Well lately
we’ve heard some media buzz that improvement is happening in
the Elk Grove Village Market and I just wanted to let
you know that YES –
it seems to be true!
So for the 1st quarter of 2009 .............. we’ve had 16 properties close – YIPPEE.
The graphs show
us that obviously
the first time buyers are spurring along the market in the lower price
ranges.
The majority of sales over 65% were
under $300,000. Also for those concerned, none were marked
foreclosures and 3 were marked short sales.
Our MLS allows us to differentiate these from regular
closings. The
lowest
sales price was $187,000 which is
such a great deal for a 3BR home in Elk Grove Village!
This graph is of the single family homes that have sold during the last half of 2008. Over 59% have sold below the $300,000 price range.
There are currently 58 homes for sale below $300,000 available in Elk Grove Village. Think you might want to start looking?
Lyn Sims (847)230-7324 at 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
Elk Grove Village, Hoffman Estates, Schaumburg, 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.
Sources: MRED MLS of Northern IL
Disclaimer: 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.
Elk Grove IL Real Estate Market Update - April 2009 ©2009 Lyn Sims - RealEstateConsumerInfo.com and RealEstateBuyMe.com
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