Elk Grove Village, IL

720 Wellington Ave., Elk Grove Village, IL 60007

1 Bedroom/ 1 Bathroom MLS# 07430431 $125,000

Move in condition & then some. New carpeting, window treatments & freshly painted throughout. You can move right in. Kitchen completely new w/ Shenadoah cabinets, new counter top, sink & all new appls. Bath updated w/ new vanity & lighting. Excellent storage & closet space. Walk to local shops, rec center, library + min to Woodfield & major expwys. Assoc fee covers heat, AC, water & more.

Click on the link below for more details and pictures:

http://www.realestate4uonline.com/s=active&MLS=IL07430431

RE/MAX Territory 847-956-2800

Elk Grove Village 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 Elk Grove Village real estate statistics for the last 12 months as of January 22, 2010.

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 Elk Grove Village, 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

Elk Grove Village 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: Elk Grove Village Months Back: 12 Months

Active Listings

Detached Single

Bedrooms # Active Avg. LP Avg. MT All 145 $300,444 270 2 or Less 2 $264,950 437 3 90 $273,642 263 4 44 $340,985 259 5 or More 9 $378,156 354

Attached Single

Bedrooms # Active Avg. LP Avg. MT All 191 $160,503 250 2 or Less 172 $152,862 251 3 19 $229,674 240

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 134 73% $317,318 $290,475 $274,816 95% 87% 149 $329,564 25% 2 or Less 1 33% $265,667 $161,000 $153,000 95% 58% 94 $318,000 67% 3 80 73% $284,971 $261,884 $249,633 95% 88% 132 $296,753 25% 4 47 76% $349,583 $322,013 $304,237 94% 87% 174 $353,747 21% 5 or More 6 67% $504,478 $446,217 $400,417 90% 79% 178 $544,467 33%

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 118 62% $192,247 $181,920 $171,183 94% 89% 189 $175,603 35% 2 or Less 95 59% $182,305 $173,781 $164,141 94% 90% 194 $171,159 39% 3 23 82% $233,314 $215,539 $200,270 93% 86% 167 $234,260 18%

Elk Grove Village 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 Elk Grove Village real estate statistics for the last 12 months as of January 15, 2010.

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 Elk Grove Village, 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

Elk Grove Village 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: Elk Grove Village Months Back: 12 Months

Active Listings

Detached Single

Bedrooms # Active Avg. LP Avg. MT All 138 $300,280 276 2 or Less 2 $264,950 430 3 85 $272,775 267 4 43 $339,661 264 5 or More 8 $389,688 391

Attached Single

Bedrooms # Active Avg. LP Avg. MT All 198 $161,449 245 2 or Less 177 $152,956 247 3 20 $227,185 242 4 1 $350,000 9

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 133 73% $317,419 $290,705 $275,010 95% 87% 148 $329,594 25% 2 or Less 1 33% $265,667 $161,000 $153,000 95% 58% 94 $318,000 67% 3 80 73% $285,166 $261,884 $249,633 95% 88% 132 $297,683 25% 4 46 77% $350,238 $323,363 $305,438 94% 87% 172 $351,307 22% 5 or More 6 67% $504,478 $446,217 $400,417 90% 79% 178 $544,467 33%

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 117 63% $193,228 $181,766 $171,065 94% 89% 189 $179,167 35% 2 or Less 94 59% $183,253 $173,503 $163,919 94% 89% 195 $174,940 39% 3 23 85% $233,996 $215,539 $200,270 93% 86% 167 $247,850 15%

Elk Grove Village Illinois Median Home Prices

The graph displayed below is the median home prices in Elk Grove Village from June 2007 to December 2009. The median price is the point at which half of all homes are sold for more and half are sold for less.

It gives you an idea of what prices properties are selling for in the community. When the median price is on the lower end, more reasonably priced homes are selling vs. the higher end homes. In the current market since January 2009, you can see that the median priced home was $228,000 and then rebounded for June 2009 with a price of $282,000.

This is also following the trend that I have personally seen with first time home buyers moving along the market. Foreclosures are traditionally priced below market and are also adjusting the price downward. There have been very few sales (2) in the upper bracket homes (above $500,000) for quite some time and indicates really no move-up sellers over the last year.

The market slowdown actually began to occur for Elk Grove Village and the overall Northwest Suburbs in October 2007 which is a surprise for some people. The market did not just stop overnight! Currently we've had a rebound of prices in September 2009 to $285,000 and then ending at $258,000 for December's numbers.

For the last 6 months of 2009 the highest sales price has been $630,000 and the lowest sales price was $121,000 - ouch! Someone sure got a sweet deal with that 3BR house. Who said all the deals were gone?

If you are thinking of purchasing or selling in Elk Grove Village, please consider me your neighborhood expert. I would welcome the opportunity to meet with you and discuss your options in today's marketplace.

June 2009 Median Prices

Community Profile

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

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

Resources: MRED MLS of Northern IL.

Elk Grove Village Median Home Prices ©2010 Lyn Sims - RealEstateConsumerInfo.com and RealEstateBuyMe.com

Home Steps Smart Sell Program

Looking to purchase a foreclosure or REO property? Here is a short explanation of how Freddie Mac foreclosures are handled.

Home Steps is the real estate unit of Freddie Mac and handles all their foreclosed homes. Home Steps markets a nationwide selection of Freddie Mac owned properties. Home Steps works strictly thru Realtors® and are available in the local MLS system of your area.

Items required on every offer:

• Sales contract
• Pre-approval Letter from Lender
• Proof of funds for cash sales
• Earnest Money Check (possible certified)

Home Steps will not agree to the following:

• Offer contingent on sale of buyers current home
• Buyers to occupy or store items at the home prior to closing
• Buyer allowed to access home to perform repairs prior to closing
• Buyers to receive credit at closing for repairs not completed
• Repairs after buyer signs closing documents

Buyers must understand:

• All homes have been through the foreclosure process
• Are sold as-is
• Have insurable title with no outstanding liens

Possible promotions on Home Steps Homes:

• Up to 3.5% buyer closing costs coupon
• Home Protection two-year home warranty program

Think buying a foreclosure is for you? Want to know more information and what homes are available in the area?

Please contact me so we can get started right away!

Sample Contract and Riders