This is the Months Supply of Inventory for Streamwood IL Single Family Homes from June 2007 to June 2009.
This is also called the 'Conversion Rate' or how long and how much inventory is on the market in a particular town. Obviously, the higher the rate, the longer the market time for a home in that particular community.
Does your agent know the Conversion Rate and will they share that information with you?
Yes that one month is correct with 39.8 months supply of homes on the market. That is obviously over 3 years! Gulp!
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.
Sources and credits: MRED MLS
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.
Market Update by Price Range - April, May, June 2009
Diligently trying to keep both buyers and sellers informed on the local Hanover Park 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!
100% 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 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 soon, you can see which price ranges are the most active.Clearly the price range above $270,000 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?
For the Hanover Park Townhome (Multi-Family) Sales from April to June 30th, 2009 you can clearly see that over 73% of the closed sales have been under the $200,000 price range. The lowest sales price was $80,000 and the highest sales price was $275,000.
What about foreclosures Lyn? Of those 56 total sales 26 were foreclosures and 4 were short sales. Most of those foreclosures were under the $100,000 price. Hanover Park has the highest amount of foreclosures (both in single family and townhomes) in this series of Market Updates for the surrounding towns. BUT ..... Sales have increased 100% for this quarter!
Looking for a market expert to help you sell your home in the area?
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.
Sources and credits: MRED MLS, my little calculator and golf pencil.
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.
Market Update by Price Range - April, May, June 2009
Diligently trying to keep both buyers and sellers informed on the local Hanover Park 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!
68% 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 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 soon, you can see which price ranges are the 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.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?
For the Hanover Park Townhome (Multi-Family) Sales from April to June 30th, 2009 you can clearly see that over 92% of the closed sales have been under the $200,000 price range. The lowest sales price was $46,500 and the highest sales price was $290,000.
What about foreclosures Lyn? Of those 38 total sales 26 were foreclosures and 7 were short sales. Most of those foreclosures were under the $100,000 price. Hanover Park has the highest amount of foreclosures in this series of Market Updates for the surrounding towns.
Looking for a market expert to help you sell your home in the area?
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.
Sources and credits: MRED MLS, my little calculator and golf pencil.
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.
Market Update by Price Range - April, May, June 2009
Diligently trying to keep both buyers and sellers informed on the local Streamwood 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!
55% 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 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 soon, you can see which price ranges are the 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.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?
For the Streamwood Home Sales from April to June 30th, 2009 you can clearly see that over 86% of the closed sales have been under the $250,000 price range. The lowest sales price was $80,000 and the highest sales price was $435,000.
What about foreclosures Lyn? Of those 61 total sales 27 were foreclosures and 8 were short sales. Most of those foreclosures were under the $175,000 price. Streamwood has the highest amount of foreclosures in this series of Market Updates for the surrounding towns.
Looking for a market expert to help you sell your home in the area?
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.
Sources and credits: MRED MLS, my little calculator and golf pencil.
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.
Market Update by Price Range - April, May, June 2009
Diligently trying to keep both buyers and sellers informed on the local Streamwood 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!
55% 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 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 soon, you can see which price ranges are the 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.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?
For the Streamwood Multi-Family Home Sales from April to June 30th, 2009 you can clearly see that over 85% of the closed sales have been under the $200,000 price range. The lowest sales price was $63,000 and the highest sales price was $399,900.
What about foreclosures Lyn? Of those 42 total sales only 8 were foreclosures and 7 were short sales. Most of those foreclosures were under the $150,000 price.
Looking for a market expert to help you sell your home in the area?
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.
Sources and credits: MRED MLS, my little calculator and golf pencil.
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.
Market Update by Price Range - April, May, June 2009
Diligently trying to keep both buyers and sellers informed on the local Bartlett 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 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 soon, you can see which price ranges are the 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.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?
For the Bartlett Single Family Home Sales from April to June 30th, 2009 you can clearly see that over 57% of the closed sales have been under the $300,000 price range. The lowest sales price was $148,000 and the highest sales price was $620,000.
What about foreclosures Lyn? Of those 57 total sales only 7 were foreclosures and 6 were short sales. Most of those foreclosures were under the $200,000 price.
Looking for a market expert to help you sell your home in the area?
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.
Sources and credits: MRED MLS, my little calculator and golf pencil.
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.
Market Update by Price Range - April, May, June 2009
Diligently trying to keep both buyers and sellers informed on the local Bartlett 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 - but not by much!
15% 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 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 soon, you can see which price ranges are the 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.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?
