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Lake Zurich Illinois Real Estate - Market Stats for November ‘07 vs ‘08 - Northern Illinois Homes

Lake Zurich Lake

The market statistics for home sales in Lake Zurich IL for the month of November 07 vs 08.

The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down about the same vs last month and sales this month over last month up about 1200% for single family homes and 300% for attached single family homes. Our average LP of sold homes is up for single family homes and down for attached single family homes. Average Sale Price of homes sold is down for single family homes and down for attached single family homes, but our LP/SP ratio is down about 7%. The average market time for homes sold in Lake Zurich IL 60047 zip code has gone down for single family homes in Lake Zurich and down for attached single family homes in Lake Zurich in the last month over November 07 market times.

The homes that are selling in Lake Zurich area are lower in price this year over last for single family detached homes but attached homes are up, a flip from last months figures.

If you would like clarification of these figures or if you want to take advantage of this once in our lifetime market great for first time home buyers, investors or anyone moving up, look at our website http://www.homesbyjulieanne.com/ and search for homes available in the Barrington, Deer Park, Lake Zurich, Palatine and surrounding areas. Or contact us and we will help you find the best home for the money or sell your home in the Barrington, Deer Park, Lake Zurich and surrounding areas at the highest price possible in this market.

11/01/2007 - 11/30/2007 11/1/2008-11/30/2008
Sold# Sold#
Detached homes

18

Detached homes

6

Attached homes

4

Attached homes

1

Avg LP Sold Avg LP Sold
Detached homes

349456

Detached homes

364300

Attached homes

267450

Attached homes

215000

Avg SP Avg SP
Detached homes

333317

Detached homes

317983

Attached homes

255600

Attached homes

208000

SP/LP Ratio SP/LP Ratio
Detached homes

92%

Detached homes

87%

Attached homes

94%

Attached homes

97%

Avg MT Sold Avg MT Sold
Detached homes

164

Detached homes

127

Attached homes

347

Attached homes

191

Absorption Rate
Lake Zurich Current Inventory of Homes On Market:
Detached homes

177

-0%
Attached homes

44

-0%
Homes Selling Per Month:
Detached homes

12

-0%
Attached homes

3

0%
Lake Zurich Currently Has:
Detached homes

14

Months of Inventory Active now
Attached homes

14

Months of inventory Active now
*Information compiled from the MLS, not guaranteed

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Posted By: Julie Anne - The Julie Anne Real Estate Team at Keller Williams Success Realty

Northern Illinois Real Estate Agent - Barrington - Deer Park Real Estate Expert and surrounding areas

847-620-5815 julie@homesbyjulieanne.com

What is my homes value? Homes for sale in Northern Illinois, Barrington Homes for Sale - Deer Park Homes for Sale

Posted Monday Dec 08