Streamwood Illinois Market Update by Price Range - July, August, September 2009

Diligently trying to keep both buyers and sellers educated on the local Streamwood Illinois Home Sales and housing market has been my goal with regular posts. 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 just slightly and is encouraging news!

Is it the $8000 Tax Credit?  Is it the lower interest rates?  Or maybe just great values in the area?

For the Streamwood Illinois Home Sales from July to September 2009 you can clearly see that over 82% of the closed sales have been under the $200,000 price range.  The lowest sales price was $79,500 and the highest sales price was $557,000.

Average Days on the Market for these sales is 169 and the listing to sales price is 5%.

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 many other buyers also in your price range all looking for that 'deal.'  I would recommend that you consider Streamwood a real value and a great place to get a home under $200,000 in the Northwest Suburbs.

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 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 homes 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?

Hey Lyn, what about foreclosures?  Of those 66 total sales only 22 were foreclosures and 13 were short sales.  


Market Update April, May, June 2009


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' give you the Streamwood Market Pawspective!




I sell 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, my little calculator and golf pencil.

Streamwood Illinois Market Update by Price  ©2009 TheBlogDog.net and Lyn Sims