schaumburg il real estate: Is the Schaumburg Real Estate Market Stalled out? - 08/28/17 10:55 AM
So I'm going to consider this an investigative report (wow just like 60 Minutes!) on what is going on in the Schaumburg housing market. Many of the numbers and various reports just don't add up. Many parts are in conflict such as showings on my listings vs. days on market. There are many listings that I've had that flew off the market & others that are just sitting there in the same condition as those that sold.  You would say this group of listings are similar in a buyers eye when looking online.

So what's up? Why the differences?

(4 comments)

schaumburg il real estate: Sheffield Park in Schaumburg IL - See what's available for sale! - 05/21/17 08:59 AM
Sheffield Park was built by Levitt Builders from 1969-1973. Many home styles & sizes are available in Sheffield Park divided into phases of construction at the time.

Ardsley - Cape Code, 4BR's 2BA's
Arlington - 2-story, 3BR's 2.5BA's
Bradford - Ranch, 3BR's 2BA's
Norfolk - Split Level Mid-Level - 4BR's 2BA's
Northbrook - Raised Ranch, 4BR's 2BA's
Normandy - Raised Ranch, 3BR's 2BA's

Briarwood - Ranch, 3BR's 2BA's, 1 car garage.
Newport - Split level, 4BR's 2BA's
Fairfield - Split Level, 4BR's 1.5BA's
Georgetown - 2-story, 4BR's 2.5BA's
Kensington - Ranch, 3BR's 2BA's, 1 car garage

Looking for a great … (0 comments)

schaumburg il real estate: Schaumburg IL Homes for Sale $300,000 to $600,000 - 05/17/17 01:15 PM
Schaumburg IL Homes for Sale from $300,000 to $600,000

Search all types, styles & prices in Schaumburg IL from $300,000 to $600,000. All the most popular subdivisions with many different styles to choose from.

Looking for a great backyard? I'm sure we've got the perfect place for you to see!

Upsize? Downsize? We've got the homes to show you right here.
 
 
(2 comments)

schaumburg il real estate: Schaumburg IL Homes for Sale under $300,000 - 05/17/17 12:52 PM
Schaumburg IL Homes for Sale under $300,000

Search all types, styles & prices in Schaumburg IL up to $300,000. All the most popular subdivisions with many different styles to choose from.

Looking for a great backyard? I'm sure we've got the perfect place for you to see!

Upsize? Downsize? We've got the homes to show you right here.
 
 
 
(0 comments)

schaumburg il real estate: National Housing Report - April 2017 - 04/28/17 11:11 AM
Nationally sales have seen an expected upswing for March. But inventory still remains low in our surrounding Schaumburg Area. March numbers had only 1.8 months of inventory in Schaumburg alone. In all my years in the business I have never seen the inventory so low.
This brings about a problem for buyers - There isn't enough inventory possibly to choose from. The homes that are updated with relatively no work to do will be snatched off the market quick. Will they go over the list price - eventually they will if more inventory does not fill the void.
Not a problem for … (2 comments)

schaumburg il real estate: 307 Hunterdon Ct, Schaumburg IL 60194 - SOLD - 04/20/17 12:14 PM
 
The information being provided is deemed reliable but not guaranteed. All information must be verified by the purchaser.
Listing information courtesy of: RE/MAX SUBURBAN
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than RE/MAX Northern Illinois are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. © 2017 Midwest Real Estate Data LLC. All rights reserved. Information … (3 comments)

schaumburg il real estate: Schaumburg IL Area Real Estate Market Update - February 2017 - 03/16/17 02:01 PM
Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - February 2017

This is the place to get all your real estate questions answered!

What are Prices Doing?  Average sales prices are relatively stagnant compared to other areas of the country. Still just plunking along in the Midwest. Average Days on the Market pretty much stayed the same into February too.

