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Lake In The Hills Market Update – last 3 months

February 24, 2010 in Lake in the Hills, Real Estate - local markets | Tags: lake in the hills homes for sale, Lake In the hills real estate | by Dominic Caruso | Leave a comment

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

McHenry County Foreclosure Count

November 24, 2009 in Algonquin, Cary, Crystal Lake, Lake in the Hills, McHenry, Real Estate - local markets | Tags: algonquin homes for sale, algonquin real estate, Cary IL Real Estate, Crystal Lake Real Estate, Lake In the hills real estate, McHenry foreclosures, McHenry Real Estate | by Matt Hernacki | Leave a comment

The Cary News Weekly (Cary’s email newsletter) reported last week that the Woodstock Institute had released foreclosure totals for McHenry County. They were happy to announce that Cary had the lowest number of foreclosures so far in 2009 for all of McHenry’s larger communities. Here is the list:

Lake in the Hills – 221
Crystal Lake – 192
Algonquin – 131
McHenry – 123
Woodstock – 113
Cary – 73

SOLD: Lake in the Hills 2 story

November 2, 2009 in Just Sold, Lake in the Hills, Real Estate - local markets | Tags: Lake in the Hills, lake in the hills homes for sale, Lake In the hills real estate | by Matt Hernacki | Leave a comment

191 Ferryville Drive, Lake in the Hills

Gorgeous 2 story home with 4 bedrooms and basement, listed for only $219,900 in Bellchase. This is why it is a great time to buy! Search for your Lake in the Hills home here.

Lake In The Hills Market Update

June 30, 2009 in Lake in the Hills, Real Estate - local markets | Tags: lake in the hills homes for sale, lake in the hills real estates | by Dominic Caruso | Leave a comment

Last Three Months- Market Snapshot

Single Family

Active 169

Under Contract 38

Average Market Time 228

Closed/Sold 66

Condos and Townhomes

Active 120

Under Contract 23

Average Market Time 163

Closed/Sold 25

There is alot of available Real Estate in Lake In The Hills. Not a surprise! Take a look at the stats. There are mony great buys because of the amount of listings in inventory. It will take some time to get the inventory down to normal levels until then you buyers need to get out and take advantage of this once in a lifetime buyers market!

First Time Buyer Bonanza – Find Your New Home

March 11, 2009 in Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Grove, Cary, Crystal Lake, Elk Grove, First Time Buyers, Hoffman Estates, Inverness, Lake Zurich, Lake in the Hills, McHenry, Mount Prospect, Palatine, Real Estate - local markets, Rolling Meadows, Roselle, Schaumburg, Streamwood | Tags: Arlington Heights homes for sale, chicago area, Palatine Real Estate, Real Estate First Time Buyer, schaumburg homes for sale | by Matt Hernacki | Leave a comment

If you’re a first time buyer and in a position where you can purchase a place of your own, you have stumbled on one of the best times ever to buy! You’ll be able to take advantage of super low interest rate (the lowest in 37 yrs in fact!), and low prices at the same time. If that were not enough, you can also get a $8000 tax credit when you close by Nov 30 of this year. We have more information posted here. Several area towns also have grant programs that match money you come up with toward your down payment (up to $10,000 even!). Check them out here.

Despite what you see on the news, you can get a mortgage if you have decent credit and a miminal down payment (you could even borrow your down payment and pay the generous person right back when you get your tax credit!). The first step is getting pre-approved which is a painless process you can do over the phone. We can refer you to a great lender. That will tell you what you can afford and the amount of the monthly payments. Then you’ll be ready to start looking! Don’t miss your chance. Years from now you don’t want to be one of the many people who will say they wish they had bought a home in 2008 or 2009!

You don’t necessarily have to be a ‘first time’ buyer either. You also qualify for the $8,000 tax credit if you have not owned a home in 3 years!

$7,500 is $15,000 is now $8,000 to First-Timers

February 16, 2009 in Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Grove, Cary, Crystal Lake, Elk Grove, First Time Buyers, Hoffman Estates, Inverness, Lake Zurich, Lake in the Hills, McHenry, Mount Prospect, Palatine, Real Estate - local markets, Rolling Meadows, Roselle, Schaumburg, Streamwood, Tricks and Tips | Tags: first time buyer incentives, First Time Buyers, home buying incentives | by Matt Hernacki | Leave a comment

Well, it was not the $15,000 that the Senate got everyone hot and bothered about (you can’t really expect them to do something totally right, can you?) a week and a half ago or so, but it is an improvement over the current $7,500 tax credit currently in place. Part of the new stimulus bill includes an $8,000 tax credit for first time buyers that no longer has to be paid back! It is also now good from when the bill is signed into law by the president through Dec 1 of this year.

