Diligently trying to keep both buyers and sellers educated on the local Roselle Illinois Home Sales and housing market has been my goal with these 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 up giving 
encouraging news!
35% 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 upswing but for once it's good news that sales are inching forward. Homes in Illinois have made a 3% increase not seen since March 2006! Average days on the market for closed sales is at 184. The listing price to selling price ratio is 5% which means the amount that a buyer gets off the list price of a house.
Now what I find interesting is a new figure called the 'Sales Price to Old List Price'. This comes in at 89% which shows that sellers are still putting their homes on the market too high and then coming down and eventually selling. This is not the market to test a price!
Currently for the Roselle Illinois Home Sales from July to September 2009 you can clearly see that over 50% of the closed sales have been under the $250,000 price range. The lowest sales price was $125,000 and the highest sales price was only $650,000.
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.' Hey that single family home that sold for $125,000 I would call a '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, but Roselle has faired well with 5 homes selling over the $400,000 price point. 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 33 total sales only 8 were foreclosures and 2 were short sales. So much for the media telling you all about all those foreclosures out there.
Market Update April, May, June 2009
Townhome 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
RE/MAX Suburban
Email: LynSims@msn.com
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.
Roselle Illinois Market Update by Price ©2009 www.RealEstateConsumerInfo.com - www.RealEstateBuyMe.com - Lyn Sims
Light at the end of the tunnel? I hope so. Here is some positive information and numbers from the 'egg heads' that 
crunch numbers for Illinois.
Statewide Illinois home sales increased year-over-year in the month of September for the first time since March 2006 with first-time buyers driving the rebound in sales. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in September 2009 reached 10,350 homes sold, up 3.3 percent from September 2008 sales of 10,018.
The Illinois median price in September 2009 was $160,000 down 9.3 percent from $176,450 in September 2008. The median is a typical market price where half the homes sold for more, half sold for less.
According to Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) of the University of Illinois: “There are signs that the housing market may be signaling a change in direction, although the prospect of continued large numbers of foreclosed properties will continue to exert downward pressure on prices in a market in which supply still significantly exceeds demand. The news on the sales front is encouraging and even the price declines seem to be moderating. However, the prospects of a jobless recovery from the recession will continue to exert restraint on a more robust recovery of the housing market. Illinois tends to enter recessions later than the U.S. and take longer to recover.”
Illinois’ official unemployment rate in September reached 10.5 percent and was above the 9.8 percent national unemployment rate.
The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central region was 5.06 percent in September 2009, down 0.21 from the 5.27 average rate during the previous month, according to the Federal Home Loan Mortgage Corporation. Last year in September it averaged 6.05 percent.
In the city of Chicago, September total home sales (single-family and condominiums) were up 5.8 percent to 1,918 sales compared to 1,813 homes sold in September 2008. The city of Chicago median price in September 2009 was $225,000 down 16.2 percent compared to $268,600 a year ago in September 2008. “While we see a significant increase of sales, we continue to see distressed properties moving the marketplace,” said Genie Birch, president of the Chicago Association of REALTORS®
According to the IAR report, total home sales (single-family and condominiums) comparing September 2009 to the same month in 2008 were up in 39 of 99 Illinois counties reporting including Champaign, up 15.7 percent; Cook, up 9.2 percent; DuPage, up 6.6 percent; Kankakee, up 2.9 percent; Lake, up 1.2 percent; Rock Island, up 3.6 percent; Sangamon, up 13.5 percent; and Will, up 4.6 percent.
Sources: IL Assn of Realtors; Sales and price information is generated from a survey of Multiple Listing Service sales reported by 37 participating Illinois REALTOR® local boards and associations. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.
15 Exceptional Jack-O-Lanterns for the 'carving maniac' in all of 
us - this stuff is fabulous!
Carving with Power Tools - DIY Network offers up a few videos to bring out your inner chain saw maniac!
Decorating suggestions for your exterior - you will now put down your chain saw for these videos!
For the more timid viewers and visitors of my blog:
Pumpkin Lunacy
Sure let's act like idiots - let's try Pumpkin Bowling! Guess what we use for bowling balls?
More Extreme Pumpkins. My personal favorite is the one where fire is shooting out the top!
Resources: HGTV
Do I need one? Do I want one? Should I get one? It's the 
newest trend in spicing up the exterior of your home!
Personally, I love how they look! Chimney pots were traditionally unglazed terracotta pots with a tapered shape, designed to increase the draft of a chimney while providing an ornamental cap to a building. Their use is first recorded in the thirteenth century, and they were an important aid to heating during the time when fireplaces were the main source of warmth.
Belying the name pot, chimney pots are available in a wide variety of sizes, shapes, styles -- important because they must fit the flue. They are available in a range of colors and designs to suit and highlight various architectural styles on a home. Although one may purchase antique or reproduction chimney pots either to fit the house architecture, from an appreciation of history, or for beauty, the new array of patterns means that chimney pots are no longer associated exclusively with Tudor Architecture. Among the shapes available are chess pieces, octagonal columns, and those shaped like gun or cannon barrels.
Chimney pots fit around the outside of the flue, but inside the chimney, so proper measurement is important to getting a good fit. Securing a piece of wire mesh over the top of the chimney pot can keep both leaves and small animals out, as well as keeping sparks in. Local fire code determines the requirements for spark arrestors so checking with the village before installation is important.
Didn't know what a Chimney Pot was? Now you do! See you've learned something today!
The photo at the right is an incorrect way to use a Chimney Pot! So don't even try it in my neighborhood!
Chimney Pots in This Old House Magazine
Chimney Pots made between 1840 and 1880
Copper Chimney Pots
Copper Chimney Pots
Extendaflue Chimney Styles
Please contact me Lyn, I need more information!
Lyn Sims (847)230-7324
RE/MAX Suburban
Email: LynSims@msn.com
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/
Chimney Pots ©2009 Lyn Sims - www.RealEstateConsumerInfo.com - www.RealEstateBuyMe.com
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