Bloomingdale Homes - What's the market like in September 2010?

Real Estate Agent with RE/MAX Suburban

How to describe this market for Bloomingdale Homes?  Unbelievable!

A now retired agent in my office used to say this to encompassbloomingdale homes,bloomingdale IL real estate, every conceivable change or option and still stay positive!  I'm going to loudly reiterate that phrase to update you on recent Bloomingdale Home sales. But really it's been odd and slow.

Over the last 3 months, inventory for Bloomingdale Homes was climbed from 8.8 months and ending at 15.7 months.  Added inventory is going to make your home take longer to sell (especially going into the winter months).  More inventory is great for buyers but not welcomed obviously as a seller.  Keeps prices down and sellers are competing harder to get buyers attention with either lower prices or incentives.

Percentage of Listed Bloomingdale Homes that go under contract each month.

July August Sept
9% 7% 5%

Real estate is unique with a 60 day lag time between contract and actual closing.  So you could see in the current pending statistics whether activity has increased or decreased.  Despite the numbers shown for September, the pending sales are at the same levels as that of May.  'Steady as she goes but the sales trend is down'.  So much for the tax credit - the final extended closing date for buyers was September 30th.  The numbers now are finally in and my personal opinion on it's success to stimulate the market has been pathetic.

Median numbers on the List to Sales Price Graph are varied because a higher priced property was recently sold to bring the numbers to $490,500.  Most sales taking place are in the first time or lower end of the market which is again seen in the $270,000 number for September.  Move up buyers are not joining in the market possibly because their current home cannot be sold in order to move up (or down) to another home.

bloomingdale homes,bloomingdale IL real estate,

 Interest rates are at an all time low coupled with great prices and values, buyers should be out in droves to take advantage of this opportunity.  If you are thinking of buying a Bloomingdale Home, please consider me as a buyers agent for your purchase. An experienced veteran, like myself, can steer you through the 'mine field' on your way to your first or tenth home!

If you are researching this update to possibly sell your Bloomingdale Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Lyn, We've seen a decline in September as well. I'm getting anxious, I want my listing sold before Christmas!

Oct 13, 2010 01:41 AM #1
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Lyn Sims

Schaumburg IL Real Estate
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