Are Homes Selling in Streamwood? January 2018

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Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5b4T

Real Estate Market Update in Streamwood - January 2018

So let me answer your real estate market questions --

What are Prices Doing?  Average sales price ($247,470) has actually increased 30% from are homes selling in StreamwoodJanuary 2017.  Remember that every subdivision is responding differently if and 'when' a home in the area goes on the market. Sellers are now pretty happy with prices or have decided that now is a good time to move. How about you?

With our overall amount of inventory we are in a sellers market. Inventory has increased from 2017 overall. With this overall low inventory (supply & demand) price increases have to be expected.   I would definitely say that the market has had a stall-out with homes taking longer to sell.  The fastest market is never during the winter months.

Homes going under contract have decreased over 2017 by 3%.  Market time for homes going under contract is 92 days. This is definitely confusing isn't it?  Low inventory but yet houses are languishing on the market for over 90 days?

If your home is currently on the market for 30 days or more, buyers have given you feedback on your condition, your price, or your location. With inventory this low there is no reason not to get an offer but buyers are not going to pay your price if you've got too much work or deferred maintenance.  They will gravitate towards another home with a better price or more updates for the price.

 



are homes selling in StreamwoodLook for an agent that can connect the dots.

 

Look for an agent that knows the Streamwood market.


Contact me for questions on your neighborhood and the most current market details so you can make an informed decision.

Hey, want your home to sell faster?  Let my experience help guide you along the way.

 



December 2017 Report

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Topic:
Real Estate Market Trends
Location:
Illinois Cook County Streamwood
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2018 Market Reports
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streamwood il homes

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Rainmaker
2,843,590
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Lynn,  Experience does matter and so does the ability to connect the dots.  30% increase in one year in the Streamwood market ... impressive. 

Feb 26, 2018 01:48 PM #1
Rainmaker
3,318,486
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Low inventory and higher prices....same as what we are experiencing....houses that sit have agents that need experence....or have decided that the Sellers know best in pricing.

Feb 27, 2018 01:31 AM #2
Rainmaker
4,797,927
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Lyn.  Thanks for the information and update about the Streamwood real estate market.

Feb 28, 2018 05:46 AM #3
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Rainmaker
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Lyn Sims

Schaumburg IL Real Estate
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