With our decreased amount of inventory for February we are definitely in a sellers market based on our statistics. Inventory has decreased from 19% to 47% from 2016. With this low inventory the market should turn toward … (1 comments)

schaumburg il real estate: National Housing Report - February 2017 - 03/01/17 10:12 AM
The tug-of-war between rising National home sales and shrinking inventory is escalating and the pressure is showing in home sale statistics for January. The month topped all other January's in our report's nine-year history with the most sales, highest sales prices and fewest days on the market. It was quite a start for 2017!  Here's the scoop:
1. Home sales increased2. Sales prices rose3. Homes selling faster4. It's still a seller's marketIf you are thinking of selling your home here in the Schaumburg Area, please feel free to call me so I can update you on what is going on locally in … (4 comments)

schaumburg il real estate: Top Closing Prices for 2016 - 01/14/17 09:35 AM
Every year I write about some of the top prices that closed in the MLS. I put a little bit of a different spin on it this 2016 year.  We will have the same unbelievable foreclosure prices in some nearby upscale areas but I included our own area surrounding Schaumburg IL.

Barrington Hills at $3,000,000 - 6BR's, 9.5BA's, 7 fireplaces, 10,600 square feet, 8 car garage, 11 acres of land.  Taxes are $52,700 per year.  This actually sounds terribly cheap to me for all this house.
 
 
Oakbrook at $2,300,000 - 9BR's, 13.5BA's, 4 fireplaces, 25,890 square feet, 8 car garage, 3 … (5 comments)

schaumburg il real estate: Schaumburg Townhomes & Condos - What are prices doing? - 07/16/16 08:40 AM
Schaumburg Townhomes - Are prices increasing?

Schaumburg Townhomes & Condos are selling at a better pace and at better prices overall for 2015. Based on the monthly numbers that I present, we can see that things begin a little slowly in the winter months & then begin to ramp up for the year.  Average prices reached near the $174,000 mark during the year.

Schaumburg Townhome & Condo prices have increased slightly over 2014 levels but nothing exceptional to report like some areas of the country. We have an overall better mix of lower priced and upper priced homes elevating our … (5 comments)

schaumburg il real estate: Schaumburg Homes - Are prices increasing for 2016? - 07/16/16 07:58 AM
Schaumburg Homes - Are prices increasing?

Schaumburg Homes are selling at a better pace and at better prices overall for 2016. Based on the monthly numbers that I present, we can see that things begin a little slowly in the winter months & then begin to ramp up for the year.  Average prices reaching over the $330,000 mark so far this year.

Schaumburg home prices have increased slightly over 2015 levels but nothing exceptional to report like some areas of the country. We have an overall better mix of lower priced and upper priced homes elevating those average prices.
(0 comments)

schaumburg il real estate: Schaumburg Homes - Real Estate Market Info June 2016 - 07/12/16 11:45 PM
Schaumburg Homes -  Schaumburg IL Real Estate - Housing Market Info June 2016Looking for the current real estate market information for your Schaumburg Home? You've come to the right place so let's talk about house sales.

Let's talk about a few key market facets here - the months supply of inventory for Schaumburg Homes has been decreasing. We have 23% less in housing inventory then we did a year ago in 2015. There is still competition out there and current market time averages 72 days to contract.

An excellent indicator that the Schaumburg housing market is continuing to improve is the … (0 comments)

schaumburg il real estate: Schaumburg Homes - Supply & Demand Update March 2016 - 04/02/16 05:35 AM
Schaumburg Homes -  Schaumburg IL Real Estate - Housing Market Info March 2016
Looking for current and concise market information for your Schaumburg Home? You've come to the right place so let's delve right into the information.

Let's talk about a few key market facets here - the months supply of inventory for Schaumburg Homes has been decreasing. We have 13% less in housing inventory then we did a year ago. There is still much competition and current market time averages 89 days to contract.

An excellent indicator that the Schaumburg housing market is continuing to improve is the percentage of … (3 comments)

schaumburg il real estate: Meribel - Schaumburg IL - 03/17/16 04:07 AM
Meribel Townhome Sales Summary
Meribel is a great townhome community built in 1993/1994 and located near the intersections of Barrington and Schaumburg Roads just behind and north of Home Depot. (Google map below will take you there and show you around).
Meribel is comprised of 2-story styled townhomes each with a private entry and one car garage.  Features and upgrades could include:  9 foot volume ceilings on 1st floor, hardwood floors, over sized windows, lofts, upgraded cabinetry, skylites, vaulted Master Bedroom.  ALL HOMES in Meribel have 2.5 baths and there are only 2 models available.
There have been 12 homes sold and closed for 2015.
Savoy   2BR 2.5 Baths     8 total … (8 comments)

schaumburg il real estate: Schaumburg IL Area Real Estate Market - January 2016 - 02/16/16 05:16 AM
Real Estate Market Update - Northwest Suburbs - January 2016

