bartlett IL real estate,bartlett homes,blog dog,Slow and Steady goes our Northwest Suburban Real Estate Market for the 10th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings. For the month of January, Bartlett Single Family Home closings are now 25% above last year and Bartlett Multi-Family are now up 20% over the same period.  

For Bartlett there are still no price gains calculated with foreclosures still leading the way in current sales.  What is promising is that in a few different surrounding markets the average sales prices are now going up.  If all goes well, our next trend will be for prices to finally level off and slight increases to begin for Bartlett. This also would have to take into account how much inventory we have going into spring and we currently are holding near 6.5 months supply (excellent).  We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through the next few months.

My summary shows slow growth and first time home buyers or investors have decided to jump in the market to snatch up all those townhouses and condos we've got. It's a good idea for investors as most sales prices will equal a positive cash flow.

Bartlett Home supply declined (great) for January at 6.5 months from December's 10.5 months.  Homes under contract was 11% of inventory which was a 83% over last year.

Single Family Homes January 2012 Total +/- over December 2012
YTD Total		 % YOY Change Avg. Sales Price 2012 Avg. Days
on Market 		Highest
Sales
Price
Bartlett 16
Down 		16 +33% $255,682 172 $450,000
Elk Grove Village 14
Down 		9 +12% $223,034 229 $400,000
Hanover Park 11
Down 		11 +10% $116,455 91 $180,000
Hoffman Estates 16
Down 		16 0% $242,569 79 $467,000
Schaumburg  15
Down 		15 +36% $221,144 145 $429,900
Streamwood 17
Down 		17 +41% $115,213 85 $356,000


Multi-Family
Homes
  January
2011 YTD Total +/- over December		 2012 YTD Total % YOY Change Avg. Sales Price
2012		 Avg. Days
on Market 		Highest
Sales
Price
Bartlett 6
Down 		6 +20% $89,400 202 $155,000
Elk Grove Village 7
Down 		7 +16% $55,200 41 $90,000
Hanover Park 12
Down 		12 +140% $75,384 172 $205,000
Hoffman Estates 15
UP 		15 +114% $71,482 138 $220,000
Schaumburg  35
Down 		35 +75% $95,366 157 $352,500
Streamwood 12
UP 		12 +33% $108,446 247 $227,000



bartlett IL real estate,bartlett homesLooking for an agent that knows this fluctuating market?  Give me a call to discuss your housing situation and needs.

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Bartlett IL Real Estate ~ Bartlett Homes ~ RE/MAX Suburban

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