Further details are still coming out. We’ll keep you posted. Be sure to discuss this with your accountant or tax advisor for tax implications and your specific situation.

If you are a first time buyer, or know of one - take advantage of this. There has never been anything like it offered before.

$15,000 Tax Credit May Be Coming Your Way

February 5, 2009 in Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Grove, Cary, Crystal Lake, Elk Grove, First Time Buyers, Hoffman Estates, Inverness, Lake Zurich, Lake in the Hills, McHenry, Mount Prospect, Palatine, Real Estate - local markets, Rolling Meadows, Roselle, Schaumburg, Streamwood, Tricks and Tips | Tags: 15000 tax credit, chicago northwest suburbs, Chicagoland Real Estate, first time buyer incentives, home buying incentives | by Matt Hernacki | Leave a comment

The government is trying to greatly improve the tax credit that was offered last year and that is in place now. Right now you have to be a first time buyer or have not owned a home in three years to get a $7500 credit that has to be repaid over 15 years. If the $15,000 credit is passed and signed into law, anyone (not just first-timers) who buys a home as their principal residence in the year following the bill’s passage would get a $15,000 credit that does not have to be paid back as long as they don’t sell the home within 2 years!! This would be a real incentive if the bill becomes law. Here is more from our Realtor Association (RANWC) newsletter. We’ll keep you posted….

Last evening the United States Senate unanimously passed a bipartisan amendment, offered by REALTOR® Champions, Senators Johnny Isakson (R-GA) and Joe Lieberman (ID-CT) to the Economic Stimulus Bill creating a $15,000 tax credit to individuals who purchase a home in the next year.

Specifically, the Isakson-Lieberman amendment to the pending economic stimulus bill would provide a direct tax credit to any homebuyer who purchases any home. The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. Purchases must be made within one year
of the legislation’s enactment, and the tax credit would not have to be repaid.

The amendment would allow taxpayers to claim the credit on their 2008 income tax return. It also seeks to prevent misuse by only allowing purchases of a principle residence and by recapturing the credit if the home is sold within two years of purchase. The amendment would sunset the current $7,500
housing tax credit on the date of enactment.

While the final details of the Stimulus Bill are still being debated, this amendment represents a tremendous step forward in NAR’s efforts to stabilize housing markets around the nation. Because of the efforts of REALTORS®, we expect the final Economic Stimulus Bill will contain several major
housing provisions. We will continue to update you as the bill progresses through the legislative process.

Lake in the Hills Foreclosure – Just SOLD!!

September 22, 2008 in Just Sold, Lake in the Hills | Tags: lake in the hills homes, Lake In the hills real estate, lake in the hills townhomes | by Matt Hernacki | Leave a comment

938 Cynthia, Lake in the Hills

Another buyer gets a great price! This foreclosure is in excellent shape and listed for only: $169,000. This Lake in the Hills duplex subdivision had sales over $200,000 just a short time ago.

Lake In The Hills Real Estate Market Update-

September 4, 2008 in Lake in the Hills | Tags: lake in the hills homes, Lake In the hills real estate | by Dominic Caruso | Leave a comment

Last three months

Single Family

Active: 245 Under contract: 33

Closed: 83

Condos and Townhomes

Active: 116

Under Contract: 9

Closed: 43

Lake in the Hills Real Estate looks like it’s making a recovery!! Less on the market and 75% more closing in the past 3 months is a great start! We haven’t seen this type of turn towards to positive side for a while. The bottom is near or behind us. Hang in the Lake In The Hills!

Lake In The Hills Market Update!

July 28, 2008 in Lake in the Hills | Tags: lake in the hills homes for sale, Lake In the hills real estate | by Dominic Caruso | Leave a comment

Lake In The Hills Market Update- Last 3 months

Lake In The Hills

Single family

Active 253

Under contract 34

Closed 54

Condos/townhomes

Active 137

Under contract 20

Closed 19

Lake In The Hills Real Estate is closing more this month than last!! If you are priced right and are willing to wait it out it will sell. There still is a high number of homes available in Lake In The Hills. It will take some time before the inventory reduces. It is a great time to buy Real Estate in Lake In The Hills! Rates are very low and sellers are willing to get the deal done!