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Stop right there and start looking for your new Bartlett Townhome here!
Thinking that now is the time to make a move?
Interest rates are now the lowest they've ever been. I know you're saying to yourself "but you guys told us that last year?" Well, the interest rates were low then and now they are even LOWER. Just a few months ago we were quoting an interest rate of 5.125% and now we can say the rate is now at 4.125% which is a full percent less! What does that mean to you and your wallet? About a $120 a month savings. That's your cable bill, maybe gas for the month or just one ticket (sorry) to a Bears Game!
There are many great Bartlett values to be had on the market right now and I'm looking for buyers that want to get in the game. The average list price in Bartlett is $156,230 and there are many homes available in the most popular price range of $150,000 to $200,000. The lowest price for sale right now is $53,900 and the highest is $298,750. Variety, styles and selections in all price ranges.
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Looking to buy a Bartlett Townhome or Condo and want to work with a buyers agent that's familiar with the area like the back of her hand?
Search for Bartlett Townhomes or Condos here.
Search for Bartlett Foreclosures here.
Lyn, I'd like you to contact me by email as soon as you can! I'd like to get started right away!
Looking to sell your Bartlett Townhome and work with an area expert? Let's work out a strategy to get your Bartlett Townhome sold!
Bartlett IL Demographics
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Disclaimer: Your interest rate will vary depending on your FICO score and other variables. This was for informational purposes only to show you an example of monthly savings.
Positive Signs continue in our Northwest Suburban Real
Estate Market for the 8th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings. For November, Hanover Park Single Family Homes have now reached the number of 2010 closings and Hanover Park Multi-Family are down 31% over 2010.
For Hanover Park there are still no price gains calculated with foreclosures still leading the way in current sales. What is promising is that in a few different surrounding markets the average sales prices are now stabilizing. If all goes well, our next trend will be for prices to finally level off and slight increases to begin in our area. I should point out that how much inventory we have going into winter is very important and we currently are holding near 8 months supply. We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.
My summary shows painfully slow growth and sales have been erratic at best at the beginning and again for the end of this year.
Hanover Park Home supply declined (yipee) for November at 4.5 months from October's 7 months. Homes under contract was 16.2% of inventory which is excellent and above surrounding area sales.
The median sales price is now $100,000 from $124,900 just the month before showing that the absolute lower end homes are selling first.

Looking for an agent that knows this fluctuating market? Give me a call to discuss your housing situation and needs.
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There's been much talk (chatter by the national talking heads) in the media about our Northwest Suburban and Streamwood home values returning to a previous level. I read these reports constantly, day in and day out and wonder to myself 'How do they know this stuff when I don't even know it!'
Real estate is unique in that it is very local in nature. In fact, real estate is so unique it can even be broken down further to say that neighborhoods even in the same town will been effected differently. What happens in one subdivision doesn't necessary happen in another. What effects one subdivisions appeal doesn't effect another that's even similar. So 'painting with a broad brush' is not possible in our Streamwood neighborhoods.
Any Streamwood real estate professional I will challenge because they cannot say with absolute certainty that market prices have fallen 20% (you pick the number here). 'Painting with that broad brush' just cannot be done. Many variables have effected your home's values and each subdivision should be considered on it's own merit.
How many short sales have been in the area?
How many foreclosures have decimated prices?
One constant that I will say with certainty is that the more homes for sale in a particular subdivision essentially effects the overall sales prices. The more sellers that compete for the smaller buyer pool effects the sales prices. Each seller is eager to obtain their own goals whether a transfer, death, birth or divorce. It's the economic market standard of supply and demand.
The graph that I present is for the average sales prices per year for Streamwood homes. I've given you a 10 year sampling of prices (MLS closed only) so you can actually see the rise of the market and also the fall. According to this graph, 'prices have corrected themselves' to just above 2000 sales levels.
We need less homes on the market to create the equilibrium for prices to increase in the future.
Market Update

Disclaimer: NAR (National Association of Realtors) does not provide these numbers to their members. MRED, the area MLS, does not provide this figures which I had to compile for this presentation. I feel confident in their accuracy to report to my readership.
Positive Signs continue in our Northwest Suburban Real
Estate Market for the 8th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings. For November, Bartlett Single Family Homes are now 32% above 2010 closings and Bartlett Multi-Family are now up 17% over 2010.
For Bartlett there are still no price gains calculated with foreclosures still leading the way in current sales. What is promising is that in a few different surrounding markets the average sales prices are now going up. If all goes well, our next trend will be for prices to finally level off and slight incre,ases to begin for Bartlett. This also would have to take into account how much inventory we have going into winter and we currently are holding near 8 months supply. We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.
My summary shows slow growth and first time home buyers or investors have decided to jump in the market to snatch up all those townhouses and condos we've got. It's a good idea for investors as most sales prices will equal a positive cash flow. I've been in multiple offers again for the low end price ranges.
Bartlett Home supply declined (great) for November at 5 months from October's 6.5 months. Homes under contract was 14.5% of inventory.


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