Roselle IL Home Sales by Price Range - October 2009

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

Diligently trying to keep both buyers and sellers educated on the local Roselle Illinois Home Sales and housing market has been my goal with these 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 giving encouraging news!

35% over the last 3 months!

Isn't the $8000 Tax Credit making a difference?  Isn't the lower interest rates making a difference?  Maybe the great values in the area?

I honestly can't say the reason for this quarterly upswing but for once it's good news that sales are inching forward. Homes in Illinois have made a 3% increase not seen since March 2006!  Average days on the market for closed sales is at 184.  The listing price to selling price ratio is 5% which means the amount that a buyer gets off the list price of a house.

Now what I find interesting is a new figure called the 'Sales Price to Old List Price'.  This comes in at 89% which shows that sellers are still putting their homes on the market too high and then coming down and eventually selling.  This is not the market to test a price!  

Currently for the Roselle Illinois Home Sales from July to September 2009 you can clearly see that over 50% of the closed sales have been under the $250,000 price range.  The lowest sales price was $125,000 and the highest sales price was only $650,000.

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.'  Hey that single family home that sold for $125,000 I would call a '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 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, but Roselle has faired well with 5 homes selling over the $400,000 price point.    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 closed 33 total sales only 8 were foreclosures and 2 were short sales.   So much for the media telling you all about all those foreclosures out there.
  

Market Update April, May, June 2009

Townhome Update April, May, June 2009


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          Lyn Sims                  (847)230-7324
                                         RE/MAX Suburban
                            Email:  LynSims@msn.com
                           





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.

Roselle Illinois Market Update by Price  ©2009www.RealEstateConsumerInfo.com - www.RealEstateBuyMe.com  - Lyn Sims