in Sangamon County, IL
Welcome > Local Info > Local Real Estate Market ...


About the Springfield Real Estate Market 

Springfield, IL, being the state capital, is the center of activity for the legislation that molds the State of Illinois. Everyone knows when the legislators are in session and the residents of Springfield are the first to know what the upcoming “hot” topics are for discussion. If you like politics, you’re going to LOVE Springfield! 

Springfield’s major employers are the State of Illinois government facilities, the two local hospitals, St. John’s Hospital and Memorial Health System, followed by the Illinois National Guard. 

Springfield is a lucky town when it comes to recessions and economic downturns. With the city being the center of government for the state and our top-rated health care facilities, the city has a steady economic flow and a flurry of new relocating residents.  

Springfield’s city growth has occurred mainly on the West side with numerous major commercial developments and a variety of new subdivisions and Centennial Park. Springfield’s North East side is also picking up the pace with a brand new Super Wal-Mart, Lowe’s SuperCenter, Harley Davidson Dealership, numerous restaurants and commercial facilities. 

Some of the newer residential developments in Springfield include: Bradfordton Place, Cobblestone (2nd Addition), Happy landing, Irongate, Mill Creek (2nd Addition), Panther Creek West, Piper Glen (Expansion), Salem Estates, as well as numerous others. The housing market has a wide diversity of amenities, styles and price ranges. The average home in Springfield costs $110,000 (Capital Area Association of REALTORS® 2003) and it is this reason why Springfield has consistently fallen into the Top 5 of the Most Affordable Communities in the Nation (from the National Home Builders Surveys 1999-2003).  

IN 2004 SPRINGFIELD WAS RANKED THE 2nd MOST AFFORDABLE CITY IN THE NATION - By the National Association of REALTORS 

For additional information about Springfield, please fill out the form at the bottom of this page and I will forward a copy of our FREE Relocation Kits.
 

Which neighborhoods offer the best values? It's our job to help! Ask us any question, or request our FREE relocation package of information on Springfield. There's no obligation, and we promise to respond quickly... 

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Real Estate Tips
Tax Considerations >Beneficial Tax Laws

American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.

Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.

Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.

Consult your tax advisor for advice regarding your particular circumstance.

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Real Estate Trivia
Q 
Where would you go to visit the largest ancient castle in the world?

A 
You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres.
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The Dove Team, REALTOR®, real estate agents and broker for Springfield Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Dove Team
RE/MAX Professionals

2475 West Monroe
Springfield, Illinois 62704
Direct: 217-899-DOVE (3683)
Toll Free: 888-999-7215
Office: 217-787-7215 ext. 190
Fax: 217-787-8957
stevendove@NUMBER1EXPERT.com

Real Estate in Springfield, Illinois - Steven Dove is a RE/MAX Professional, and this site has valuable information for relocating to Springfield. Search listings, request a relocation package, and find out about local events, phone numbers and more!

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