Hanover Park, IL

Hanover Park Illinois Market Update by Price Range - July, August, September 2009

Diligently trying to keep both buyers and sellers educated on the local Hanover Park Illinois Home Sales and housing market has been my goal with regular posts. 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 down not giving encouraging news!

26% over the last 3 months!

Isn't the $8000 Tax Credit making a difference? Isn't the lower interest rates making a difference? Maybe the great values in the area?

I honestly can't say the reason for this quarterly downturn. We were just up in sales 30% over the 1st quarter of the year. Average days on the market is also up at 194. The listing price to selling price ratio is 5%.

Currently for the Hanover Park Illinois Home Sales from July to September 2009 you can clearly see that over 78% of the closed sales have been under the $200,000 price range. The lowest sales price was $52,000 and the highest sales price was only $262,500.

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 many 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 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 homes 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?

Hey Lyn, what about foreclosures? Of those closed 41 total sales only 15 were foreclosures and 6 were short sales.


Market Update April, May, June 2009


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' knows Hanover Park!




I sell 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, my little calculator and golf pencil.

Hanover Park Illinois Market Update by Price ©2009 TheBlogDog.net and Lyn Sims

Foreclosure activity increasing, call for new addtions: 630-750-4255

Recent foreclosure additiojs include: Addison, IL; Bensenville, IL; Wood Dale, IL.; Glendale heights. Call fo detailed info.

There is a large amount of inventory thruout the Northwest Suburbs of Chicago which include the Hanover Park Area. Sellers are competing to make their home standout and enhance their marketability. Prices have held between 4 to 5% from the listing price over the last few months.

Here is the chart of ACTIVE Single Family Prices in Hanover Park with the MARKET TIMES posted as 'average days on the market.' There currently are 124 single family homes available for sale with an average market time of 198 days.

The average list price is $211,095 and the highest listing price is $799,900. The largest selection of homes occurs in the $150,000 to $200,000 price range. The lowest price is $99,900 which would be considered a 'value price' at any time of the year. I always like to call these my 'Internet deal alerts'.

To start your up to the minute search for homes available in Hanover Park. I'm looking for townhomes in Hanover Park.

Please contact me Lyn, I need more information!

Lyn Sims and the Blog Dog©
(847)230-7324
RE/MAX Suburban
Email: LynSims@remax.net

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 Park IL Homes and Market Times, October 2009 ©2009 Lyn Sims and TheBlogDog.net

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

Diligently trying to keep both buyers and sellers informed on the local Hanover Park 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!

100% 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 $270,000 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 Hanover Park Townhome (Multi-Family) Sales from April to June 30th, 2009 you can clearly see that over 73% of the closed sales have been under the $200,000 price range. The lowest sales price was $80,000 and the highest sales price was $275,000.

What about foreclosures Lyn? Of those 56 total sales 26 were foreclosures and 4 were short sales. Most of those foreclosures were under the $100,000 price. Hanover Park has the highest amount of foreclosures (both in single family and townhomes) in this series of Market Updates for the surrounding towns. BUT ..... Sales have increased 100% for this quarter!

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.

Hanover Park IL Multi-Family 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 Hanover Park 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!

68% 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 Hanover Park Townhome (Multi-Family) Sales from April to June 30th, 2009 you can clearly see that over 92% of the closed sales have been under the $200,000 price range. The lowest sales price was $46,500 and the highest sales price was $290,000.

What about foreclosures Lyn? Of those 38 total sales 26 were foreclosures and 7 were short sales. Most of those foreclosures were under the $100,000 price. Hanover Park 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.

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