Palatine, IL

January will be posted soon!

Short Sale Condo for Sale in Palatine Illinois

The market statistics for home sales in Palatine IL for the month of December 2009.

The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is down vs last month and sales this month over last month down for single family homes and down for attached single family homes. Our average LP of sold homes is down 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, and our LP/SP ratio is down for single family homes and up for attached homes. The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and down for attached single family homes in Palatine in the last month over November 09 market times.

The homes that are selling in Palatine area are lower in price this year over last for single family detached homes and attached homes.

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. We also list many foreclosure, REO and Short Sale listings. 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, Palatine and surrounding areas at the highest price possible in this market.

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

CDPE Certified for Short Sales and REO

Some of the subjects covered:

* Roles of the Lender/Mortgage Broker
* Credit
* Pre-Approval
* Roles of the Real Estate Agent
* Searching for Properties
* Contracts
* Negotiation
* Closing

Class Location: Palatine, IL
Palatine Library, 700 N Court, Palatine, IL

• Thursday, February 11th at 6:30 p.m.

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

To RSVP, please call or e-mail Tammy at:
TammyH@StartingPointRealty.com
(815) 540-7671

Palatine 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 Palatine 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 Palatine, 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

Palatine 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: Palatine Months Back: 12 Months

Active Listings

Detached Single

Bedrooms # Active Avg. LP Avg. MT All 301 $457,219 270 2 or Less 18 $206,028 312 3 98 $306,022 233 4 150 $533,965 284 5 or More 35 $680,846 289

Attached Single

Bedrooms # Active Avg. LP Avg. MT All 597 $189,483 229 None 3 $91,600 118 2 or Less 474 $172,420 233 3 113 $253,033 220 4 7 $360,971 185

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 307 77% $424,089 $390,616 $367,404 94% 87% 192 $478,222 22% 2 or Less 25 68% $221,185 $206,292 $187,568 91% 85% 185 $224,531 30% 3 107 83% $313,572 $287,206 $267,485 93% 85% 173 $348,943 16% 4 154 77% $509,659 $469,854 $445,045 95% 87% 202 $571,597 23% 5 or More 21 66% $601,242 $555,863 $521,241 94% 87% 230 $631,549 31%

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 499 63% $202,139 $179,214 $168,490 94% 83% 164 $203,898 35% None 2 100% $101,950 $88,250 $80,000 91% 78% 227 0% 2 or Less 383 61% $186,136 $164,117 $153,977 94% 83% 170 $193,007 38% 3 105 73% $260,088 $233,295 $220,347 94% 85% 144 $270,471 24% 4 9 75% $229,367 $210,944 $200,739 95% 88% 129 $264,600 25%

I have been writing recently about the housing market and how the market is down which is not new to anyone. Because the housing market is down pricing your home right is what is going to sell your home. This is important for both buyers and sellers.

Real estate agents are getting bad reputations now a day for something that is completely out of our hands. Please remember we do not control the economy and the housing market.

We are here to represent the buyers and sellers and use the knowledge we have, in the best way that we know how, in order to get what our buyers and sellers want.

That is why it is so important to work with a knowledgeable agent, in my case a team of agents who know what your needs are, and we make sure that you get taken care of.

I am continueing to blog about different towns and keep you informed regarding Palatine real estate.
The months supply in Palatine Illinois has reduced from 12.46% from last year this time to 8.66%. This can be contributed to the average sales price dropping 16.16% and the amount of short sales that have been bought up.

In the last 6 months 13% of the sales have been short sales and foreclosures. People are either selling low or pulling their house off the market.

That is not an option for everyone as some people have to sell, so pricing your home right with an experienced and knowledgeable agent is what is going to set your home apart from the rest of the homes on the market.

Please contact us for more information on Palatine Homes and the surrounding areas in Cook County Illinois.

To View The Full Housing Market Report Click Here (PDF)