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Ken Smith

9/25/08 Single Family Market Update - Arlington Heights, Illinois

09-25-08
Ken Smith

Here is a quick snapshot of the single family residentail real estate market in Arlignton Heights. If you are interest in more deatils please call the us at 847-749-3533.

Under Contract

List Price Range # Listings Avg. Days on Mkt

$150,000 - $199,999 1 216

$200,000 - $249,999 1 603

$250,000 - $299,999 3 240

$300,000 - $349,999 4 264

$350,000 - $399,999 8 175

$400,000 - $449,999 6 285

$450,000 - $499,999 3 143

$500,000 - $549,999 5 250

$550,000 - $599,999 4 87

$600,000 - $699,999 2 77

$700,000 - $799,999 5 376

$800,000 - $899,999 1 586

$1,000,000 - $1,999,999 1 204

Under Contract Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price

44 240 $449,900 $492,834 $1,099,999 $189,900


Active Listings

List Price Range # Listings Avg. Days on Mkt

$150,000 - $199,999 1 441

$200,000 - $249,999 9 98

$250,000 - $299,999 47 153

$300,000 - $349,999 53 215

$350,000 - $399,999 63 204

$400,000 - $449,999 59 173

$450,000 - $499,999 49 192

$500,000 - $549,999 25 162

$550,000 - $599,999 26 193

$600,000 - $699,999 29 182

$700,000 - $799,999 26 280

$800,000 - $899,999 22 314

$900,000 - $999,999 15 198

$1,000,000 - $1,999,999 16 340

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price

440 203 $449,900 $519,331 $1,895,000 $189,900

Market conditions provided by the Suburban House Hunters Team. These market stats are just a summary of the market conditions in Arlington Heights. If you would like more details about the current conditions or information on other suburbs including Algonquin, Barrington, Bartlett, Buffalo Grove, Chicago, Elgin, Elk Grove Village, Hoffman Estates, Mount Prospect, Northbrook, Palatine, Prospect Heights, Rolling Meadows, Roselle, Schaumburg, Streamwood, or Wheeling feel free to contact us.

Palatine Rental Market Update

06-03-08
Ken Smith

The rental market in Palatine is currently very strong and vacancy rates are very low. If you have a home or condo to rent in Palatine you will be looking at it renting for at least 5-10% higher then last year at this time and it will rent quickly.

Renters the home you look at today many times will be gone tomorrow. We have rented multiple homes in under 24 hours. This means if you find something you like you need to act fast and expect to pay close to full asking rent.

Residential Rentals on Market: 91

Lowest Price: $850

Highest Price: $7500 (large newer single famliy home)

Price range for 1 bedroom condos: $850 - $1,490

Price range for 2 bedroom condos: $875 - $2,100

With the increases in rental rates many renters are starting to find that purchasing a home is a less expensive option then renting. If you are interested in viewing all the homes on the market for sale or for rent use our Palatine MLS search.

Arlington Hieghts Rental Update

06-03-08
Ken Smith

The rental market in Arlinton Heights is currently very strong and vacancy rates are very low. If you have a home or condo to rent in Arlington Heights you will be looking at it renting for at least 5-10% higher then last year at this time and it will rent quickly.

Renters the home you look at today many times will be gone tomorrow. We have rented multiple homes in under 24 hours. This means if you find something you like you need to act fast and expect to pay close to full asking rent.

Residential Rentals on Market: 61

Lowest Price: $850

Highest Price: $3950

Price range for 1 bedroom condos: $850 - $2,100

Price range for 2 bedroom condos: $1,100 - $2,575

With the increases in rental rates many renters are starting to find that purchasing a home is a less expensive option then renting. If you are interested in viewing all the homes on the market for sale or for rent use our Arlington Heights MLS search.