Localism: Schaumburg, IL

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Sat, 29 Nov 2008 10:40:14 -0600

The power of Google Earth combined wth the Chicagoland MLS

Algonquin	Crestwood	Hampshire	Lakewood	Oak Park	South Chicago Heights
Alsip	Crystal Lake	Hanover Park	Lansing	Oakwood Hills	South Elgin
Antioch	Deer Park	Harvard	Lemont	Old Mill Creek	South Holland
Arlington Heights	Deerfield	Harvey	Libertyville	Olympia Fields	Spring Grove
Aurora	Des Plaines	Harwood Heights	Lily Lake	Orland Hills	St. Charles
Bannockburn	Dixmoor	Hawthorn Woods	Lincolnshire	Orland Park	Steger
Barrington	Dolton	Hazel Crest	Lincolnwood	Palatine	Stickney
Barrington Hills	East Dundee	Hebron	Lindenhurst	Palos Heights	Stone Park
Bartlett	East Hazel Crest	Hickory Hills	Long Grove	Palos Hills	Streamwood
Batavia	Elburn	Highland Park	Long Lake	Palos Park	Sugar Grove
Beach Park	Elgin	Highwood	Lynwood	Park City	Summit
Bedford Park	Elk Grove Village	Hillside	Lyons	Park Forest	Third Lake
Bellwood	Elmwood Park	Hinsdale	Maple Park	Park Ridge	Thornton
Bensenville	Evanston	Hodgkins	Marengo	Phoenix	Tinley Park
Berkeley	Evergreen Park	Hoffman Estates	Markham	Pingree Grove	Tower Lakes
Berwyn	Flossmoor	Holiday Hills	Matteson	Port Barrington	Trout Valley
Blue Island	Ford Heights	Hometown	Maywood	Posen	Union
Bolingbrook	Forest Lake	Homewood	McCook	Prairie Grove	University Park
Bridgeview	Forest Park	Huntley	McCullom Lake	Prospect Heights	Venetian Village
Broadview	Forest View	Indian Creek	McHenry	Richmond	Vernon Hills
Brookfield	Fox Lake	Indian Head Park	Melrose Park	Richton Park	Virgil
Buffalo Grove	Fox Lake Hills	Ingleside	Merrionette Park	Ringwood	Volo
Bull Valley	Fox River Grove	Inverness	Mettawa	River Forest	Wadsworth
Burbank	Fox River Valley Grdns	Island Lake	Midlothian	River Grove	Wauconda
Burlington	Frankfort	Johnsburg	Montgomery	Riverdale	Waukegan
Burnham	Franklin Park	Justice	Morton Grove	Riverwoods	Wayne
Burr Ridge	Gages Lake	Kaneville	Mount Prospect	Rolling Meadows	West Dundee
Calumet City	Geneva	Kenilworth	Mundelein	Roselle	Westchester
Calumet Park	Gilberts	Kildeer	Niles	Rosemont	Western Springs
Campton Hills	Glencoe	La Grange	Norridge	Round Lake	Wheeling
Carpentersville	Glenview	La Grange Park	North Aurora	Round Lake Beach	Willow Springs
Cary	Glenwood	Lake Barrington	North Barrington	Round Lake Heights	Wilmette
Channel Lake	Golf	Lake Bluff	North Chicago	Round Lake Park	Winnetka
Chicago	Grandwood Park	Lake Catherine	North Riverside	Sauk Village	Winthrop Harbor
Chicago Heights	Grayslake	Lake Forest	Northbrook	Schaumburg	Wonder Lake
Chicago Ridge	Green Oaks	Lake in the Hills	Northfield	Schiller Park	Woodridge
Cicero	Greenwood	Lake Villa	Northlake	Skokie	Woodstock
Country Club Hills	Gurnee	Lake Zurich	Oak Forest	Sleepy Hollow	Worth
Countryside	Hainesville	Lakemoor	Oak Lawn	South Barrington	Zion

Interactive IDX service with Google Earth mapping provided by MLS Earthview

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Schaumburg, IL Currently Available Homes on Market by Price and Time on Market for November, 2008

Fri, 28 Nov 2008 20:14:04 -0600

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

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.

If you are contemplating a change in lifestyle, ie. a more luxurious home or the luxury of the amenities in a senior citizen development, I may be able to save you some money via discounts available to me.

