Roselle Illinois Closed Home Market Update by Price Range - March 2009
Always trying to keep both buyers and sellers informed on the local Roselle housing market has been my goal for many years.
There have been 17 total sales with the lowest price of $150,000 for a 3BR home. I'm sure you'll agree that's a great deal for Roselle! Why am I not enthusiastic on the overall sales? Because the Roselle Market is lagging way behind the sales of other surrounding areas. Homes in Roselle are not selling as they should be and are down 55% from the 2nd half of 2008.
Another market oddity is that there was only 1 sale between the $201,000 to $250,000 price range. There were more BELOW the $200,000 mark. No sales at all between $350,000 to $500,000.
Out of the 17 sales for 2009 - 3 were marked as foreclosures and 3 were marked as short sales. We are able to differentiate those sales in our MLS. Just wanted to point out the true numbers that you might not be aware of because of all the media hype over the national foreclosure statistics.
How can you use this information if you are a buyer? The price range that you are thinking of purchasing in, is it one of the more active price areas of the market? It would be ideal if it was.
How can this information help a seller? If you are planning on selling your home soon, you can see which price ranges are the most active. Clearly the price range above $350,000 has been very slow and very few sales have occurred. You might have to plan accordingly for extra market time. As a seller you have to be sure that your home is ‘spot on’ in a market like this. Some extra updates and staging might be required before you put your home on the market to make you more competitive.
So for the Roselle Home Sales for January to March 31st, 2009 you can clearly see that over 64% of the closed sales have been under the $300,000 price range.
The following graph provides closed sales in Roselle from July to December 31st, 2008
Looking for a great home in a great area? Want to see some homes?
There are currently 21 selections under $250,000 available Roselle and I bet a few of them are some really great deals!
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 Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles, Hoffman Estates, Schaumburg, Elk Grove Village and more importantly, want to work with a local area expert, contact me immediately.
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.Resources: MRED MLS of Northern IL
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