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Lake Zurich Illinois Real Estate Market Statistics for January 2009

By Julie Anne

Real Estate Agent with Keller Williams

February 15, 2009 02:11 AM

Pond in Chasewood North Subdivision, Lake Zurich Illinois

The market statistics for home sales in Lake Zurich IL for the month of January 2009.

The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down vs last month and sales this month over last month up for single family homes and up for attached single family homes. Our average LP of sold homes is down a little for single family homes and up for attached single family homes. Average Sale Price of homes sold is down for single family homes and up for attached single family homes, but our LP/SP ratio is about even for single family homes and down for attached single family homes in Lake Zurich. The average market time for homes sold in Lake Zurich IL 60047 zip code has gone up for single family homes in Lake Zurich and up for attached single family homes in Lake Zurich in the last month over December 08 market times.

The homes that are selling in Lake Zurich area are higher in price this year over last for single family detached homes but attached homes are down, the same as last months figures.

If you would like clarification of these figures or if you want to take advantage of this once in our lifetime market great for first time home buyers, investors or anyone moving up, look at our website http://www.homesbyjulieanne.com/ and search for homes available in the Barrington, Deer Park, Lake Zurich, Palatine and surrounding areas. Or contact us and we will help you find the best home for the money or sell your home in the Barrington, Deer Park, Lake Zurich and surrounding areas at the highest price possible in this market.

12/01/2007 - 12/30/2007		12/1/2008-12/30/2008


Sold#			Sold#
Detached homes	10		Detached homes	6
Attached homes	9		Attached homes	4

Avg LP Sold			Avg LP Sold
Detached homes	345648		Detached homes	402580
Attached homes	278878		Attached homes	298100

Avg SP			Avg SP
Detached homes	387000		Detached homes	391916
Attached homes	280156		Attached homes	284125

SP/LP Ratio			SP/LP Ratio
Detached homes	94%		Detached homes	97%
Attached homes	94%		Attached homes	95%

Avg MT Sold			Avg MT Sold
Detached homes	134		Detached homes	159
Attached homes	279		Attached homes	42

Absorption Rate

Lake Zurich Current Inventory of Homes On Market:
Detached homes	159
Attached homes	41

Homes Selling Per Month:
Detached homes	12
Attached homes	5

Lake Zurich Currently Has:
Detached homes	13	Months of Inventory Active now
Attached homes	8	Months of inventory Active now


*Information compiled from the MLS, not guaranteed