Streamwood, IL

Market Update by Price Range - April, May, June 2009

Diligently trying to keep both buyers and sellers informed on the local Streamwood Illinois housing market has been my goal for many years. This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity. Which is up by the way!

55% over the last quarter!

Is it the $8000 Tax Credit? Is it the lower interest rates? Or maybe just great values in the area?

How can you use this information if you are a buyer? The price range that you are thinking of purchasing in, is it one of the more active price areas of the market? It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'

How can this information help you if you are a seller? If you are planning on selling your home soon, you can see which price ranges are the most active. Clearly the price range above $300,000 has been non-existent and rarely sales have occurred. You might have to plan accordingly for extra market time. As a seller, you have to be sure that your home's curb appeal and presentation is ‘spot on’ in a market like this. Possibly some extra updates and staging might be required before you put your home on the market. Do you know what the average market time is for your price range?

For the Streamwood Home Sales from April to June 30th, 2009 you can clearly see that over 86% of the closed sales have been under the $250,000 price range. The lowest sales price was $80,000 and the highest sales price was $435,000.

What about foreclosures Lyn? Of those 61 total sales 27 were foreclosures and 8 were short sales. Most of those foreclosures were under the $175,000 price. Streamwood has the highest amount of foreclosures in this series of Market Updates for the surrounding towns.

Looking for a market expert to help you sell your home in the area?

Looking for a great home in the area?



Lyn Sims (847)230-7324 at
RE/MAX Suburban


The 'Blog Dog' gives market 'pawspective'.





This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.


Sources and credits: MRED MLS, my little calculator and golf pencil.

Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Streamwood IL Homes Market Update by Price Range June 2009 ©2009 TheBlogDog.net and Lyn Sims

Market Update by Price Range - April, May, June 2009

Diligently trying to keep both buyers and sellers informed on the local Streamwood Illinois housing market has been my goal for many years. This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity. Which is up by the way!

55% over the last quarter!

Is it the $8000 Tax Credit? Is it the lower interest rates? Or maybe just great values in the area?

How can you use this information if you are a buyer? The price range that you are thinking of purchasing in, is it one of the more active price areas of the market? It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'

How can this information help you if you are a seller? If you are planning on selling your home soon, you can see which price ranges are the most active. Clearly the price range above $300,000 has been non-existent and rarely sales have occurred. You might have to plan accordingly for extra market time. As a seller, you have to be sure that your home's curb appeal and presentation is ‘spot on’ in a market like this. Possibly some extra updates and staging might be required before you put your home on the market. Do you know what the average market time is for your price range?

For the Streamwood Multi-Family Home Sales from April to June 30th, 2009 you can clearly see that over 85% of the closed sales have been under the $200,000 price range. The lowest sales price was $63,000 and the highest sales price was $399,900.

What about foreclosures Lyn? Of those 42 total sales only 8 were foreclosures and 7 were short sales. Most of those foreclosures were under the $150,000 price.

Looking for a market expert to help you sell your home in the area?

Looking for a great home in the area?



Lyn Sims (847)230-7324 at
RE/MAX Suburban


The 'Blog Dog' gives market 'pawspective'.





This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.


Sources and credits: MRED MLS, my little calculator and golf pencil.

Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Streamwood IL Multi-Family Homes Market Update by Price Range June 2009 ©2009 TheBlogDog.net and Lyn Sims

Streamwood Real Estate

Dennis Toomey continuously monitors local real estate statistics to keep his clients informed and ahead of the real estate trends. Below, at the end of the page you will find Streamwood real estate statistics for the last 12 months as of July 3, 2009.

To find the value of your home with a free, over-the-net home evaluation, please visit: www.KnowYourHomeValue.com/active or use this link http://www.knowyourhomevalue.com/remaxil/modules/global/forms/marketevaluation.asp?&acc=32722&s=active

If you would like a free list of homes for sale in this area/neighborhood or would like more information about Streamwood, please visit: www.GetYourRealEstateHere.com/active or use this link http://www.GetYourRealEstateHere.com/remaxil/modules/agent/agent.asp?p=findahome.asp&page=search&selected=qck&mode=N&acc=32722&s=active

Dennis Toomey

RE/MAX Territory

847-338-0180

http://www.housebyzip.com/

dtoomey@remax.net

Streamwood Real Estate Market Conditions

Market Statistics CriteriaStatus: Active, Back on Market, Contingent, New, Price Change, Re-activated, Temp Off Market, Pending, Closed, Expired Property Type: Detached Single, Attached Single Area: Streamwood Months Back: 12 Months

Active Listings

Detached Single

Bedrooms # Active Avg. LP Avg. MT All 307 $237,678 199 2 or Less 3 $191,733 113 3 190 $197,724 195 4 96 $307,597 212 5 or More 18 $294,172 191

Attached Single

Bedrooms # Active Avg. LP Avg. MT All 232 $180,653 191 2 or Less 131 $153,263 177 3 97 $218,157 213 4 4 $168,175 97

Off-Market Listings

Detached Single

Bedrooms # Sold % Sold Avg OLP Avg LP (Sold) Avg SP SP:LP Ratio SP:OLP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 219 62% $248,162 $213,366 $202,403 95% 82% 166 $249,708 32% 2 or Less 6 67% $181,244 $165,217 $150,000 91% 83% 210 $177,800 33% 3 141 62% $223,663 $189,153 $179,721 95% 80% 158 $215,244 32% 4 63 65% $296,019 $261,754 $249,548 95% 84% 188 $315,808 32% 5 or More 9 47% $341,584 $286,089 $262,667 92% 77% 104 $342,930 37%

