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Winnetka Real Estate

03-12-12

Margaret Goss, Winnetka Realtor Winnetka & North Shore IL Homes for Sale

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Mobile: (847) 977-6024

Winnetka Real Estate

It's an exciting time to buy a home in Winnetka! There is ample inventory and many good values to choose from.

Winnetka Homes Up to $800,000

Winnetka Homes from $800,000 to $1.5 million

Winnetka Homes from $1.5 to 2.5 million

Winnetka Homes over $2.5 million

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Rolling Meadows, IL Currently Available Homes by Price and Time on Market for February, 2012

03-12-12

David Spencer Chicago Area Commercial-Residential R.E.

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Office: (630) 351-3004

Mobile: (630) 750-4255

The table below lists all of the single family detached and single family attached homes currently on the market in Rolling Meadows, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range	# Listings	Avg. Days on Mkt
Less than $49,999	3	85

$50,000 - $99,999	42	264

$100,000 - $149,999	23	269

$150,000 - $199,999	34	309

$200,000 - $249,999	23	244

$250,000 - $299,999	23	198

$300,000 - $349,999	6	123

$350,000 - $399,999	2	313

$400,000 - $449,999	3	38

$450,000 - $499,999	2	194

$500,000 - $549,999	1	7

$600,000 - $699,999	2	143

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
164	246	$174,900	$189,445	$687,700	$45,900	$31,068,913

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Palatine, IL Currently Available Homes by Price and Time on Market for February, 2012

03-12-12

David Spencer Chicago Area Commercial-Residential R.E.

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Office: (630) 351-3004

Mobile: (630) 750-4255

The table below lists all of the single family detached and single family attached homes currently on the market in Palatine, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range	# Listings	Avg. Days on Mkt
Less than $49,999	15	200

$50,000 - $99,999	106	227

$100,000 - $149,999	80	326

$150,000 - $199,999	74	376

$200,000 - $249,999	36	220

$250,000 - $299,999	59	171

$300,000 - $349,999	49	240

$350,000 - $399,999	21	265

$400,000 - $449,999	15	243

$450,000 - $499,999	19	263

$500,000 - $549,999	15	307

$550,000 - $599,999	15	438

$600,000 - $699,999	20	323

$700,000 - $799,999	4	232

$800,000 - $899,999	4	217

$900,000 - $999,999	2	862

$1,000,000 - $1,999,999	1	60

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
535	273	$199,000	$254,904	$1,780,000	$29,128	$136,373,858

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Schaumburg Townhomes - Search for homes here!

03-12-12

Lyn Sims - Schaumburg Homes

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Office: (847) 230-7324

Mobile: (847) 230-7404
Secondary: (847) 985-7050

Schaumburg Townhomes - Find your new home right here!

There are many great Schaumburg Townhome selections to choose from as the map shows! Mouse over each home to see a brief description!

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Northwest Suburban Real Estate Market - Is it Spring yet?

03-10-12

Lyn Sims - Schaumburg Homes

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Office: (847) 230-7324

Mobile: (847) 230-7404
Secondary: (847) 985-7050

Real Estate Market Update - Northwest Suburbs - February 2012

Interest rates are low and housing affordability has been the best in decades and yet I was hoping the market would be ending a little better. FHA buyers will be taking a hit to their pocketbooks in April with higher monthly mortgage insurance costs looming on the horizon. It seems that with each slight lowering of interest rates the banks are elevating the closing costs for buyers to offset that bonus. Makes you northwest suburbs,lyn sims, wonder who's side they are on? Obviously, their own and not the consumer.

The graphs show that February sales have been up for most towns in our area.

Another good statistic is when the market is steady (or going up) with the number of homes that go under contract each month. Currently we are between 10 to 17%. This is terrific!

The inventory level (absorption rate) has also decreased even through the slower winter months. The current inventory level has been low between 4 to 7 months. This would have been considered a sellers market 'in the good ole' days' of years past.

I have been including the highest sales prices in each category for the month so we can watch for the 2nd tier home sales increase. The market will always recover from the 'bottom up' with the lower sales prices showing the largest number of sales until the 2nd tier breaks free. This will be an indication that the 'move up' buyers have finally been able to take advantage of today's prices and the low interest rates. This will be the next trend in the recovery. So far, not much activity in that upper end.

Single Family Homes	February 2012 Total +/- over January	2012 YTD Total	% YOY Change	Avg. Sales Price 2012	Avg. Days on Market	Highest Sales Price
Bartlett	12 Down	28	+27%	$238,676	229	$320,000
Elk Grove Village	7 Down	16	+6%	$203,237	117	$222,000
Hanover Park	16 UP	27	+58%	$124,747	173	$203,000
Hoffman Estates	20 UP	36	+56%	$249,194	171	$465,000
Schaumburg	20 UP	36	+50%	$237,208	182	$450,000
Streamwood	20 UP	38	-7%	$138,637	125	$364,900

Multi-Family Homes	February 2012 YTD Total +/- over January	2012 YTD Total	% YOY Change	Avg. Sales Price 2012	Avg. Days on Market	Highest Sales Price
Bartlett	7 UP	13	+18%	$105,276	134	$250,000
Elk Grove Village	7 UP	15	+36%	$72,660	290	$185,000
Hanover Park	12 UP	24	+60%	$67,359	115	$150,000
Hoffman Estates	8 Down	24	+20%	$75,567	152	$215,000
Schaumburg	39 UP	76	+85%	$99,863	158	$280,000
Streamwood	16 UP	28	+64%	$116,908	146	$214,990

Average Days on the Market needs no explanation and you can clearly see the extended times are agonizing for sellers. None of our market areas are lower than 3 months. Hopefully we will move out of this now that the winter weather has broken.

I am still optimistic that we are recovering here in our area for 11 months in a row. Month over month we have seen an increase in closings. One of the reasons I show the 'month over month' totals is to show you we truly are having sales increases - it's not just sales hype!

The number of 'pendings' (mentioned above at 10 to 17% of currently listed homes) has also increased but you can't count on all of these making it to a successful close!

Looking for an agent that's really a market expert? Let's get your Northwest Suburban home on the market and priced right to sell!

Is your current agent showing you any of this information?

Do you feel your current agent is 'flying by the seat' of his pants when answering these questions?

Looking for a home in the area? Please give me a call or email me on the right to talk about the possibilities.

Sources: MRED February Stats 2012