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Active Listings

List Price Range	# Listings	Avg. Days on Mkt
Less than $149,999	88	182

$150,000 - $199,999	219	158

$200,000 - $249,999	148	173

$250,000 - $299,999	64	164

$300,000 - $349,999	35	129

$350,000 - $399,999	49	180

$400,000 - $449,999	27	188

$450,000 - $499,999	18	189

$500,000 - $549,999	5	179

$550,000 - $599,999	5	196

$600,000 - $699,999	19	268

$700,000 - $799,999	8	327

$800,000 - $899,999	3	305

$900,000 - $999,999	2	232

$1,000,000 - $1,999,999	2	286

$2,000,000 - $2,999,999	1	293

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
693	173	$213,000	$267,918	$2,375,000	$84,000	$185,667,369

Not Some Doom and Gloom Report, November 2008 - Lyn Sims (847)230-7324 REMAX SUBURBAN

Wed, 26 Nov 2008 16:14:48 -0600

The Not Some Doom and Gloom Report – November 2008

Some positive financial and real estate market results that I think you should be made aware of. With all the negative publicity day in and day out, just wanted to be sure that some positive information was also getting enough ‘air time’. So here are some of my thoughts and articles that I compiled to explain current market conditions for our area.

Part One – Mortgage Money

The media would have you believe that no one can get a mortgage out there or only the elite are doing it but that just isn’t the case. This Mortgage Banking article says that in our area for the first half of 2008 we were churning out the loans – 20,009 to be exact in Cook County. We happen to be #2 in the entire U.S.

People are refinancing their homes for whatever reason and that is also moving along smoothly with Cook County leading the way and then DuPage County in the 11th spot. That’s a total of 92,099 people that refinanced their home successfully in our area!

So where’s that shortage of mortgage money everyone is talking about?

Top 25 Counties Nationwide for Purchase Markets – June 2008

#2     Cook County IL 20,009             $4,300,222,907

Top 25 Counties Nationwide for Refinance Markets – June 2008

#1     Cook County IL 73,805                 $14,013,656,297
#11 DuPage County IL       18,294                 $ 3,436,779,303

PDF of Mortgage Banking Article, November 2008

Part Two – Price and Sales

Highlights from the National Assn. of Realtors – Housing Report on Sales (Prices across the U.S.) - Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter.

In the third quarter, 28 out of 152 metropolitan statistical areas showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros experienced declines. NAR’s track of metro area home prices dates back to 1979.

Distressed sales, foreclosures and short sales - accounted for 35 to 40 percent of transactions in the third quarter, pulling down the national median existing single-family price to $200,500, which is 9 percent lower than the third quarter of 2007.

A year ago, when there were significantly fewer distressed transactions, the median price was $220,300. The median price is where half of the homes sold for more and half sold for less.

Strongest Sales Gains - The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent.

The steepest declines in single-family home prices in the third quarter were in three California markets: the Riverside-San Bernardino-Ontario area, where the median price of $227,200 dropped 39.4 percent from a year ago, followed by Sacramento-Arden-Arcade-Roseville at $212,000, down 36.8 percent from the third quarter of 2007, and San Diego-Carlsbad-San Marcos, where the price dropped 36 percent to $377,300.

The largest single-family home price increase in the third quarter was in the Elmira, New York area, where the median price of $105,000 rose 12.5 percent from a year ago. Next was Decatur, Illinois at $93,400, up 8.7 percent from the third quarter of 2007, followed by the Bloomington-Normal, Illinois area, where the third-quarter median price increased 8.1 percent to $168,400.

The typical seller purchased their home six years ago and is experiencing net equity gains. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

Condo Markets –
The strongest condo price increases were in the Dallas-Fort Worth-Arlington area, where the third quarter price of $149,900 rose 11.1 percent from a year earlier, followed by Bismarck, North Dakota at $148,000, up 11 percent, and the Houston-Baytown-Sugar Land area, where the median condo price of $134,100 rose 8.1 percent from the third quarter of 2007.

The second most expensive condo market reported was the New York-Wayne-White Plains area of New York and New Jersey at $324,000, followed by Honolulu at $322,000.

