Lyn Sims ~ Chicago Northwest Suburbs

Analysis: $8000 Tax Credit Adds 357,000 Buyers

A study estimates that 357,000 buyers have been motivated so far by the $8,000 First-Time Homebuyer Tax Credit.

Source: HousingWire.com, Austin Kilgore (09/22/2009)

U.S. Census Bureau: homeownership dips to 66.6 percent in 2008. The U.S. Census Bureau recently released its American Community Survey and nationally, homeownership dropped to its lowest level in six years.

In Illinois, homeownership rates were at 69.3 percent for 2008.

Housing: California homeowners with mortgages ($2,384) had the highest median housing costs in the nation. New Jersey had the second highest median housing cost ($2,360). Hawaii ($2,265) and the District of Columbia ($2,218) followed, but were not significantly different from each other. Rounding out the top six were Connecticut ($2,108) and Massachusetts ($2,105), which also were not significantly different from each other.

In Illinois, the most popular price bracket for homes is $200,000 to $299,000.





Sources: IL Housing Statistics 2008, Census

Priciest ZIP Codes Down, Not Out

This year, home prices fell in the nation's most exclusive neighborhoods (duh, ya think?). But this post is really not about the writer at Forbes lack of mental capacity.

In Alpine, New Jersey, which tops Forbes' magazine's list of America's 500 Most Expensive ZIP Codes, home prices declined 23 percent in the last year.

Overall, asking prices in the ZIP codes on Forbes' list dropped an average of 7 percent. Prices are only rising in a few areas. For instance, on New York's Upper West Side, ZIP code 10023, prices rose 4 percent in the last year.

Forbes' list was compiled by Altos Research, a real estate data collection and research firm that tracks about 90 percent of all real estate transactions.

Based on Altos' figures, here are the country's 10 most-expensive ZIP codes and the median home prices there:

1. 07620, Alpine, New Jersey, Median Home Price: $4,139,041
2. 94027, Atherton, California: $3,849,133
3. 10014, New York, New York: $3,521,514
4. 91008, Duarte, California: $3,444,773
5. 90210, Beverly Hills, California: $3,367,167
6. 92067, Rancho Santa Fe, California: $3,362,493
7. 93108, Santa Barbara, California: $3,284,652
8. 94024, Los Altos Hills, California: (median unavailable - Gee, I bet less than 3.2 million though)
9. 10065, New York, New York: $3,176,534
10. 07926, Brookside, New Jersey: $3,121,115

Actually there are quite a few zip codes that actually make the list every year in the Chicago Area. I did a post on it last year called the Five Richest Zip Codes in Illinois. It's always fun to check these places out!

Source: Forbes, Francesca Levy (08/27/2009) and Daily Real Estate News (9/1/09)

There is a large amount of inventory thruout the Northwest Suburbs of Chicago which include the Roselle Area. Sellers are competing to make their home standout and enhance their marketability. Prices have held between 4 to 5% from the listing price over the last few months.

Here is the chart of ACTIVE Single Family Prices in Roselle with the MARKET TIMES posted as 'average days on the market.' There currently are 115 single family homes available for sale with an average market time of 195 days.

The average list price is $384,342 and the highest listing price is $999,900. The largest selection of homes occurs in the $200,000 to $300,000 price range. The lowest price is $174,900 which would be considered a 'value price' at any time of the year. I always like to call these my 'Internet deal alerts'.

To start your up to the minute search for homes available in Roselle. I'm looking for townhomes in Roselle.

Please contact me Lyn, I need more information!

Lyn Sims (847)230-7324
RE/MAX Suburban
Email: LynSims@remax.net

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/

Roselle IL Homes and Market Times, October 2009 ©2009 Lyn Sims - www.RealEstateConsumerInfo.com - www.RealEstateBuyMe.com

There is a large amount of inventory thruout the Northwest Suburbs of Chicago which include the Elk Grove Village Area. Sellers are competing to make their home standout and enhance their marketability. Prices have held between 4 to 5% from the listing price over the last few months.

Here is the chart of ACTIVE Single Family Prices in Elk Grove Village with the MARKET TIMES posted as 'average days on the market.' There currently are 135 single family homes available for sale with an average market time of 221 days.

The average list price is $316,089 and the highest listing price is $684,900. The largest selection of homes occurs in the $200,000 to $300,000 price range. The lowest price is $139,900 which would be considered a 'value price' at any time of the year. I always like to call these my 'Internet deal alerts'.

To start your up to the minute search for homes available in Elk Grove. I'm looking for townhomes in Elk Grove.

Please contact me Lyn, I need more information!

Lyn Sims (847)230-7324
RE/MAX Suburban
Email: LynSims@remax.net

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/

Elk Grove Village IL Homes and Market Times, October 2009 ©2009 Lyn Sims - www.RealEstateConsumerInfo.com - www.RealEstateBuyMe.com