This is the place to get those Northwest Suburban real estate questions answered!
Well another year has started and 2015 was the best year for existing-home sales since 2006. There were about 5.3 million homes sold last year nationally, and that was a 6.5% jump from 2014.  I feel that the market will continue to improve throughout the coming year.
What about Prices?  Average sales prices continue to be stagnant for the Midwest Area. The graph depicts the average prices for 2015.
Average Days on the Market came in higher across the board possibly because of … (3 comments)

schaumburg il real estate: So is it the buyers fault or the buyers agent? - 02/07/16 05:50 AM
Have had an absolute rash of damage in my listings recently and they all have something in common - they're vacant. Now they are in good shape, recently remodeled & detailed & there would be no need for any immediate work in these properties. Disrespect? Lack of control on the part of the agent? So I'm confused as to why in one property the Master Bedroom storm window just 'flew' out of it's track & met it's fate on the grass below. No mention in the home inspection that the window was even smashed. Why not?   Did the buyer do it? … (17 comments)

schaumburg il real estate: Schaumburg Home Sales - What's the most popular price range? - 01/19/16 02:23 AM
There have been total of 472 closed single family homes in Schaumburg for 2015. The most popular price range is between $250,000 to $300,000 which is very affordable for our area.
 
Let's view some Schaumburg Homes in the $250,000 to $300,000 range right now.
 

If you are thinking of selling your Schaumburg home soon look for an agent that's a true market expert.  I can zero in to your specific area and give you the current market details so you can make an informed decision and help your home sell faster.
 
My experience also plays an important role. I'm one of those unique … (5 comments)

schaumburg il real estate: Schaumburg IL Average Home Prices 2015 - 01/16/16 02:00 AM
Schaumburg IL Real Estate - Are prices increasing?
Schaumburg Homes are selling at a better pace and at better prices overall. Based on the monthly numbers that I present, we can see that things are slower in the winter months & then begin to ramp up for the year. 

Schaumburg Single Family Home prices have increased slightly over 2014 levels but nothing exceptional to report like some areas of the country. We have an overall better mix of lower priced and upper priced homes elevating our average price.

Average Sales Price for 2015 in Schaumburg was $304,395.
Average … (1 comments)

schaumburg il real estate: Real Estate Market Update - Northwest Suburbs - July 2015 - 08/16/15 09:38 AM
Let's get to those Northwest Suburban real estate questions!
 
What's been happening in our current real estate market? What's trending? The housing inventory level is now unchanged from June levels. The amount of homes that go under contract has also been unchanged from June.  In our area 3 times more listings come on the market than those that go under contract. Competition among sellers continues to be a factor as we have not recovered as quickly as other larger national markets.


 
Our Northwest Suburban market is still considered a 'sellers market' based on current inventory levels. Prices should be increasing … (3 comments)

schaumburg il real estate: Real Estate Market Update - Northwest Suburbs - June 2015 - 07/26/15 02:57 AM
Let's get to those Northwest Suburban real estate questions!
 
What's been happening in our current real estate market? What's trending? The housing inventory is now the highest it has been since the recession started. In our area 3 times more listings come on the market than closings. Competition continues to be a factor in our Midwest market as we have not recovered as quickly as other larger markets.


Our Northwest Suburban market is now considered a 'sellers market' based on current inventory levels. Prices should be increasing more rapidly under these conditions but market times show homes are not selling … (5 comments)

 
Lyn Sims, Schaumburg IL Area Real Estate (RE/MAX Suburban) Rainmaker large

Lyn Sims

Schaumburg IL Area Real Estate

Schaumburg, IL

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Address: 2311 W. Schaumburg Road, Schaumburg, IL, 60194

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Lyn Sims offers market comments, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.


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