Schaumburg Homes - Market Update by Price Range - March 2009

Schaumburg Illinois Market Update by Price Range - March 2009

Always trying to keep both buyers and sellers informed on the local Schaumburg housing market has been my goal for many years.

This market update gives you graphs of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way!

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 ideal if it was.

How can this information help 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 $500,000 has been very slow and very few sales have occurred.  You might have to plan accordingly for extra market time.  As a seller you have to be sure that your home is ‘spot on’ in a market like this.  Some extra updates and staging might be required before you put your home on the market.

So for the Schaumburg Sales for January to March 31st, 2009 you can clearly see that over 75% of the closed sales have been under the $300,000 price range.

The following graph provides closed sales in Schaumburg from July to December 31st, 2008

     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 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

Schaumburg Market Update by Price Range  ©2009 Lyn Sims - RealEstateConsumerInfo.com and RealEstateBuyMe.com