The Real Deal

Watch Out Schaumburg Homeowners!

November 22, 2009 in Real Estate - local markets, Schaumburg | Tags: Schaumburg, schaumburg homes for sale, Schaumburg real estate | by Matt Hernacki | Leave a comment

The village is coming for some more of your money. It seems that the government (from the top and now down to the local community level) can’t cut spending, and only wants to tax their way out of their financial problems.

One of the biggest pluses to buying a home in Schaumburg is the low property taxes. Schaumburg homeowners have never been taxed by the village due in part to the large revenues generated by Woodfield Mall. With the bad economy, the village is now considering a local property tax according to the Daily Herald! It has been 53 years without a village property tax on Schaumburg Real Estate and now it seems like all forces are aligned to impose one.

If you live in Schaumburg, fight to keep it the way it is before you lose a great selling point. This is one of the major reasons people buy a home in Schaumburg along with great schools and a great location.

Cary, Illinois Real Estate Update

November 22, 2009 in Cary, Real Estate - local markets | Tags: Cary homes, Cary Real Estate, cary townhomes | by Matt Hernacki | Leave a comment

Cary Illinois homes for sale

Single Family
Active listings: 199
Under contract: 34
Sold & Closed: 140
Average days on market: 241

Condo/Towhomes
Active listings: 50
Under contract: 9
Sold & Closed: 39
Avg days on market: 195

You may have thought we forgot about these updates for Cary Real Estate in Illinois. It has been a very busy year keeping up with first time buyers getting their tax credit, and working through short sale and foreclosure transactions for our buyers and sellers of Cary homes. To date this year, condos and townhomes in Cary are a bit behind in number of sales compared to 2008. However, more Cary single family homes have already closed this year than all of last. The extension and expansion of the tax credit should help keep things going.

Cary can also now boast that it has the lowest number of foreclosures for all of McHenry’s larger towns. This was just published by the Woodstock Institute. That shows the stability that Cary Real Estate offers.

Data from MRED MLS from 1/1/09 – 10/31/09 for closed listings.

LISTED: Want Land? Almost an Acre in McHenry

November 19, 2009 in Just Listed, Real Estate - local markets | Tags: McHenry homes, McHenry listings, McHenry Real Estate | by Matt Hernacki | Leave a comment

Want land? This is a rare property – almost an acre, 100×400 with in town location & convenience! Gorgeous lot. Home has been updated with brand new carpet throughout and has been freshly painted too. Fireplace, ceiling fan, all appliances included. Patio and 12×16 shed. 2 car wide driveway. Exterior freshly painted too! Near train and shopping. 813 N Lillian, listed for $170,000. Full listing. Take a Tour.

Lake Zurich Homes – Real Estate Update

November 17, 2009 in Lake Zurich, Real Estate - local markets | Tags: Lake Zurich, lake zurich homes for sale, lake zurich real estate, Lake Zurich townhomes | by Matt Hernacki | Leave a comment

Lake Zurich, IL water tower

Single Family
Active listings: 180
Under contract: 24
Sold & Closed: 149
Average days on market: 343

Condo/Towhomes
Active listings: 35
Under contract: 3
Sold & Closed: 27
Avg days on market: 191

Lake Zurich homes have been at the mercy of this buyer’s market for most of 2009. While the first time homebuyer tax credit has kept the market going this year, it looks as though Lake Zurich will see about the same amount or a little fewer overall sales and activity it did during 2008. That being said, there have been consistently more and more home in Lake Zurich going under contract which is a good improvement. If you’re considering buying a home or townhome in Lake Zurich, now is a great time.

Data from MRED MLS for 1/1/09 – 10/31/09 closed listings.

Arlington Heights Homes – Market Update

November 16, 2009 in Arlington Heights, Real Estate - local markets | Tags: Arlington Heights condo for sale, Arlington Heights homes for sale, Arlington Heights real estate, Arlington Heights townhomes | by Matt Hernacki | Leave a comment

Arlington Heights Metra station

Arlington Heights Homes and Real Estate: Market Update

Single Family
Active listings: 325
Under contract: 76
Sold & Closed: 319
Average days on market: 241

Condo/Towhomes
Active listings: 390
Under contract: 57
Sold & Closed: 246
Avg days on market: 287

Arlington Heights Real Estate will have about the same type of year in 2009 as it did in ‘08 according to the numbers above. Townhomes and condos in Arlington Heights will have about the same number of closed sales while single family homes may come up a bit short of the 08 numbers, but be very close. Arlington Hts has weathered the storm of the down market a little better than many surrounding suburbs. Prices here have not been hit as hard as in many other areas. We’d still like to see higher property values of course though. If you’re considering buying, this is the time to take advantage of the prices.