Attached Single

Bedrooms # Sold % Sold Avg OLP Avg LP (Sold) Avg SP SP:LP Ratio SP:OLP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 177 63% $191,857 $177,274 $168,353 95% 88% 142 $187,381 35% None 0 0% $87,900 $87,900 100% 2 or Less 89 62% $166,911 $150,765 $143,079 95% 86% 123 $169,260 36% 3 83 62% $214,707 $201,037 $191,053 95% 89% 162 $209,390 34% 4 5 83% $256,583 $254,660 $241,400 95% 94% 151 $164,900 17%

Streamwood Real Estate

Dennis Toomey continuously monitors local real estate statistics to keep his clients informed and ahead of the real estate trends. Below, at the end of the page you will find Streamwood real estate statistics for the last 12 months as of June 19, 2009.

To find the value of your home with a free, over-the-net home evaluation, please visit: www.KnowYourHomeValue.com/active or use this link http://www.knowyourhomevalue.com/remaxil/modules/global/forms/marketevaluation.asp?&acc=32722&s=active

If you would like a free list of homes for sale in this area/neighborhood or would like more information about Streamwood, please visit: www.GetYourRealEstateHere.com/active or use this link http://www.GetYourRealEstateHere.com/remaxil/modules/agent/agent.asp?p=findahome.asp&page=search&selected=qck&mode=N&acc=32722&s=active

Dennis Toomey

RE/MAX Territory

847-338-0180

http://www.housebyzip.com/

dtoomey@remax.net

Streamwood Real Estate Market Conditions

Market Statistics CriteriaStatus: Active, Back on Market, Contingent, New, Price Change, Re-activated, Temp Off Market, Pending, Closed, Expired Area: Streamwood Property Type: Detached Single, Attached Single Months Back: 12 Months

Active Listings

Detached Single

Bedrooms # Active Avg. LP Avg. MT All 303 $238,496 198 2 or Less 3 $191,733 99 3 187 $199,877 198 4 93 $305,689 203 5 or More 20 $294,150 192

Attached Single

Bedrooms # Active Avg. LP Avg. MT All 229 $184,504 189 2 or Less 128 $157,211 171 3 97 $221,194 216 4 4 $168,175 83

Off-Market Listings

Detached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 220 62% $214,182 $204,209 95% 162 $246,613 32% 2 or Less 5 56% $158,660 $147,700 93% 245 $182,850 33% 3 142 61% $189,515 $181,049 96% 155 $214,735 33% 4 65 67% $261,228 $249,101 95% 185 $322,833 31% 5 or More 8 44% $304,475 $285,863 94% 61 $311,930 33%

Attached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 179 60% $178,114 $169,053 95% 147 $185,704 35% None 0 0% $87,900 100% 2 or Less 92 61% $152,793 $144,682 95% 128 $164,836 36% 3 82 59% $201,855 $191,984 95% 168 $210,240 34% 4 5 71% $254,660 $241,400 95% 151 $163,200 29%

Well is this good news? We shall see. Don't forget to look for this assessment change in your mailbox coming soon. Don't forget that every Illinois homeowner has the right to protest their taxes if they feel they are being overvalued and over taxed. Just wanted to be sure that you were informed as the county doesn't seem to be getting the word out like it should. This will effect all homeowners in Cook County!

Cook County Assessor Announces First-Ever Downward Market Adjustment for Homeowners (released 5/11/09)

Cook County Assessor Jim Houlihan announced that residential properties not being reassessed this year will receive a market adjustment reflecting the real estate downturn. Residential properties in 30 suburban townships will receive reductions in their assessed value.

“The situation we are facing is extraordinary. Foreclosures and declines in sale prices and volume have taken a toll on home values,” Houlihan said. “After careful analysis of market sales and foreclosure data, we determined these townships should not have to wait until their next reassessment for the impact to be reflected."

“Homeowners are already getting less protection from the 7% Expanded Homeowner Exemption this year,” Houlihan added, noting the General Assembly’s decision to phase it out. “That makes the adjustment even more urgent.”

As part of this historic step, the Assessor’s Office will mail notices to every property owner in Cook County this year. Normally, properties are assessed every three years and receive notices only then. The north suburbs are not scheduled to be reassessed until 2010; the south and west suburbs will be reassessed in 2011.

This year, each suburban township will receive an adjustment percentage, which will lower the existing assessed values of all residential properties in that township, Houlihan said. The reductions will likely range from 4% to 15%.

“Areas hit hard by foreclosures and market drops will see the biggest reductions. We will continue to monitor the market. The percentage reductions will change if the conditions warrant it,” Houlihan said.

The first notices will be sent to River Forest Township in May and will reflect a 5% reduction for residences there. Cicero Township, burdened by a high foreclosure rate and a battered sales market, will receive a 15% reduction, Houlihan said.

The market reductions come as the Assessor’s Office is implementing the 10/25 Ordinance, a measure simplifying assessment levels passed by the County Board last year. Under the ordinance, the assessment level of residential properties is 10% of market value; for industrial and commercial properties, it is 25% of market value.

Cook County Appeal Forms

Lyn Sims (847)230-7324 at RE/MAX Suburban


The 'Blog Dog' gives her 'Pawspective'!

This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Streamwood, Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.



Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.



Hanover Township Assessor - June 2009 ©2009 TheBlogDog.net and Lyn Sims