Hoffman Estates Real Estate Market Update – Last 3 Months

March 8, 2010 in Hoffman Estates, Real Estate - local markets | Tags: , , , | by Dominic Caruso | Leave a comment

Hoffman Estates Real Estate and Homes for sale

 Market Update for Hoffman Estates Homes and Real Estate- last 3 months

02.24.2010

Single Family                                        
Active listings: 177
Under contract: 38
Closed: 35
Avg days on market: 203

Condo/Coach home
Active listings: 79
Under contract: 9
Closed:  13
Avg days on market: 123

Townhome
Active listings: 102
Under contract: 18
Closed:  23
Avg days on market:  148

Hofffman Estates Real Estate has slowed down in the past few months. The market time has gone down which is great!  Hoffman Estates is a great area and nearby everything.  The market for homes in Hoffman Estates will continue to improve and eventually grow.  It is a great first time buyer area as well.  Get out there first time buyers and take advantage of the deals!

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

Hoffman Estates Real Estate and Homes search

Mount Prospect Real Estate Market Update – Last 3 Months

March 8, 2010 in Mount Prospect, Real Estate - local markets | Tags: , , , , | by Dominic Caruso | Leave a comment

Mount Prospect Real Estate and Homes for sale

Market Update for Mount Prospect Homes and Real Estate- last 3 months

02.24.2010

Single Family                                        
Active listings: 209
Under contract: 39
Closed: 43
Avg days on market: 152

Condo/Coach home
Active listings: 135
Under contract: 18
Closed:  18
Avg days on market: 245

Townhome
Active listings: 31
Under contract: 5
Closed:  8
Avg days on market:  101

Mount Prospect Real Estate is steadily selling, it has always been a good area.  The Mount Prospect area is not improving as much as the surrounding area.  There are a lot of deals on condos and townhomes in Mount Prospect.  The reason for that was the boom they had in the downtown areas.   Once there is a good sign of stability in all the markets things will sell fast.  I wish I was in the market to buy now.  Hang in there Mount Prospect!

This data comes courtesy of MRED MLS and covers up to 2/24/2010

Mount Prospect Real Estate and Homes search

Rolling Meadows Real Estate Market Update – Last 3 Months

March 8, 2010 in Real Estate - local markets, Rolling Meadows | Tags: , , , , | by Dominic Caruso | Leave a comment

Rolling Meadows Real Estate and Homes for sale

Market Update for Rolling Meadows Homes and Real Estate- last 3 months

02.24.2010

Single Family                                        
Active listings: 72
Under contract: 16
Closed: 16
Avg days on market: 132

Condo/Coach home
Active listings:  82
Under contract: 15
Closed:  11
Avg days on market: 137

Townhome
Active listings: 23
Under contract: 2
Closed:  5
Avg days on market:  340

Rolling Meadows Real Estate is pretty typical of most of the areas.  The Real Estate market in Rolling Meadows is slow to show a recovery.  The market time for townhomes in Rolling Meadows is 340 days! There are a lot of deals on condos in Rolling Meadows right now.  Once there is a good sign of stability in all the markets things should start to pick up.  I wish I was in the market to buy now.  Hang in there Rolling Meadows Real Estate!

This data comes courtesy of MRED MLS and covers up to 2/24/2010

Rolling Meadows Real Estate and Homes search

Yet Another Government Short Sale Program

March 8, 2010 in Distressed Property, First Time Buyers, Short Sales | Tags: | by Matt Hernacki | Leave a comment

According to the New York Times today, the Obama Administration is floating another new program to spur short sales.  We’ll see if this one has any teeth.  They seem to come out with these programs every few months, but we have yet to see any clients really benefit from them.

Buffalo Grove Real Estate Market Update – Last 3 Months

March 2, 2010 in Buffalo Grove, Real Estate - local markets | Tags: , , | by Dominic Caruso | Leave a comment

Buffalo Grove Real Estate and Homes for sale

Market Update for Buffalo Grove Homes and Real Estate- last 3 months

02.24.2010

Single Family                                        
Active listings: 132
Under contract: 39
Closed: 37
Avg days on market: 145

Condo/Coach home
Active listings: 158
Under contract: 21
Closed:  23
Avg days on market: 192

Townhome
Active listings: 110
Under contract: 16
Closed:  8
Avg days on market:  167

Buffalo Grove Real Estate is on its way to stabilizing. There is definitely an improvement in 2009 over 2008 for the all Buffalo Grove single family and townhomes.  Last year the rate under contract was only about 10%.  There are less on the market now than last year!  Also the market time has reduced which is a great sign of a bottom.  Buffalo Grove is a great area and will soon start to normalize along with the rest of the Northwest suburbs!