For the Bartlett Multi-Family Home Sales from April to June 30th, 2009 you can clearly see that over 84% of the closed sales have been under the $150,000 price range. The lowest sales price was $67,500 and the highest sales price was $275,000.
But what about all the foreclosures Lyn? Of those 20 total sales only 5 were foreclosures and 3 were short sales. Most of those foreclosures were under the $150,000 price.
Looking for a market expert to help you sell your home in the area?
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.
Sources and credits: MRED MLS, my little calculator and golf pencil.
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.
Open view from this 2BR 2.5BA townhome! Private patio area, neutral carpet & paint, upgraded cabinets, doors & woodwork thruout. Vaulted Master BR, 2BR has walk-in closet, 2nd floor laundry. BR's are seperated for guest privacy! 1 car garage, Elgin-O'Hare and Train Station easy access.
Newer 2.5BA has all the features you'd want! Updated thruout, newer carpet, flooring, lighting. Vaulted Master BR, 2nd BR has walk-in closet, 6 panel door & woodwork upgrade, Appliances only 2 years, 2 pantries in Kitchen, Table space in Kitchen. New thermo patio door, skylite in hallway.
see additional photos below
PROPERTY FEATURES
Central A/C
Fireplace
High/Vaulted ceiling
Walk-in closet
Dishwasher
Refrigerator
Stove/Oven
Microwave
Balcony, Deck, or Patio
Yard
COMMUNITY FEATURES
Guest parking
Playground
OTHER SPECIAL FEATURES
Nature Sanctuary
Park,Tennis,Baseball,Soccer,Covered Picnic,Kiddie Area
Well is this good news? We shall see. Don't forget to look for this assessment change in your mailbox coming soon. Don't forget that every Illinois homeowner has the right to protest their taxes if they feel they are being overvalued and over taxed. Just wanted to be sure that you were informed as the county doesn't seem to be getting the word out like it should. This will effect all homeowners in Cook County!
Cook County Assessor Announces First-Ever DownwardMarket Adjustment for Homeowners(released 5/11/09)
Cook County Assessor Jim Houlihan announced that residential properties not being reassessed this year will receive a market adjustment reflecting the real estate downturn. Residential properties in 30 suburban townships will receive reductions in their assessed value.
“The situation we are facing is extraordinary. Foreclosures and declines in sale prices and volume have taken a toll on home values,” Houlihan said. “After careful analysis of market sales and foreclosure data, we determined these townships should not have to wait until their next reassessment for the impact to be reflected."
“Homeowners are already getting less protection from the 7% Expanded Homeowner Exemption this year,” Houlihan added, noting the General Assembly’s decision to phase it out.“That makes the adjustment even more urgent.”
As part of this historic step, the Assessor’s Office will mail notices to every property owner in CookCounty this year. Normally, properties are assessed every three years and receive notices only then. The north suburbs are not scheduled to be reassessed until 2010; the south and west suburbs will be reassessed in 2011.
This year, each suburban township will receive an adjustment percentage, which will lower the existing assessed values of all residential properties in that township, Houlihan said. The reductions will likely range from 4% to 15%.
“Areas hit hard by foreclosures and market drops will see the biggest reductions. We will continue to monitor the market. The percentage reductions will change if the conditions warrant it,” Houlihan said.
The first notices will be sent to RiverForestTownship in May and will reflect a 5% reduction for residences there.CiceroTownship, burdened by a high foreclosure rate and a battered sales market, will receive a 15% reduction, Houlihan said.
The market reductions come as the Assessor’s Office is implementing the 10/25 Ordinance, a measure simplifying assessment levels passed by the CountyBoard last year. Under the ordinance, the assessment level of residential properties is 10% of market value; for industrial and commercial properties, it is 25% of market value.
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 Streamwood, Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, 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.
Northwest Suburban Chicago Illinois real estate listings, sales, market comments and news for the surrounding Illinois communities of Bartlett, Hanover Park, Elgin, South Elgin, Streamwood, Carol Stream, Bloomingdale, Roselle, Medinah, Itasca, Elk Grove Village, Hoffman Estates, and Schaumburg.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
local Hanover Park 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.
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.
local Streamwood 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.
local Streamwood 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.
local Bartlett 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.
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.
Central A/C
Don't forget that every Illinois homeowner has the right to protest their taxes if they feel they are being overvalued and over taxed. Just wanted to be sure that you were informed as the county doesn't seem to be getting the word out like it should. This will effect all homeowners in Cook County!
;)
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