| COMMUNITY DAYS AT THE DUPAGE AIRPORT July 24th, July 25th and July 26th, 2009 |
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COMMUNITY DAYS AT DUPAGE AIRPORT July 24th, July 25th and July 26th, 2009
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Diligently trying to keep both buyers and sellers informed on the local Elgin Illinois housing market has been my goal for many years. 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 by the way!
60% over the last quarter!
Is it the $8000 Tax Credit? Is it the lower interest rates? Or maybe just great values in the area?
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 Elgin market? It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'
How can this information help you if you are a seller? If you are planning on selling your home in Elgin soon, you can see which price ranges are the most active. Clearly the price range above $250,000 has been non-existent and rarely sales have occurred. You might have to plan accordingly for extra market time. As a seller, you have to be sure that your home's 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?

What about the foreclosures Lyn? Of those 181 total sales, 59 were foreclosures and 23 were short sales. Most of those foreclosures were under the $100,000 price. Probably a lot less than what you expected right?
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
at RE/MAX Suburban
The Blog Dog and 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.
Disclaimer: 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.
Resources: MRED MLS of Northern IL, my little calculator and golf pencil.
Elgin Illinois Market Update by Price Range ©2009 Lyn Sims - TheBlogDog.net
Diligently trying to keep both buyers and sellers informed on the local Elgin Illinois housing market has been my goal for many years. 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 by the way!
75% over the last quarter!
Is it the $8000 Tax Credit? Is it the lower interest rates? Or maybe just great values in the area?
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 Elgin market? It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'
How can this information help you if you are a seller? If you are planning on selling your home in Elgin soon, you can see which price ranges are the most active. Clearly the price range above $250,000 has been non-existent and rarely sales have occurred. You might have to plan accordingly for extra market time. As a seller, you have to be sure that your home's 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?

What about foreclosures Lyn? Of those 44 total sales, 15 were foreclosures and 3 were short sales. Most of those foreclosures were under the $100,000 price. Probably a lot less than what you expected right?
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
at RE/MAX Suburban
The Blog Dog and 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.
Resources: MRED MLS of Northern IL, my little calculator and golf pencil.
Elgin Illinois Multi-Family Market Update by Price Range ©2009 Lyn Sims - TheBlogDog.net
Foreclosures and short sales are a regular portion of the market these days and create market distortions in otherwise stable neighborhoods. And those distressed properties are selling for 20% or more below values of other homes. But with this 'distrortion' is another problem with appraisers not adding value for these otherwise below market sales. Before the new appraisal changes (May 2009) an appraiser might mark up a distressed property to bring it into current line with what market value would currently be. Not any more, those days are gone! Those distressed properties are now setting the market causing extreme pricing fluctuations and appraisal problems in our area.
This is a market overview for the Northwest Suburbs of Chicago which I serve. I've given a breakdown for single-family homes sales and for multi-family sales (townhomes, condos, etc) so you can get an idea of which areas are having increased sales and bouncing back faster than others. These numbers are for the 2nd quarter 2009.
Elk Grove SF 47%
Elk Grove MF 75%
Bartlett SF 60%
Bartlett MF 15%
Schaumburg SF 97%
Schaumburg MF 110%
Hoffman Estates SF 50%
Hoffman Estates MF 102%
Roselle SF 100%
Roselle MF 130%
Streamwood SF 25%
Streamwood MF 55%
Hanover Park SF 100%
Hanover Park MF 68%
Bloomingdale SF 100%
Bloomingdale TH 75%
Links will take you directly to each detailed report for that particular town. If you are thinking of purchasing or selling your home, please consider me your neighborhood expert. I would welcome the opportunity to meet with you and discuss your options in today's marketplace.
Do you know about the First time Homebuyers Tax Credit?
Lyn Sims (847)230-7324 at RE/MAX Suburban
The 'Blog Dog' gives her market 'pawspective'.
This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
Disclaimer: 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.
Bartlett Illinois Home Sales, Streamwood IL Real Estate Market Overview - July 2009 ©2009 TheBlogDog.net and Lyn Sims
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