With the encouraging increase in activity the Bloomingdale real estate market and surrounding markets have seen, we think 2008 is going to be a good year.
There is no denying that the housing market was not what it has been in the past but things are changing for the better. Sellers realize they have to do a little more preparing and sprucing up of their homes before putting them on the market. They are a lot more realistic about their asking price and their negotiating price. There is no more "take it or leave it" kind of attitudes. Both parties are truly negotiating again!
Real estate agents have to do more than just put a sign in the ground and enter it in the MLS. The successful REALTORS have extensive marketing plans and different kinds of marketing tools they use to result in an attractive and successful contract for purchase.
We are in the best kind of opportunity market. There is still no better investment than a real estate investment so now is a good time to buy, sell and purchase those investments.
Here is a chart of ACTIVE (Single Family) LISTINGS in Bloomingdale and the MARKET TIMES (In days):
Bedrooms | # Active | Avg. LP | Avg. MT |
All | 78 | $545,375 | 178 |
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2 or Less | 1 | $519,000 | 158 |
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3 | 31 | $404,864 | 167 |
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4 | 37 | $601,284 | 164 |
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5 or More | 9 | $802,444 | 272 |
Here are the single family properties that have sold in Bloomingdale since January 1, 2007 to December 31, 2007...
Bedrooms | # Sold | % Sold | Avg LP (Sold) | Avg SP | SP:LP Ratio | Avg MT (Sold) |
All | 105 | 100% | $461,603 | $442,155 | 96% | 154 |
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2 or Less | 4 | 100% | $363,875 | $353,475 | 97% | 183 |
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3 | 33 | 100% | $387,111 | $368,179 | 95% | 117 |
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4 | 62 | 100% | $494,511 | $475,444 | 96% | 170 |
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5 or More | 6 | 100% | $596,417 | $564,150 | 95% | 174 |
The best decision you can make is a well informed and educated decision. We create value by providing you with all the information needed to make that educated decision!
Our goal is to always provide up to date information about the Bloomingdale real estate market. It is important to know about the Bloomingdale homes for sale and Bloomingdale properties to sale.
You can find more information about:
Bloomingdale homes for sale and Bloomingdale properties for sale
Get a Community Report or a Neighborhood Valuation
Or if you are looking to find a home in the Bloomingdale, Glendale Heights, Carol Stream, Dupage County area, please feel free to contact Rick and Lynn Orze of RE/MAX All Pro at 630-339-4022. We would be happy to provide you with information on surrounding communities.
**INFORMATION SOURCE: MULTIPLE LISTING SERVICE OF NORTHERN ILLINOIS (MLSNI)
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