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?

Looking for a great home in the area?

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


         The 'Blog Dog' gives market 'pawspective'.

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.

Bartlett IL Homes Market Update by Price Range June 2009 ©2009 TheBlogDog.net and Lyn Sims