Northwestern Cook County Market Summary

I have been following along with interest over the last few months the Chicago Tribune and the ‘Price Pulse’ real estate sales snapshot.  This article in particular is for comparisons of August thru October 2008 and August thru October 2007.   This is for my areas and communities that I cover in Northwestern Cook County only.

It mentions changes in median housing prices either an increase, no change (or no sales), or a decrease.  Now let’s go over what a median house price is – ½ the homes sold for more and ½ the homes sold for less.

Arlington Heights    ▲    $328,250

Elgin    ▼    $172,000*

Elk Grove Village    ▼   $252,500

Hoffman Estates    ▼    $287,500*

Inverness    ▼    $595,000

Palatine    ▲    $245,000*

Rolling Meadows    ▼    $210,000

Roselle    ▼    $215,000*

Schaumburg    ▼    $222,000

South Barrington    ▼    $782,750

Streamwood    ▼    $196,000

*Palatine showed zero sales in Lake County;  Bartlett was not added for Cook;   Hoffman Estates was not added for Kane;  Hanover Park was the same number in both Cook and DuPage which is suspicious.

This just gives you a casual idea of what is going on in the real estate market of your particular community.  I think it offers much better information on market trends than a website like Zillow where they try and give your home a ‘free Zestimate’.  Notice that the words ‘guess and estimate’ are blended together for nothing more than a computer generated guess.  You might also ask your Ouija Board or Magic 8 Ball for the same answers.

 
If you are thinking of selling your home soon (or purchasing a home) in these areas, please give me a call for an up-to-date market evaluation of your home.   I have all the current MLS data at my finger tips.

  Lyn Sims at (847)230-7324 RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately

 All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

* Also in another county.

Sources:  Data supplied by Record Information Services which is responsible for data accuracy.   Chicago Tribune/House & Homes/Sunday March 1, 2009