Hoffman Estates, IL

The table below lists all of the single family detached and single family attached homes currently on the market in Hoffman Estates, 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 to process.

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 13 239 $50,000 - $99,999 60 212 $100,000 - $149,999 29 289 $150,000 - $199,999 53 268 $200,000 - $249,999 40 243 $250,000 - $299,999 25 231 $300,000 - $349,999 15 320 $350,000 - $399,999 15 274 $400,000 - $449,999 14 235 $450,000 - $499,999 9 185 $500,000 - $549,999 6 271 $550,000 - $599,999 1 154 $600,000 - $699,999 1 324

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 281 249 $196,900 $212,896 $603,800 $37,715 $59,823,739

In the table below lists all of the single family detached and single family attached homes currently on the market in Hoffman Estates, 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 Sales.

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 7 493 $50,000 - $99,999 50 283 $100,000 - $149,999 35 268 $150,000 - $199,999 52 280 $200,000 - $249,999 39 244 $250,000 - $299,999 26 255 $300,000 - $349,999 18 261 $350,000 - $399,999 13 238 $400,000 - $449,999 15 204 $450,000 - $499,999 8 215 $500,000 - $549,999 5 296 $600,000 - $699,999 2 213

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 270 267 $198,950 $218,412 $634,900 $37,715 $58,971,362

Haverford Place is a small 55+ community located in Hoffman Estates, Illinois. This completed community of just 184 single-family ranch homes is popular for its premiere location near the bustling town of Schaumburg. Schaumburg offers visitors enjoy world-class shopping at the Woodfield Mall plus countless of other national retailers, restaurants, outdoor entertainment and much more.

Ryland Homes built the Haverford Place community between 2004 and 2009. Today there are wonderful options to purchase a well-cared for resale home priced from the mid $300’s to the high $400’s. The home pricing at this particular community is higher than other IL active adult communities due to the highly sought-after location of Haverford Place. All of the homes are single-family designs with first floor living plus a basement. Exteriors feature elegant brick fronts and many offer charming front porches.

Illinois active adults still in the workforce appreciate the ideal location of Haverford Place. Major expressways are just minutes away and the community is less than 40 miles from downtown Chicago. Schaumburg is just 11 miles away while the town of Elgin is just 4 miles away. Elgin’s Grand Victoria Casino is a popular destination offering exciting entertainment and fantastic dining. Just minutes from the community residents will find everyday conveniences such as grocery stores, gas stations, major retailers, golf courses, forest preserves, healthcare facilities and more.

Amenities within this attractive Illinois active adult community include a quaint clubhouse with 4,000 square feet. There is a fitness center, a small ballroom, a meeting room plus an outdoor swimming pool. There are also two tennis courts and a lovely walking trail winding throughout the community and a small preserved forest area.

Haverford Place is much smaller than other well-known IL 55+ communities and the residents here appreciate the quiet relaxation they enjoy in this intimate community. It’s easy to get to know your neighbors in this tight-knit community and there is a nice sense of privacy.

For more information and photos of this and other IL active adult retirement communitiesplease visit 55Places.com. To stay in touch with us please join our Facebook page by clicking the Facebook link below.

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There's been much talk (chatter by the national talking heads) in the media about our Northwest Suburban and Hoffman Estates home values returning to a previous level. I read these reports constantly, day in and day out and wonder to myself 'How do they know this stuff when I don't even know it!'

Real estate is unique in that it is very local in nature. In fact, real estate is so unique it can even be broken down further to say that neighborhoods even in the same town will been effected differently. What happens in one subdivision doesn't necessary happen in another. What effects one subdivisions appeal doesn't effect another that's even similar. So 'painting with a broad brush' is not possible in our Hoffman Estates neighborhoods.

Any Hoffman Estates real estate professional I will challenge because they cannot say with absolute certainty that market prices have fallen 20% (you pick the number here). 'Painting with that broad brush' just cannot be done. Many variables have effected your home's values and each subdivision should be considered on it's own merit.

How many short sales have been in the area?

How many foreclosures have decimated prices?

One constant that I will say with certainty is that the more homes for sale in a particular subdivision essentially effects the overall sales prices. The more sellers that compete for the smaller buyer pool effects the sales prices. Each seller is eager to obtain their own goals whether a transfer, death, birth or divorce. It's the economic market standard of supply and demand.

The graph that I present is for the average sales prices per year for Hoffman Estates homes. I've given you a 10 year sampling of prices (MLS closed only) so you can actually see the rise of the market and also the fall. According to this graph, 'prices have corrected themselves' to 2003 sales levels.

We need less homes on the market to create the equilibrium for prices to increase in the future.

Market Update

Disclaimer: NAR (National Association of Realtors) does not provide these numbers to their members. MRED, the area MLS, does not provide this figures which I had to compile for this presentation. I feel confident in their accuracy to report to my readership.

Buying wins!  At least here in our Northwest Suburban Chicago Area. Hoffman Estates home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities. If you are a buyer why not take advantage of this opportunity?

Ok, you're skeptical, here is more ammo that purchasing is a great idea!

But the current Hoffman Estates market situations gives you as a buyer great opportunities that have never been seen before.  Homes that you could at one time not afford are now within reach!  

A few reasons to see if owning a home is a possibility:

1)  Let's face it 'sitting on the fence' leaves marks - ugly ones doing damage to your derriere and possibly your wallet too.

2)  Getting pre-qualified is not painful at all nor time consuming.  Explaining your financials to a qualified loan officer takes a short amount of time so you can see if it's even possible.  I work with many qualified and dedicated people that would love to help get you started.

3)  You might qualify for perks like a community grant for first time home buyers.

4)  Do you know what your credit report says? If some 'credit irregularities' or 'blemishes', as we like to call them, are found on your credit report you can begin to get those taken care of to make your path to ownership easier. This unfortunately takes time. A qualified loan officer can help you with a 'game plan' to work on increasing your overall credit score too.

5)  Did you know that your interest rate and other variables are now based on your FICO score?  Not knowing what your score is could be costing you money!

6)  It gives you peace of mind and financial stability. You know what your payments are going to be for the long haul rather than rents that increase every year.

Here is also a quick Rent or Buy Calculator that will help you get started now.

After you've done some of this preliminary homework and crunched some numbers, give me a call and we can proceed to the next step.  

I'd be happy to help you find your new Hoffman Estates home - large or tall, big or small.