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Palatine Illinois Real Estate Market Statistics for December 2008

By
Real Estate Agent with Keller Williams

 Deer Grove Forest Preserve Palatine IL

The market statistics for home sales in Palatine IL for the month of December 2008

The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is up vs last month and sales this month over last month down for single family homes and also for attached single family homes.  For 07 vs 08 our average LP of sold homes is up for single family homes and the same for attached single family homes.  Average Sale Price of homes sold is up for single family homes and up for attached single family homes, but our LP/SP ratio is down about the same.  The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and up for attached single family homes in Palatine in the last month over November 07 market times.

The homes that are selling in Palatine  area are higher 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.  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.

11/01/2007 - 11/30/2007   11/1/2008-11/30/2008  
           
           
Sold#     Sold#    
Detached homes

     13

  Detached homes

11

 
Attached homes

40

  Attached homes

21

 
           
Avg LP Sold     Avg LP Sold    
Detached homes

455939

  Detached homes

459836

 
Attached homes

188007

  Attached homes

183838

 
           
Avg SP     Avg SP    
Detached homes

435392

  Detached homes

426027

 
Attached homes

188007

  Attached homes

172311

 
           
SP/LP Ratio     SP/LP Ratio    
Detached homes

95%

  Detached homes

93%

 
Attached homes

96%

  Attached homes

94%

 
           
Avg MT Sold     Avg MT Sold    
Detached homes

200

  Detached homes

210

 
Attached homes

115

  Attached homes

160

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

287

    -6%      
Attached homes

483

    +15%      
           
Homes Selling Per Month:      
Detached homes

7

    -68%      
Attached homes

20

    -68%      
           
Palatine Currently Has:    
Detached homes

41  

Months of Inventory Active now  
Attached homes

24  

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

847-620-5815   julie@homesbyjulieanne.com

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