Other affordable condo markets include the Indianapolis area at $113,500 and the Cincinnati-Middletown area of Ohio, Kentucky and Indiana, at $117,300 in the third quarter.

Part Three - Market Snapshot by Regions

Midwest: existing-home sales rose 2.7 percent in the third quarter to a pace of 1.15 million but remain 10.6 percent below a year ago. The median existing single-family home price in the Midwest declined 5.5 percent to $159,900 in the third quarter from the same period in 2007. After Decatur and Bloomington-Normal, the next strongest metro price increase in the Midwest was in the Wichita, Kansas area, where the median price of $125,300 was 5.5 percent higher than a year ago, followed by Champaign-Urbana, Illinois at $146,400, up 2.7 percent.

Part Four – Markets on the Upswing

Top 10 Most Promising Housing Markets across the U.S. according to Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity.

These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says. Whatever the future holds for the housing market as a whole, Housing Predictor forecasts that these cities will continue to see steady, dependable growth.

Top cities and the percentage sales prices have increased so far in 2008.

Biloxi, Mississippi, 4.9 percent
Salem, Oregon, 4.7 percent
Bismarck, North Dakota, 4.6 percent
Spokane, Washington., 4.4 percent
Yakima, Washington, 4.1 percent
Austin, Texas, 4.0 percent
Grand Junction, Colorado, 4.0 percent
Fargo, North Dakota, 4.0 percent
Mobile, Alabama, 3.9 percent
Albuquerque, New Mexico, 3.5 percent

Part Five – Even the rich folks are having problems!

The Priciest Real Estate Markets across the U.S. where more than 43 percent of sellers of luxury homes have had to reduce their prices, according to one study of high-end home sales. The Institute for Luxury Home Marketing’s newly launched Luxury Housing Report says that homes in ZIP codes at the top end of the housing market are selling more slowly, up from 110 days on the market in May to 130 days in September.

Median prices have remained stable at a $1.154 million, or $336 a square foot, about the same as September.

Here’s the situation in the top 10 priciest markets and the average days on the market:

1.   Atlanta: Median price, $788,062. Average days on market: 123
2.   Boston: $1.45 million, 125
3.   Chicago: $1.48 million, 153
4.    Dallas: $844,036, 120
5.    Honolulu: $1.15 million, 110
6.   Las Vegas: $482,197. Inventory, 137
7.   Miami: $1.96 million, 220
8.   New York: $3.6 million, 186
9.   San Diego: $2.1 million, 83
10.   Seattle: $1.1 million, 113

The info is presented to show that all real estate is local and that trends in our own area are the ones that we should follow. Sometimes the media only tells a generalized and sensationalized story. That’s what keeps people tuned in after all!

So it seems that foreclosures are selling first and fastest. Would only make sense because those prices are lowest and offer the most value. Foreclosures in some areas are still receiving multiple offers.

Not everyone in every area is in a declining market.

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.

Sources: Daily Real Estate News | November 18, 2008 Source: NAR Daily Real Estate News | November 17, 2008 Housing Predictor (11/15/08) | The Wall Street Journal, Robert Frank (11/11/08)

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.

Not Some Doom and Gloom Report - November 2008 Lyn Sims - RealEstateConsumerInfo.com

Schaumburg Area Market Report

Tue, 25 Nov 2008 07:55:01 -0600

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson

Santa Paws - Schaumburg IL - Photos with your pets and Santa

Sat, 22 Nov 2008 13:12:08 -0600

Santa Paws - Photos of you and your pets with Santa Claus!

December 6                                PetSmart in Bloomingdale IL
December 7                                162 S Gary Avenue near Stratford Square
December 13                             (630) 307-8833
December 14
December 20
December 21

December 13                             PetSmart in Schaumburg IL
December 14                             140 N Barrington Rd. near Home Depot
December 21                                                       (847) 798-1217

December 13 PetSmart in Schaumburg IL (847) 413-0982

December 14 1440 E Golf Rd, near Meacham & Golf by Woodfield

Looking to adopt a dog? Looking to adopt a cat?

Looking for a new home for you and your pets? Sound real estate advice about our local area!

Lyn Sims (847)230-7324 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 Bloomingdale, Bartlett, Carol Stream, Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Christmas Lights and Santa at the Zoos

Santa at Woodfield

Santa at Stratford Square