Elk Grove Market
Update for Multi-Family Sales - Townhomes, quads, condos, duplexes.
Well lately
we’ve heard some media buzz that improvement is happening in
the Elk Grove Village Market and I just wanted to let
you know that YES –
it seems to be true!
So for the 1st
quarter of 2009 ..............
we’ve had 19 properties
close – YIPPEE.
The graphs show
us that obviously
the first time buyers are spurring along the market in the lower price
ranges.
The majority of sales over 84% were
under $250,000. Also for those concerned, none were marked
foreclosures and 3 were marked short sales.
Our MLS allows us to differentiate these from regular
closings. The
lowest
sales price was $70,000 which is
such a great deal for a 2BR condo off Biesterfield I'm sure you'll agree!
This graph is
for the Multi-family homes that have sold during the last half of 2008.
Over
92% have sold below the $250,000 price range.
There are
currently 109
home selections for sale below $200,000 available in Elk Grove Village. OR
There are currently
52 home selections below
$150,000 if
that works better!
Think
you might want to start looking?
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
Elk Grove Village, Hoffman Estates, Schaumburg, 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.
Sources:
MRED MLS of Northern IL
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.
Elk Grove IL
Real Estate Market Update for Multi-Family - April 2009 ©2009
Lyn Sims -
RealEstateConsumerInfo.com and RealEstateBuyMe.com
;)
;)
Lyn nice job with your market report. It is great to hear your market is showing signs of life! We have seem a large increase in activity here in Mass as well.