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

Buffalo Grove Real Estate and Home search

Barrington Real Estate Market Update – Last 3 months

March 2, 2010 in Barrington, Real Estate - local markets | Tags: , | by Dominic Caruso | Leave a comment

Barrington Real Estate and Homes for sale

Market Update for Barrington Homes and Real Estate- last 3 months

02/24/2010

Single Family                                        
Active listings: 532
Under contract: 62
Closed: 67
Avg days on market: 260

Condo/Coach home
Active listings: 33
Under contract: 3
Closed:  3
Avg days on market: 168

Townhome
Active listings: 58
Under contract: 7
Closed: 4
Avg days on market:  213

Barrington Real Estate is a different market than the normal surrounding areas.  There is less on the market now than a year ago.  The average market time is also down!  Those are both great signs of a bottom!  Real Estate in Barrington doesn’t have many opportunities for the typical first time buyer.  Most of the homes in Barrington are way out of the reach for first time buyers, that is why the activity is slower than normal.  Barrington homes for sale are still very high for single family.  It is a great area and investment for the future.  I can’t believe some of the deals that are going on!!  Once the market stabilizes then this market will follow.

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

Barrington Real Estate and homes search

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Schaumburg Real Estate Market Update – Last 3 Months

February 24, 2010 in Real Estate - local markets, Schaumburg | Tags: , , , | by Dominic Caruso | Leave a comment

Schaumburg Real Estate and Homes for sale

 

Market Update for Schaumburg Homes and Real Estate- last 3 months

02.24.2010

Single Family                                        
Active listings: 161
Under contract: 25
Closed: 39
Avg days on market: 103

Condo/Coach home
Active listings: 197
Under contract: 29
Closed:  48
Avg days on market: 149

Townhome
Active listings: 181
Under contract: 32
Closed:  45
Avg days on market:  122

Schaumburg Real Estate is doing quite well.   The Real Estate market in Schaumburg has changed much when it comes to active listings still on the market, but the average days on the market has gone down.  There are a lot of deals on single family homes in Schaumburg.  Once there is a good sign of stability in all the markets things will sell fast.  I wish I was in the market to buy now.  Schaumburg Real Estate is on it’s way to recovery!

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

Schaumburg Real Estate and homes search

Lake In The Hills Market Update – last 3 months

February 24, 2010 in Lake in the Hills, Real Estate - local markets | Tags: , | by Dominic Caruso | Leave a comment

Lake In The Hills Real Estate and Homes for sale

Market Update for Lake In The Hills Homes and Real Estate- last 3 months

02.24.2010

Single Family                                        
Active listings: 136
Under contract: 46
Closed: 49
Avg days on market: 126

Condo/Coach home
Active listings: 27
Under contract: 2
Closed:  4
Avg days on market: 70

Townhome
Active listings: 64
Under contract:13
Closed:  9
Avg days on market:  117

Lake In The Hills Real Estate is hanging in there!  The market time has come down in the recent months which is great!  Home prices in Lake In The Hills are definitely low and there are many great buys out there.  Once there is a good sign of stability in all the markets things will sell fast.  Lake In The Hills is a great area with all the conveniences you could want.  I wish I was in the market to buy now.  Hang in there Lake In The Hills!

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

Lake In The Hills Real Estate and Homes search

Algonquin Market Update! Last 3 months

February 24, 2010 in Algonquin, Real Estate - local markets | by Dominic Caruso | Leave a comment

 

Algonquin Real Estate

Market Update for Algonquin Homes and Real Estate- last 3 months

02.24.10

Single Family                                        
Active listings: 235
Under contract: 45
Closed: 36
Avg days on market: 119

Condo/Coach home
Active listings: 15
Under contract: 1
Closed:  1
Avg days on market: 63

Townhome
Active listings: 102
Under contract: 13
Closed:  15
Avg days on market:  163

Algonquin Real Estate is starting to pick up along with most areas nearby.  The average market time has gone down!  As you can see there are not a lot of Condos in Algonquin.  Home prices in Algonquin are definitely low and there are many great buys out there.  I think the market has come very close to bottoming!  I wish I was in the market to buy now.  Hang in there Algonquin!
This data comes courtesy of MRED MLS and covers 1/1/09 to 10/31/09.

 

Algonquin Real Estate and home search

Been Foreclosed on, Done a Short Sale – What Next?

January 31, 2010 in Tricks and Tips | Tags: , | by Matt Hernacki | Leave a comment

Our trusted attorney, Tom, has an excellent post today on what to expect after a foreclosure or short sale, and how to prepare if you find yourself in a similar situation.

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