Northwest Suburbs Market Trends - April 2010

What areas are 'jumpin' and which areas are not ......

These are the latest figures for Detached Home Sales for April 2010 in the entire MLS region of Northern Illinois and I wanted to share them with you to give you an idea of current market conditions.  These numbers do include the buyer tax credit incentive so next month it will interesting to see if the numbers are stable or have declined.  We shall see what the crystal ball has to say!

I've just picked areas of interest either peaks or valleys in the market.


Arlington Heights    UP   49 homes sold vs 2009 of 23        113% increase
        Avg Sales Price $342,952   -10.4%

Elk Grove                SAME   9 homes sold vs 2009 of 7        28.6% increase
       Avg Sales Price $210,989   -20%
    
Hoffman Estates     UP    31 homes sold vs 2009 of 8         287% increase
        Avg Sales Price $301,606   +10.3%

Niles                        UP    19 homes sold vs 2009 of 10         90% increase
        Avg. Sales Price of $270,279   -18.7%
    
Palatine                  UP    32 homes sold vs 2009 of 20         60% increase
        Avg. Sales Price of $332,967   -15.8%

Park Ridge              UP     33 homes sold vs 2009 of 24        37.5% increase
        Avg. Sales Price of $446,274   +6.3%

Schaumburg          DOWN    17 homes sold vs 2009 of 21    -19% decrease
        Avg. Sales Price of $295,153   +5.7%

Bartlett                 SAME    14 homes sold vs 2009 of 13       7.7% increase
        Avg. Sales Price of $248,488   -9.8%


Thinking of selling your home?  I try and keep my sellers in the Northwest Suburbs informed with the latest numbers and trends in the market.  If that would be something you would be interested in, please give me a call.


Sources:  RANWC Mo to Date April 2010