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Northern Illinois Real Estate - Palatine Market Statistics for May 2011

By
Real Estate Agent with Keller Williams

 

Palatine train station

 

Palatine Illinois

The market statistics for home sales in Palatne IL for the month of May 2011

The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is up vs last month for detached homes and the same for detached homes.  Sales this month over last month is up for single family homes and up for attached single family homes.  Our average LP of sold homes is up for single family homes and down for attached single family homes.  Average Sale Price of homes sold is up for single family homes and down for attached single family homes, and our LP/SP ratio is up for single family homes and up for attached homes.  The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and down for attached single family homes in Palatine in the last months over April 2011 market times.

The homes that are selling in Palatine  area are lower in price this year over last for single family detached homes and attached homes

If you would like clarification of these figures or if you want to take advantage of this once in our lifetime market great for first time home buyers, investors or anyone moving up, look at our website http://www.homesbyjulieanne.com/ and search for homes available in the Barrington, Deer Park, Lake Zurich, Palatine  and surrounding areas.  We also list many foreclosure, REO and Short Sale listings.  Or contact us and we will help you find the best home for the money or sell your home in the Barrington, Deer Park, Lake Zurich, Palatine and surrounding areas at the highest price possible in this market.

04/01/2011- 04/30/2011   5/1/2011-5/31/2011  
           
           
Sold#     Sold#    
Detached homes

  18

  Detached homes

22

 
Attached homes

35

  Attached homes

38

 
           
Avg LP Sold     Avg LP Sold    
Detached homes

337493

  Detached homes

350086

 
Attached homes

119869

  Attached homes

89760

 
           
Avg SP     Avg SP    
Detached homes

312428

  Detached homes

333859

 
Attached homes

112348

  Attached homes

85508

 
           
SP/LP Ratio     SP/LP Ratio    
Detached homes

93%

  Detached homes

95%

 
Attached homes

94%

  Attached homes

96%

 
           
Avg MT Sold     Avg MT Sold    
Detached homes

200

  Detached homes

209

 
Attached homes

225

  Attached homes

169

 
           
Absorption Rate        
           
Palatine Current Inventory of Homes On Market:
Detached homes

354

         
Attached homes

663

         
           
Homes Selling Per Month:      
Detached homes

22

         
Attached homes

38

         
           
Palatine Currently Has:    
Detached homes

18

Months of Inventory Active now  
Attached homes

18

Months of inventory Active now  
           
           
*Information compiled from the MLS, not guaranteed    

 

     

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Posted By:  Julie Anne - The Julie Anne Real Estate Team at Keller Williams Success Realty

Northern Illinois Real Estate Agent - Barrington - Deer Park Real Estate Expert and surrounding areas

847-370-4509   julie@homesbyjulieanne.com

What is my homes value?              Homes for sale in Northern Illinois, Barrington Homes for Sale - Deer Park Homes for Sale

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