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Lake Zurich Real Estate Market Update May 2018

By
Managing Real Estate Broker with Property Up Inc. #471.017853

Real Estate In Lake Zurich is a balanced market favoring buyers. There is significant amount of homes for sale in Lake Zurich, and buyers are not in a rush to buy yet. There is a 6.98 months supply of inventory on the market in Lake Zurichon May 31, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Lake Zurich last month was 25 days.
It took on average 117 days to sell Lake Zurich Condo, Townhouse or a Duplex.
The number of home sales in Lake Zurich from April 1, 2018 through April 30, 2018 was 31 units. That is 1% above the number of homes sold last month in Lake Zurich.

The average price per square foot in the area is now $137/Sq.Ft, which is 1% a decline from last month.

In Lake Zurich there were 6 units sold in April in the price range between $113,333 – $213,001 with an average of 2.5 bedrooms and 1.2 bathrooms and average Square footage of 1,159SF.

In Lake Zurich there were 18 units sold in April in the price range between $213,002 – $411,333 with an average of 3.2 bedrooms and 2.2 bathrooms and average Square footage of 1,925SF.

In Lake Zurich there were 7 units sold in April in the price range between $411,334 – $510,000 with an average of 3.9 bedrooms and 2.4 bathrooms and average Square footage of 2,554SF.

The middle price range had the most activity. Homes up to $411,333 were on the market on average 35 days and sold an average of $307,527.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Lake Zurich. Search all Lake Zurich homes for Sale on propertyup.com If you are considering viewing Lake Zurich, you may want to do so now!

Posted by

John Herman

Licensed Illinois Managing Broker

Property Up Inc.

Call Now  (847) 847-4711 For Real Estate Service.

 

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