Roselle Illinois Closed
Home Market Update by Price Range - March 2009
Always
trying to keep both buyers and sellers informed on the
local Roselle
housing market has been my
goal for many years.
There
have been
17
total sales with the lowest price of
$150,000 for a 3BR
home. I'm sure you'll agree that's a great deal for Roselle!
Why am I not
enthusiastic on the overall sales? Because the
Roselle Market is
lagging
way behind
the sales of other surrounding areas. Homes in Roselle are
not
selling as they should be and are down 55% from the 2nd half of 2008.
Another market oddity is
that
there was only 1 sale between the $201,000 to $250,000 price range.
There were more BELOW the $200,000 mark. No sales
at all
between $350,000 to $500,000.
Out of the 17 sales for 2009
- 3
were marked as
foreclosures and 3 were marked as short sales. We are able to
differentiate those sales in our MLS. Just wanted to point
out the true numbers
that you might not be aware of because of all the media hype over the
national foreclosure statistics.
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 $350,000 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 to make you more
competitive.
So for the Roselle Home
Sales for January to
March 31st, 2009 you can
clearly see that over
64% of the closed sales have been under the
$300,000 price range.
The following graph
provides closed sales in Roselle from July to
December 31st,
2008
Looking for
a great home in a great area?
Want
to
see some homes?
There are currently 21 selections
under $250,000 available Roselle and I bet a few of them are
some really great deals!
Roselle Village Profile
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 Roselle,
Palatine, Medinah, Itasca, Bloomingdale, Carol
Stream,
Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles, Hoffman
Estates, Schaumburg, Elk
Grove Village
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.
Resources:
MRED MLS of Northern IL
Roselle
Market Update by Price Range ©2009
Lyn Sims - RealEstateConsumerInfo.com and
RealEstateBuyMe.com
;)
;)