Data is courtesy of MRED MLS and covers 1/1/09 – 10/31/09 for closed listings.

Roselle Homes – Real Estate Update

November 14, 2009 in Real Estate - local markets, Roselle | Tags: roselle homes, Roselle Real Estate, roselle townhomes | by Matt Hernacki | Leave a comment

Roselle Metra train station

Single Family
Active listings: 109
Under contract: 30
Sold & Closed: 80
Average days on market: 222

Condo/Towhomes
Active listings: 128
Under contract: 28
Sold & Closed: 81
Avg days on market: 298

Roselle Real Estate has continues to see the same activity it did in 2008 this year. Roselle home sales will probably end up with about the same amount of closings this year. There has been increased buyer activity on first time buyer type properties. And as prices have fallen, more buyers have decided the time is right to take advantage of it. If you’re considering a home, townhome, or condo purchase in Roselle there may not be a better time for years to come than now.

Data from 1/1/09-10/31/09 for closed listings, courtesy of MRED MLS.

SOLD: Carol Stream Short Sale

November 14, 2009 in Just Sold, Real Estate - local markets | Tags: carol stream real estate, carol stream townhome for sale | by Matt Hernacki | Leave a comment

: 1185 Scott Court, Carol Stream

It is a tiny picture of a good sized townhome! This buyer made out on a short sale purchase because of all her patience. If you have time on your side, and can keep from getting attached until final approval you may want to consider a short sale. There are many ups and downs to this type of transaction, and we will work through them with you. Search from all area listings here.

Crystal Lake – Real Estate Market Update

November 10, 2009 in Crystal Lake, Real Estate - local markets | Tags: Crystal Lake homes, Crystal Lake Real Estate, crystal lake townhomes | by Matt Hernacki | Leave a comment

Welcome to Crystal Lake sign Crystal Lake Homes and Real Estate

Single Family
Active listings:   472
Under contract: 110
Sold & Closed: 387
Avg days on market: 255

Condo/Towhomes
Active listings: 153
Under contract: 28
Sold & Closed: 81
Avg days on market: 226

Crystal Lake homes for sale have already seen better results over 2008 this year. More single family homes have already closed in 2009 thand in all of ‘08. Townhomes and condos in Crystal Lake are not to the number of closings they had last year yet. There are double the number of under contract listings for all types this year which is a nice improvement. If that number continues to increase, we’ll be on our way to a more normal market. So there is still time for buyers to take advantage of low prices, low rates, and that generous tax credit that has been extended.

This data comes courtesy of MRED MLS and reflects activity from 1/1/09 – 10/31/09

Homebuyer Tax Credit Info

November 9, 2009 in First Time Buyers, Tricks and Tips | Tags: 8000 tax credit, First Time Buyer tax credit, tax credit | by Matt Hernacki | Leave a comment

Came across a good reference for tax credit questions and information put together by the NAHB. This breaks it down so it is easy to understand and you’ll be able to tell if you qualify right away. Check it out here.

Palatine Homes – Market Update

November 7, 2009 in Palatine, Real Estate - local markets | Tags: Palatine homes, Palatine Real Estate, Palatine townhomes | by Matt Hernacki | Leave a comment

Palatine train station

Market Update for Palatine Homes and Real Estate – 11.7.09

Single Family
Active listings: 276
Under contract: 49
Closed: 252
Avg days on market: 249

Condo/Coach home
Active listings: 340
Under contract: 68
Closed: 213
Avg days on market: 235

Townhome
Active listings: 194
Under contract: 46
Closed: 193
Avg days on market: 203

It has been a busy year for the MisterHomes Group in Palatine. So it is just now that I am able to post a new Palatine market update. We plan to have these for you much more regularly in the coming months and years. 2009 showed slight improvements over ‘08 for Palatine Real Estate to date. In fact, townhomes in Palatine have done very well, there have already been more closed than in all of 2008. That is most likely due to the first time buyer tax credit and fantastic prices. Palatine single family homes have done about the same or slitghtly better than 2008 so far. Condos in Palatine continue to be a challenge (just like everywhere else) due to tougher financing guidelines and because they were overbuilt during the Real Estate boom early this decade. Prices for all property types continue to be low and market times high, but there are finally more sales this year which is a first step toward a better market for Palatine Real Estate.

This data comes courtesy of MRED MLS and covers 1/1/09 to 10/31/09.