schaumburg: Schaumburg Condo's - Market Update 11/30/2007 - 11/29/07 05:32 PM
While the estimated inventory has gone up to 17 months based on the number of closings over the past 3 months you can see there is a large increase in condos that are under contract. This is a very good sign that the amount of inventory will be reduced over the next couple of months. If this trend continues you will see homes selling faster and for higher prices.  Currently on the Market: 122Currently Under Contract: 43   Closed in the last 90 Days: 21 Est. Inventory: 11 Months Lowest Price: $89,500 (Studio)Highest Price: $399,000Last Market Update: 12/12/06, 10/04/06, 09/05/06, 07/23/06 
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schaumburg: Schaumburg Condo's - Market Update - 12/12/06 06:41 AM
While the estimated inventory hasn't gone up (still 11 months) there has been a large drop in the number of condos under contract. This will mean less closings over the next 2 months and an increase in teh months of inventory. We will watch this as it could be a sign of a slowing market.  Compared to last month things still look very good for the condo market in Schaumburg.
Currently on the Market: 92 Currently Under Contract: 13  Closed in the last 90 Days: 25 Est. Inventory: 11 Months Lowest Price: $95,500 (Studio)Highest Price: $272,900Last Market Update: 10/04/06, 09/05/06, 07/23/06 
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schaumburg: Schaumburg - Single Family market update - 12/12/06 06:34 AM
The market has continued to slow a little over the past 2 months and we are now up to a 15 month inventory. The next month or two will remain slow, but the spring market should help clear out some of the inventory.   Currently on the Market: 193 Currently Under Contract: 25   Closed in the last 90 Days: 38  Est. Inventory: 15 Months Lowest Price: $262,500 Highest Price: $1,199,000Past Market Updates: 10/04/06, 09/05/06, 07/23/06 
Visit Suburban House Hunters for more information about Schaumburg Real Estate including a free mls search that includes all homes on the market.
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schaumburg: Schaumburg - Single Family market update - 10/03/06 06:31 PM
The single family market in Schaumburg, IL has slowed in the last few months. There has been a 4 month increase in inventory in just the last month. The main reason for this is a very large decrease in closed homes over the last 90 days. This was expected as in last months update there was a very large decrease in homes under contract.  Currently on the Market: 236 Currently Under Contract: 33  Closed in the last 90 Days: 49  **Down from 74, this is a very large reduction**Est. Inventory: 14 Months Lowest Price: $259,000 Highest Price: $1,250,000Past Market Updates: 09/05/06, 07/23/06 
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schaumburg: Schaumburg Condo Market Update - 10/03/06 06:23 PM
Here is a quick overview of the condo market in Schaumburg, IL. There are currently 3 months more inventory on the market now then one month ago. This is do to a slow down in closings, not increased inventory. There is actually less condos on the market today than one month ago.  Compared to last month things still look very good for the condo market in Schaumburg.
Currently on the Market: 107 Currently Under Contract: 31 Closed in the last 90 Days: 29 Est. Inventory: 11 Months Lowest Price: $95,500 (Studio)Highest Price: $272,900Last Market Update: 09/05/06, 07/23/06 
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schaumburg: Schaumburg Condo Market Update - 09/05/06 08:53 AM
Here is a quick overview of the condo market in Schaumburg, IL. There currently is a heathly level of condos on the market. 
Compared to last month things still look very good for the condo market in Schaumburg.
Currently on the Market: 111 Currently Under Contract: 22 Closed in the last 90 Days: 41 Est. Inventory: 8 Months Lowest Price: $103,900 Highest Price: $274,900Visit Suburban House Hunters for more information about Schaumburg Condos including a free mls search that includes all condos onthe market.
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schaumburg: Schaumburg - Single Family market update - 09/05/06 08:49 AM
Been a little over a month sense the last update so here is more current information. Here is a quick overview of the single family market in Schaumburg, IL. 
Currently on the Market: 241 Currently Under Contract: 35 **huge reduction from last month** Closed in the last 90 Days: 74 Est. Inventory: 10 Months Lowest Price: $259,000 Highest Price: $1,250,000While the estimated inventory is lower based on the closings for the last 3 months the number that really stands out is "Currently Under Contract". With a reduction from 65 down to 35 homes under contract that means there are only about half as many homes selling as there was a month ago. This is a major … (0 comments)

