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Update on Current Real Estate Conditions in Palatine Illinois

By
Real Estate Agent with Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS

Update on Current Real Estate Conditions in Palatine Illinois (home sale, property, land statistics)

This update is as of of December 10, 2012.  Currently - there are 175 single family homes on the market, ranging in price from $75,000 to $1,590.000.  As compared to my post in March when there was 213 single family homes on the market ranging in price from $100,000 to $1,780,000. 

During the past month 26 properties closed - ranging in price from $114,000 to $509.000 as compared with 18 properties that closed in March.

In the townhome and condo market in Palatine, there are currently 197 listed properties as compared to 326 listed properties in March -- ranging in price from $27,900 to $1,990,000.

During the past month - 48 properties closed compared to 43 in March, ranging in price from $21,000 to $550,000 versus  $32,000 to $240,000 in March.   Many of the sales on the low end were short saleor foreclosure property purchases.

If you would like to learn more about the Palatine Illinois area or more about market statistics in Palatine, feel free to call 847-566-7558 or visit the Palatine home search area of our web site.

As a first time home buyer - you have the peace of mind you need to make the most important decision of your life.  95% of our past clients are first time home buyers.  They put our trust in us, because we are always on their side - leading them through the process the entire way.

 

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If you are serious about buying a home in the Chicago area within the next 90 days - feel free to contact me. As an Exclusive Buyer Agent / Broker / Realtor (always on the buyer's side - never on the seller's side) I work with a select number of clients - so that I can provide the highest possible level of service as their true buyer's agent.

 

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Certified Negotiation Expert – Buyer Broker Chicago / ChicagolandAccredited Buyer Representative – Buyer Broker Chicago / ChicagolandGraduate Realtor Institute – Buyer Broker Chicago / ChicagolandNAEBA Member – Buyer Broker Chicago / Chicagoland

Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Interesting update on the current real estate conditions in Palatine, Illinois.

Eve in Orlando

Dec 10, 2012 07:03 PM
Rick Hauser
Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS - Hawthorn Woods, IL
ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov

Thanks Eve...  It seems that inventory is decreasing & properties under contract are remaining strong..   I'll be doing for other burbs here as well..,. Always nice to have data points that could be used in negotiation (in this case - not - unless it was segmented down to a price range that made things appear worse for the seller or some other tweak)  

Dec 11, 2012 05:21 AM