Hoffman Estates Illinois Market Update

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Hoffman Estates Illinois Market Update - Lyn Sims (847)230-7324

Well lately we’ve heard some media buzz that improvement is happening in the Hoffman Estates Illinois Real Estate Market and I just wanted to let Schaumburg homes you know that YES – it’s true!

So for the month of March 2009 .............. we’ve had 16 properties close – YIPPEE.

All the closings were below the $398,000 price and only 3 were actually above $300,000. This is basically showing us that obviously the first time buyers are spurring along the market. Also for those wondering, only 5 were marked foreclosures and 3 were marked short sales. Our MLS allows us to differentiate these from regular closings. The lowest sales price was $101,000 which is a great deal for a 3BR home on a larger lot in Hoffman Estates!

Now with the pending sales during March 2009 – 32 homes went under contract and 22 are below the $400,000 list price. So again we see that nothing is really happening yet in the upper price brackets for March.

There are currently 94 homes for sale below $300,000 available in Hoffman Estates.

Hoffman Esates Illinois

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Lyn Sims (847)230-7324 at RE/MAX Suburban

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 Hoffman Estates, Schaumburg, 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.

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Posted by Lyn Sims - Schaumburg Homes on 04/13/2009 02:16 PM

Comments (9)

Hoffman Estates IL Market Update in the Home Buying Channel

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Originally posted at: RealEstateConsumerInfo.com: Hoffman Estates Illinois Market Update - Lyn Sims (847)230-7324

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9 Comments on Hoffman Estates Illinois Market Update - Lyn Sims (847)230-7324

APR

2009

Lyn, I agree with you, but we are seeing the higher listings getting more time form us.cas

APR

2009

Lynn, it appears as though many markets are beginning to pick up. Great news. ;-)

APR

2009

Hope the market picks up in your area of Mesa Teri.

Very nice Lyn !!!

We are seeing the same price bracket get the increased activity right now too !

... first time buyers are being added to my tally on a weekly basis !!!

All the best for the Spring Lyn !

Sheldon :o)

APR

2009

Thanks Sheldon for stopping by, sell those first time home buyers!

Lynn it is great to hear that your market is improving. I hope it continues...we are seeing the same thing here in Mass.

Thanks for stopping by Bill - shouldn't you be working on a great graph of your area showing improvements too? Glad things are on the upswing for your area as well.

APR

2009

Good job on the graphics from your MLS. I've got to learn how to insert them into my blog!

Pat,

It is from the program SnagIt which you can try out for a trial period to see if you like it. There is another one that I am starting to use which is Create a Graph. It's for kids and I got it up and going in no time! I wish I could remember who to give credit to on AR. Good luck using them in your area and let me know if you need any help.

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Lyn Sims - Schaumburg Homes

Schaumburg, IL

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Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban

Address: Schaumburg, Hoffman Estates, Elk Grove Village, Streamwood, Roselle, Bloomingdale Illinois in the Northwest Suburbs of Chicago

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