schaumburg: Schaumburg - Single Family market update - 07/23/06 04:39 AM
Here is a quick overview of the single family market in Schaumburg, IL. There current market for single family homes is now over a years worth of inventory. If the inventory becomes larger we might start to see a true buyers market.
Currently on the Market: 248 Currently Under Contract: 65 Closed in the last 90 Days: 55 Est. Inventory: 13 Months Lowest Price: $247,900 Highest Price: $924,900Visit Suburban House Hunters for more information about Schaumburg Real Estate including a free mls search that includes all condos onthe market.
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schaumburg: Schaumburg Condo Market Update - 07/23/06 04:31 AM
Here is a quick overview of the condo market in Schaumburg, IL. There currently is a heathly level of condos on the market. 
Currently on the Market: 114Currently Under Contract: 28Closed in the last 90 Days: 38Est. Inventory: 9 MonthsLowest Price: $111,900Highest Price: $257,900Visit Suburban House Hunters for more information about Schaumburg Condos including a free mls search that includes all condos onthe market.
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schaumburg: $1.1 billion STAR Line project - 07/16/06 04:44 AM
Metra is pushing forward with trying to get federal New Start grants to pay for planning and developing the rail service. This $1.1 billion project is still at least 8-10 years out before commuters will be able to take their first train ride from the northwest and southwest suburbs.
The proposed STAR Line route would run from O'Hare International Airport along the Northwest Tollway with stops in Des Plaines, Elk Grove Village, Arlington Heights, Rolling Meadows, Schaumburg and Hoffman Estates. The route would then turn south along the Elgin Joliet & Eastern Railway, with nine stops on the way to Joliet.
With growing traffic and … (0 comments)

schaumburg: Village want new Census - 07/16/06 04:33 AM
The Village of Schumaburg wants a new census done. The village has requested the Census Bureau conduct a special census in Schaumburg, targeting only the new developments in town such as Lion's Gate, Olde Towne Rowhouses, The Cloisters, along with several others.
They feel that the U.S. Census Bureau bases its estimates on factors from the last complete census, taken in 2000, and that residents of new housing developments have not been included. This has caused the current census to show Schaumburgs population to have dropped from 73,309 in 2004 to 72,805 in 2005, according to the Census Bureau even with … (1 comments)

schaumburg: Schaumburg Real Estate - 07/16/06 04:12 AM
The Suburban House Hunters website has some great resources for Schaumburg real estate, relocation, and condos. If you are interested in buying a home in Schaumburg we have created a one stop shop for all of your needs including a free mls search that includes ALL listed properties. That is different than most searched offered in our are that only show 60-70% of the homes and of those many don't have addresses. We hope that our resources will help make your home buying or selling process a smooth one.
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schaumburg: Condo Market Update - 07/05/06 10:00 AM
Here is a quick update as of 07/05/06 for Schaumburg, IL attached housing market. This includes condos, town homes, manor homes, quads, and coach homes.
Homes listed - 368
Under Contract - 98
Closed in the last 90 days - 154
If it takes 90 days for 154 homes to sell then we have 215 days of inventory on the market today. That means if nothing new is added and home sales stayed the same as the last 90 days that it would take over a half year to sell every home that is currently listed. The one bright spot is that there are 98 homes under contract and … (0 comments)

schaumburg: Single Family Market Update - 07/05/06 09:57 AM
Here is a quick update as of 07/05/06 for Schaumburg, IL single family homes.
Homes listed - 232
Under Contract - 50
Closed in the last 90 days - 66
If it takes 90 days for 66 homes to sell then we have 316 days of inventory on the market today. That means if nothing new is added and home sales stayed the same as the last 90 days that it would take about a year to sell every home that is currently listed. The one bright spot is that there are 50 homes under contract and that might help increase the sales pace a little.
This helps show … (0 comments)

schaumburg: 06/27/06 Market Update for Schaumburg - 06/27/06 10:54 AM
As of 6/27 there are 103 condos on the market with a price range of $100,000 up to $284,900. These condos range in size from a studio up to a 3 bedroom 2 bath condo with a garage.
There are also 190 townhouses onthe market with a price range of $155,000 up to $729,900. These range from a 2 bedroom townhome up to a luxury 2 bedroom 3 and 1/2 bath townhome with almost 3,000sq feet of living space.
There are currently 225 single family homes on the market with a price range of $247,900 up to $924,900. These homes vary in size … (1 comments)

schaumburg: Star Smith - 06/26/06 04:51 AM
Hi my name is Star Smith and I am part of the Suburban House Hunters Team. I am an licensed REALTOR(R) and and our team's office is in Palatine, Illinois. I work the Northwest suburbs and only work residential real estate. If you have any questions about the real estate market in Schaumburg or any other NW Suburban market feel free to contact me. … (0 comments)

 

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Schaumburg, IL

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