Bartlett IL Homes - Bartlett IL Real Estate - February 2012 Market Report
How to describe this market for Bartlett IL Homes? Sluggish for 
some, erratic for others and totally unpredictable both for buyers and sellers.
Sales have been steadily increasing with the low end of the market being the most active. Buyers are still going after the lower priced foreclosures which offer the best value. There have not been many sales taking place over the $300,000 range which I would consider the 'move up' buyer.
| Dec 2011 | Jan 2012 | Feb 2012 |
| 7.5% | 10.8% | 11.2% |
| Dec 2011 | Jan 2012 | Feb 2012 |
| $224,950 | $255,000 | $210,000 |
What's positive about the market in Bartlett? It's been fairly steady from the number of homes that go under contract each month to the average sold prices. Sales are increasing slowly. In many surrounding towns there are extreme changes in the inventory, sales numbers, average prices each month.
Don't forget that during this whole 2011 year the lower end homes are selling first which brings down the average prices for the whole market. The more foreclosures entering with the lower prices makes the cycle continue. Buyers are being 'enticed' by all the REO's and foreclosures because why should they buy the same home for $30,000 more?
Move-up buyers have been wanting to move up to a larger home and also take advantage of the interest rates and great prices. Just one problem - they can't sell their current home. Same conditions for people that want to down size.
| Dec 2011 | Jan 2012 | Feb 2012 |
| 10.2% | 9.7% | 16.2% |
| Dec 2011 | Jan 2012 | Feb 2012 |
| $142,700 | $77,500 | $110,000 |
If you are thinking of buying a Bartlett IL 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 Bartlett IL Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.
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Sources: MRED, Agent Metrics
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