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Hoffman Estates Illinois - Is there an average homebuyer? Where do you fit in among the buyers? Lyn Sims (847)230-7324 RE/MAX Suburban

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lyn sims,buyers agent,re/max suburban,hoffman estates IL real estate,buyers agent,Illinois Homebuyer Snapshot - Where are you?

 

Buyers and sellers continue to trade up, trade down, relocate or purchase a 2nd home.  First time buyers in Illinois accounted for 40% of the market!  Highlights of the typical Illinois Home Buyer from 2006 are:

frist time home buyer,schaumburg il home sale

  • Median age of home buyers was 37 years old. Amoung first time buyers, the median age was 31.
  • Median household income was $73,300 compared to $71,800 in the U.S.
  • 57% of home buyers were married couples, 26% single females (yeah girls!), 8% singles males, and 9% were unmarried couples.
  • First-time homebuyers accounted for 44% of homes purchased in 2006.
  • 62% of first-time buyers were between 25 and 34 years old.
  • Median income of first-time buyers was $59,500 compared to $58,300 amoung all first-time buyers nationally.
  • 62% of homes purchased were detached single family.
  • Typical buyer purchased a home 12 miles from their previous residence.
  • Median price of the home purchased was $225,000 compared to $214,000 in the U.S.
  • Typical buyer purchased a home that was 1,849 square feet in size.
  • Recent buyers plan to live in their home a median of 6 years.

Ahhh .... the search process!

  • Buyers searched for a home for a median 8 weeks and saw a median 11 homes.
  • 87% of buyers used a real estate professional during the home search.  (Hey, just contact Lyn!)
  • 59% of buyers used the internet frequently to search for homes.
  • The typical internet searcher was 36 years old and visited a median 12 homes. The typical home Lyn Sims,re/max suburban,buyers agent,hoffman estates IL real estate,buyer that did not use the internet to search for homes was 46 years old and saw a median of 7 homes.
  • 40% of home buyers first learned about the home they purchased from a real estate professional;
  • 22% first learned about the home they purchased through the internet.
  • 70% viewed the internet as a very useful tool in their home search.
  • 76% of buyers rated real estate agents as a very useful information source.  (One point for Lyn!)
  • 76% of home buyers purchased their home thru a real estate agent.  (Another point for Lyn!)
  • Buyers searched for a median of 2 weeks on their own before contacting an agent. (Just contact Lyn already!)
  • 48% of first-time buyers were referred to their agent by a friend, neighbor or relative.

If you are looking for a home, selling a home or need relocation assistance, please feel free to contact Lyn Sims at RE/MAX Suburban at 847-230-7324.

Lyn Sims,re/max suburban,buyers agent,hoffman estates IL real estate,

 

Hey Lyn, I would like to start my home search now!   Lyn's Email:  LynSims@remax.net

 

Northwest Suburban Real Estate - Hoffman Estates, Schaumburg, Elk Grove Village, Roselle, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Bartlett, Elgin, South Elgin, St. Charles areas.

 

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  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)962-7104
 
 
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